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Spear Phishing Market Forecasts to 2028 – Global Analysis By Component (Service, Solution), Organization Size, End User (Media and Entertainment, Critical Infrastructure), and By Geography

Best Price Guarantee Length Publisher Published Date SKU
from $4,150 200 Pages Stratistics Market Research Consulting June, 2022 SMR17273006
Best Price Guarantee
Price from $4,150
Length 200 Pages
Publisher Stratistics Market Research Consulting
Published Date June, 2022
SKU SMR17273006

Spear Phishing Market Forecasts to 2028 – Global Analysis By Component (Service, Solution), Organization Size, End User (Media and Entertainment, Critical Infrastructure), and By Geography

According to Stratistics MRC, the Global Spear Phishing Market is accounted for $1265.40 million in 2021 and is expected to reach $2940.30 million by 2028 growing at a CAGR of 12.8% during the forecast period. Spear phishing is the deceitful practice of sending emails allegedly from a referred or trusted sender so as to provoke targeted individuals to disclose confidential information. Spear phishing protection is generally used to eliminate all the unauthorized access in the systems of the enterprises and safeguard the confidential information.

Market Dynamics:

Driver:

Increasing incidents of spear phishing attacks

Spear phishing is an email phishing danger from spammers or attackers to associations to acquire business classified and sensitive information. Normally it's done by email or online media. Usually, it is utilized by the attacker to get to access to corporate secrets and financial information. Spear phishing protection is utilized to eliminate and safeguard confidential information from all unauthorized access in the enterprise systems. This expansion in the number shows that there is a high demand for anti-phishing solutions and this drives the market.

Restraint:

Lack of knowledge and understanding of current threats and cyber warfare

Lack of knowledge and understanding of cyber-attacks is likely to restrain the growth of the spear-phishing market in different end-use industries. Business email compromise scams are on the rise to focus the real estate sector. Such an expanding number shows that the anti-phishing solutions are not finding success in preventing phishing activities. The absence of knowledge to develop and utilize anti-phishing solutions will cause hindrance to the growth of the market.


Opportunity:

Growing adoption of digitization in the industry verticals

There is an increasing adoption of cloud email security solutions and high numbers of cybercrimes in different end-user industries such as banking and finance, defense, healthcare, and retail. The demand for convergence of spear-phishing solutions with other standard advancements also drives the market. Digital lending to micro, small and medium-sized enterprises (MSMEs) in India is expected to reach high. This growth in digitization will give rise to opportunities for more phishing operations, which in turn will boost market demand.

The service segment is expected to be the largest during the forecast period

The service segment is estimated to have a lucrative growth owing to the early adoption of email security services. These services offer lucrative growth opportunities to service vendors by offering data analytics and data visualization services to organizations to detect and reveal attack campaigns, the source of attacks, and targeted users.

The banking, financial services, and insurance (BFSI) segment is expected to have the highest CAGR during the forecast period

The banking, financial services, and insurance (BFSI) segment is anticipated to witness the fastest CAGR growth during the forecast period due to the requirement of security products and services that can protect employees, customers, assets, offices, branches, and operations. Furthermore, enhancement of business operations and expansion of customer base makes the industry a lucrative target for fraudsters, fueling the adoption of spear phishing solutions and services in the BFSI vertical.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing digitization, online browsing, and use of mobile devices. Countries in Asia Pacific are likely to witness an increasing number of spear phishing attacks, which is expected to augment the adoption of advanced email security solutions.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period due to enhanced digitization, smartphone email access, and online browsing in this region. The high market share of the region is also because of high investments by leading manufacturers in technological up gradation of the cyber security system and broad trends in consumer acceptance of products.

Key players in the market

Some of the key players profiled in the Spear Phishing Market include Barracuda Networks Inc., Trend Micro, Inc., Symantec Corporation, Cisco Systems Inc., RSA Security LLC., Proofpoint, Microsoft Corporation, Ironscales, FireEye Inc., GreatHorn, Inc., Forcepoint LLC., Intel Corporation, Checkpoint Software Technologies Ltd., Sophos Ltd. and BAE Systems.
Key Developments:

In February 2021, Barracuda Networks Inc. launched a redesigned version of their email security solution, Barracuda Email Threat Scanner, to help detect email threats like spear phishing, BEC, conversation hijacking, etc., from getting past email gateway.

In May 2019, IRONSCALES entered into an agreement with BDO MDR. It will allow the company to ease the burden on its SOC team and will now be able to deliver time savings and risk reduction benefits to its customers that will keep the company's customers and make it a dominant force.

Deployment Types Covered:
• Cloud
• Hybrid
• On-Premises

Components Covered:
• Service
• Solution

Organization Sizes Covered:
• Small and Medium Enterprises (SMEs)
• Large enterprises

End Users Covered:
• Retail
• Media and Entertainment
• IT and Telecommunication
• Healthcare
• Government and Defense
• Critical Infrastructure
• Banking, Financial Services, and Insurance (BFSI)
• Manufacturing

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Spear Phishing Market, By Deployment Type
5.1 Introduction
5.2 Cloud
5.3 Hybrid
5.4 On-Premises
6 Global Spear Phishing Market, By Component
6.1 Introduction
6.2 Service
6.2.1 Managed Services
6.2.2 Professional Services
6.3 Solution
7 Global Spear Phishing Market, By Organization Size
7.1 Introduction
7.2 Small and Medium Enterprises (SMEs)
7.3 Large enterprises
8 Global Spear Phishing Market, By End User
8.1 Introduction
8.2 Retail
8.3 Media and Entertainment
8.4 IT and Telecommunication
8.5 Healthcare
8.6 Government and Defense
8.7 Critical Infrastructure
8.8 Banking, Financial Services, and Insurance (BFSI)
8.9 Manufacturing
9 Global Spear Phishing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Barracuda Networks Inc.
11.2 Trend Micro, Inc.
11.3 Symantec Corporation
11.4 Cisco Systems Inc.
11.5 RSA Security LLC.
11.6 Proofpoint
11.7 Microsoft Corporation
11.8 Ironscales
11.9 FireEye Inc.
11.10 GreatHorn, Inc.
11.11 Forcepoint LLC.
11.12 Intel Corporation
11.13 Checkpoint Software Technologies Ltd.
11.14 Sophos Ltd.
11.15 BAE Systems
List of Tables
Table 1 Global Spear Phishing Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 3 Global Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 4 Global Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 5 Global Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 6 Global Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 7 Global Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 8 Global Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 9 Global Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 10 Global Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 11 Global Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 12 Global Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 13 Global Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 14 Global Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 15 Global Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 16 Global Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 17 Global Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 18 Global Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 19 Global Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 20 Global Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 21 Global Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 22 Global Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 23 North America Spear Phishing Market Outlook, By Country (2020-2028) ($MN)
Table 24 North America Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 25 North America Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 26 North America Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 27 North America Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 28 North America Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 29 North America Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 30 North America Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 31 North America Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 32 North America Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 33 North America Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 34 North America Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 35 North America Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 36 North America Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 37 North America Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 38 North America Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 39 North America Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 40 North America Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 41 North America Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 42 North America Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 43 North America Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 44 North America Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 45 Europe Spear Phishing Market Outlook, By Country (2020-2028) ($MN)
Table 46 Europe Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 47 Europe Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 48 Europe Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 49 Europe Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 50 Europe Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 51 Europe Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 52 Europe Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 53 Europe Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 54 Europe Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 55 Europe Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 56 Europe Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 57 Europe Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 58 Europe Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 59 Europe Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 60 Europe Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 61 Europe Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 62 Europe Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 63 Europe Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 64 Europe Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 65 Europe Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 66 Europe Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 67 Asia Pacific Spear Phishing Market Outlook, By Country (2020-2028) ($MN)
Table 68 Asia Pacific Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 69 Asia Pacific Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 70 Asia Pacific Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 71 Asia Pacific Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 72 Asia Pacific Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 73 Asia Pacific Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 74 Asia Pacific Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 75 Asia Pacific Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 76 Asia Pacific Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 77 Asia Pacific Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 78 Asia Pacific Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 79 Asia Pacific Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 80 Asia Pacific Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 81 Asia Pacific Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 82 Asia Pacific Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 83 Asia Pacific Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 84 Asia Pacific Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 85 Asia Pacific Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 86 Asia Pacific Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 87 Asia Pacific Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 88 Asia Pacific Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 89 South America Spear Phishing Market Outlook, By Country (2020-2028) ($MN)
Table 90 South America Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 91 South America Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 92 South America Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 93 South America Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 94 South America Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 95 South America Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 96 South America Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 97 South America Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 98 South America Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 99 South America Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 100 South America Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 101 South America Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 102 South America Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 103 South America Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 104 South America Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 105 South America Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 106 South America Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 107 South America Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 108 South America Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 109 South America Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 110 South America Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)
Table 111 Middle East & Africa Spear Phishing Market Outlook, By Country (2020-2028) ($MN)
Table 112 Middle East & Africa Spear Phishing Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 113 Middle East & Africa Spear Phishing Market Outlook, By Cloud (2020-2028) ($MN)
Table 114 Middle East & Africa Spear Phishing Market Outlook, By Hybrid (2020-2028) ($MN)
Table 115 Middle East & Africa Spear Phishing Market Outlook, By On-Premises (2020-2028) ($MN)
Table 116 Middle East & Africa Spear Phishing Market Outlook, By Component (2020-2028) ($MN)
Table 117 Middle East & Africa Spear Phishing Market Outlook, By Service (2020-2028) ($MN)
Table 118 Middle East & Africa Spear Phishing Market Outlook, By Managed Services (2020-2028) ($MN)
Table 119 Middle East & Africa Spear Phishing Market Outlook, By Professional Services (2020-2028) ($MN)
Table 120 Middle East & Africa Spear Phishing Market Outlook, By Solution (2020-2028) ($MN)
Table 121 Middle East & Africa Spear Phishing Market Outlook, By Organization Size (2020-2028) ($MN)
Table 122 Middle East & Africa Spear Phishing Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
Table 123 Middle East & Africa Spear Phishing Market Outlook, By Large enterprises (2020-2028) ($MN)
Table 124 Middle East & Africa Spear Phishing Market Outlook, By End User (2020-2028) ($MN)
Table 125 Middle East & Africa Spear Phishing Market Outlook, By Retail (2020-2028) ($MN)
Table 126 Middle East & Africa Spear Phishing Market Outlook, By Media and Entertainment (2020-2028) ($MN)
Table 127 Middle East & Africa Spear Phishing Market Outlook, By IT and Telecommunication (2020-2028) ($MN)
Table 128 Middle East & Africa Spear Phishing Market Outlook, By Healthcare (2020-2028) ($MN)
Table 129 Middle East & Africa Spear Phishing Market Outlook, By Government and Defense (2020-2028) ($MN)
Table 130 Middle East & Africa Spear Phishing Market Outlook, By Critical Infrastructure (2020-2028) ($MN)
Table 131 Middle East & Africa Spear Phishing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)
Table 132 Middle East & Africa Spear Phishing Market Outlook, By Manufacturing (2020-2028) ($MN)

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