Global Spear Phishing Market at a CAGR of 11.73 % Growth, Trends and Absolute Op

Posted by ganesha on January 24th, 2020

The company profiles of all the major players and brands that are dominating the market are covered in the report with respect to their moves like product launches, joint ventures, mergers and acquisitions. The Spear phishing market research report also explains in depth description, competitive scenario, product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. This market report offers an actionable market insight with which sustainable and profitable business strategies can be built. This global Spear phishing market report has been prepared by conducting market research in a systematic manner.

Global spear phishing market is set to witness a healthy CAGR of 11.73% in the forecast period of 2019 to 2026. 

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Market Definition: Global Spear Phishing Market

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.

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

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Segmentation: Global Spear Phishing Market

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

Key Developments in the Market:

• In May 2019, IRONSCALES had entered into a strategic alliance with BDO MDR for managing phishing detection and response. It will help the company to reduce the burden on its SOC team and will now be able to provide its customers with time saving and benefits of risk reducing which will retain the customers for the company and make it a market leader.
• In February 2019, Cofense has launched it latest technology. It is an addition of response delivery to its flagship product, allowing operators to deliver phishing scenario emails only when intended recipients are actively performing tasks in their mail client. The product will retain the customers and increase the revenues of the company.

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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