Business Email Compromise Market size, scope, growth prospects, manufacturer trends, and forecast through 2030 #1084

Global Business Email Compromise Market Forecast to 2030

The Business Email Compromise Market report will provide readers, stakeholders, and businesses with in-depth information about market size, revenue growth, and general industry dynamics in order to help them better position themselves in the global Business Email Compromise Market. It offers thorough information on significant considerations, constraints, limitations, and issues in addition to market segmentations based on factors like product type, application, and regional bifurcation.

The global Business Email Compromise (BEC) market size is expected to reach USD 4.79 billion at a steady revenue CAGR of 19.4% in 2030, according to the latest analysis by Emergen Research. The growing scale of business email compromise scams and spearphishing attacks is a major factor driving market revenue growth. Business Email Compromise (BEC) is a type of phishing scam in which an executive's email account is impersonated or compromised to trick the victim into starting a wire transfer or disclosing critical information. Social engineering and spearphishing are key components of this attack, which frequently targets individuals who manage sensitive company information, conduct purchases, or have other fiduciary responsibilities. BEC schemes frequently begin with a phishing email designed to gain unauthorized access to the account of a targeted employee. The attacker can send the targeted employee a number of emails to establish a rapport of trust. These emails typically do not have links or attachments, but they nevertheless provide a risk as they give the attacker access to internal sources. Scammers can ask about payments or personal information while posing as reputable suppliers or workers, while employees will get emails or phone calls from scammers using embedded contact lists, building their trust.

Download Free Sample Report of Global Business Email Compromise Market @ https://www.emergenresearch.com/request-sample/1405

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

Proofpoint, Mimecast Services Limited, Check Point Software Technologies Ltd., Cisco Systems, Inc., Broadcom, Fortra, LLC, Trend Micro Incorporated, Zix Corporation, Barracuda Networks, Inc., and GreatHorn, Inc

Market Dynamics:

The report offers insightful information about the market dynamics of the Business Email Compromise market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Business Email Compromise market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Business Email Compromise market.

Radical Highlights of the Business Email Compromise Market Report:

Comprehensive overview of the Business Email Compromise market along with analysis of the changing dynamics of the market

Growth Assessment of various market segments throughout the forecast period

Regional and global analysis of the market players, including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of the technological developments and R&D advancements on the Business Email Compromise market

Information about profit-making strategies and developmental strategies of major companies and manufacturers

Insightful information for the new entrants willing to enter the market

Details and insights about business expansion strategies, product launches, and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Browse Full Report Description + Research Methodology + Table of Content + Infographics , visit @ https://www.emergenresearch.com/industry-report/business-email-compromise-market

Some Key Highlights From the Report

On 25 February 2020, Proofpoint, Inc., a leading cybersecurity and compliance company released the first integrated, end-to-end solutions to address Business Email Compromise (BEC) and Email Account Compromise (EAC) attacks. These solutions combine Proofpoint's top secure email gateway, advanced threat protection, threat response, email authentication, security awareness training, and cloud account protection. In addition, Proofpoint announced a number of improvements to its Proofpoint Cloud App Security Broker (CASB) to protect cloud applications that employees use on a daily basis, including Amazon Web Services, Box, Google G Suite, Microsoft Office 365, and Slack. This will aid organizations in thwarting sophisticated cyberattacks that use both email and cloud vectors.

The solutions segment is expected to lead in terms of revenue share in the global market over the forecast period. Use of BEC solutions has a number of advantages such as ability to dynamically detect and block specific corporate email intrusion types, recognize a variety of BEC tactics including use of fictitious supplier domains and compromised supplier accounts, notify recipients of email's source, tag any external emails, assess the urgency of an email by looking at its header, sender's IP, reputation, and other data, use advanced BEC defense, and utilize a detection engine based on Machine Learning (ML).

The on-premises segment is expected to account for large revenue share over the forecast period. On-premises is a more traditional alternative, in which emails are sent, received, and archived on real servers located on-premises. These servers are frequently owned and run by domain owner. For instance, government organizations favor internal servers over external servers controlled by external services. This is particularly true for larger businesses or organizations that have serious security issues. Most of this internal server's housing is on-site.

The Banking, Financial Service, and Insurance (BFSI) segment is expected to account for large revenue share over the forecast period owing to increasing need for BEC solutions. A successful callback procedure can help stop these scams in their tracks. Business Email Compromise (BEC) is still a common technique used by competent hackers to steal substantial sums of money from businesses of all kinds. New payment requests, requests to open new bank accounts, modifications to payment instructions, and changes to contact information all require a call from an employee, typically a member of payments team. Any losses arising from payments made using the security credentials of authorized users or those of other individuals with designated transaction authorization are the responsibility of commercial banking clients.

The North America market is expected to account for largest revenue share during the forecast period, which is attributed to increasing BEC related crimes in countries in this region. For instance, on November 18, 2022, the U.S. Department of Justice announced charges against 10 defendants in several states in connection with a number of Business Email Compromise (BEC), money laundering, and wire fraud schemes that were targeted at Medicare, state Medicaid programs, private health insurers, and numerous other targets and resulted in losses totaling over USD 11.1 million. The accusations mainly stem from BEC schemes, in which people pretending to be business partners are accused of defrauding victims by deceptively transferring money from their bank accounts into accounts they or their conspirators controlled (sometimes by hiring ‘money mules’) using spoofed email addresses, bank account takeovers, and other deceptive techniques to make victims believe they were sending genuine payments.

Business Email Compromise Market Segmentation:

Market Overview:

The report bifurcates the Business Email Compromise market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Offering Outlook (Revenue, USD Million; 2019–2030)

Solutions

Services

Deployment Mode Outlook (Revenue, USD Million; 2019–2030)

Cloud

On-Premises

Vertical Outlook (Revenue, USD Million; 2019–2030)

BFSI

Government

IT & ITES

Energy & Utilities

Healthcare

Retail & E-Commerce

Manufacturing

Other Verticals

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the Business Email Compromise Market report is an exhaustive database that will help readers formulate lucrative strategies. The Business Email Compromise Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Business Email Compromise market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Business Email Compromise with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

Request Customization as per your specific requirement @ https://www.emergenresearch.com/request-for-customization/1405

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Latest Report: Millimeter Wave Fifth Generation Market, Surface Acoustic Wave Filters Market

Trending Title: Photoelectric Sensor Market, Medical Display Market

Global Business Email Compromise Market Forecast to 2030 The Business Email Compromise Market report will provide readers, stakeholders, and businesses with in-depth information about market size, revenue growth, and general industry dynamics in order to help them better position themselves in the global Business Email Compromise Market. It offers thorough information on significant considerations, constraints, limitations, and issues in addition to market segmentations based on factors like product type, application, and regional bifurcation. The global Business Email Compromise (BEC) market size is expected to reach USD 4.79 billion at a steady revenue CAGR of 19.4% in 2030, according to the latest analysis by Emergen Research. The growing scale of business email compromise scams and spearphishing attacks is a major factor driving market revenue growth. Business Email Compromise (BEC) is a type of phishing scam in which an executive's email account is impersonated or compromised to trick the victim into starting a wire transfer or disclosing critical information. Social engineering and spearphishing are key components of this attack, which frequently targets individuals who manage sensitive company information, conduct purchases, or have other fiduciary responsibilities. BEC schemes frequently begin with a phishing email designed to gain unauthorized access to the account of a targeted employee. The attacker can send the targeted employee a number of emails to establish a rapport of trust. These emails typically do not have links or attachments, but they nevertheless provide a risk as they give the attacker access to internal sources. Scammers can ask about payments or personal information while posing as reputable suppliers or workers, while employees will get emails or phone calls from scammers using embedded contact lists, building their trust. Download Free Sample Report of Global Business Email Compromise Market @ https://www.emergenresearch.com/request-sample/1405 Competitive Landscape: Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals. Key Companies Profiled in the Report: Proofpoint, Mimecast Services Limited, Check Point Software Technologies Ltd., Cisco Systems, Inc., Broadcom, Fortra, LLC, Trend Micro Incorporated, Zix Corporation, Barracuda Networks, Inc., and GreatHorn, Inc Market Dynamics: The report offers insightful information about the market dynamics of the Business Email Compromise market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Business Email Compromise market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Business Email Compromise market. Radical Highlights of the Business Email Compromise Market Report: Comprehensive overview of the Business Email Compromise market along with analysis of the changing dynamics of the market Growth Assessment of various market segments throughout the forecast period Regional and global analysis of the market players, including their market share and global position Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market Impact of the technological developments and R&D advancements on the Business Email Compromise market Information about profit-making strategies and developmental strategies of major companies and manufacturers Insightful information for the new entrants willing to enter the market Details and insights about business expansion strategies, product launches, and other collaborations The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis Browse Full Report Description + Research Methodology + Table of Content + Infographics , visit @ https://www.emergenresearch.com/industry-report/business-email-compromise-market Some Key Highlights From the Report On 25 February 2020, Proofpoint, Inc., a leading cybersecurity and compliance company released the first integrated, end-to-end solutions to address Business Email Compromise (BEC) and Email Account Compromise (EAC) attacks. These solutions combine Proofpoint's top secure email gateway, advanced threat protection, threat response, email authentication, security awareness training, and cloud account protection. In addition, Proofpoint announced a number of improvements to its Proofpoint Cloud App Security Broker (CASB) to protect cloud applications that employees use on a daily basis, including Amazon Web Services, Box, Google G Suite, Microsoft Office 365, and Slack. This will aid organizations in thwarting sophisticated cyberattacks that use both email and cloud vectors. The solutions segment is expected to lead in terms of revenue share in the global market over the forecast period. Use of BEC solutions has a number of advantages such as ability to dynamically detect and block specific corporate email intrusion types, recognize a variety of BEC tactics including use of fictitious supplier domains and compromised supplier accounts, notify recipients of email's source, tag any external emails, assess the urgency of an email by looking at its header, sender's IP, reputation, and other data, use advanced BEC defense, and utilize a detection engine based on Machine Learning (ML). The on-premises segment is expected to account for large revenue share over the forecast period. On-premises is a more traditional alternative, in which emails are sent, received, and archived on real servers located on-premises. These servers are frequently owned and run by domain owner. For instance, government organizations favor internal servers over external servers controlled by external services. This is particularly true for larger businesses or organizations that have serious security issues. Most of this internal server's housing is on-site. The Banking, Financial Service, and Insurance (BFSI) segment is expected to account for large revenue share over the forecast period owing to increasing need for BEC solutions. A successful callback procedure can help stop these scams in their tracks. Business Email Compromise (BEC) is still a common technique used by competent hackers to steal substantial sums of money from businesses of all kinds. New payment requests, requests to open new bank accounts, modifications to payment instructions, and changes to contact information all require a call from an employee, typically a member of payments team. Any losses arising from payments made using the security credentials of authorized users or those of other individuals with designated transaction authorization are the responsibility of commercial banking clients. The North America market is expected to account for largest revenue share during the forecast period, which is attributed to increasing BEC related crimes in countries in this region. For instance, on November 18, 2022, the U.S. Department of Justice announced charges against 10 defendants in several states in connection with a number of Business Email Compromise (BEC), money laundering, and wire fraud schemes that were targeted at Medicare, state Medicaid programs, private health insurers, and numerous other targets and resulted in losses totaling over USD 11.1 million. The accusations mainly stem from BEC schemes, in which people pretending to be business partners are accused of defrauding victims by deceptively transferring money from their bank accounts into accounts they or their conspirators controlled (sometimes by hiring ‘money mules’) using spoofed email addresses, bank account takeovers, and other deceptive techniques to make victims believe they were sending genuine payments. Business Email Compromise Market Segmentation: Market Overview: The report bifurcates the Business Email Compromise market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment. Segments Covered in this report are: Offering Outlook (Revenue, USD Million; 2019–2030) Solutions Services Deployment Mode Outlook (Revenue, USD Million; 2019–2030) Cloud On-Premises Vertical Outlook (Revenue, USD Million; 2019–2030) BFSI Government IT & ITES Energy & Utilities Healthcare Retail & E-Commerce Manufacturing Other Verticals Regional Segmentation; North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) In conclusion, the Business Email Compromise Market report is an exhaustive database that will help readers formulate lucrative strategies. The Business Email Compromise Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies. How will this Report Benefit you? A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Business Email Compromise market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Business Email Compromise with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity. Request Customization as per your specific requirement @ https://www.emergenresearch.com/request-for-customization/1405 Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs. Latest Blogs Published by Emergen Research: flying car market https://www.emergenresearch.com/industry-report/flying-car-market automotive navigation systems market https://www.emergenresearch.com/industry-report/automotive-navigation-systems-market long read sequencing market https://www.emergenresearch.com/industry-report/long-read-sequencing-market multichannel campaign management market https://www.emergenresearch.com/industry-report/multichannel-campaign-management-market lead free piezoelectric ceramic material market https://www.emergenresearch.com/industry-report/lead-free-piezoelectric-ceramic-material-market machine safety market https://www.emergenresearch.com/industry-report/machine-safety-market orthopedics diagnostic devices market https://www.emergenresearch.com/industry-report/orthopedics-diagnostic-devices-market Exosomes Market https://www.emergenresearch.com/industry-report/exosomes-market Digital Printing Market https://www.emergenresearch.com/industry-report/digital-printing-market Biometric System Market https://www.emergenresearch.com/industry-report/biometric-system-market About Us: Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. Contact Us: Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: sales@emergenresearch.com Visit for More Insights: https://www.emergenresearch.com/insights Explore Our Custom Intelligence services | Growth Consulting Services Latest Report: Millimeter Wave Fifth Generation Market, Surface Acoustic Wave Filters Market Trending Title: Photoelectric Sensor Market, Medical Display Market

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