Spear Phishing Protection Market

Rising incidences of spear phishing attacks has increased the demand for spear phishing protection market.

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.

Market Synopsis

Spear Phishing Protection with Services in its Component Segment is the Dominating Segment in the Market

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.

North America Dominates the Market by Region

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.

The top factors driving the market growth include:

• Financial instability
• Community issues like poverty
• Bribery and corruption
• The overpopulation growth and use of advanced technology
• Increased cybercrime activities in Asia and Latin America

Key Developments:

• According to the 2019 IBM X-Force Threat Intelligence Index Report, phishing and malware will continue to be unremitting threats. The Anti-Phishing Working Group (APWG) reported that from July to September 2019, over 80,000 phishing sites were present, with more than 70% of all cyber attacks targeting mainly these sectors: SaaS/webmail, the payment industry, and financial institutions.
• Additionally, Europol freshly unconfined a report attentive on spear phishing; top results show an increase in phishing websites number and has touched new levels. Europol discovered that more than 65 percent of cyber attacks comprised spear phishing as the prime infection source.
• According to a news report, spear phishing and business email compromise are giant businesses, with business email compromise fraud costing overall United States businesses more than US$1.2 billion in the year 2018. Such enormous loots have incentivized scammers to expand targeted phishing spasms and enlarge their operations.

Historical & Forecast Period

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.

Report Scope by Segments

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:

SegmentationComponent Segment (2017–2027; US$ Mn)

• Solutions
• Cloud
• Hybrid
• On-Premise
• Services
• Professional
• Managed

 Protection Type Segment (2017–2027; US$ Mn)

• Data Leak Protection
• Email Encryption
• Multi-Layered Malware Protection
• Social Engineering Protection
• Zero Day Prevention
• Denial of Service Attack Protection
• Ransomware Protection

 End-User Segment (2017–2027; US$ Mn)

• BFSI
• Defense
• Healthcare
• Government
• Retail
• Telecommunication
• Media and Entertainment
• Transportation
• Others

 Geography Segment (2017–2027; US$ Mn)

• North America (U.S. and the Rest of North America)
• Europe (U.K., Germany, France, Italy, and the Rest of Europe)
• Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
• Rest of the World (Middle East & Africa (MEA), Latin America)

Top Players:

• Cisco Systems Inc.
• Votiro Inc.
• IronScales Ltd.
• GreatHorn Inc.
• Check Point Software Technologies Ltd.
• Forcepoint
• Sophos Ltd.
• McAfee LLC
• Barracuda Networks Inc.
• BAE Systems
• RSA Security LLC
• Intel Corporation
• A.O. Kaspersky Lab
• Bitdefender
• Avira Operations GmbH & Co. K.G.

1. Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation

2. Executive Summary
2.1 Market Snapshot: Global SPP Market
2.2 Global SPP Market, By Component, 2018 (US$ Bn)
2.3 Global SPP Market, By Protection Type, 2018 (US$ Bn)
2.4 Global SPP Market, By End-User, 2018 (US$ Bn)
2.5 Global SPP Market, By Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1 Introduction
3.1.1 Global SPP Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Spear Phishing Protection Vendors, 2018
3.4.1 Major Strategies Adopted by the Leading Players

4. Global Spear Phishing Protection Market (SPP) Market Analysis, by Component, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Solutions
4.2.1 Cloud
4.2.2 Hybrid
4.2.3 On-Premise
4.3 Services
4.3.1 Professional
4.3.2 Managed

5. Global Spear Phishing Protection Market (SPP) Market Analysis, by Protection Type, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Data Leak Protection
5.3 Email Encryption
5.4 Multi-Layered Malware Protection
5.5 Social Engineering Protection
5.6 Zero Day Prevention
5.7 Denial of Service Attack Protection
5.8 Ransomware Protection

6. Global Spear Phishing Protection Market (SPP) Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 BFSI
6.3 Defense
6.4 Healthcare
6.5 Government
6.6 Retail
6.7 Telecommunication
6.8 Media and Entertainment
6.9 Transportation
6.10 Others

7. North America Spear Phishing Protection Market (SPP) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 North America SPP Market Analysis, By Component, 2017 – 2027
7.2.1 Market Analysis
7.3 North America SPP Market Analysis, By Protection Type, 2017 – 2027
7.3.1 Market Analysis
7.4 North America SPP Market Analysis, By End-User, 2017 – 2027
7.4.1 Market Analysis
7.5 North America SPP Market Analysis, By Region/Country, 2017 – 2027
7.5.1 U.S.
7.5.1.1 U.S. SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
7.5.1.2 U.S. SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
7.5.1.3 U.S. SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
7.5.2 Rest of North America
7.5.2.1 Rest of North America SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
7.5.2.2 Rest of North America SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
7.5.2.3 Rest of North America SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)

8. Europe Spear Phishing Protection Market (SPP) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Europe SPP Market Analysis, By Component, 2017 – 2027
8.2.1 Market Analysis
8.3 Europe SPP Market Analysis, By Protection Type, 2017 – 2027
8.3.1 Market Analysis
8.4 Europe SPP Market Analysis, By End-User, 2017 – 2027
8.4.1 Market Analysis
8.5 Europe SPP Market Analysis, By Region/Country, 2017 – 2027
8.5.1 U.K.
8.5.1.1 U.K. SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.1.2 U.K.SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
8.5.1.3 U.K.SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.2.2 Germany SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
8.5.2.3 Germany SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
8.5.3 France
8.5.3.1 France SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.3.2 France SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
8.5.3.3 France SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.4.2 Rest of Europe SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
8.5.4.3 Rest of Europe SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)

9. Asia Pacific Spear Phishing Protection Market (SPP) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 Asia Pacific SPP Market Analysis, By Component, 2017 – 2027
9.2.1 Market Analysis
9.3 Asia Pacific SPP Market Analysis, By Protection Type, 2017 – 2027
9.3.1 Market Analysis
9.4 Asia Pacific SPP Market Analysis, By End-User, 2017 – 2027
9.4.1 Market Analysis
9.5 Asia Pacific SPP Market Analysis, By Region/Country, 2017 – 2027
9.5.1 China
9.5.1.1 China SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.1.2 China SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
9.5.1.3 China SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.2.2 Japan SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
9.5.2.3 JapanSPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
9.5.3 India
9.5.3.1 India SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.3.2 India SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
9.5.3.3 India SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.4.2 Rest of Asia Pacific SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
9.5.4.3 Rest of Asia Pacific SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)

10. Rest of the World (RoW) Spear Phishing Protection Market (SPP) Market Analysis, 2017 – 2027 (US$ Bn)
10.1 Overview
10.2 RoW SPP Market Analysis, By Component, 2017 – 2027
10.2.1 Market Analysis
10.3 RoW SPP Market Analysis, By Protection Type, 2017 – 2027
10.3.1 Market Analysis
10.4 RoW SPP Market Analysis, By End-User, 2017 – 2027
10.4.1 Market Analysis
10.5 RoW SPP Market Analysis, By Region/Country, 2017 – 2027
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
10.5.1.2 MEA SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
10.5.1.3 MEA SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
10.5.2.2 Latin America SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
10.5.2.3 Latin America SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)

11. Company Profiles
11.1 Cisco Systems Inc.
11.2 IronScales Ltd.
11.3 GreatHorn Inc.
11.4 Check Point Software Technologies Ltd.
11.5 Forcepoint
11.6 Sophos Ltd.
11.7 McAfee LLC
11.8 Barracuda Networks Inc.
11.9 BAE Systems
11.10 RSA Security LLC
11.11 Intel Corporation
11.12 AO Kaspersky Lab
11.13 Bitdefender
11.14 Avira Operations GmbH & Co. KG
11.15 Avira Operations GmbH & Co. KG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

List of Figures

FIG. 1 Global Spear Phishing Protection (SPP) Market: Research Methodology
FIG. 2 Market Size Estimation–Top-Down and Bottom Up Approach
FIG. 3 Global SPP Market Segmentation
FIG. 4 Global SPP Market, By Component, 2018 (US$ Bn)
FIG. 5 Global SPP Market, By Protection Type, 2018 (US$ Bn)
FIG. 6 Global SPP Market, By End-User, 2018 (US$ Bn)
FIG. 7 Global SPP Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global SPP Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Market Positioning of Key Spear Phishing ProtectionVendors, 2018
FIG. 11 Global SPP Market Value Share, By Component, 2018 & 2027 (%)
FIG. 12 Global SPP Market, for Solutions, 2017 – 2027 (US$ Bn)
FIG. 13 Global SPP Market, for Services, 2017 – 2027 (US$ Bn)
FIG. 14 Global SPP Market Value Share, By Protection Type, 2018 & 2027 (%)
FIG. 15 Global SPP Market, for Data Leak Protection, 2017 – 2027 (US$ Bn)
FIG. 16 Global SPP Market, for Email Encryption, 2017 – 2027 (US$ Bn)
FIG. 17 Global SPP Market, for Multi-Layered Malware Protection, 2017 – 2027 (US$ Bn)
FIG. 18 Global SPP Market, for Social Engineering Protection, 2017 – 2027 (US$ Bn)
FIG. 19 Global SPP Market, for Zero Day Prevention, 2017 – 2027 (US$ Bn)
FIG. 20 Global SPP Market, for Denial of Service Attack Protection, 2017 – 2027 (US$ Bn)
FIG. 21 Global SPP Market, for Ransomware Protection, 2017 – 2027 (US$ Bn)
FIG. 22 Global SPP Market Value Contribution, By End-User, 2018 & 2027 (%)
FIG. 23 Global SPP Market, for BFSI , 2017 – 2027 (US$ Bn)
FIG. 24 Global SPP Market, for Defense, 2017 – 2027 (US$ Bn)
FIG. 25 Global SPP Market, for Healthcare, 2017 – 2027 (US$ Bn)
FIG. 26 Global SPP Market, for Government, 2017 – 2027 (US$ Bn)
FIG. 27 Global SPP Market, for Retail, 2017 – 2027 (US$ Bn)
FIG. 28 Global SPP Market, for Telecommunication, 2017 – 2027 (US$ Bn)
FIG. 29 Global SPP Market, for Media and Entertainment, 2017 – 2027 (US$ Bn)
FIG. 30 Global SPP Market, for Transportation, 2017 – 2027 (US$ Bn)
FIG. 31 Global SPP Market, for Others, 2017 – 2027 (US$ Bn)
FIG. 32 North America SPP Market Value, 2017 – 2027, (US$ Bn)
FIG. 33 Europe SPP Market Value, 2017 – 2027, (US$ Bn)
FIG. 34 Asia Pacific SPP Market Value, 2017 – 2027, (US$ Bn)
FIG. 35 RoWSPP Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Spear Phishing Protection (SPP) Market
TABLE 2 Global SPP Market, By Component, 2018 (US$ Bn)
TABLE 3 Global SPP Market, By Protection Type, 2018 (US$ Bn)
TABLE 4 Global SPP Market, By End-User, 2018 (US$ Bn)
TABLE 5 Global SPP Market, By Geography, 2018 (US$ Bn)
TABLE 6 Impact Indicators
TABLE 7 Impact Analysis of Drivers and Restraints
TABLE 8 North America SPP Market Value, By Component, 2017 – 2027(US$ Bn)
TABLE 9 North America SPP Market Value, By Protection Type, 2017 – 2027(US$ Bn)
TABLE 10 North America SPP Market Value, By End-User, 2017 – 2027(US$ Bn)
TABLE 11 North America SPP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 12 U.S. SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 13 U.S. SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 14 U.S. SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 15 Rest of North America SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 16 Rest of North America SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 17 Rest of North America SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 18 Europe SPP Market Value, By Component, 2017 – 2027(US$ Bn)
TABLE 19 Europe SPP Market Value, By Protection Type, 2017 – 2027(US$ Bn)
TABLE 20 Europe SPP Market Value, By End-User, 2017 – 2027(US$ Bn)
TABLE 21 Europe SPP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 22 U.K. SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 23 U.K. SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 24 U.K. SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 25 Germany SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 26 Germany SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 27 Germany SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 28 France SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 29 France SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 30 France SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 31 Rest of Europe SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 32 Rest of Europe SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 33 Rest of Europe SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 34 Asia Pacific SPP Market Value, By Component, 2017 – 2027(US$ Bn)
TABLE 35 Asia Pacific SPP Market Value, By Protection Type, 2017 – 2027(US$ Bn)
TABLE 36 Asia Pacific SPP Market Value, By End-User, 2017 – 2027(US$ Bn)
TABLE 37 Asia Pacific SPP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 38 China SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 39 China SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 40 China SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 41 Japan SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 42 Japan SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 43 Japan SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 44 India SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 45 India SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 46 India SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 47 Rest of Asia Pacific SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 48 Rest of Asia Pacific SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 49 Rest of Asia Pacific SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 50 RoW SPP Market Value, By Component, 2017 – 2027(US$ Bn)
TABLE 51 RoW SPP Market Value, By Protection Type, 2017 – 2027(US$ Bn)
TABLE 52 RoW SPP Market Value, By End-User, 2017 – 2027(US$ Bn)
TABLE 53 RoW SPP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 54 MEA SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 55 MEA SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 56 MEA SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 57 Latin America SPP Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 58 Latin America SPP Market Value, By Protection Type, 2017 – 2027 (US$ Bn)
TABLE 59 Latin America SPP Market Value, By End-User, 2017 – 2027 (US$ Bn)
TABLE 60 Cisco Systems Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 61 IronScales Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 62 GreatHorn Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 63 Check Point Software Technologies Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 64 Forcepoint: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 65 Sophos Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 66 McAfee LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 67 Barracuda Networks Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 68 BAE Systems: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 69 RSA Security LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 70 Intel Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 71 AO Kaspersky Lab: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 72 Bitdefender: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)