Global Spear Phishing Market Accounted to hit at a CAGR 11.73% forecast by 2026

Posted by Onkar Nimbalkar on December 12th, 2019

Definition:

Spear phishing is an email phishing threat to the organizations by the spammers or attackers to gain the confidential and sensitive data of the enterprises. It is usually done through emails or social media. Usually attacker uses it to gain access to secrets and financial data’s of the enterprises. Spear phishing protection is used to remove all the unauthorized access in the systems of the enterprises and protect the confidential information.

Analysis of Global Spear Phishing Market report:

Global spear phishing marketis set to witness a healthy CAGR of 11.73% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to increasing incidences of spear phishing attacks and increasing adoption of BYOD policy in organizations as well as due to increasing digitization, online browsing, and use of mobile devices.

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Market Drivers:

•          Rising events of spear phishing attacks is propelling the growth of the market
•          Surging acquisition of Bring Your Own Device policy in organizations is fueling the growth of the market
•          The massive demand for cloud email security solution by the enterprises is boosting the growth of the market
•          Surging adoption of digitization in the industry verticals is contributing of the growth of the market

Market Restraints:

•          Absence of knowledge and understanding of current threats and cyber-attacks is retraining the growth of the market
•          Various organizations has raised concerns regarding outsourcing of security services which is hampering the growth of the market

Leading Key players profiled in this report are:

Few of the major competitors currently working in global spear phishing market are Cisco Systems Inc., Votiro Inc., IronScales Ltd., Microsoft, Symantec Corporation, PhishLabs, Cofense, Trend Micro Incorporated, Mimecast Services Limited, Proofpoint Inc., GreatHorn Inc., Check Point Software Technologies Ltd., Forcepoint, Sophos Ltd., McAfee LLC, Barracuda Networks Inc., BAE Systems, RSA Security LLC, Intel Corporation, AO Kaspersky Lab, Bitdefender, Avira Operations GmbH & Co. KG, F-Secure, Palo Alto Networks Inc., Fortinet Inc. among others.

Global Spear Phishing Market Segmentation:

By Component

•          Solutions
•          Services
•          Professional Services
•          Managed Services

By Deployment Type

•          On-Premises
•          Hybrid
•          Cloud

By Organization Size

•          Large Enterprises
•          Small and Medium Enterprises

By End User

•          Banking, Financial Services and Insurance
•          Government
•          Defense
•          Retail
•          Healthcare
•          Manufacturing
•          IT and Telecommunication
•          Media and Entertainment
•          Critical Infrastructure
•          Others

By Geography

•          North America
•          South America
•          Europe
•          Asia-Pacific

Competitive Analysis:

Global spear phishing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spear phishing market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

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The Global Spear Phishing Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Spear Phishing Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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