Business Email Compromise Market Future Scope, Demands And Projected Industry Growths 2030

Published: 2024-08-01
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Author: kadambarimmr
Published in: SEO

A form of cybercrime known as a Business Email Compromise (BEC) occurs when phishers use emails to trick people into sending money or divulging private company information.

Forecast Increase in Revenue:

The Business Email Compromise Market size expected to hit USD 4.71 Bn by 2030 from USD 1.37 Bn in 2023 at a CAGR of 19.3% during the forecast period.

Business Email Compromise Market Overview:

An extensive analysis of the "Business Email Compromise Market," covering its growth, trends, and forecasts, has been provided by leading research firm Maximize Market Research.

Business Email Compromise Market Scope and Methodology:

This research provides a thorough analysis of the Business Email Compromise Market with the goal of revealing important information for tactical decision-making. The comprehensive analysis in this file looks at market characteristics, dynamics, and important points to help clients expand their successful Business Email Compromise Market strategies and recognize opportunities. Qualitative and quantitative records are meticulously gathered and examined by making use of all primary and secondary data resources. Large-scale findings are revealed during preliminary discussions with enterprise experts. These findings are further supported by other sources such as financial reports, white papers, and press releases. The report explains factors that are driving, limiting, and constricting the healthcare chatbot market as well as opportunities that are worth investigating.

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Business Email Compromise Market Segmentation:

The Business Email Compromise Market is anticipated to be dominated by the cloud segment in terms of revenue share. A range of tools, services, regulations, and procedures known as cloud security are employed to guard against phishing attacks on infrastructure and data. To protect data privacy, major organizations are implementing cloud technologies. Businesses can secure their data by embracing multi-factor authentication, limiting who has access to certain tools, using password managers, and encrypting cloud data.

Since phishers typically target large organizations through business email compromise, the large enterprise segment is anticipated to have the largest Business Email Compromise Market Share. Nowadays, the majority of work in every industry can be done remotely, and phishing attacks are most common when working remotely. These factors are contributing to the growth of a sizable enterprise segment in the industry that provides business email compromise services.

Conclusion: 

The Business Email Compromise (BEC) Market is projected to experience significant growth, reaching USD 4.71 billion by 2030 from USD 1.37 billion in 2023, driven by a CAGR of 19.3%. This expansion is fueled by the rising incidence of cyber-attacks, the increasing reliance on remote work, and the crucial role of email as a vector for cyber threats. The adoption of advanced technologies like AI, alongside the proactive efforts of key players such as Abnormal Security, Agari, Avanan, and Barracuda, will bolster market growth. Despite challenges like high solution costs and awareness deficits, the escalating frequency and financial impact of BEC-related attacks underscore the pressing need for robust security measures, particularly in regions like North America, Europe, and Asia Pacific, where the threat landscape is intensifying.

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

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Business Email Compromise Market Regional Insights:

The Business Email Compromise Market is divided into several regions, including Latin America, the Middle East, Africa, North America, Europe, and Asia Pacific. The market size, boom rates, and import-export dynamics within each location are just a few of the important factors that are thoroughly examined in this local evaluation. The report's Regional Analysis section provides unique insights into the status of the Business Email Compromise Market in different international regions by highlighting local trends, competitive environments, and regulatory frameworks.

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