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Global Business Email Compromise (BEC) Market to reach USD 3366.79 million by 2028

Global Business Email Compromise (BEC) Market Size study, By Offering (Solution, and Services}, By Deployment Mode (Cloud, On-premise), By Organizational Size (Small and medium size enterprises, Large enterprises), By Verticals (BFSI, Government, IT and ITES, Energy and Utilities, Healthcare and Others), and Regional Forecasts 2022-2028

Product Code: ICTEITS-71813141
Publish Date: 6-09-2022
Page: 200

Global Business Email Compromise (BEC) Market is valued at approximately USD 910 million in 2021 and is anticipated to grow with a healthy growth rate of more than 20.55 % over the forecast period 2022-2028.

Business email compromise (BEC) is a king of cybercrime scam which takes place through email. In these, an attacker targets a business to defraud the company. Business email compromise is large and growing problem which targets all sizes of organizations across every kind of industry present across the globe. BEC scams have been exposed to multiple organizations in a billion of dollars loss. Growing scale of business email compromise scams and spear-phishing attacks, huge financial losses due to business email compromise crimes and increasing number of email users globally are some factors driving the growth of the market. For instance, according to the FBI’s Internet Crime Report (IC3), BEC assaults cost US businesses more than USD 1.2 billion in 2018, with victims in the US losing over USD 2.7 billion as a result of internet crimes. A Barracuda Networks report, 2019 Email Security Trends, found that 78% of firms believe the cost of email breaches is rising after polling 660 executives and IT security experts from the Americas, Europe, the Middle East and Africa, and Asia Pacific. Also, increasing use of ML/AI-powered solutions associated with business email compromise solutions is anticipated to act as a catalyzing factor for the market demand during the forecast period. However, the use of free, open-source, and pirated email security software may impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Business Email Compromise (BEC) market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Among these, regarding innovation and adoption of security technologies, North America is anticipated to be the top region. Many laws in the area generally protect the communication infrastructures. Due to factors such rising BEC frauds, rising use of mobile and other connected devices, and adherence to laws and regulations, the region’s BEC industry is booming.
Major market players included in this report are:
Proofpoint
Minecast
Checkpoint
Cisco
Broadcom
Agari
Trend Micro
Zix
Barracuda Networks
Greathorn

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering
Solution
Services
By Deployment mode
Cloud
On-premise
By Organization Size:
Small and medium size enterprises
Large enterprises
By Vertical
BFSI
Government
IT and ITES
Energy and Utilities
Healthcare
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Business Email Compromise (BEC) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Business Email Compromise (BEC) Market, by Region, 2020-2028 (USD Million)
1.2.2. Business Email Compromise (BEC) Market, by Offering, 2020-2028 (USD Million)
1.2.3. Business Email Compromise (BEC) Market, by Deployment Mode, 2020-2028 (USD Million)
1.2.4. Business Email Compromise (BEC) Market, by Organization Size, 2020-2028 (USD Million)
1.2.5. Business Email Compromise (BEC) Market, by Vertical, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Business Email Compromise (BEC) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Business Email Compromise (BEC) Market Dynamics
3.1. Business Email Compromise (BEC) Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing scale of business email compromise scams and spear-phishing attacks
3.1.1.2. Huge financial losses due to business email compromise crimes
3.1.1.3. Increasing number of email users globally
3.1.2. Market Challenges
3.1.2.1. Use of free, open-source, and pirated email security software
3.1.3. Market Opportunities
3.1.3.1. Growing use of ML/AI-powered business email compromise solutions
Chapter 4. Global Business Email Compromise (BEC) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Business Email Compromise (BEC) Market, by Offering
6.1. Market Snapshot
6.2. Global Business Email Compromise (BEC) Market by Offering, Performance – Potential Analysis
6.3. Global Business Email Compromise (BEC) Market Estimates & Forecasts by Offering, 2018-2028 (USD Million)
6.4. Business Email Compromise (BEC) Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Business Email Compromise (BEC) Market, by Deployment mode
7.1. Market Snapshot
7.2. Global Business Email Compromise (BEC) Market by Deployment mode, Performance – Potential Analysis
7.3. Global Business Email Compromise (BEC) Market Estimates & Forecasts by Deployment mode, 2018-2028 (USD Million)
7.4. Business Email Compromise (BEC) Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-premises
Chapter 8. Global Business Email Compromise (BEC) Market, by Organizational Size
8.1. Market Snapshot
8.2. Global Business Email Compromise (BEC) Market by Organizational Size, Performance – Potential Analysis
8.3. Global Business Email Compromise (BEC) Market Estimates & Forecasts by Organizational Size, 2018-2028 (USD Million)
8.4. Business Email Compromise (BEC) Market, Sub Segment Analysis
8.4.1. Small and medium size enterprises
8.4.2. Large enterprises
Chapter 9. Global Business Email Compromise (BEC) Market, by Vertical
9.1. Market Snapshot
9.2. Global Business Email Compromise (BEC) Market by Vertical, Performance – Potential Analysis
9.3. Global Business Email Compromise (BEC) Market Estimates & Forecasts by Vertical, 2018-2028 (USD Million)
9.4. Business Email Compromise (BEC) Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. Government
9.4.3. IT and ITES
9.4.4. Energy and Utilities
9.4.5. Healthcare
9.4.6. Others
Chapter 10. Global Business Email Compromise (BEC) Market, Regional Analysis
10.1. Business Email Compromise (BEC) Market, Regional Market Snapshot
10.2. North America Business Email Compromise (BEC) Market
10.2.1. U.S. Business Email Compromise (BEC) Market
10.2.1.1. Offering breakdown estimates & forecasts, 2018-2028
10.2.1.2. Deployment breakdown mode estimates & forecasts, 2018-2028
10.2.1.3. Organizational Size breakdown mode estimates & forecasts, 2018-2028
10.2.1.4. Vertical breakdown estimates & forecasts, 2018-2028
10.2.2. Canada Business Email Compromise (BEC) Market
10.3. Europe Business Email Compromise (BEC) Market Snapshot
10.3.1. U.K. Business Email Compromise (BEC) Market
10.3.2. Germany Business Email Compromise (BEC) Market
10.3.3. France Business Email Compromise (BEC) Market
10.3.4. Spain Business Email Compromise (BEC) Market
10.3.5. Italy Business Email Compromise (BEC) Market
10.3.6. Rest of Europe Business Email Compromise (BEC) Market
10.4. Asia-Pacific Business Email Compromise (BEC) Market Snapshot
10.4.1. China Business Email Compromise (BEC) Market
10.4.2. India Business Email Compromise (BEC) Market
10.4.3. Japan Business Email Compromise (BEC) Market
10.4.4. Australia Business Email Compromise (BEC) Market
10.4.5. South Korea Business Email Compromise (BEC) Market
10.4.6. Rest of Asia Pacific Business Email Compromise (BEC) Market
10.5. Latin America Business Email Compromise (BEC) Market Snapshot
10.5.1. Brazil Business Email Compromise (BEC) Market
10.5.2. Mexico Business Email Compromise (BEC) Market
10.6. Rest of The World Business Email Compromise (BEC) Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Proofpoint
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Minecast
11.2.3. Checkpoint
11.2.4. Cisco
11.2.5. Broadcom
11.2.6. Agari
11.2.7. Trend Micro
11.2.8. Zix
11.2.9. Barracuda Networks
11.2.10. Greathorn
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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