GCC Ransomware Protection Market Comprehensive Analysis and Forecast 2023 to 2028

GCC Ransomware Protection Market Overview: 2023-2028

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-2028

The GCC Ransomware Protection market is projected to grow at a CAGR of around 8.23% during the forecast period, i.e., 2023-28. The GCC Ransomware Protection Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s GCC Ransomware Protection Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Ransomware Protection Market drivers, barriers, GCC Ransomware Protection Market Trends, and Key Players in GCC Ransomware Protection Market.

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GCC Ransomware Protection Market Dynamics: 2023-2028

Market Dynamics

Significant Driver: Rising Instances of Cyber Attacks Have Surged the Adoption of Ransomware Protection

The ever-increasing cases of ransomware attacks have been a cause of concern in the GCC (Gulf Cooperation Council) region, propelling the demand for effective ransomware protection solutions. With the surge in cyber threats & the increasing sophistication of ransomware attacks, businesses & organizations in the GCC region are realizing the critical need for robust defenses to safeguard their valuable data & assets. The demand for ransomware protection has risen as organizations are more reliant on digital infrastructure than in the past, specifically followed by the COVID-19 pandemic due to the remote work trend. For instance,

In 2023, according to the report published by Group IB, more than 150 companies in the MEA region had their data leaked online, following ransomware attacks between 2021 & 2022, with a total of 42 companies in the GCC region.

As a result, regional companies are heavily investing in ransomware protection solutions such as endpoint security, network security, email security, and others to safeguard their digital assets & minimize the risk of ransomware attacks. These solutions are designed in a way to block & mitigate ransomware attacks, reducing the potential effect on business operations & reputation. Therefore, the surging ransomware attack & the upscaling investments by several companies to adopt this protection to mitigate the issue are further predicted to drive the market in the following years.

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GCC Ransomware Protection Market (2023-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Component

-Solution

-Standalone anti-ransomware software

-Secure Web Gateways

-Application Control

-IDS/IPS

-Web Filtering

-Threat Intelligence

Services

-Professional Services

-Consulting

-Training and Education

-Support and Maintenance

-Managed Services

By Deployment Mode

-On-premise

-Cloud

By Organization Size

-Small & Medium Enterprises

-Large Enterprises

By Application

-Network Protection

-Endpoint Protection

-Email Protection

-Database Protection

-Web Protection

By Industry

-Government & Defence

-BFSI

-IT & Telecom

-Healthcare & Life Sciences

-Education

-Energy & Utilities

-Retail

-Others (Manufacturing, Media and Entertainment, Transportation, etc.)

By Country

-Saudi Arabia

-The UAE

-Qatar

-Kuwait

-Bahrain

-Oman.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Ransomware Protection Market:

Acronis International GmbH, Help AG, Spire Solutions, Trend Micro Incorporated, Fortinet, Inc., AO Kaspersky Lab, Sophos Ltd., McAfee, LLC, Check Point Software Technologies Ltd., Palo Alto Networks, Others.

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