Product Code: 138089-08-22
Rising incidences of spear phishing attacks has increased the demand for spear phishing protection market
Globally, the spear phishing protection market is anticipated to grow with a CAGR of 11.60% during the forecast period from 2022 to 2030 and had registered a market value of US$ 923.65 million in 2021. Spear phishing is defined as an email or electronic communications scam which has been targeted to an individual, business, enterprises or organization. The rising digitalization has increased criminal activities such as stealing data for malicious purposes. Various hackers are hacking the critical data from the users and sell that confidential information which is increasing the criminal activities online which is increasing the demand for spear phishing protection.
Spear phishing protection is used as a filter to eliminate or place unsolicited emails and also provides protection towards critical information from hackers. There are various factors that are driving the spear phishing protection markets such as increasing adoption of cloud email security solutions, rising cyber-attacks in the banking and financial sector, healthcare, defense, and e-commerce/retail sector, and others. Moreover, the rise in internet infiltration worldwide is another major factor that is driving the growth of the market.
Spear Phishing Protection with Services in its Component Segment is the Dominating Segment in the Market
In 2021, the services segment led the overall spear phishing protection market generating more than 60.0% of the total market value. This is attributed to the early adoption of these services over the solutions. Moreover, these services also provide data visualization and data analytics services to the organizations to understand the attacks made on an organization or an end-user.
Spear phishing attacks example include, the RSA Attack (2011), Sony Pictures (2014), U.S Department of Energy Attack, Anthem Medical data breach, email marketing services company Epsilon breach, targeting Airbnb customers (2020) and others.
North America Dominates the Market by Region
The global spear phishing protection market was governed by the North American region having a market share of than more 38.0% in the year 2021. Increasing digitalization and the rise of the utilization of the internet across the region. Moreover, increasing e-mail security concerns and breaches are some of the major factors driving the market across the region. The US accounts for the largest market share in the North America region due to the presence of advanced technologies and companies are heavily investing in spear phishing protection market for the development of various software solutions.
Top factors driving the market growth include:
- Community issues like poverty
- The over population growth, and use of advanced technology
- Increased cybercrime activities in Asia and Latin America
Key Developments:
According to 2021 IBM X-Force Threat Intelligence Index Report, phishing and malware will continue to be unremitting threats. The Anti-Phishing Working Group (APWG) reported that from July to September 2021, over 80,000 phishing sites were present, with more than 70% of all cyber attacks targeting mainly thses sectors: SaaS/webmail, payment industry and financial institutions.
Additioanlly, Europol freshly unconfined a report attentive on spear phishing, top results show that the there is an increase in phishing websites number, and has touched new levels. Europol discovered that more than 65 percent of cyber attacks comprised spear phishing as the prime infection source.
According to a news report, spear phishing and business email compromise are giant businesses, with business email compromise fraud costing overall United States businesses more than US$1.2 billion in year 2020. Such enormous loots have incentivized scammers to expand targeted phishing spasms and enlarge their operations.
Top Players:
- Cisco Systems Inc.
- Votiro Inc.
- IronScales Ltd.
- GreatHorn Inc.
- Check Point Software Technologies Ltd.
- Forcepoint
- Sophos Ltd.
- McAfee LLC
- Barracuda Networks Inc.
- BAE Systems
- RSA Security LLC
- Intel Corporation
- AO Kaspersky Lab
- Bitdefender
- Avira Operations GmbH & Co. KG.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Spear Phishing Protection market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Spear Phishing Protection market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Component
Solutions
Cloud
Hybrid
On-Premise
Services
Professional
Managed
Protection Type
Data Leak Protection
Email Encryption
Multi-Layered Malware Protection
Social Engineering Protection
Zero Day Prevention
Denial of Service Attack Protection
Ransomware Protection
End-User
BFSI
Defense
Healthcare
Government
Retail
Telecommunication
Media and Entertainment
Transportation
Others
Region Segment (2020-2030; US$ Billion)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Billion )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Spear Phishing Protection market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Spear Phishing Protection market?
- Which is the largest regional market for Spear Phishing Protection market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Spear Phishing Protection market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Spear Phishing Protection market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Spear Phishing Protection Market
- 2.2. Global Spear Phishing Protection Market, By Component , 2021 (US$ Billion)
- 2.3. Global Spear Phishing Protection Market, By Protection Type , 2021 (US$ Billion)
- 2.4. Global Spear Phishing Protection Market, By End-User , 2021 (US$ Billion)
- 2.5. Global Spear Phishing Protection Market, By Geography, 2021 (US$ Billion)
- 2.6. Attractive Investment Proposition by Geography, 2021
3. Spear Phishing Protection Market: Competitive Analysis
- 3.1. Market Positioning of Key Spear Phishing Protection Market Vendors
- 3.2. Strategies Adopted by Spear Phishing Protection Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2021 Versus 2030
4. Spear Phishing Protection Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Spear Phishing Protection Market Value, 2020 - 2030, (US$ Billion)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Solutions
- 5.3.1.1. Cloud
- 5.3.1.2. Hybrid
- 5.3.1.3. On-Premise
- 5.3.2. Services
- 5.3.2.1. Professional
- 5.3.2.2. Managed
6. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Data Leak Protection
- 6.3.2. Email Encryption
- 6.3.3. Multi-Layered Malware Protection
- 6.3.4. Social Engineering Protection
- 6.3.5. Zero Day Prevention
- 6.3.6. Denial of Service Attack Protection
- 6.3.7. Ransomware Protection
7. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. BFSI
- 7.3.2. Defense
- 7.3.3. Healthcare
- 7.3.4. Government
- 7.3.5. Retail
- 7.3.6. Telecommunication
- 7.3.7. Media and Entertainment
- 7.3.8. Transportation
- 7.3.9. Others
8. North America Spear Phishing Protection Market, 2020-2030, USD (Billion)
- 8.1. Market Overview
- 8.2. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 8.3. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 8.4. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 8.5.Spear Phishing Protection Market: By Region, 2020-2030, USD (Billion)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 8.5.1.1.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 8.5.1.1.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 8.5.1.2. Canada
- 8.5.1.2.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 8.5.1.2.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 8.5.1.2.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 8.5.1.3.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 8.5.1.3.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
9. UK and European Union Spear Phishing Protection Market, 2020-2030, USD (Billion)
- 9.1. Market Overview
- 9.2. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.3. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.4. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.Spear Phishing Protection Market: By Region, 2020-2030, USD (Billion)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.1.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.1.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.1.2. Germany
- 9.5.1.2.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.2.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.2.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.1.3. Spain
- 9.5.1.3.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.3.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.3.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.1.4. Italy
- 9.5.1.4.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.4.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.4.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.1.5. France
- 9.5.1.5.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.5.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.5.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 9.5.1.6.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 9.5.1.6.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
10. Asia Pacific Spear Phishing Protection Market, 2020-2030, USD (Billion)
- 10.1. Market Overview
- 10.2. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.3. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.4. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.Spear Phishing Protection Market: By Region, 2020-2030, USD (Billion)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.1.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.1.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.1.2. Japan
- 10.5.1.2.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.2.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.2.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.1.3. India
- 10.5.1.3.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.3.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.3.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.1.4. Australia
- 10.5.1.4.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.4.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.4.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.5.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.5.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 10.5.1.6.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 10.5.1.6.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
11. Latin America Spear Phishing Protection Market, 2020-2030, USD (Billion)
- 11.1. Market Overview
- 11.2. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 11.3. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 11.4. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 11.5.Spear Phishing Protection Market: By Region, 2020-2030, USD (Billion)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 11.5.1.1.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 11.5.1.1.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 11.5.1.2.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 11.5.1.2.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 11.5.1.3.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 11.5.1.3.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
12. Middle East and Africa Spear Phishing Protection Market, 2020-2030, USD (Billion)
- 12.1. Market Overview
- 12.2. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 12.3. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 12.4. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 12.5.Spear Phishing Protection Market: By Region, 2020-2030, USD (Billion)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 12.5.1.1.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 12.5.1.1.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 12.5.1.2. Africa
- 12.5.1.2.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 12.5.1.2.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 12.5.1.2.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Spear Phishing Protection Market: By Component , 2020-2030, USD (Billion)
- 12.5.1.3.1. Spear Phishing Protection Market: By Protection Type , 2020-2030, USD (Billion)
- 12.5.1.3.1. Spear Phishing Protection Market: By End-User , 2020-2030, USD (Billion)
13. Company Profile
- 13.1. Cisco Systems Inc.
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. IronScales Ltd.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. GreatHorn Inc.
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Check Point Software Technologies Ltd.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Forcepoint
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Sophos Ltd.
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. McAfee LLC
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Barracuda Networks Inc.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. BAE Systems
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. RSA Security LLC
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Intel Corporation
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. AO Kaspersky Lab
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Bitdefender
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
- 13.14. Avira Operations GmbH & Co. KG
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives