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  • Spear Phishing Market is projected to grow from $840.7 Million to $1401.6 Million at CAGR of 10.08% from 2017 to 2022

    (I-SoftwareNews.Com, September 12, 2019 ) According to new market research report on "Spear Phishing Market by Component (Solutions, Services), Deployment Type (Cloud, Hybrid, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, Government & Defense, Critical Infrastructure), and Region - Global Forecast to 2022", The spear phishing market is projected to grow from an estimated USD 840.7 Million in 2017 to USD 1,401.6 Million by 2022, at a CAGR of 10.8% from 2017 to 2022.
    Browse and in-depth TOC on “Spear Phishing Market”
    47 - Tables
    71 - Figures
    130 - Pages

    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40170076

    The market is primarily driven by the increasing spear phishing attacks, increasing adoption of BYOD policy in organizations and the growth of cloud email security solutions. Moreover, rising cyber threats to critical infrastructure, and the growing volume of digital data, is driving the adoption of spear phishing solutions.
    Based on component, the solutions segment is expected to grow at the highest CAGR during the forecast period
    Based on component, the spear phishing market has been segmented into solutions and services. The solutions segment is expected to grow at the highest CAGR from 2017 to 2022. Solutions provide filtering spam, data loss prevention, email encryption, threat intelligence, email archiving, and alerts for malware attacks, which is driving the growth of the solutions segment of the spear phishing market.
    Based on vertical, the critical infrastructure segment is projected to grow at the highest CAGR during the forecast period
    Based on vertical, the critical infrastructure segment is estimated to grow at the highest CAGR in the spear phishing market. The critical infrastructure industry vertical includes energy grid plants, nuclear plants, and water facilities. The demand in this segment can be primarily attributed to the rise in investments for technological and security based solutions.
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    Latin America spear phishing market estimated to grow at the highest CAGR during the forecast period
    The spear phishing market has been studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The highest growth rate of the Latin America region can be attributed to the increasing use of mobile devices in this region, as also rise in demand for solutions from BFSI and other verticals is driving the spear phishing market in this region. Countries such as Mexico, Brazil, Argentina, Chile, Panama, and Venezuela are expected to witness high growth rates in the spear phishing market.
    Major players in this market include Bae Systems PLC (U.K.), Barracuda Networks, Inc. (U.S.), Cisco Systems, Inc (U.S.), Forcepoint, LLC (U.S.), GreatHorn, Inc. (U.S.), Intel Security (U.S.), Microsoft Corporation (U.S.), and Proofpoint, Inc. (U.S.), among others.
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    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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