The spear phishing solution market is expected to grow at an 8.4% CAGR from 2022 to 2032. According to this forecast, the spear phishing solution market share will grow from its current valuation of US$ 1.3 billion in 2022 to US$ 3 billion by 2032.
The majority of organisations are recently shifting toward digitization and focusing on maximum efficiency with minimal investments. One of the factors that encourages such efficient output at reasonable prices is the shift to online media.
Communicating among organisations and keeping a record of work proceedings via email is a convenient way for organisations to keep track of work done. However, there are several threats that can be encountered while exchanging emails online, saving passwords on emails, and communicating online.
One of these unfavourable outcomes is spear phishing, which is an email-spoofing technique that uses email or malicious websites to obtain personal information from an individual or company posing as a trustworthy organisation or entity. Phishing messages typically appear to come from well-known and large companies with a large membership base, and the recipient can be anyone within the recipient’s company or someone the target knows personally.
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Globally, spear phishing solutions are gaining traction among the organizations as they are increasing their reliability to online platform whereby data loss prevention, spam filtering, email archiving is proving to be important for the organizations.
Global Spear Phishing Solution Market: Drivers and Challenges
With the rising adoption of cloud email solutions and BYOD policy, there is an increase in need for spear phishing solutions. This factor is expected to fuel the demand for spear phishing solution in the coming years. Digitization in services and solution in the banking, financial and insurance industry and various other industry is expected to encourage adoption of spear phishing solution during the forecast period.
With the increasing awareness about the information hackers and data breaching, the adoption of spear phishing solutions is expected to impact the global spear phishing solution market positively.
The challenges faced by the solution providers in the global spear phishing solution market is the new threats and updated complex technology which are installed by the organizations that are challenging to be secured completely.
Global Spear Phishing Solution Market: Segmentation
Global spear phishing solution market can be segmented into components type, enterprise type, vertical, and regions.
On the basis of component type, global spear phishing solution market can be segmented into services and solution. Services segment for the global Spear Phishing Solution Market can be further sub segmented into professional services and managed services.
On the basis of enterprise type, global spear phishing solution market can be segmented into small enterprise, medium enterprise and large enterprise.
On the basis of vertical, global spear phishing solution market can be segmented into BFSI, retail, healthcare, transportation and logistics, media and entertainment and others.
Global Spear Phishing Solution Market: Regional Outlook
On the basis of regions, global spear phishing solution market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
North America accounts for largest market share in the global spear phishing solution market owing to the advanced technology and easy adoption in the countries such as the U.S. The digitization in the industrial and manufacturing sectors are offering lucrative growth opportunities for regions such as Western Europe spear phishing solution market.
Asia Pacific excluding Japan is expected to have maximum potential for the revenue growth of global spear phishing solution market during the forecast period. Latin America, Middle East and Africa, Eastern Europe are among the regions which are expected to witness positive growth during the forecast period.
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Global Spear Phishing Solution Market: Competition Landscape
Some of the key players for spear phishing solution market are BAE Systems PLC, Barracuda Networks, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint, LLC, Greathorn, Inc., Intel Security, Ironscales, Microsoft Corporation, Mimecast, Phishlabs, Phishme, Proofpoint, RSA Security LLC, Sophos Ltd., Symantec Corporation, Trend Micro, Inc., Votiro Inc.
The report covers exhaustive analysis on:
- Spear Phishing Solution Market Segments
- Spear Phishing Solution Market Dynamics
- Spear Phishing Solution Market Size, 2014 – 2016
- Spear Phishing Solution Market Size & Forecast 2017 to 2027
- Value Chain Analysis
- Spear Phishing Solution Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Spear Phishing Solution Market Drivers and Restraint
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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Key Segments in the Spear Phishing Solution Market
By Component Type:
- Professional Services
- Managed Services
- Cloud based
- Small Enterprise
- Medium Enterprise
- Large Enterprise
By End User:
- Transportation and Logistics
- Media and Entertainment
- North America
- Latin America
- Asia Pacific