Global spear phishing protection market to expand at a CAGR of 9.6% during the period from 2017 to 2025, rising to a valuation of US$1,839.8 mn by 2025.
Presently, rising number of cyber attacks across a number of industries such as banking and finance, retail, defense and consumer goods has brought a massive rise in demand for protection solutions against spear phishing. The spear phishing protection market, as a result, is expected to witness an increase in market growth between 2017 and 2025.
These findings have been clearly stated in a new study, added to the vast repository of Market Research Hub (MRH) and titled as "Spear Phishing Protection Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025". This 241-page report studies the historical performance of the spear phishing protection market to examine the market’s trajectory till the base year.
Further, forecasts for the global market growth from 2017 to 2025 are presented in the report.
Across the world, spear phishing protection is used to filter out all those unsolicited emails and protect an individual’s information from hackers. Presently, protection solutions and services offered by companies are being widely used by the enterprise sector to protect their digital assets from spams and thefts by offering email encryptions, email archiving, and prevention of data loss.
Considering the growing demand, analysts have anticipated that the spear phishing protection market is projected to expand at a CAGR of 9.6% during the forecast period from 2017 to 2025, in terms of revenue. At this pace, the market is projected to reach a valuation of US$1,839.8 mn by 2025.
Geographical Expansion and Segmental Analysis
Geographically, the global market for spear phishing protection is segmented into five major regions such as North America, South America, the Middle East and Africa (MEA), Europe and the Asia Pacific. Of these regions, North America region held the major market in 2016 and is expected to maintain its leading position in the spear phishing protection market due to huge investment by leading manufacturers in technological up gradation in cyber security protection system.
Europe is also a matured market for cyber security protection systems and is estimated to lead to promising growth avenues in the coming years.
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Moving further, the study also offers insights about the global market in the form of a segmentation analysis. It has been characterized on the basis of component, protection type and end-use industry.
On the basis of protection type, the market is categorized into data leak protection, email encryption, multi-layered malware protection, social engineering protection, zero-day prevention and others. Of these, the segment of email encryption held the dominant share in 2016 and is forecast to see a steady rise in its overall revenue share through 2025.
Based on component, the market has been classified into solutions and services.
As the report concludes, the competitive landscape is emphasized which focuses on the major players from the global spear phishing protection market. Key players include GreatHorn, Inc., Microsoft Corporation, Intel Corporation, Symantec Corporation, BAE Systems, Mimecast Ltd., Cisco Systems Inc., FireEye Inc., Proofpoint, Inc., and Phishlabs.
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