The Asia Pacific Business Email Compromise (BEC) Market would witness market growth of 20.0% CAGR during the forecast period (2022-2028).
Due to the absence of malware, bad URLs, risky email attachments, and other components that an email security filter might detect, BEC attacks are particularly dangerous. BEC attacks often use text-only emails, which allows attackers to blend in with legitimate email traffic. BEC emails are particularly created to deceive the receiver into reading them and acting on the content they contain, in addition to getting past email security filters. Attackers personalize emails to make them relevant to the intended organization. The attacker can pose as someone with whom the intended victim frequently exchanges emails. Even in the midst of an existing email thread, certain BEC attacks occur.
The email may appear to originate from a valid email address due to BEC attacks' ability to send harmful messages on a user's behalf without that person's awareness. Email security filters may become aware of an attack in progress if there are unusual increases in email traffic. However, BEC attacks are incredibly low volume, frequently containing just one or two emails. They can be done without causing an increase in email traffic. A BEC campaign can frequently alter its originating IP address owing to the low volume, which makes it more challenging to halt the campaign.
Each of India's biggest significant growth drivers has developed as the information technology sector grows. The sector not only helps India's economy but also enhances the quality of life for its citizens by making both direct and indirect contributions to various socioeconomic factors, like living standards, employment, and diversity, among many others. The sector has greatly supported India's shift by offering top-notch technological solutions and marketing services. The demand for different cutting-edge solutions, such as BEC solutions, will increase during the projection period as a result of the region's increasing digitalization.
The China market dominated the Asia Pacific Business Email Compromise (BEC) Market by Country in 2021, thereby, achieving a market value of $283.9 million by 2028. The Japan market is experiencing a CAGR of 19.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 20.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & eCommerce, Manufacturing, Government, Energy & Utilities, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Business Email Compromise (BEC) Market is Projected to reach USD 3.3 Billion by 2028, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Check Point Software Technologies Ltd., Broadcom, Inc., Fortinet, Inc., Cisco Systems, Inc., Trend Micro, Inc., Proofpoint, Inc., Mimecast Limited, Barracuda Networks, Inc. (Thoma Bravo), Agari (HelpSystems, LLC) and Zix Corporation.
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