Global Spear Phishing Protection Market Prospects & Upcoming Trends and Opportunities Analyzed for Coming Years

Posted on 2018-04-09 by Mark Hub in Technology // 0 Comments

Albany, USA, 2018-Apr-09 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Spear Phishing Protection Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Spear Phishing Protection market have been elaborated upon in the research report.

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Spear phishing is an email phishing attack that targets an individual or a particular organization, to gain access to confidential information or sensitive data. Spear phishing attempts are more likely to be conducted by convicts for acquiring trade secrets, financial data, or military information. Spear phishing protection is used to filter out all those unsolicited emails and protect an individual’s information from hackers. Factors such as the rising adoption of cloud email security solutions, rising number of cybercrimes in different end use industries such as banking and financial sector, defense, healthcare and retail sector, and rise in internet penetration across the world have led to the expansion of the spear phishing protection market.

Moreover, rise in BYOD applications is one of leading factors responsible for the growth of spear phishing protection market over the forecast period. The spear phishing protection market, as a result, is expected to witness an increase in market growth between 2017 and 2025. However, lack of proper knowledge and awareness about cyber-attacks is anticipated to hinder the growth of the spear phishing protection market.

The report states that the global spear phishing protection market stood at US$ 817.2 mn in 2016. The study projects the global spear phishing protection market to expand at a CAGR of 9.6% during the period from 2017 to 2025, rising to a valuation of US$1,839.8 mn by 2025.

Cloud-based Solutions to See Massive Rise in Adoption

Based on component, the spear phishing protection market is segmented into solutions and services. Solutions segment is further sub segmented into cloud, hybrid and on-premise. Cloud based solution sub-segment held the largest market share in the global spear phishing market in 2016 and is expected to see robust growth over the forecast period.

The services segment is segmented into professional services and managed services. The professional services segment is estimated to account for a significant chunk of the market, followed by managed services during the forecast period. Rising number of cyber-attacks is expected to propel professional services demand over the forecast period. Managed security services is one of the most favored cyber security technologies, and is developing rapidly due to effortlessness operations and management in banking and financial sector, telecommunications, and healthcare.

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Global Spear Phishing Protection Market: Scope of the Report

The report also includes key industry developments in the spear phishing protection market. The report also covers segment wise, market attractiveness analysis and market positioning analysis for all regions covered in the scope of study.

This report shows market attractiveness analysis for all the segments and for all the regions in the scope of the study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.

Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global spear phishing protection market include Microsoft Corporation,Symantec Corporation, BAE Systems, GreatHorn, Inc., Cisco Systems Inc., FireEye Inc., Proofpoint, Inc., Intel Corporation, Mimecast Ltd., and Phishlabs.

The global spear phishing protection market is segmented as below:

Global Spear Phishing Protection Market, By Component

Solutions
- Cloud
- Hybrid
- On-Premises
Services
- Professional service
- Managed Service

Global Spear Phishing Protection Market, By Protection Type

Data Leak Protection
Email Encryption
Multi-Layered Malware Protection
Social Engineering Protection
Zero Day Prevention
Others (Denial of Service (DoS) Attack protection and ransomware protection)

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