Phishing Protection Market Impact and Opportunities During Coronavirus Lockdown and Forecast Assessment 2020-2027 | Microsoft Corporation, Mimecast Ltd., Phishlabs, Proofpoint, Inc

Report Ocean releases its latest report on the global Phishing Protection Market. Phishing protection is the security measure taken by industries, companies, institutions, firms, households, to prevent “phishing attacks''. Phishing is a form of cyber-crime, which gets to its prey (individuals) through the medium of email, telephone, or text message.

The predator or the individual poses as someone else, mostly as a legitimate body to lure in prey/individuals. To get sensitive personal or financial data, such as bank & credit card details, identity cards (used for identity theft), pin codes & passcodes, residential & work addresses, etc. The obtained information is then used to access important accounts, cards details, passwords, social security numbers, etc. Leading to access to important accounts, databases, cards’, etc. resulting in financial loss, identity theft, loss & theft of personal or professional data. 

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Growth Drivers

Third world economies taking a rise in the market

A rise in the third worlds’ economies would drive the market expectedly as the investments made for the development of IT infrastructure are taking place in full swing. Because of the growing incidences of cybercrimes and cyber-attacks in countries such as India, China, Japan, and many South American regions. Furthermore, MEA (the Middle East and Africa) and South America are forecast to elevate the market for phishing protection. As the market across North America and Europe is mature then a more stable growth is much expected from these regions.

The surge in adoption of digitalization in the industry

Since the wave of digitization took place, everything and multiple sectors of labored works got compact and easier to access. The reason for it being is the fact that digitalization makes calculations, data entry & collection, etc. work faster and efficiently. However, the increase in phishing attacks via email and social media has surged. Leading to the loss or compromise of corporate secrets and financial loss. Therefore, the application of phishing protection is done, removing, and protecting confidential information from all unauthorized, and unspecified, untrusted access in the systems.

As per IBM’s Cost of Data Breach Report, the average cost of a data breach is 3.88 million USD, in which 90% of data breaches account for phishing. The phishing attacks in Webmail and Online Services have increased from 12% to 26% in the past few years. The indicated increase in the number shows that there is a great demand for anti-phishing solutions, and this drives the market. The new coming age of IoT, better & faster network connectivity options, high-end software as well as hardware devices, all of this is the outcome of digitalization. Which would be considerable growth in the projected period of the relevant market.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Phishing Protection Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Phishing Protection Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Phishing Protection Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Phishing Protection Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Phishing Protection Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Phishing Protection Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Phishing Protection Market provides insight into the factors influencing its growth. This market study breaks down the Phishing Protection Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Phishing Protection Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Phishing Protection Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Phishing Protection Market are:

BAE Systems, Cisco Systems Inc., FireEye Inc., GreatHorn, Inc., Intel Corporation, Microsoft Corporation, Mimecast Ltd., Phishlabs, Proofpoint, Inc., Symantec Corporation,

Scope of the Report

The global Phishing Protection Market segmentation focuses on …

By Type

●      Email-based Phishing

●      Non Email based Phishing

By Application

●      BFSI

●      Education

●      Government

●      Healthcare

●      IT

●      Telecommunication

●      Transportation

●      Retail

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