Global Spear Phishing Market, By Component (Solution, Services), Deployment Mode (Hybrid, Cloud, On-Premise), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), End User (Banking, Financial Services, and Insurance (BFSI), Government and Defense, Manufacturing, Healthcare, Retail, IT and Telecommunication, Media and Entertainment, Critical Infrastructure, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Spear phishing market size is valued at USD 2,416.06 million by 2028 is expected to grow at a compound annual growth rate of 9.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on spear phishing provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Spear phishing is the deceitful practice of sending emails allegedly from a known or trusted sender so as to provoke targeted individuals to disclose confidential information. Spear phishing protection is generally used to eliminate all the unauthorized access in the systems of the enterprises and protect the confidential information.
The rise in the incidences of spear phishing attacks is expected to influence the growth of spear phishing market over the forecast period of 2021 to 2028. Also the increase in the adoption of BYOD policy in organizations and high growth of cloud email security solution are also anticipated to flourish the growth of the spear phishing market. Furthermore, the rise in the awareness about the information hackers and data breaching and high adoption of spear phishing solutions are also likely to positively impact the growth of the market. Moreover, the rise in the adoption of cloud email solutions and rapid digitization in services and solution in the banking, financial and insurance industry are also expected create a huge demand for spear phishing as well as lifting the growth of the spear phishing market.
However, the lack of awareness regarding current threats and cyber-attacks and rise in the concerns of organizations regarding outsourcing of security services are expected to act as the major limitations for the growth of spear phishing in the above mentioned forecasted period, whereas the inadequate availability of qualified and experienced cyber security personnel can challenge the spear phishing market growth in the forecast period of 2021 to 2028.
Likewise, the strict government regulations and compliances and rise in the trend of predictive analytics and are expected to create various new opportunities that will lead to the growth of the spear phishing market in the above mentioned forecasted period.
This spear phishing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on spear phishing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Spear Phishing Market Scope and Market Size
Spear phishing market is segmented on the basis of component, deployment mode, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Spear phishing market is segmented on the basis of component into solution and services. Services have further been segmented into professional services and managed services.
- Based on deployment mode, the spear phishing market is segmented into hybrid, cloud and on-premises.
- The organization size segment of the spear phishing market is segmented into large enterprises and small and medium-sized enterprises.
- Based on end user, the spear phishing market is segmented into banking, financial services, and insurance (BFSI), government and defense, manufacturing, healthcare, retail, it and telecommunication, media and entertainment, critical infrastructure and others.
Spear Phishing Market Country Level Analysis
Spear phishing market is analyzed and market size, volume information is provided by country, component, deployment mode, organization size and end user as referenced above.
The countries covered in the spear phishing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the spear phishing market due to the presence of advanced technology and high adoption in the countries such as the U.S. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the increase in the investments by leading manufacturers in technological up-gradation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Spear Phishing Market Share Analysis
Spear phishing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spear phishing market.
The major players covered in the spear phishing market report are Cisco Systems Inc., Votiro, Microsoft, Broadcom, PhishLabs, Cofense, Trend Micro Incorporated, Mimecast Services Limited, Proofpoint, Inc., BAE Systems, Forcepoint, Check Point Software Technologies Ltd., Greathorn, Inc., IBM, RSA Security LLC, Sophos Ltd., McAfee LLC, Barracuda Networks, Inc., Palo Alto Networks, Avira Operations GmbH & Co. KG, and Bitdefender, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.