The market for Spear Phishing Protection Market is expected to reach USD$ XX Mn in 2027.
Globally, the spear phishing protection market is anticipated to grow with a CAGR of 11.60% during the forecast period from 2019 to 2027 and registered a market value of US$ 923.65 million in 2018. Spear phishing is an email or electronic communications scam targeted at an individual, business, enterprise, or organization. The rising digitalization has increased criminal activities, such as stealing data for malicious purposes. In addition, various hackers are hacking critical data from users and selling that confidential information, increasing criminal activities online and increasing the demand for spear phishing protection.
Spear phishing protection is used as a filter to eliminate unsolicited emails and protect critical information from hackers. Various factors are driving spear phishing protection markets, such as the increasing adoption of cloud email security solutions and rising cyber-attacks in the banking and financial sector, healthcare, defense, and e-commerce/retail sector. Moreover, the rise in internet infiltration worldwide is another major factor driving the market's growth.
In 2018, the services segment led the overall spear phishing protection market generating more than 60.0% of the total market value. This is attributed to the early adoption of these services over the solutions. Moreover, these services also provide data visualization and analytics services to the organizations to understand attacks on an organization or an end-user.
Spear phishing attacks example include the RSA Attack (2011), Sony Pictures (2014), U.S. Department of Energy Attack, Anthem Medical data breach, email marketing services company Epsilon breach, targeting Airbnb customers (2018), and others.
The global spear phishing protection market was governed by the North American region, having a market share of more than 38.0% in 2018. Increasing digitalization and the rise of internet utilization across the region. Moreover, increasing email security concerns and breaches are some of the major factors driving the market across the region. The U.S. accounts for the largest market share in the North American region due to the presence of advanced technologies, and companies are heavily investing in the spear phishing protection market for the development of various software solutions.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
The spear phishing protection market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global spear phishing protection market based on components, protection type, end-users, and geography. Key segments covered in the report are as follows:
The market for Spear Phishing Protection Market is expected to reach USD$ XX Mn in 2027.
The Spear Phishing Protection Market is expected to see significant CAGR growth over the coming years, at 11.60 %.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
? Cisco Systems Inc.,Votiro Inc.,IronScales Ltd.,GreatHorn Inc.,Check Point Software Technologies Ltd.,Forcepoint,Sophos Ltd.,McAfee LLC. are some of the major players in the global market.