Spear Phishing Protection Market Regional Analysis:
North American Market Insights
North America industry is expected to account for largest revenue share of 37% by 2035, The market in the North American region is estimated to witness the largest growth over the forecast period. This can be attributed to the back of enhanced digitization in the region and the high investment of leading companies in cyber security systems. Besides key market players, the government authorities of the region are also initiating the development of cybercrime systems. For instance, The President's budget for FY19 consists of USD 15 billion in budget authority for cyber-related activities, which is more than the last year. Also, growing digitalization, online browsing, and email accessibility in smartphones in the region are a few significant factors driving the growth of this market in the North American region.
APAC Market Insights
Additionally, it is anticipated that during the forecast period, the Asia Pacific spear phishing prevention market will expand significantly. The rise in cyberattacks and data theft is to blame for this expansion, which has seen a sharp rise in the use of security tools including email encryption, ransomware defense, and zero-day prevention. Additionally, the region has seen a growth in the use of mobile devices, which has raised the danger of data theft from these devices. The development of government organizations' digital infrastructure through the use of cloud services and BYOD guidelines is another trend that is expected to contribute to the region's growth over the course of the projection period.
Europe Market Insights
The Europe spear phishing market is estimated to be registering a significant share by the end of 2035. This can be attributed owing to the increasing adoption of advanced cybersecurity solutions. Moreover, increasing digitization in the region may lead to a rise in demand for cyber security services or solutions, which could boost the global spear phishing protection market further.
