According to a market report by Lucintel, the future of the business email compromise (BEC) market looks promising with opportunities in the BFSI, government, IT & ITeS, energy and utilities, retail and e-commerce, manufacturing, and healthcare industries. The global business email compromise (BEC) market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are increased use of mobile devices, increased regulatory compliances on the use of emails, internet penetration, and cloud deployment models.
In this market, cloud and on-premises are the two major segments of business email compromise (BEC) market by deployment model. Lucintel forecasts that cloud will remain the fastest growing segment over the forecast period due to increasing adoption of cloud email services.
Within this market, BFSI is expected to remain the largest segment due to increasing need for BEC solutions. SEC scams are common in finance sector due to high frequency and large sums of money transferred between organizations.
North America will remain the largest region due to the presence of the largest number of BEC solutions vendors and increasing BEC related crimes in countries of this region.
Proofpoint, Mimecast, Check Point, Cisco, Broadcom, Agari, Trend Micro, Barracuda Networks, Clearswift, and Fortinet are the major suppliers in the global business email compromise (BEC) market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global business email compromise (BEC) market by offering, deployment model, organization size, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Business Email Compromise (BEC) Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global business email compromise (BEC) market by offering, deployment model, organization size, end use industry, and region, as follows:
Business Email Compromise (BEC) Market by Offering [Value ($B) Shipment Analysis from 2017 to 2028]:
· Solutions
· Services
Business Email Compromise (BEC) Market by Deployment Model [Value ($B) Shipment Analysis from 2017 to 2028]:
· Cloud
· On-Premises
Business Email Compromise (BEC) Market by Organization Size [Value ($B) Shipment Analysis from 2017 to 2028]:
· SMEs
· Large Enterprises
Business Email Compromise (BEC) Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· BFSI
· Government
· IT & ITeS
· Energy & Utilities
· Retail and eCommerce
· Manufacturing
· Healthcare
· Others
Business Email Compromise (BEC) Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Business Email Compromise Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the business email compromise (BEC) market by offering (solutions and services), deployment model (cloud and on-premises), organization size (SMEs and large enterprises), end use industry (BFSI, government, IT & ITeS, energy and utilities, retail and ecommerce, manufacturing, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?