Business Email Compromise Market size expected to hit USD 3.96 Bn by 2029 from USD 1.15 Bn in 2022 at a CAGR of 19.3% during the forecast period
Business Email Compromise Market Overview:
A newly released report offers an in-depth analysis of the Business Email Compromise Market, providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Business Email Compromise Report Scope:
The report comprehensively scopes the Business Email Compromise Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Business Email Compromise Market industry.
Business Email Compromise Market Research Methodology:
A sort of cybercrime known as a Business Email Compromise (BEC) occurs when phishers use emails to mislead people into sending money or divulging private company information. Since email is the first port of entry for 91 percent of cyberattacks, the business email compromise market is predicted to rise as a result of more people working remotely.
Business Email Compromise Market Dynamics:
The main causes of cybercrimes, which are predicted to propel the business email compromise market, are the world’s rising rates of poverty and food insecurity as well as the ongoing conflicts in many nations. Additionally, people are becoming more and more desperate as a result of wealthy nations like the United States experiencing rising inflation, higher unemployment rates, and less stable economies.
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Business Email Compromise Market Segmentation:
by Types of Scams
1.Data Theft
2.False Invoice Scheme
3.CEO fraud
4.Lawyer Impersonation
5.Accounts Compromise
by Offering
1.Solutions
2.Services
by Deployment Mode
1.Cloud
2.On-Premise
by Applications
1.BFSI
2.Government
3.IT & ITeS
4.Energy and Utilities
5.Manufacturing
6.Retail and eCommerce
7.Healthcare
8.Other Applications
by Organization Size
1.SMEs
2.Large Enterprises
Business Email Compromise Market Key Players:
1. Agari Inc.
2. Armorblox Incorporation
3. Abnormal Security Inc.
4. Area 1 Security Incorporation
5. Barracuda Networks Incorporation
6.Broadcom Corporation
7.Clearswift GmbH
8. Cisco Inc.
9.Check Point Inc.
10.Fortinet Corporation
11. GreatHorn Incorporation
12.Heimdal Security Solutions Company Ltd.
13. IRONSCALES
14. Mimecast Limited
15. Proofpoint Inc.
16. PhishLabs Corp.
17. Trend Micro Inc.
18.Tessian Corp.
19.Terranova Security
20.Trustifi Inc.
21.ZeroFox Company
22. Zix Corporation
23.Avanan
24. Cofense
25. Vade
Business Email Compromise Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Business Email Compromise Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Business Email Compromise Market Key Questions Answered:
The Business Email Compromise Market Report answers pivotal questions, including:
- Which segment dominated the Business Email Compromise Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Business Email Compromise Market growth?
- Which region held the maximum market share in 2020?
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