Pune, January 22, 2025 (GLOBE NEWSWIRE) — The business email compromise marketplace Size Analysis:
“of The business email compromise marketplace was valued at $1.35 billion in 2023 and is projected to reach $7.24 billion by 2032, growing at a compound annual growth rate (CAGR) of 20.53% from 2024 to 2032.“
The rise of cyber attacks and the growing demand for advanced BEC prevention solutions
The Business Email Compromise market is growing rapidly due to the increasing prevalence and complexity of cyber attacks. The Acronis Cyber Threat Report for the first half of 2024 revealed a staggering 293% increase in email attacks, highlighting the rise of phishing and social engineering strategies. From 2013 to 2023, more than 305,000 BEC incidents were documented worldwide, resulting in losses of $55.5 billion. As remote work and digital communication tools increasingly expose companies to BEC threats, businesses are investing significantly in advanced security measures to protect sensitive data and avoid financial losses.
The need for BEC prevention services is particularly high in industries such as finance, healthcare and e-commerce, where the impact of fraud is most significant. By incorporating artificial intelligence and machine learning technologies, businesses can enhance their ability to identify and respond to these changing threats, setting the stage for continued growth and innovation in the marketplace.
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Analysis of the key players listed in this report are:
The main players
- Acronis International GmbH (Acronis Cyber Protect, Acronis True Image)
- Broadcom (Symantec Endpoint Protection, Web Security Service)
- Cellopoint International Corp. (CelloPoint Mail Filtering, CelloPoint Data Protection)
- Check Point Software Technologies Ltd. (Check Point Anti-Bot, Check Point Threat Prevention)
- Fortra, LLC (GoAnywhere, Data Security Solutions)
- GreatHorn, Inc. (GreatHorn Email Security, GreatHorn Phishing Detection)
- Mimecast.com (Mimecast Email Security, Mimecast Archiving)
- Test Point (Test Point Email Protection, Test Point Threat Response)
- Tessian Limited (Tessian for Gmail, Tessian for Microsoft 365)
- Trend Micro Incorporated (Trend Micro Apex One, Trend Micro Cloud Application Security)
- Agari Inc. (Agari Phishing Defense, Agari Email Security)
- Armorblox Incorporation (Armorblox Email Security, Armorblox Threat Intelligence)
- Abnormal Security Inc. (Abnormal Email Security, Abnormal Behavioral AI)
- Incorporating Barracuda Networks (Barracuda Email Security, Barracuda Web Security)
- Clearswift GmbH (ClearSwift Secure Email Gateway, ClearSwift Secure Web Gateway)
- Cisco Inc. (Cisco Umbrella, Cisco Email Security)
- Check Point Inc. (Check Point SandBlast, Check Point Endpoint Protection)
- Fortinet Corporation (FortiMail, FortiGate)
- GreatHorn Incorporation (GreatHorn Advanced Threat Protection, GreatHorn Digital Threat Protection)
- Heimdal Security Solutions Company Ltd. (Heimdal Security Threat Prevention, Heimdal Endpoint Protection)
- IRONSCALES (IRONSCALES Email Security, IRONSCALES Phishing Simulation)
- Mimecast Limited (Mimecast Targeted Threat Protection, Mimecast Secure Email Gateway)
- Proofpoint Inc. (Proofpoint Essentials, Proofpoint Advanced Threat Protection)
- PhishLabs Corp. (PhishLabs Security Awareness Training, PhishLabs Phishing Protection)
The business email compromise marketplace Scope of report:
| Report Attributes | The details |
| Market size in 2023 | 1.35 billion dollars |
| Market size by 2032 | 7.24 billion dollars |
| CAGR | CAGR of 20.53% From 2024 to 2032 |
| Base year | 2023 |
| Forecast period | 2024-2032 |
| Historical data | 2020-2022 |
| Main regional coverage | North America (USA, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East and Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]Africa [Nigeria, South Africa, Rest of Africa]Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key growth drivers | • The shift to remote and hybrid work models increases email security risks
• Technological advances enable better detection and prevention of BEC attacks |
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By organization size, large enterprises dominate the BEC market, while SMEs drive rapid growth
In 2023, Large Enterprises led the Business Email Compromise market, holding the largest revenue share of around 66%. This leadership is attributed to their abundant resources, which enable them to invest in advanced security systems and dedicated cyber security teams. Because of their valuable data and high-profile status, large enterprises are prime targets for cybercriminals, prompting them to adopt robust and multi-layered defenses against BEC attacks.
of SME segment is projected to grow at the fastest CAGR of approximately 22.14% from 2024 to 2032. As BEC attacks become more prevalent and sophisticated, SMEs are recognizing the critical need for email security. Despite having fewer resources, SMBs are increasingly turning to cost-effective and scalable security solutions, driving market growth. Growing awareness of BEC risks and the need to protect operations and customer trust are driving the rapid adoption of security in this segment
By Vertical, BFSI leads the BEC market and the healthcare sector poised for rapid growth
In 2023, BFSI segment dominated the Business Email Compromise market, accounting for approximately 23% of total revenue. This leadership stems from the sector’s high vulnerability to cyber threats, as financial institutions manage large amounts of sensitive data and transactions. These characteristics make BFSI a prime target for BEC attacks, prompting significant investment in advanced email security systems to protect against fraud and unauthorized access.
of Health care segment is expected to experience the fastest growth, with a projected CAGR of 24.03% from 2024 to 2032. Increasing reliance on digital communication for healthcare services and the sensitive nature of patient data are driving this growth. As healthcare organizations face increasing demands for data security and regulatory compliance, the need for specialized email security solutions is set to grow, driving the sector’s rapid expansion
The business email compromise marketplace Segmentation:
Offering
By arrangement
According to the size of the organization
From the vertical
- BFSI
- The government
- IT and Telecommunications
- Energy and Utilities
- Manufacturing
- Retail and E-Commerce
- Health care
- The others
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North America leads the BEC market, while Asia Pacific sees rapid growth
In 2023, North America held the largest share of the Business Email Compromise (BEC) market, with approximately 42% of total revenue. This dominance is due to the region’s advanced infrastructure, technological advances and the presence of large financial institutions and corporations. As a prime target for cyberattacks, businesses in North America are increasingly adopting sophisticated email security solutions to protect sensitive data and mitigate financial losses from BEC schemes. Additionally, increased awareness of cyber security risks and strong regulatory frameworks further strengthen the region’s market position.
of Asia Pacific the region is projected to grow at the fastest CAGR of 22.39% from 2024 to 2032. This growth is driven by the region’s rapid digital transformation and growing adoption of cloud-based services. As businesses in the Asia-Pacific move to digital platforms, the demand for effective email security solutions to protect against BEC threats is intensifying. Coupled with increased awareness of cyber risks and improved cyber security frameworks, these factors are positioning the region for robust market expansion in the coming years.
Key developments in the business email compromise market
- In 2024, Cello point teamed up with Abusix to integrate Mail Intelligence, increasing email security by minimizing spam, malware and false alarms, improving productivity.
- In 2024, Mimecast enhanced its email security solutions with AI-driven updates, focusing on off-the-shelf threat detection and reducing internal data breach risks.
Table of Contents – Key Highlights
1. Introduction
2. Executive summary
3. Research Methodology
4. Analysis of the impact of market dynamics
5. Statistical Insights and Trend Reporting
6. The competitive landscape
7. Business email compromises market segmentation by providing
8. Market segmentation compromised with business email, by placement
9. Segmentation of the compromised market with business email, by vertical
10. Business email compromise market segmentation by organization size
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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