The Future of the GCC Ransomware Protection Market: Predictions and Projections for the Next Decade
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 rising incidents of ransomware attacks since the historical period have increased privacy & security issues for the companies in the region. Cybercriminals targeted organizations across various industries, including finance, energy, healthcare, and government with sophisticated ransomware attacks. In 2021, several companies in the UAE paid nearly USD1.4 million to regain access to leaked data & systems.