Business Email Compromise Market Size Forecasted To Achieve $4.34 Billion By 2029 With Steady Growth

The Business Email Compromise Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Business Email Compromise Market Size and Projected Growth Rate?
The market size of business email compromise has seen a rapid expansion in recent years. The projections indicate a growth from $1.9 billion in 2024 to $2.22 billion in 2025, with a compound annual growth rate (CAGR) of 16.9%. The historical growth can be accredited to the evolution of phishing strategies, abuse of trust associations, email forging and deception, absence of email security protocols, monetary gain motivation, globalization, and the surge in remote work.

The market size of business email compromise is anticipated to experience accelerated expansion in the coming years. It is predicted to rise to a staggering $4.34 billion by 2029, with a CAGR of 18.2%. The projected growth within this time frame can be linked to numerous factors such as vulnerabilities in email security systems, worldwide connectivity and threats associated with remote work, ransomware incorporation in BEC, persistent inadequacy in staff training, and the increasing cooperation among cyber criminals. Looming trends for this period consist of the worldwide escalation of attacks, the exploitation across various channels, adherence to security protocols, manipulation psychological tactics, and the compromising of email accounts.

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What Are the Major Segments in the Business Email Compromise Market?
The business email compromise market covered in this report is segmented -

1) By Offering: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: SMEs (Small And Medium Enterprises), Large Enterprises
4) By Vertical: Banking, Financial Services And Insurance, Government, Information Technology And Information Technology Enabled Services, Energy And Utilities, Manufacturing, Retail And E-Commerce, Healthcare, Other Verticals

Subsegments:
1) By Solutions: Email Authentication Solutions, Threat Intelligence Tools, Fraud Detection Software, Security Information And Event Management (SIEM)
2) By Services: Incident Response Services, Security Awareness Training, Vulnerability Assessment Services, Managed Security Services

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What Are The Driving Business Email Compromise Market Evolution?
The surge in the use of cloud-based email platforms is expected to fuel the expansion of the business email compromise market. These cloud-based email platforms are web-hosted systems that eliminate the need for local servers or infrastructure, allowing users to send, receive, and store emails. By incorporating superior safety features, centralized monitoring, and scalability, these services augment the defensive measures against business email compromise (BEC), creating a need for particular prevention solutions and services in this area. For instance, data from Eurostat, a Luxembourg-based governmental agency, in July 2024, revealed that the majority of European enterprises use cloud services mainly for email (79%) and file storage (66%). Other prevalent uses include office software (61%), financial/accounting software (47%), and enterprise databases hosting (46%). Consequently, the escalating adoption of cloud-based email services propels the growth of the business email compromise market. An increase in the occurrence of business email compromise (BEC) and spear-phishing attacks is anticipated to stimulate the business email compromise market's expansion. BEC attack is a category of cyberattack that consists of fraudulent emails focusing on businesses and organizations. As the number of BEC and spear-phishing attacks increase, and gain media coverage, organizations are growing more conscious of the cyber threats they could potentially encounter. This increase in awareness is tied to a heightened willingness to invest in protective solutions against such attacks. As an example, ASRTA IT, Inc, a computer application company based in the United States, reported in June 2024 that about 255 million phishing attacks were documented in 2022, indicating a 61% surge from the prior year. Nearly 1.2% of all emails sent were harmful, constituting 3.4 billion phishing emails per day, and Gmail blocked about 68% of almost a hundred million emails from previously unknown sca*ms. As such, the rise in BEC and spear-phishing attacks enhances the growth of the business email compromise market.

Which Firms Dominate The Business Email Compromise Market Segments?
Major companies operating in the business email compromise market report are Microsoft Corporation, Cisco Systems Inc., Broadcom Inc., Fortinet Inc., OpenText Corporation, Check Point Software Technologies Ltd., Trend Micro Inc., Cloudflare Inc., Fortra LLC, Symphony Technology Group, Mimecast Limited, Barracuda Networks Inc., Acronis International GmbH, Egress Software Technologies Ltd., Zix Corp, ZeroFox Holdings Inc., Tessian Limited, SafeGuard Cyber Inc., Heimdal Security A/S, Cofense Bidco Corporation, Agari Data Inc., Virtru Corporation, Ironscales Inc., Valimail Inc., Redscan Cyber Security Ltd., Abnormal Security Corporation, Trustifi LLC, Retruster Ltd., Cellopoint International Corp., GreatHorn Inc.

What Trends Are Driving Growth in The Business Email Compromise Market?
Key enterprises in the business email compromise market are intensifying their efforts in creating revolutionary technologies such as artificial intelligence solutions to gain a superior position in the market. An AI solution is a software application that harnesses AI methodologies to address specific problems or tasks. For example, in February 2023, SlashNext Inc., a cybersecurity company based in the US, initiated Generative HumanAI. This product, a pioneer in the industry, employs generative AI to guard against complex business email compromise (BEC), supply chain attacks, fiscal fraud, and mimicry of executives. The solution leverages AI data augmentation and cloning technologies to create thousands of probable BEC threats automatically. The human AI solution then employs natural language processing to scrutinize these, enhancing the identification of harmful emails.

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Which Is The Largest Region In The Business Email Compromise Market?
North America was the largest region in the business email compromise market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business email compromise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Business Email Compromise Market?
2. What is the CAGR expected in the Business Email Compromise Market?
3. What Are the Key Innovations Transforming the Business Email Compromise Industry?
4. Which Region Is Leading the Business Email Compromise Market?

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