The Global Business Email Compromise (BEC) Market is projected to reach a market value of USD 1.15 Bn in 2022 to USD 3.96 Bn by 2029, exhibiting a remarkable CAGR of 19.3 percent during the forecast period.

Business Email Compromise Market Report Scope and Research Methodology:

The research report provides a comprehensive analysis of the Business Email Compromise market, including market dynamics, drivers, restraints, and regional insights. The study employs a robust research methodology, incorporating SWOT analysis, PESTLE analysis, and Porter's five force model to evaluate market data and identify growth opportunities.

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The utilization of advanced technologies such as Artificial Intelligence (AI) is expected to provide significant benefits to the Business Email Compromise market. AI, coupled with machine learning and deep learning, enhances network security, identifies unknown threats, and efficiently manages vulnerabilities. By leveraging AI, organizations can safeguard customer data and enhance their cybersecurity measures. The integration of cutting-edge technologies by key industry players to develop innovative solutions is projected to drive the global growth of the Business Email Compromise market.

Business Email Compromise Market Dynamics:

The Business Email Compromise market is propelled by various drivers, including social, geographic, and economic factors. The increasing poverty rates, food insecurity, and conflicts in several countries contribute to the rise in cybercrimes, including Business Email Compromise. Furthermore, developed countries like the United States experiencing high inflation, unemployment, and economic instability are susceptible to cyber threats, leading to an upsurge in such crimes. These factors act as significant drivers, fostering the growth of the Business Email Compromise market.

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Business Email Compromise Market Regional Insights:

North America is anticipated to hold the largest revenue share in the Business Email Compromise market throughout the forecast period. A recent incident involving Silicon Valley Bank highlighted the severe consequences of Business Email Compromising tricks for both customers and the economy. This event, along with the presence of key players like Avanan, Abnormal Security, and Agari, is expected to drive the demand for Business Email Compromise solutions in the region.

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Europe is projected to dominate the market due to the increased cases of email phishing attacks. In 2022, approximately 79 percent of organizations in Europe experienced Business Email Compromise attacks, with UK-based organizations being the primary targets. The UK finance sector alone reported over 122,000 instances of such tricks, resulting in significant financial losses. This surge in Business Email Compromise threats in European countries is anticipated to drive the growth of the industry.

Business Email Compromise Market Segmentation:

By Types of tricks:

1.Data Theft
2.False Invoice Scheme
3.CEO fraud
4.Lawyer Impersonation
5.Accounts Compromise

By Offering:

1.Solutions
2.Services

By Deployment Mode:

1.Cloud
2.On-Premise

By Applications:

1.BFSI
2.Government
3.IT & ITeS
4.Energy and Utilities
5.Manufacturing
6.Retail and eCommerce
7.Healthcare
8.Other Applications

By Organization Size:

1.SMEs
2.Large Enterprises

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Business Email Compromise Market Key Competitors include:

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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Table of Content for Business Email Compromise Market

1. Global Business Email Compromise Market: Research Methodology

2. Global Business Email Compromise Market: Executive Summary

• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Business Email Compromise Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Business Email Compromise Market Segmentation

• Global Market, by Types of tricks (2022-2029)
• Global Market, by Offering (2022-2029)
• Global Market, by Deployment Mode (2022-2029)
• Global Market, by Applications (2022-2029)
• Global Market, by Organization Size (2022-2029)

5. Regional Business Email Compromise Market (2022-2029)

• Regional Market, by Types of tricks (2022-2029)
• Regional Market, by Offering (2022-2029)
• Regional Market, by Deployment Mode (2022-2029)
• Regional Market, by Applications (2022-2029)
• Regional Market, by Organization Size (2022-2029)
• Regional Market, by Country (2022-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Types of tricks, Offering, Deployment Mode, Applications and Organization Size
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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