Forecast 2028: GCC Ransomware Protection Market Analysis, Key...

Forecast 2028: GCC Ransomware Protection Market Analysis, Key Players, and Emerging Trends Assessment

Posted 2023-10-11 18:26:16

MarkNtel Advisors has thoughtfully curated the GCC Ransomware Protection Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.

What is the projected growth rate of the GCC Ransomware Protection Market during the forecast period?

The GCC Ransomware Protection market is projected to grow at a CAGR of around 8.23% during the forecast period, i.e., 2023-28.

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Possible Restraint: Lack of Awareness Among Organizations & Individuals

In the GCC countries, corporate organizations, especially SMEs, have inadequate investment as these businesses are not well aware of the consequences of data theft & ransomware attacks. The organizations are not focused on solutions such as anti-malware software, employee training programs, and backup & recovery systems, leaving them vulnerable to ransomware attacks.

Moreover, the slow adoption of ransomware protection solutions is due to the least or minimal awareness among individuals & organizations about ransomware attacks or their prevalence. Owing to this, the companies are lagging & are not prioritizing the implementation of the necessary security controls or delaying the adoption of updated ransomware protection technologies & practices, which can result in increased vulnerability to ransomware attacks, hence impeding the market in the future.

Segmentation Analysis of GCC Ransomware Protection Market:

The report has segmented the market into the following categories:

By Component

1. Solution
  1. Standalone anti-ransomware software
  2. Secure Web Gateways
  3. Application Control
  4. IDS/IPS
  5. Web Filtering
  6. Threat Intelligence
2. Services
  1. Professional Services
  2. Consulting
  3. Training and Education
  4. Support and Maintenance
  5. Managed Services

By Deployment Mode

1. On-premise
2. Cloud

By Organization Size

1. Small & Medium Enterprises
2. Large Enterprises

By Application

1. Network Protection
2. Endpoint Protection
3. Email Protection
4. Database Protection
5. Web Protection

By Industry

1. Government & Defence
2. BFSI
3. IT & Telecom
4. Healthcare & Life Sciences
5. Education
6. Energy & Utilities
7. Retail
8. Others (Manufacturing, Media and Entertainment, Transportation, etc.)

By Country

1. Saudi Arabia
2. The UAE
3. Qatar
4. Kuwait
5. Bahrain
6. Oman

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Competitive Landscape with Key Player:

•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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