Business Email Compromise Market size expected to hit USD 3.96 Bn by 2029 from USD 1.15 Bn in 2022 at a CAGR of 19.3% during the forecast period

Business Email Compromise Market Overview:

In-depth market forecasting and analysis reveal a promising trajectory for the global Business Email Compromise market, with projections spanning from 2021 to 2027. The market is poised for substantial growth, driven by heightened demand for Business Email Compromise.

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Business Email Compromise Market Report Scope:

This comprehensive report provides a thorough examination of current and emerging trends in the Business Email Compromise market. With a focus on key product positions and competitor strategies, the analysis encompasses technology, end-user, and type categories, offering insights into the entire Business Email Compromise market environment.

Business Email Compromise Market Research Methodology:

A sort of cybercrime known as a Business Email Compromise (BEC) occurs when phishers use emails to mislead people into sending money or divulging private company information. Since email is the first port of entry for 91 percent of cyberattacks, the business email compromise market is predicted to rise as a result of more people working remotely. 

Business Email Compromise Market Dynamics:

People are becoming more and more desperate in the United States due to rising inflation, rising unemployment rates, and unstable economies. These elements are the main causes of the rise in cybercrimes, including business email compromise, and it is anticipated that they will also drive the market for corporate email compromise.

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Business Email Compromise Market Segmentation:

by Types of Scams

1.Data Theft
2.False Invoice Scheme
3.CEO fraud
4.Lawyer Impersonation
5.Accounts Compromise

by Offering

1.Solutions
2.Services

by Deployment Mode

1.Cloud
2.On-Premise

by Applications

1.BFSI
2.Government
3.IT & ITeS
4.Energy and Utilities
5.Manufacturing
6.Retail and eCommerce
7.Healthcare
8.Other Applications

by Organization Size

1.SMEs
2.Large Enterprises

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
25. Vade

Business Email Compromise Market Regional Insights:

The regional segment delves into individual market influencers, changes in market laws, and global players' presence and challenges. It incorporates downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies to anticipate market scenarios across regions.

Business Email Compromise Market COVID-19 Impact Analysis:

Highlighting the significant influence of the COVID-19 pandemic on the global Business Email Compromise market, the report discusses production halts, manpower shortages, and the ensuing economic slump. Anticipating a transient impact, the report forecasts a revival in early 2021 due to increased demand for Business Email Compromise.

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Business Email Compromise Market Key Questions Answered:

• Which segment dominated the Business Email Compromise market share?
• What was the competitive scenario in the Business Email Compromise market in 2020?
• What are the key growth factors for the Business Email Compromise market?
• Which region held the largest share in the Business Email Compromise market in 2020?

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