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Spear Phishing Market by Component, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022

Spear Phishing Market: Global Forecast until 2022

  • May 2017
  • 129 pages
  • ID: 4916098
In this report:
The professional services segment of the North America spear phishing services market is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2023.
North America is expected to contribute the largest share of ##.##% to the spear phishing market, and the market in the region is expected to grow at a CAGR of ##.##% from 2017 to 2022.

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The spear phishing market is estimated to rise at a compound annual growth rate of 10.80 percent between 2017 and 2022

The spear phishing market is forecasted to grow from an estimated $840.70M in 2017 to $1401.60M by 2022, at a compound annual growth rate of 10.80 percent between 2017 and 2022. Institutions rely heavily on spear phishing solutions whereby filtering spam, data loss prevention, email encryption, and email archiving proves beneficial for organizations. Therefrom, there is a huge demand for the integration of spear phishing market solutions with other mainstream technologies, which is fueling the rise of the spear phishing market. Nevertheless, lack of awareness about cyber-attacks is restraining the increase of the spear phishing market.

Established on component, the services segment recorded for the biggest share of the spear phishing market in 2017 Established on component, the services segment recorded for the most important share of the spear phishing market in 2017. Services offer data analytics and data visualization services to organizations to detect and reveal attack campaigns, source of attacks, and targeted users. The services segment is divided into professional services and managed services. The increase of this segment can be primarily attributed to spear phishing solution vendors that actively monitor emails and email gateways, and prevent data loss.

Based on vertical, the banking, financial services and insurance vertical is expected to account for the biggest share of the spear phishing market in 2017

Based on vertical, the Banking, Financial Services and Insurance segment is forecasted to account for the most important share of the spear phishing market in 2017. Institutions in the BFSI sector need security products and services that can protect employees, clients, assets, offices, branches, and operations.

The industry demand for this industry segment can be primarily attributed to the increase in usage of smart banking, internet banking, and mobile banking. Therefrom, the BFSI segment is forecasted to witness considerable increase during the outlook period.

North America continent is expected to account for the biggest share of the spear phishing market in 2017

The spear phishing market has been studied for North America (NA), Asia-Pac (APAC), EU, the Middle East (ME) & African continent, and Latin America area. North America continent is estimated to result the spear phishing market in 2017. Email security is identified as the most serious economic and national security challenge by the governments of various countries in the territory. Increased digitization, use of mobile devices for e-mail access, and online browsing are some of the main factors anticipated to fuel the rise of the spear phishing market in North America (NA).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top industry people. The distribution of profiles of primary members taking part is presented below:

• By Company category: Tier 1: 17.0 percent, Tier 2: 33.0 percent, and Tier 3: 50.0 percent

• By Description: C-suite: 35.0 percent, D-level: 60.0 percent, and Others: 5.0 percent

• By Area: North America continent: 48.0 percent, APAC: 17.0 percent, Europe (EU): 35.0 percent

Main vendors decribed in the analysis are like follows:

1. Bae Systems PLC

2. Barracuda Networks, Inc.

3. Check Point Software Technologies Ltd.

13. Trend micro, Incorporated

Scope of the Report:

This analysis offers a exhaustive segmentation of the spear phishing market based on component, deployment type, organization size, vertical, and area.

Established on component, the spear phishing market is broken down into solutions and services. Established on deployment type, the spear phishing market has been split into on-premises, hybrid, and cloud. Established on organization size, the spear phishing market has been divided into big enterprises and Small & Medium Enterprises. Established on vertical type, the spear phishing market has been broken down into Banking, Financial Services, and Insurance, government and defense, retail, healthcare, manufacturing, IT and telecommunication, media and entertainment, critical infrastructure, and others (others contain transportation and educational facilities). Geographic review has been carried out for North America (NA), EU, Asia-Pac, Middle East area & African continent, and Latin America area.

Main highlights

The market research will facilitate industry key players/new sector entrants in these ways:

• To define, describe, and forecast the spear phishing market established on component, deployment type, organization size, vertical, and area

• To offer exhaustive information concerning top factors, including drivers, market restraints, alternatives, and market-specific challenges influencing the increase of the spear phishing market

• To analyze micromarkets with respect to individual developments trends and contribution made towards the global market

• To analyze the alternatives in the sector for partners and offer details of competitive landscape for industry top players

• To forecast the market size of segments with respect to five main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and Latin America area

• To profile top players and globally analyze their core competencies (includes innovative products, quality, and customer experience)

• To track and analyze competitive developments, including mergers & acquisitions, strategic agreements & contracts, joint ventures (JV), alliances, and strategic alliances in the spear phishing market

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