Business Email Compromise Market worth $2.8 billion by 2027 – Exclusive Report by MarketsandMarkets

The global BEC market size is expected to grow from an estimated value of $1.1 billion in 2022 to $2.8 billion by 2027, at a CAGR of 19.4%

CHICAGO, ILLINOIS, UNITED STATES, July 14, 2023/EINPresswire.com/ — According to a research report the global Business Email Compromise Market size is expected to grow from an estimated value of USD 1.1 billion in 2022 to USD 2.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.4% from 2022 to 2027, according to a new report by MarketsandMarkets.

Growing incidents of business email compromise scams and spear-phishing attacks, huge financial losses due to BEC crimes, and stringent regulatory standards and data privacy compliances are some of the factors that are driving the market growth.

Browse in-depth TOC on “Business Email Compromise Market”

261 – Tables

45 – Figures

227 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162703497

By deployment mode, cloud segment to hold a larger market size during the forecast period

Companies have increasingly turned to the cloud for their email solution. This trend has been witnessed by cybercriminals or attackers and are finding ways to access email hosted in the cloud. Businesses are proactively deploying cloud-based BEC solutions for remotely protecting end users from phishing emails. Enterprises are seeking cloud-based BEC solutions to enable cost-effectiveness, rapid deployment, and on-demand access to expertise for mitigating advanced threats on email platforms. Small and medium-sized companies often rely on cloud BEC security from providers. All incoming and outgoing emails pass through the provider’s servers. Cloud-based BEC services provide security features, such as advanced phishing protection and MFA, which are either not enabled by default or are only available at additional cost depending upon the vendor.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=162703497

By vertical, healthcare segment to grow at the highest CAGR during the forecast period

The healthcare sector is constantly focusing on enhancing services delivered to patients. While delivering the best services to patients and staff, clinics, and hospitals must assess and control various risks with regards to patient safety, federal regulations, and medical errors. Medical records fetch around USD 429 per record in the black market, making the healthcare vertical a lucrative target for ransomware, APTs, and malware attacks. BEC solutions have emerged as a valid solution to address issues, such as data security, patient safety, and enhanced productivity, to accelerate the overall process. During the COVID-19 pandemic, in phishing emails, fraudsters have been impersonating World Health Organization (WHO) and the Centers for Disease Control (CDC). The mails were aimed at disseminating ransomware and other malicious code through attachments purporting to contain important information about the virus. More than 1,200 hospitals in the US have partnered with Zix to maintain HIPAA compliance. According to research by Paubox, 39% of all HIPAA breaches occurred via emails. Government regulations such as HIPAA and Health Information Technology for Economic and Clinical Health (HITECH) have resulted in the rapid adoption of BEC solutions in the healthcare vertical.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=162703497

By region, North America to hold the largest market size during the forecast period

North America is estimated to account for the highest market share in the BEC market. The region has some of the prominent vendors that offer BEC solutions and services; some of them are Proofpoint, Cisco, Broadcom, Zix, Barracuda Networks, among others. The PCI DSS, HIPAA, GLBA, SOX, and other regulatory compliances help organizations in protecting the sensitive data of their customers. These regulations play an important role in promoting the adoption of BEC solutions and services among end users. The adherence to compliance and regulations, increasing BEC frauds, growth in the adoption of mobile and other connected devices, and increasing internet usage are the factors driving the growth of the BEC market in the region. Countries analyzed for the BEC market in this region are the US and Canada.

Top Key Companies in Business Email Compromise Market:

Major vendors in the global BEC market include Proofpoint (US), Mimecast (UK), Check Point (Israel), Cisco (US), Broadcom (US), Agari (US), Trend Micro (Japan), Zix (US), Barracuda Networks (US), GreatHorn (US), IRONSCALES (US), Area 1 Security (US), Clearswift (UK), Fortinet (US), Tessian (US), Terranova Security (Canada), ZeroFox (US), Heimdal Security (Denmark), Acronis (Switzerland), PhishLabs (US), Redscan (UK), Armorblox (US), Cellopoint (Taiwan), Trustifi (US), and Abnormal Security (US).

Related Reports:

Blockchain Supply Chain Market by Offering (Platform, Services), Type (Public, Private, and Hybrid and Consortium), Provider, Application (Asset Tracking, Smart Contracts), Enterprise Size, Vertical (FMGC, Healthcare), and Region – Global Forecast to 2026

https://www.marketsandmarkets.com/Market-Reports/blockchain-supply-chain-market-90851499.html

Green Technology and Sustainability Market by Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing), Application (Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting), Component and Region – Global Forecast to 2027

https://www.marketsandmarkets.com/Market-Reports/green-technology-and-sustainability-market-224421448.html

Embedded AI Market by Offering (Hardware, Software, Services), Data Type (Numerical Data, Categorical Data, Image & Video Data), Vertical (Automotive, Manufacturing, Healthcare & Life Sciences, Telecom), and Region – Global Forecast to 2028

https://www.marketsandmarkets.com/Market-Reports/embedded-ai-market-261207150.html

Retail Cloud Market by Component (Solutions and Services), Service Model (SaaS, PaaS, and IaaS), Deployment Model (Public, Private, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises) and Region – Global Forecast to 2028

https://www.marketsandmarkets.com/Market-Reports/retail-cloud-market-27978752.html

Social and Emotional Learning Market by Component, Solution (Social and Emotional Learning Platform, Social and Emotional Learning Assessment Tool), Service, User, Type (Web-based, Application) and Region – Global Forecast to 2027

https://www.marketsandmarkets.com/Market-Reports/social-emotional-learning-market-245017024.html

About MarketsandMarkets

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/business-email-compromise-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/business-email-compromise.asp

MarketsandMarkets Research Pvt Ltd
MarketsandMarkets INC.
+ +1 888-600-6441
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Instagram
YouTube