Business Email Compromise Market on Track for Strong Growth, Estimated to Grow at 18.5% CAGR Through 2029

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Business Email Compromise Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market size for business email compromise has seen a swift expansion in the past few years. The market size is forecasted to rise from $1.9 billion in 2024 to $2.22 billion in 2025, marking a compound annual growth rate (CAGR) of 17.0%. The past growth can be associated with the development of phishing strategies, the misuse of trust relations, email forgery and impersonation, a lack of proper email security, a financial reward motivation, and the advent of globalization and telecommuting._x000D_
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Business Email Compromise Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
The market size for business email compromise is anticipated to experience swift expansion in the coming years, reaching $4.38 billion by 2029 with a compound annual growth rate (CAGR) of 18.5%. This potential growth from now until the forecast period can be attributed to deficiencies in email security facilities, worldwide interconnectivity, and risks associated with remote work, as well as the merging of ransomware into BEC and the ongoing insufficiency in employee training, and the increasing collaboration among cyber criminals. Prominent trends projected for the forecast period encompass the worldwide spread of attacks, exploitation across multiple channels, adjustments to suit security protocols, the employment of psychological manipulation, and instances of compromised email accounts._x000D_
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What Are the Drivers Transforming the Business Email Compromise Market?_x000D_
The growth of the business email compromise market is expected to be fuelled by the rising use of cloud-based email services. These platforms are hosted on the internet, allowing users to send, receive, and store emails without the necessity of local servers or infrastructure. They enhance business email compromise (BEC) protection by providing integrated advanced security, centralized monitoring, and scalability. This, in turn, creates a need for specialized business email compromise prevention solutions and services. As reported by Eurostat, a Luxembourg-based government organization, in July 2024, the primary use of cloud services by European enterprises was for email (79%) and file storage (66%), followed by office software (61%), financial/accounting software (47%), and hosting enterprise databases (46%). As a result, the growing utilization of cloud-based email services is stimulating the expansion of the business email compromise market._x000D_
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What Long-Term Trends Will Define the Future of the Business Email Compromise Market? _x000D_
Leading businesses in the business email compromise industry are focusing on using and developing innovative tools such as artificial intelligence to stay competitive. Essentially, an AI tool is a software application that leverages AI protocols to address certain tasks or problems. For example, in February 2023, US-based company SlashNext Inc., known for their work in computer and network security, introduced Generative HumanAI. Touted as the industry's first product using generative AI aimed at protecting against sophisticated business email compromise (BEC), financial fraud, executive impersonation, and supply chain attacks. The product employs AI data augmentation and cloning technologies to create thousands of possible BEC threats automatically. The HumanAI tool further analyses these possible threats using natural language processing to improve its ability to identify harmful emails._x000D_
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Which Segments in the Business Email Compromise Market Offer the Most Profit Potential?_x000D_
The business email compromisemarket covered in this report is segmented - _x000D_
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1) By Offering: Solutions, Services_x000D_
2) By Deployment Mode: Cloud, On-Premise_x000D_
3) By Organization Size: SMEs (Small And Medium Enterprises), Large Enterprises_x000D_
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_x000D_
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Subsegments:_x000D_
1) By Solutions: Email Authentication Solutions, Threat Intelligence Tools, Fraud Detection Software, Security Information And Event Management (SIEM) _x000D_
2) By Services: Incident Response Services, Security Awareness Training, Vulnerability Assessment Services, Managed Security Services _x000D_
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Which Firms Dominate the Business Email Compromise Market by Market Share and Revenue in 2025?_x000D_
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._x000D_
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Which Regions Offer the Highest Growth Potential in the Business Email Compromise Market?_x000D_
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_x000D_
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