#on premises

Naveen Zutshi Contributor Share on Twitter Naveen Zutshi is the chief information officer of Databricks. Previously, he was the chief information officer of Palo Alto Networks. As budgets tighten, leaders are feeling the pressure to temper spending, and tech teams are no exception. Many companies invested heavily in the cloud during the pandemic and are now looking at ways to optimize…

It turns out that the cloud is expensive, and the more workloads you move to the cloud, the more it costs. Go figure. When we were in the “growth at all costs” phase between 2021 and 2022, it was easy to ignore or minimize the costs associated with operating in the cloud. But when companies started scrutinizing every entry in the technology budget, it became pretty clear that the cloud bills were…

The report "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", The spear phishing market is projected to grow from an estimated USD 840.7 Million in 2017 to USD 1,401.6 Million by 2022, at a CAGR of 10.8% from 2017 to 2022.

Browse and in-depth TOC on “Spear Phishing Market”

47 - Tables                                                  

71 - Figures

130 - Pages    

 "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"

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The market is primarily driven by the increasing spear phishing attacks, increasing adoption of BYOD policy in organizations and the growth of cloud email security solutions. Moreover, rising cyber threats to critical infrastructure, and the growing volume of digital data, is driving the adoption of spear phishing solutions.

Based on component, the solutions segment is expected to grow at the highest CAGR during the forecast period

Based on component, the spear phishing market has been segmented into solutions and services. The solutions segment is expected to grow at the highest CAGR from 2017 to 2022. Solutions provide filtering spam, data loss prevention, email encryption, threat intelligence, email archiving, and alerts for malware attacks, which is driving the growth of the solutions segment of the spear phishing market.

Based on vertical, the critical infrastructure segment is projected to grow at the highest CAGR during the forecast period

Based on vertical, the critical infrastructure segment is estimated to grow at the highest CAGR in the spear phishing market. The critical infrastructure industry vertical includes energy grid plants, nuclear plants, and water facilities. The demand in this segment can be primarily attributed to the rise in investments for technological and security based solutions.

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Latin America spear phishing market estimated to grow at the highest CAGR during the forecast period

The spear phishing market has been studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The highest growth rate of the Latin America region can be attributed to the increasing use of mobile devices in this region, as also rise in demand for solutions from BFSI and other verticals is driving the spear phishing market in this region. Countries such as Mexico, Brazil, Argentina, Chile, Panama, and Venezuela are expected to witness high growth rates in the spear phishing market.

Major players in this market include Bae Systems PLC (U.K.), Barracuda Networks, Inc. (U.S.), Cisco Systems, Inc (U.S.), Forcepoint, LLC (U.S.), GreatHorn, Inc. (U.S.), Intel Security (U.S.), Microsoft Corporation (U.S.), and Proofpoint, Inc. (U.S.), among others.

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