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Ransomware is an ill-famed malware that has received recognition because of its lethal and irrevocable effects on its victims. The irreparable loss caused due to ransomware requires the timely detection of these attacks. Several studies including surveys and reviews are conducted on the evolution, taxonomy, trends, threats, and countermeasures of ransomware. Some of these studies were specifically dedicated to IoT and android platforms. However, there is not a single study in the available literature that addresses the significance of dynamic analysis for the ransomware detection studies for all the targeted platforms. This study also provides the information about the datasets collection from its sources, which were utilized in the ransomware detection studies of the diverse platforms. This study is also distinct in terms of providing a survey about the ransomware detection studies utilizing machine learning, deep learning, and blend of both techniques while capitalizing on the advantages of dynamic analysis for the ransomware detection. The presented work considers the ransomware detection studies conducted from 2019 to 2021. This study provides an ample list of future directions which will pave the way for future research.