Business Email Compromise Market is projected to reach USD 3.96 billion by 2029 at a CAGR 19.3%

Business Email Compromise Market Overview:

Maximize Market Research Pvt Ltd, a renowned market research firm based in Pune, predicts that the global Business Email Compromise (BEC) market is poised to reach USD 3.96 billion by 2029, experiencing a robust CAGR of 19.3% from the recorded USD 1.15 billion in 2022. The surge in BEC incidents is attributed to the growing prevalence of remote work, with email serving as the entry point for a staggering 91 percent of cyber-attacks.

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Business Email Compromise Market Regional Insights:

Despite the promising market outlook, the report acknowledges the challenges posed by a lack of awareness regarding cyber-attacks and the high maintenance cost of BEC solutions, particularly for small and medium enterprises. Regionally, North America is expected to dominate the market, with Silicon Valley Bank's experience illustrating the severe consequences of BEC. Meanwhile, Europe faces increased BEC threats, driven by heightened cases of email phishing, and Asia Pacific is anticipated to exhibit the highest CAGR of 18.1%, propelled by incidents such as the Indian Cricket Council's BEC fraud.

Business Email Compromise Market Dynamics:

The dynamics of the Business Email Compromise (BEC) market are shaped by various factors that influence its growth and trajectory. One of the significant driving forces is the escalating trend of remote work, where emails serve as the primary conduit for approximately 91 percent of cyber-attacks. The surge in BEC incidents is propelled by cybercriminals exploiting the vulnerabilities associated with remote working arrangements. Additionally, the global increase in poverty, food insecurity, and geopolitical tensions contribute to the rise in cybercrimes, making the BEC market susceptible to social, geographic, and economic factors.

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Business Email Compromise Market Segmentation:

The Business Email Compromise (BEC) market exhibits a nuanced segmentation, aligning with diverse factors that influence its dynamics and growth. The deployment mode emerges as a crucial segmentation criterion, with the cloud segment anticipated to dominate the market. Cloud-based security solutions are gaining prominence, offering a comprehensive suite of technologies, services, controls, and practices tailored to protect data and infrastructure from phishing attacks. Organizations increasingly adopt cloud technologies, ensuring data privacy through restricted access, password management, multi-factor authentication, and encryption, thereby propelling the growth of the cloud segment within the Business Email Compromise industry.

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Business Email Compromise Market Key Players:

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 the Business Email Compromise Market includes:

1.Global Business Email Compromise Market: Research Methodology

2.Global Business Email Compromise Market: Executive Summary
• Market Overview and Definitions
● Introduction to the 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.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments

Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● 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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Maximize Market Research is a multidisciplinary market research and consulting company staffed by professionals from various industries. Its coverage spans medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automation systems. The company provides industry-verified market estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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