Spear Phishing Market by Component (Solutions, Services), Deployment Type (Cloud, Hybrid, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, Government & Defense, Critical Infrastructure), and Region - Global Forecast to 2022
[130 Pages Report] The spear phishing market is projected to grow from an estimated USD 840.70 Million in 2017 to USD 1,401.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 10.8% during the period 2017–2022. The major drivers for the high demand in the market include increasing incidences of spear phishing attacks and increasing adoption of BYOD policy in organizations.
Objectives of the study:
- To determine and forecast the global spear phishing market on the basis of component (solutions and services), deployment type, organization size, vertical, and region from 2017 to 2022, and analyse the various macro and micro-economic factors that affect market growth
- To forecast the size of market segments with respect to five main regions, namely, North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East & Africa (MEA)
- To provide detailed information regarding the major factors influencing the growth of the spear phishing market (drivers, restraints, opportunities, and challenges)
- To strategically analyse each submarket with respect to individual growth trends, future prospects, and contribution to the total market
- To analyse the opportunities in the market for stakeholders by identifying high-growth segments of the spear phishing market
- To profile key market players, provide comparative analysis on the basis of business overviews, product offerings, regional presence, business strategies, key financials, and provide companies with the help of in-house statistical tools to understand the competitive landscape
- To track and analyze competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and Research & Development (R&D) activities in the market
The research methodology used to estimate and forecast the spear phishing market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as Information Systems Security Association, Center for Internet Security Association, and National Cyber Security Association, journals such as National Cybersecurity Institute Journal, International Journal of Cybersecurity and Digital Forensics, International Journal of Information Security, and International Journal of Network Security, annual reports, white papers, certified publications, press releases and investor presentations of spear phishing solutions and service vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources.
Vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global spear phishing market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:
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The spear phishing market ecosystem includes players such as Microsoft Corporation (U.S.), BAE Systems (U.K.), Barracuda Networks Inc. (U.S.), FireEye Inc. (U.S.), Checkpoint Software Technologies Ltd. (U.S.), Cisco Systems Inc. (U.S.), Proofpoint (U.S.), Forcepoint LLC. (U.S.), GreatHorn, Inc. (U.S.), Intel Corporation (U.S.), and RSA Security LLC. (U.S.) which provide solutions and services required in spear phishing protection.
Key Target Audience
- Application Design and Software Developers
- Solutions Providers
- Cloud Service Providers
- System Integrators
- Third Party Providers
- Email Security Companies
- Technology Consultants
- ERP Solution Providers for Utilities
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The research report categorizes the spear phishing market to forecast the revenues and analyze the trends in each of the following subsegments:
Spear Phishing Market By Component
- Solution
- Service
- Professional services
- Managed services
Spear Phishing Market By Deployment Type
- On-premises
- Hybrid
- Cloud
Spear Phishing Market By Organization Size
- Large enterprises
- Small and Medium Enterprises (SMEs)
Spear Phishing Market By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Government and Defense
- Retail
- Healthcare
- Manufacturing
- IT and Telecommunication
- Media and Entertainment
- Critical Infrastructure
- Others
Spear Phishing Market By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:
Geographic Analysis
- Further country level breakdown of the North American spear phishing market
- Further country level breakdown of the European market
- Further country level breakdown of the APAC market
- Further country level breakdown of the MEA market
- Further country level breakdown of the Latin American spear phishing market
Company Information
- Detailed analysis and profiles of additional market players
The solution segment is expected to grow at the highest CAGR during the forecast period owing to the extensive adoption of these solutions by various enterprises, such as BFSI, government & defense, healthcare, and retail to increase the efficiency of their IT security. These solutions help in monitoring emails and email gateways, and prevent data loss by providing complete visibility of inbound and outbound emails across a range of industries.
The service segment is expected to hold the largest market share during the forecast period owing to the early adoption of email security services as compared to solutions. These services offer lucrative growth opportunities to service vendors by offering data analytics and data visualization services to organizations to detect and reveal attack campaigns, the source of attacks, and targeted users.
The Banking, Financial Services and Insurance (BFSI) vertical segment is expected to hold the largest market share during the forecast period owing to the requirement of security products and services that can protect employees, customers, assets, offices, branches, and operations. Furthermore, enhancement of business operations and expansion of customer base makes the industry a lucrative target for fraudsters, fueling the adoption of spear phishing solutions and services in the BFSI vertical.
Latin America is expected to witness high growth in the spear phishing market over the forecast period due to increasing digitization, online browsing, and use of mobile devices. Countries such as Mexico, Brazil, Argentina, Chile, Panama, and Venezuela, among others are expected to witness an increasing number of spear phishing attacks, which is expected to augment the adoption of advanced email security solutions.
A few of the restraining factors that affect the growth of the spear phishing market are lack of awareness about current threats and cyber-attacks and concerns of organizations regarding outsourcing security services.
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the Spear Phishing Market
4.2 Spear Phishing Market By Component
4.3 Spear Phishing Market By Organization Size
4.4 Spear Phishing Market By Deployment Type
4.5 Spear Phishing Market By Top Three Verticals and Regions
4.6 Spear Phishing Market By Region
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Incidences of Spear Phishing Attacks
5.3.1.2 Increasing Adoption of BYOD Policy in Organizations
5.3.1.3 Growth of Cloud Email Security Solution
5.3.2 Restraints
5.3.2.1 Lack of Awareness About Current Threats and Cyber-Attacks
5.3.2.2 Concerns of Organizations Regarding Outsourcing of Security Services
5.3.3 Opportunities
5.3.3.1 Stringent Government Regulations and Compliances
5.3.3.2 Rising Trend of Predictive Analytics
5.3.4 Challenges
5.3.4.1 Limited Availability of Qualified and Experienced Cyber Security Personnel
6 Spear Phishing Market: Industry Trends (Page No. - 37)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Solution Providers
6.2.2 Cloud Providers
6.2.3 Service Providers
6.2.4 Verticals
6.3 Techniques of Spear Phishing Attack
6.3.1 Blended Or Multi-Vector Threat
6.3.2 Zero-Day Exploit
6.3.3 Multi-Stage Attack
6.3.4 Well-Crafted Email Forgeries
6.4 Case Study
6.4.1 Case Study 1
6.4.2 Case Study 2
7 Market By Component (Page No. - 41)
7.1 Introduction
7.2 Solutions
7.3 Services
7.3.1 Professional Services
7.3.2 Managed Services
8 Spear Phishing Market By Deployment Type (Page No. - 46)
8.1 Introduction
8.2 On-Premises
8.3 Hybrid
8.4 Cloud
9 Spear Phishing Market By Organization Size (Page No. - 51)
9.1 Introduction
9.2 Large Enterprises
9.3 Small & Medium Enterprises (SMES)
10 Spear Phishing Market By Vertical (Page No. - 55)
10.1 Introduction
10.2 Banking, Financial Services, and Insurance (BFSI)
10.3 Government and Defense
10.4 Retail
10.5 Healthcare
10.6 Manufacturing
10.7 IT and Telecommunication
10.8 Media and Entertainment
10.9 Critical Infrastructure
10.10 Others
11 Spear Phishing Market By Region (Page No. - 63)
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific (APAC)
11.5 Middle East & Africa (MEA)
11.6 Latin America (LA)
12 Competitive Landscape (Page No. - 78)
12.1 Introduction
12.1.1 Vanguards
12.1.2 Innovators
12.1.3 Dynamic
12.1.4 Emerging
12.2 Competitive Benchmarking
13 Company Profiles (Page No. - 82)
(Overview, Company Scorecard, Product Offerings, Business Strategies, Recent Developments, MnM View)*
13.1 BAE Systems PLC
13.2 Barracuda Networks, Inc.
13.3 Check Point Software Technologies Ltd.
13.4 Cisco Systems, Inc.
13.5 Forcepoint, LLC
13.6 Greathorn, Inc.
13.7 Intel Security
13.8 Microsoft Corporation
13.9 Proofpoint
13.10 RSA Security LLC
13.11 Sophos Ltd.
13.12 Symantec Corporation
13.13 Trend Micro, Inc.
13.14 Ironscales
*Details on Overview, Company Scorecard, Product Offerings, Business Strategies, Recent Developments, MnM View might not be captured in case of unlisted companies.
13.15 Key Innovators
13.15.1 Mimecast
13.15.2 Phishlabs
13.15.3 Phishme
13.15.4 Votiro Inc.
14 Appendix (Page No. - 122)
14.1 Industry Excerpts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (47 Tables)
Table 1 Spear Phishing Market, By Component, 2015–2022 (USD Million)
Table 2 Services: Market By Component, 2015–2022 (USD Million)
Table 3 Professional Services: Spear Phishing Services Market, By Region, 2017–2022 (USD Million)
Table 4 Managed Services: Spear Phishing Services Market, By Region, 2015–2022 (USD Million)
Table 5 Spear Phishing Market Size By Deployment Type, 2015-2022 (USD Million)
Table 6 On-Premises: Market Size By Region, 2015-2022 (USD Million)
Table 7 Hybrid: Market Size By Region, 2015-2022 (USD Million)
Table 8 Cloud: Market Size By Region, 2015-2022 (USD Million)
Table 9 Spear Phishing Market Size, By Organization Size, 2015-2022 (USD Million)
Table 10 Large Enterprises: Market Size By Region, 2015-2022 (USD Million)
Table 11 SMEs: Market Size By Region, 2015-2022 (USD Million)
Table 12 Spear Phishing Market Size By Vertical, 2015-2022 (USD Million)
Table 13 Banking, Financial Services, and Insurance: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Government and Defense: Market Size By Region, 2015-2022 (USD Million)
Table 15 Retail: Market Size By Region, 2015-2022 (USD Million)
Table 16 Healthcare: Market Size By Region, 2015-2022 (USD Million)
Table 17 Manufacturing: Market Size By Region, 2015-2022 (USD Million)
Table 18 IT and Telecommunication: Market Size By Region, 2015-2022 (USD Million)
Table 19 Media and Entertainment: Market Size By Region, 2015-2022 (USD Million)
Table 20 Critical Infrastructure: Market Size By Region, 2015-2022 (USD Million)
Table 21 Other Verticals: Spear Phishing Market Size By Region, 2015-2022 (USD Million)
Table 22 Spear Phishing Market Size, By Region, 2015-2022 (USD Million)
Table 23 North America: Spear Phishing Market Size By Component, 2015-2022 (USD Million)
Table 24 North America: Market Size By Services, 2015-2022 (USD Million)
Table 25 North America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 26 North America: Market Size By Deployment Type, 2015-2022 (USD Million)
Table 27 North America: Market Size By Vertical, 2015-2022 (USD Million)
Table 28 Europe: Spear Phishing Market Size, By Component, 2015-2022 (USD Million)
Table 29 Europe: Market Size By Services, 2015-2022 (USD Million)
Table 30 Europe: Market Size By Organization Size, 2015-2022 (USD Million)
Table 31 Europe: Market Size By Deployment Type, 2015-2022 (USD Million)
Table 32 Europe: Market Size By Vertical, 2015-2022 (USD Million)
Table 33 Asia-Pacific: Spear Phishing Market Size, By Component, 2015-2022 (USD Million)
Table 34 Asia-Pacific: Market Size By Services, 2015-2022 (USD Million)
Table 35 Asia-Pacific: Market Size By Organization Size, 2015-2022 (USD Million)
Table 36 Asia-Pacific: Market Size By Deployment Type, 2015-2022 (USD Million)
Table 37 Asia-Pacific: Market Size By Vertical, 2015-2022 (USD Million)
Table 38 Middle East & Africa: Spear Phishing Market Size, By Component, 2015-2022 (USD Million)
Table 39 Middle East and Africa: Market Size By Services, 2015-2022 (USD Million)
Table 40 Middle East & Africa: Market Size By Organization Size, 2015-2022 (USD Million)
Table 41 Middle East & Africa: Market Size By Deployment Type, 2015-2022 (USD Million)
Table 42 Middle East & Africa: Market Size By Vertical, 2015-2022 (USD Million)
Table 43 Latin America: Spear Phishing Market Size By Component, 2015-2022 (USD Million)
Table 44 Latin America: Market Size By Services, 2015-2022 (USD Million)
Table 45 Latin America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 46 Latin America: Market Size By Deployment Type, 2015-2022 (USD Million)
Table 47 Latin America: Market Size By Vertical, 2015-2022 (USD Million)
List of Figures (71 Figures)
Figure 1 Spear Phishing Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Spear Phishing Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Spear Phishing Market: Assumptions
Figure 7 The Latin America Spear Phishing Market is Projected to Grow at Highest CAGR During the Forecast Period
Figure 8 The Services Segment is Expected to Be A Larger Segment of the Market During the Forecast Period
Figure 9 The Cloud Segment of the Market is Projected to Witness the Highest Growth During the Forecast Period
Figure 10 The Critical Infrastructure Vertical Segment of the Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America is Expected to Be the Largest Market Share for Spear Phishing in 2017
Figure 12 Increasing Incidences of Spear Phishing Attacks are Expected to Drive the Spear Phishing Market During the Forecast Period
Figure 13 Based on Component, the Solution Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Based on Organization Size, the Large Enterprises Segment is Expected to Be the Largest Segment of the Market in 2022
Figure 15 Based on Deployment Type, the Cloud Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 North America is Estimated to Be the Largest Market for Spear Phishing in 2017
Figure 17 The Latin America Spear Phishing Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 18 Evolution of Spear Phishing Market
Figure 19 Drivers, Restraints, Opportunities, and Challenges in the Market
Figure 20 Spear Phishing Market Value Chain Analysis
Figure 21 Spear Phishing Market Techniques
Figure 22 The Services Segment is Expected to Be A Larger Segment of the Spear Phishing Market By 2022
Figure 23 The Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 The Cloud Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 The SMES Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 The Critical Infrastructure Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America is Estimated to Be the Largest Market for Spear Phishing 2017 to 2022
Figure 28 Geographic Snapshot: Latin America is Estimated to Witness Highest Growth During Forecast Period
Figure 29 North America Market Snapshot: Cloud Segment is Holding the Largest Share of the Market in 2017
Figure 30 Latin America Market Snapshot: Services Segment is Holding the Largest Share of the Market in 2017
Figure 31 DIVE Chart
Figure 32 Product Offerings
Figure 33 Business Strategies
Figure 34 BAE Systems PLC: Company Snapshot
Figure 35 BAE Systems PLC: Product Offerings Scorecard
Figure 36 BAE Systems PLC: Business Strategies Scorecard
Figure 37 Barracuda Networks, Inc.: Company Snapshot
Figure 38 Barracuda Networks, Inc.: Product Offerings Scorecard
Figure 39 Barracuda Networks, Inc.: Business Strategies Scorecard
Figure 40 Check Point Software Technologies Ltd: Company Snapshot
Figure 41 Check Point Software Technologies Ltd: Product Offerings Scorecard
Figure 42 Check Point Software Technologies Ltd: Business Strategies Scorecard
Figure 43 Cisco Systems, Inc.: Company Snapshot
Figure 44 Cisco Systems, Inc.: Product Offerings Scorecard
Figure 45 Cisco Systems, Inc.: Business Strategies Scorecard
Figure 46 Forcepoint, LLC: Product Offerings Scorecard
Figure 47 Forcepoint, LLC: Business Strategies Scorecard
Figure 48 Greathorn, Inc.: Product Offerings Scorecard
Figure 49 Greathorn, Inc.: Business Strategies Scorecard
Figure 50 Intel Corporation: Company Snapshot
Figure 51 Intel Security: Product Offerings Scorecard
Figure 52 Intel Security: Business Strategies Scorecard
Figure 53 Microsoft Corporation: Company Snapshot
Figure 54 Microsoft Corporation: Product Offerings Scorecard
Figure 55 Microsoft Corporation: Business Strategies Scorecard
Figure 56 Proofpoint: Company Snapshot
Figure 57 Proofpoint: Product Offerings Scorecard
Figure 58 Proofpoint: Business Strategies Scorecard
Figure 59 RSA Security LLC: Product Offerings Scorecard
Figure 60 RSA Security LLC: Business Strategies Scorecard
Figure 61 Sophos, Ltd: Company Snapshot
Figure 62 Sophos Ltd.: Product Offerings Scorecard
Figure 63 Sophos Ltd.: Business Strategies Scorecard
Figure 64 Symantec Corporation: Company Snapshot
Figure 65 Symantec Corporation: Product Offerings Scorecard
Figure 66 Symantec Corporation: Business Strategies Scorecard
Figure 67 Trend Micro, Inc.: Company Snapshot
Figure 68 Trend Micro, Inc.: Product Offerings Scorecard
Figure 69 Trend Micro, Inc.: Business Strategies Scorecard
Figure 70 Ironscales: Product Offerings Scorecard
Figure 71 Ironscales: Business Strategies Scorecard
Growth opportunities and latent adjacency in Spear Phishing Market