Global Spear Phishing Email Solutions Market Size By Components(solutions, and services), By Deployment Type(Hybrid, Cloud), By End-User(Government, IT & Telecommunication), By Geographic Scope And Forecast

Spear Phishing Email Solutions Market Size And Forecast

Spear Phishing Email Solutions Market size was valued at USD 1220.276 Million in 2021 and is projected to reach USD 3096.292 Million by 2030, growing at a CAGR of 10.9 % from 2022 to 2030.

The increase in the events of spear phishing attacks and a surge in the adoption of digitization in various industries are the major factors driving the growth of the global spear phishing email solutions. The Global Spear Phishing Email Solutions Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Spear Phishing Email Solutions?

Spear phishing refers to the threats that spammers or attackers encounter when communicating online to extract sensitive, confidential, or personal information from an individual or company. This is an email spoofing that uses email, social media, or malicious websites to access data, generally from well-known large corporations with a wide membership base and recipients. Therefore, the solutions provided by organizations or individuals to protect sensitive information and increase their credibility with online platforms are called spear-phishing email solutions. For example, the FBI warns of spear phishing scams where emails appear to come from the National Missing and Exploited Children’s Center. Government-sponsored hackers and hacktivists are often behind these attacks. Cybercriminals do the same with the intention of reselling sensitive data to governments and private companies. These cybercriminals use custom approaches and social engineering techniques to effectively personalize their messages and websites.

Global Spear Phishing Email Solutions Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Email is the pinnacle chance vector for cyberattacks due to the fact it’s miles the primary mode of corporate, B2B, and B2C communications. Due to multiplied paintings from home (WFH) rates, e-mail is now the primary channel for all enterprise communication. Cybercriminals have multiplied the sophistication in their assaults and hackers have innovated impersonation tactics, consisting of growing outside clients and logo names with phony URLs and email header domains. They additionally carry out state-of-the-art assaults that integrate e-mail and cloud accounts, leverage social media for social engineering campaigns, and use outbound e-mail as a bot, thereby endangering an organization`s reputation. Scammers can weaponize emails after the fact. They supply a socially engineered email with a hyperlink to a benign internet site and then redirect that URL to a malicious site. Email protection can now without difficulty combat spam.

The most important email security trend is accelerating an organization’s cloud migration. Customers Deploy cloud-based mailbox services and move from on-premises servers to the cloud. Email security vendors improve their products with new features in Direct Response about the ingenuity of cybercrime. This includes the use of other security solutions. B. Domain-based messages Authentic. browser isolation, behavior analysis, and profiling, DLP, threat intelligence, Forensics Increasing deeper integration and broader capabilities with other security solutions Trends and often important requirements. Providers are developing features to extend Office 365 and other cloud emails.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Spear Phishing Email Solution Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Spear Phishing Email Solutions Market Segmentation Analysis

The Global Spear Phishing Email Solutions Market is Segmented into Components, Deployment Type, End-User And Geography.

Spear Phishing Email Solutions Market by Components

• Solution• Serviceo Professional serviceso Managed services

The spear fishing email solution market is divided into solutions, and services based on components. The service segment is further categorized into professional services and managed. This segment is expected to have high growth in this market, this growth is due to the widespread adoption of such solutions by various organizations such as BFSI, Government & Defense, Healthcare, and Retail to increase the effectiveness of IT security. Such tools help monitor email and email gateways and prevent data breaches by providing complete visibility into an incoming and outgoing emails from different industries. Solutions include spam filtering, data loss prevention, email authentication, intelligence risk, email archiving, and malware attack alerts. In recent years, security companies have warned against spearfishing and the use of spear fishing protection solutions is increasing.

Spear Phishing Email Solutions Market by Deployment

• On-Premises• Hybrid• Cloud

Email security solutions provide protection against external and internal email threats, email archiving, management options, performance features, detailed logs, and comprehensive reporting. An email gateway is a type of email server that protects an organization’s or user’s internal email server. This server acts as a gateway to which all incoming and outgoing mail is routed. Secure Email Gateway (SEG) is a device or software for monitoring sent and received emails. Email gateway protection is designed to prevent unwanted emails and deliver the right email. Unwanted messages include spam, phishing attacks, malware, or deceptive content.

Spear Phishing Email Solutions Market by End User

• Banking, Financial Services, and Insurance• Government• Defense• IT and Telecommunication• Others

The Global spear-phishing email solutions are being adopted by many private and government organizations to protect their confidential data and information from spammers. Private companies wants their information to be limited to their organization only and for that instance company shields their data by using the email security software. A government must have an email phishing solution as the government’s confidential policies will go to spammers and the information could be misused.

Spear Phishing Email Solutions Market by Geography

• North America• Europe• Asia Pacific• Latin America• Middle-East and Africa

Based on regional analysis, the global spear phishing solutions market is classified into North America, Europe, Asia Pacific, Latin America, and Middle-East and Africa. North America is a major hub for all major organizations around the world. With the expansion of various industries and the growth of IoT, the demand for smart devices and mobile phones in the region is increasing the market demand. The risks of attacks that can affect the market vary by individual and company. In addition, cyberattacks in North America, especially in the United States, are on the rise rapidly. It has reached record highs, primarily due to the surge in the number of connected devices in the region. The United States is characterized by increased investment in cybersecurity solutions and cyber threat detection software and platforms. As enterprises, from small businesses to large enterprises, become more aware, U.S. companies are deploying more stringent data protection solutions and installing fraud and threat detection programs to detect and respond to risks early.

Key Players

The “Global Spear Phishing Email Solutions Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Vade Secure, Agari Data Inc, Proofpoint, Barracuda Network Inc, Mimecast, FireEye. Inc, Sophos Ltd, and Digital Guardian.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2021, Sophos an IT security company announced to launch of XDR which is Extended Detection and Response Solution which offers Readymade data to the company for threat detection, Investigation, and a comprehensive approach.

• In December 2020, ESET an internet security company based in Slovakia announced the launch of the new endpoint security management platform ESET PROTECT in some countries. The new solution provides easy and automated management of ESET’s broad portfolio of security solutions with two deployment options, on-premises and cloud. ESET PROTECT Cloud is the foundation of new security management for ESET’s cloud-based business offerings, serving businesses of all sizes.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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