Spear Phishing Protection Market Analysis

End-user (BFSI, Government & Defense, Healthcare, Telecommunication, Retail, Media & Entertainment, Transportation)

The global spear phishing protection market is segmented and analyzed for demand and supply by end users into BFSI, government & defense, healthcare, telecommunication, retail, media & entertainment, transportation, and others. Out of this, the BFSI segment is anticipated to account for the largest market share in the forecast period. In 2021, around five thousand cases of banking fraud were reported in the Asia Pacific region. This can be attributed owing to the growing number of cyber-crimes activities accounted for in the BFSI sector. In most cases, it is done with the help of social media or email. Hackers generally hack the official server and steal confidential and significant data from there, and then they sell that information in the market for hefty tons of money.

Component (Solutions, Services)

The global market of spear phishing protection is segmented and analyzed for demand and supply by component into services (Professional and Manual or Managed) and solutions (Cloud, Hybrid, and On-premises). Out of which, the solution segment is anticipated to account for the largest market share in the forecast period. The growth of this segment can be attributed to the demand of this market in the end-user industries such as BFSI, healthcare, defense, and retail sector to enhance their IT efficiency. The segment keeps an eye on the inbound and outbound email system and also makes sure the data is not shared illegally with any unauthorized sources. The solution segment includes prevention from data loss, spam filtering, intelligence risk, email authentication, malware attack warning, and email archiving.

Our in-depth analysis of the global market includes the following segments:

By Component	Services (Professional and Manual or Managed) Solutions (Cloud, Hybrid, and On-premises)
By Protection Type	Data Leak Protection Email Encryption Zero-Day Prevention Ransomware Protection Multi-Layer Malware Protection Social Engineering Protection Denial of Service Attack Protection
By End User	BFSI Government & Defense Healthcare Telecommunication Retail Media & Entertainment Transportation Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of spear phishing protection is assessed at USD 1.1 Billion.

The spear phishing protection market size was valued at USD 1 Billion in 2023 and is likely to cross USD 2.72 Billion by the end of 2036, expanding at more than 8.9% CAGR during the forecast period i.e., between 2024-2036. The rising prevalence of spear phishing, among other cyberattacks, the growing demand for efficient cloud email security solutions and services, and high investment in cyber security technologies are a few of the important factors responsible for the growth of this market.

North American industry is estimated to have the highest growth through 2036, driven by high investment of leading companies in cyber security systems.

Microsoft Corporation, BAE Systems, Barracuda Networks Inc., FireEye, Inc., Cisco Systems, Proofpoint, GreatHorn, Inc., Phishlabs, Intel Corporation, Symantec Corporation, Mimecast Ltd., Cofense Inc.

Spear Phishing Protection Market Analysis