Top Companies in Business Email Compromise Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Business Email Compromise Market is expected to reach USD 4.4 Billion by the year 2030 at a recorded CAGR (Compound Annual Market Growth) of 20.50% over the forecast period.
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Vantage Market Research has recently published a new report on the “Business Email Compromise Market” Global Industry Assessment & Forecast to identify key trends and challenges. This report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Business Email Compromise Market. Some of the key statistics in this report highlight that Global Business Email Compromise Market was valued at USD 1.2 Billion in 2022 and is expected to reach USD 4.4 Billion by the year 2030 at a recorded CAGR (Compound Annual Market Growth) of 20.50% over the forecast period. The global Business Email Compromise market will continue to expand due to rising demand from different end-user sectors, including sporting goods, aerospace, wind energy, electronics, medical, automotive, and construction industries.
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The Business Email Compromise (BEC) market is a growing threat to businesses of all sizes. BEC attacks typically involve the use of spoofed or compromised email accounts to deceive employees into making unauthorized wire transfers or disclosing sensitive information. This type of attack is becoming more common, and the losses incurred by businesses can be significant, running into billions of dollars annually. To combat BEC attacks, businesses are turning to email security solutions. These solutions typically provide advanced threat protection, email encryption, and other services to safeguard against BEC attacks. The BEC market includes a range of companies that specialize in email security, each offering a different set of features and capabilities to address the growing threat of BEC attacks. As the BEC market continues to evolve, businesses must remain vigilant to protect themselves against this type of attack. The market is expected to grow in the coming years as the threat of BEC attacks becomes more widespread, and businesses continue to seek out new and innovative ways to protect themselves from this growing threat. A few of the leading companies in this market include: Proofpoint Inc. (U.S.), Mimecast Limited (U.K.), Cisco Inc. (U.S.), Barracuda Networks Incorporation (U.S.), Trend Micro Inc., (Japan), Symantec (U.S.), FireEye (U.S.), Fortinet Corporation (U.S.), Check Point Inc (Israel), and Palo Alto Networks (U.S.).
Let’s Take a Look at the Top Market Players that are Captivating the Business Email Compromise Market
- Proofpoint (U.S.)
Proofpoint is a cybersecurity company that provides cloud-based solutions to protect organizations against cyber threats. The company is headquartered in Sunnyvale, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Proofpoint has over 30 offices across 17 countries and employs over 3,000 people. In 2020, Proofpoint announced the launch of its NexusAI platform, which uses machine learning to detect and respond to cyber threats in real time. The company also acquired InteliSecure, a provider of data loss prevention services, to enhance its cybersecurity offerings.
- Mimecast (U.K.)
Mimecast is a cloud-based email management and security company that provides solutions for email security, archiving, and continuity. The company is headquartered in London, United Kingdom, and has a global presence with offices in North America, Europe, Asia-Pacific, and Africa. Mimecast has over 24,000 customers worldwide and employs over 2,400 people. In recent years, the company has expanded its offerings to include cyber resilience services, such as threat intelligence and incident response.
- Cisco (U.S.)
Cisco is a multinational technology conglomerate that provides networking, security, and collaboration solutions. The company is headquartered in San Jose, California, United States, and has a global presence with offices in over 100 countries. Cisco employs over 75,000 people and operates over 500 offices worldwide. In recent years, the company has focused on developing cloud-based solutions and expanding its cybersecurity offerings, including acquiring Duo Security, a provider of multi-factor authentication services.
- Barracuda Networks (U.S.)
Barracuda Networks is a cybersecurity company that provides solutions for email security, network and application security, and data protection. The company is headquartered in Campbell, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Barracuda Networks has over 1 million customers worldwide and employs over 2,000 people. In recent years, the company has expanded its offerings to include cloud-based solutions, such as its CloudGen Firewall, and has acquired several companies, including Sonian, a provider of cloud-based email archiving services.
- Trend Micro (Japan)
Trend Micro is a cybersecurity company that provides solutions for endpoint, email, and network security. The company is headquartered in Tokyo, Japan, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Trend Micro employs over 6,500 people and operates in over 50 countries. The company has recently focused on developing solutions for cloud security and threat intelligence and has formed partnerships with several cloud service providers, including Amazon Web Services and Microsoft Azure.
- Symantec (U.S.)
Symantec is a cybersecurity company that provides solutions for endpoint, email, and network security, as well as identity and access management. The company is headquartered in Mountain View, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Symantec employs over 11,000 people and operates in over 35 countries. In 2019, the company was acquired by Broadcom, a semiconductor and software company, for $10.7 billion.
- FireEye (U.S.)
FireEye is a cybersecurity company that provides solutions for endpoint, email, and network security, as well as threat intelligence and incident response. The company is headquartered in Milpitas, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and the Middle East. FireEye has over 9,000 customers worldwide and employs over 3,200 people. In recent years, the company has focused on expanding its offerings in threat intelligence and incident response, as well as developing cloud-based solutions for cybersecurity.
- Fortinet (U.S.)
Fortinet is a cybersecurity company that provides solutions for network and application security, as well as endpoint and email security. The company is headquartered in Sunnyvale, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Fortinet employs over 10,000 people and operates in over 100 countries. In recent years, the company has focused on developing cloud-based solutions and expanding its offerings in cybersecurity, including the acquisition of EnSilo, a provider of endpoint security services.
- Check Point Software Technologies (Israel)
Check Point Software Technologies is a cybersecurity company that provides solutions for network and endpoint security, as well as mobile security and threat intelligence. The company is headquartered in Tel Aviv, Israel, and has a global presence with offices in North America, Europe, Asia-Pacific, and the Middle East. Check Point employs over 5,000 people and operates in over 100 countries. In recent years, the company has focused on developing solutions for cloud security and expanding its offerings in threat intelligence and incident response.
- Palo Alto Networks (U.S.)
Palo Alto Networks is a cybersecurity company that provides solutions for network and cloud security, as well as endpoint and mobile security. The company is headquartered in Santa Clara, California, United States, and has a global presence with offices in North America, Europe, Asia-Pacific, and Latin America. Palo Alto Networks employs over 8,000 people and operates in over 100 countries. In recent years, the company has focused on developing cloud-based solutions and expanding its offerings in cybersecurity, including the acquisition of Demisto, a provider of security automation and orchestration services.
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