Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Business Email Compromise (BEC) Market size is expected to reach $3.3 billion by 2028, rising at a market growth of 19.0% CAGR during the forecast period.
The Solutions segment is leading the Global Business Email Compromise (BEC) Market by Offering in 2021, thereby, achieving a market value of $2.3 billion by 2028. The service aids businesses in preventing the compromise of corporate email, which can result in significant financial or reputational loss. Such combats business email compromise with a tiered cyber resilience solution, in contrast to manufacturers of standalone security or backup products.
The On-premises market is experiencing a CAGR of 17.7% during (2022 - 2028). It is owing to the growing acceptance of on-premise solutions and services among enterprises because they are considered safe from any cyber breach. Along with that, the increase in the investment by the companies on building a strong security infrastructure, which is contributing to the growth of the segment over the forecast period.
The Large Enterprises is generating high revenue in the Global Business Email Compromise (BEC) Market by Organization Size in 2021, thereby, achieving a market value of $2.1 billion by 2028. BEC solutions are being widely adopted by businesses. Most of them are publicly traded businesses with over 1,000 workers. Large businesses typically have a complicated network and extensive infrastructure.
The IT & ITeS market would showcase a CAGR of 17.9% during (2022 - 2028). It is due to the rapid technological advancements in the IT sector across the world, along with that, the high focus of companies on digitalization. In addition, IT companies are more prone to face such issues and thus, it becomes extremely important for the companies to adopt BEC.
The North America market acquired maximum revenue in the Global Business Email Compromise (BEC) Market by Region in 2021, thereby, achieving a market value of $1.1 billion by 2028. The Europe market is experiencing a CAGR of 18.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 20% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Mode
By Organization Size
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