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Global Business Email Compromise Market Size, Share, Growth, Forecast: By Offerings: Solutions, Services, Others; By Deployment: Cloud, On premise; By Organisation: Large Enterprises, Small and Medium Enterprises; By End Use: Government, BFSI, Energy and Utility, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Business Email Compromise Market Outlook
The global business email compromise market attained a value of nearly USD 1.43 billion in 2023. The market is projected to grow at a CAGR of 19.40% between 2024 and 2032 to reach a value of around USD 7.07 billion by 2032.
Key Trends in the Market
Business email compromise (BEC) refers to a kind of cybercrime in which a victim is manipulated into sending money or leaking out information confidential to an organisation. Business email compromise can be of several types, such as data theft, false invoice scheme, lawyer impersonation, CEO fraud, or account compromise, among others.
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- One of the major business email compromise market trends includes a surge in the cases of cybercrimes related to business email compromise as it requires no technical skill. This is driving the adoption of solutions and services that can detect fake accounts, malicious emails, ransomware, and manipulative transaction.
- Increasing accessibility to payroll invoices, coupons, gift cards, and business-related schemes is likely to escalate the risk of business email compromise in the forecast period. The growing adoption of smartphones and laptops for professional applications is also expected to aid the market.
- Rising investments by enterprises to prevent business email compromise-induced financial losses are expected to boost the deployment of cybersecurity tools in the coming years.
Market Analysis
Based on offerings, the market is segmented into solutions, and services, among others. On the basis of deployment, the market is classified into cloud and on premise. By organisation, the market is categorised into large enterprises and small and medium enterprises.
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Based on end use, the market is divided into government, BFSI, energy and utility, IT and ITES, and healthcare, among others. The major regional markets for business email compromise are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global business email compromise market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Proofpoint, Inc.
- Mimecast Services Limited
- Check Point Software Technologies Ltd.
- Cisco Systems Inc
- Higher Logic, LLC
- Fortra, LLC
- Trend Micro Incorporated.
- ZIX Corporation
- Barracuda Networks, Inc.
- GreatHorn Inc.
- Cloudflare, Inc.
- Others
Market Share by Deployment
The cloud segment accounts for a healthy share of the business email compromise market. This can be attributed to the fact that cloud-based software offers faster deployment and constant updates with no hidden costs, hence offering convenience to the users.
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Cloud-based email security requires low maintenance, boosting the time-effectiveness of employees and increasing their productivity. Furthermore, the increasing deployment of cloud-based email security software across the healthcare, financial, and legal industries is fuelling the growth of this segment.
Market Share by End Use
Based on end use, the BFSI segment holds a significant share of the business email compromise market. Banks and financial institutions are adopting advanced strategies, including the use of cybersecurity tools, multi-factor authentication, and spam filtering, among others, to combat business email compromise.
In the BFSI sector, the rising number of transactions, surging incidences of phishing attacks, and the accessibility of financial institutions and banks to sensitive information can increase the chances of business email compromise, thereby enhancing the demand for secure and reliable solutions.
Competitive Landscape
Proofpoint, Inc. is an enterprise security company which offers solutions and products related to email security, protection against data loss, and email archiving, among others. It was founded in 2002 and is headquartered in California, the United States.
Mimecast Services Limited is a leading company which provides email management services and software, such as email delivery backup, security, and archiving, among others. It was established in 2003 and is currently headquartered in London, England.
Check Point Software Technologies Ltd. is a company which provides cybersecurity solutions to corporate enterprises and government institutions at a global level. Establishment of this company took place in 1993 and is headquartered in Tel Aviv, Israel.
Other market players include Cisco Systems Inc, Higher Logic, LLC, Fortra, LLC, Trend Micro Incorporated., ZIX Corporation, Barracuda Networks, Inc., GreatHorn Inc., and Cloudflare, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offerings |
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| Breakup by Deployment |
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| Breakup by Organisation |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Business Email Compromise Market Analysis
8.1 Key Industry Highlights
8.2 Global Business Email Compromise Historical Market (2018-2023)
8.3 Global Business Email Compromise Market Forecast (2024-2032)
8.4 Global Business Email Compromise Market by Offerings
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Business Email Compromise Market by Deployment
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On premise
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Business Email Compromise Market by Organisation
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Business Email Compromise Market by End Use
8.7.1 Government
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 BFSI
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Energy and Utility
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 IT and ITES
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Healthcare
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.8 Global Business Email Compromise Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Business Email Compromise Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Business Email Compromise Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Business Email Compromise Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Business Email Compromise Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Business Email Compromise Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Proofpoint, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mimecast Services Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Check Point Software Technologies Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cisco Systems Inc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Higher Logic, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fortra, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Trend Micro Incorporated.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ZIX Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Barracuda Networks, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 GreatHorn Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Cloudflare, Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Business Email Compromise Market: Key Industry Highlights, 2018 and 2032
2. Global Business Email Compromise Historical Market: Breakup by Offering (USD Million), 2018-2023
3. Global Business Email Compromise Market Forecast: Breakup by Offering (USD Million), 2024-2032
4. Global Business Email Compromise Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global Business Email Compromise Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global Business Email Compromise Historical Market: Breakup by Organisation Channel (USD Million), 2018-2023
7. Global Business Email Compromise Market Forecast: Breakup by Organisation Channel (USD Million), 2024-2032
8. Global Business Email Compromise Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Business Email Compromise Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Business Email Compromise Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Business Email Compromise Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Business Email Compromise Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Business Email Compromise Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Business Email Compromise Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Business Email Compromise Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Business Email Compromise Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Business Email Compromise Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Business Email Compromise Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Business Email Compromise Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Business Email Compromise Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Business Email Compromise Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Business Email Compromise Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 1.43 billion in 2023.
The market is estimated to grow at a CAGR of 19.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.07 billion by 2032.
The surge in the cases of cybercrimes related to business email compromise, the increasing digital transformation in various end-use sectors, and the growing adoption of smartphones and laptops are the major drivers of the market.
The key trends in the market include the increasing deployment of cloud-based email-protection software across several end use industries and rising investments by financial institutions to combat cyber threats.
Solutions, and services, among others, are the different segments based on the offerings of the product.
Business email compromise (BEC) is a type of phishing in which a victim is tricked into sending money to the attacker.
Proofpoint, Inc., Mimecast Services Limited, Check Point Software Technologies Ltd., Cisco Systems Inc, Higher Logic, LLC, Fortra, LLC, Trend Micro Incorporated., ZIX Corporation, Barracuda Networks, Inc., GreatHorn Inc., and Cloudflare, Inc., among others, are the key business email compromise market players, according to the report.
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