Business Email Compromise Market Projected to Reach USD 4.71 Bn by 2030, Led by Check Point Inc. and Fortinet Corporation

The Global Business Email Compromise Market is poised for substantial growth, with a projected size of USD 4.71 billion by 2030, up from USD 1.37 billion in 2023, representing a robust CAGR of 19.3% during the forecast period. This significant growth can be attributed to the escalating sophistication of cyber threats and the increasing frequency of business email compromise (BEC) attacks. BEC attacks target organizations of all sizes, aiming to deceive employees into transferring funds or sensitive information to cybercriminals. As businesses increasingly rely on email communication for daily operations, the vulnerability to BEC attacks grows. This has led to a surge in demand for advanced cybersecurity solutions and services to combat BEC threats, driving the growth of the global BEC market.

Business Email Compromise Market Report Scope and Research Methodology:

The Business Email Compromise (BEC) Market Report offers a comprehensive analysis of the market dynamics, trends, growth drivers, challenges, and opportunities shaping the landscape of email security. The report provides a detailed overview of the market, including market size, share, and forecast, segmented by type, organization size, vertical, and region. It also includes a thorough analysis of the competitive landscape, highlighting key players' strategies, partnerships, and acquisitions. The research methodology involves a blend of primary and secondary research to gather and validate data, ensuring its accuracy and reliability. The report aims to provide valuable insights and actionable intelligence to help stakeholders make informed decisions and enhance their email security posture in the face of rising BEC threats.



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What are Business Email Compromise Market Dynamics:

The Business Email Compromise (BEC) Market is being propelled by various social, geographic, and economic factors that are contributing to the rise of cybercrimes worldwide. One of the major drivers is the increasing poverty and food insecurity in many regions, which can lead individuals to resort to cybercrimes like BEC attacks. Additionally, ongoing conflicts and war situations in several countries create a conducive environment for cybercriminals to exploit vulnerabilities. Developed countries, including the United States, are also experiencing challenges such as higher inflation, increased unemployment rates, and less stable economies, pushing some individuals into desperate situations. These factors collectively contribute to a rise in cybercrimes like BEC attacks, thus driving the demand for solutions to mitigate such threats, thereby boosting the BEC market.



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Business Email Compromise Market Regional Insights:

North America is poised to maintain its position as the dominant region in the Business Email Compromise (BEC) Market throughout the forecast period (2024-2030). A notable incident, such as the liquidity crisis faced by Silicon Valley Bank (SVB) on March 13, 2023, underscores the serious repercussions of BEC
for financial institutions and the broader economy. The federal government's swift response to secure potential buyers for SVB highlights the urgency of addressing BEC threats. This incident is expected to drive the demand for BEC solutions in North America, further bolstering the region's BEC industry. Moreover, North America's market growth will be supported by the presence of key players in the BEC space, including Avanan, Abnormal Security, and Agari, among others. These companies are expected to play a significant role in enhancing BEC solutions and contributing to market share growth in the region.



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What is Business Email Compromise Market Segmentation:

by Types of

Data Theft
False Invoice Scheme
CEO fraud
Lawyer Impersonation
Accounts Compromise

by Offering

Solutions
Services

by Deployment Mode

Cloud
On-Premise

by Applications

BFSI
Government
IT & ITeS
Energy and Utilities
Manufacturing
Retail and eCommerce
Healthcare
Other Applications

by Organization Size

SMEs
Large Enterprises

The Business Email Compromise (BEC) Market is segmented based on various types of s, offering, deployment mode, applications, and organization size, reflecting the diverse nature of BEC threats and solutions. In terms of s, the market includes data theft, false invoice schemes, CEO fraud, lawyer impersonation, and accounts compromise, highlighting the different tactics used by cybercriminals to target businesses. The offerings segment includes solutions and services, indicating the range of solutions available to mitigate BEC risks. Deployment modes include cloud and on-premise solutions, providing flexibility in how organizations choose to implement BEC protection. The application segment covers a wide range of industries, including BFSI, government, IT & ITeS, energy and utilities, manufacturing, retail and eCommerce, healthcare, and other applications, reflecting the widespread impact of BEC across sectors. Lastly, the market is segmented by organization size, catering to both SMEs and large enterprises, indicating that BEC threats are relevant to businesses of all sizes. This comprehensive segmentation provides a detailed understanding of the BEC market landscape, helping businesses choose the right solutions to protect against BEC attacks.



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Who are 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

Table of Contents: Business Email Compromise Market

Chapter 1: Overview of Business Email Compromise Market

Chapter 2: Global Market Status and Forecast by Regions

Chapter 3: Global Market Status and Forecast by Types

Chapter 4: Global Market Status and Forecast by Downstream Industry

Chapter 5: Market Driving Factor Analysis

Chapter 6: Market Competition Status by Major Manufacturers

Chapter 7: Major Manufacturers Introduction and Market Data

Chapter 8: Upstream and Downstream Market Analysis

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Marketing Status Analysis

Chapter 11: Market Report Conclusion

Chapter 12: Research Methodology and Reference

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