Spear Phishing Protection Market Scope
Spear Phishing is an email targeted at a specific individual or department with a purpose to steal sensitive information such as account credentials or financial information, often for malicious reasons. These attacks are carefully designed to elicit a specific response from a specific target. These attacks are difficult to detect as they are designed to pass security checks and go undetected. The organization is now adopting various security protections against spear phishing. The rise of spear-phishing email attacks is boosting the market growth.
According to AMA, the Global Spear Phishing Protection market is expected to see growth rate of 11.31%
The growing penetration of technologies such as AI, IoT, and Could has increased the market demand for spear phishing protection. These providers of spear phishing protection help the industries to eliminate the spear-phishing attacks. To gain a competitive edge in the market, the providers need to develop innovative solutions and stay updated with the emerging technologies that could influence their service lines. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Spear Phishing Protection market throughout the predicted period.
Microsoft Corporation (United States), BAE Systems (United Kingdom), Barracuda Networks Inc. (United States), FireEye Inc. (United States), Checkpoint Software Technologies Ltd. (United States), Cisco Systems Inc. (United States), Proofpoint (United States), Forcepoint LLC. (United States), GreatHorn, Inc. (United States), Intel Corporation (United States), RSA Security LLC. (United States), Symantec Corporation (United States), Mimecast Ltd. (United Kingdom) and Phishlabs (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Spear Phishing Protection market by Type (Data Leak Protection, Email Encryption, Multi-Layered Malware Protection, Social Engineering Protection, Zero Day Prevention, Denial of Service Attack Protection and Ransomware Protection), by Application (BFSI, Government, Defense, Healthcare, Telecommunication and IT, Transportation, Education and Retail) and Region with country level break-up.
On the basis of geography, the market of Spear Phishing Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Trend of Predictive Analytics
Market Drivers
- Increasing Number of Spear Phishing Attacks
- Adoption of BYOD Policy in Organizations
- Boom of Internet Users Globally
Opportunities
- Stringent Government Regulations and Compliances
- Growth of Cloud Email Security Solution
Restraints
- Lack of Awareness about Current Threats and Cyber-Attacks
Challenges
- Lack of IT and Cyber Security Skilled Personnel
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Spear Phishing Protection Providers, Cloud Service Providers, System Integrators, Third-Party Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry