Global Business Email Compromise Market Size, Share, and COVID-19 Impact Analysis, By Offering (Solution and Service), By Deployment Mode (Cloud and On-premises), By Organization Size (SMEs and Large Enterprise), By Vertical (BFSI, Government, IT and Telecommunications, Energy and Utilities, Manufacturing, Retail and eCommerce, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033

Global Business Email Compromise Market Insights Forecasts to 2033

• The Global Business Email Compromise Market Size Was Estimated at USD 1.34 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 19.53% from 2023 to 2033
• The Worldwide Business Email Compromise Market Size is Expected to Reach USD 7.98 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Business Email Compromise Market Size is anticipated to exceed USD 7.98 Billion by 2033, growing at a CAGR of 19.53% from 2023 to 2033. The market growth is rising due to the rising complexity of BEC attacks, underscoring the urgent need for advanced security solutions. Strengthening BEC defenses is essential to protect sensitive data, ensure business continuity, and maintain organizational trust.

Market Overview

The business email compromise market refers to the industry focused on tools, services, and methods for identifying, stopping, and handling business email compromise attacks, which are a type of cybercrime in which criminals use malware, phishing, or social engineering to obtain or impersonate authentic business email accounts to defraud businesses. The business email compromise market applies to several industries, including manufacturing, retail, government, healthcare, and finance. Businesses employ BEC solutions to identify and stop spoofing, impersonation, and phishing assaults directed at executives, financial departments, and suppliers. These uses include protecting sensitive financial transactions, keeping an eye on questionable activity, strengthening identity verification procedures, and safeguarding email gateways. Because BEC schemes frequently take advantage of people's trust, businesses also use these solutions to incorporate AI-powered tools for real-time threat identification and response, train staff, and enforce secure communication procedures.

Scams involving business email compromise are developing quickly and putting companies at significant financial risk. It is now crucial to use AI and ML technologies to identify and stop these advanced threats. Prominent suppliers provide cutting-edge technologies that instantly identify irregularities in email behavior. AI-powered protection is essential for protecting business communications as email-based threats get more sophisticated.

Report Coverage

This research report categorizes the business email compromise market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the business email compromise market. Recent market developments and competitive strategies such as expansion, Type of Software launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the business email compromise market.

Driving Factors

The business email compromise market is experiencing rapid growth, driven by the advanced security measures are urgently needed, as evidenced by the increasing complexity and frequency of business email compromise (BEC) assaults. Sophisticated social engineering techniques are being used by cybercriminals to take advantage of reliable communication channels. The risk of cross-border email-based threats rises with the interconnectedness of global company activities. Organizations must prioritize the protection of sensitive communications and financial activities. To preserve data integrity, operational continuity, and confidence, BEC defenses must be strengthened.

Restraining Factors

The market growth is hindered by the open-source and pirated email security software can save money, but they don't have the powerful functionality that businesses need to successfully defend against BEC threats. Both individuals and organizations are at serious risk from their misuse and restricted functionality. The legitimacy and financial success of reputable providers are weakened by the ongoing usage of these solutions. Therefore, the broad availability of such software is probably going to impede the growth of the market as a whole.

Market Segmentation

The global Business Email Compromise market is classified into offering, deployment mode, organization size, and vertical.

• The solution segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.

Based on the offering, the business email compromise market is categorized into solution and service. Among these, the solution segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the BEC assaults have a significant financial impact, businesses prioritize investing in strong BEC solutions. BEC assaults impact the operations of both small and large businesses, causing substantial financial losses. By offering cutting-edge email security technologies, threat intelligence, and real-time monitoring capabilities that identify and neutralize BEC threats before they result in financial harm, the solutions address these financial risks.

• The cloud segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.

Based on the deployment mode, the business email compromise market is categorized into cloud and on-premises. Among these, the cloud segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the broad use of cloud-based email platforms by businesses of all sizes and in a variety of sectors. Cloud-based email programs, like Google Workspace, Microsoft Office 365, and others, offer remote access, collaborative features, and scalability, which boost output and simplify corporate processes. Cloud-native BEC protection solutions that identify, stop, and lessen threats to cloud-based email systems are becoming more and more popular as businesses move their email infrastructure to the cloud.

• The SMEs segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.

Based on the organization size, the business email compromise market is categorized into SMEs and large enterprise. Among these, the SMEs segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The SMEs segmental growth can be attributed to the increased knowledge and instruction regarding the dangers of BEC attacks and the significance of cybersecurity. SMEs are more inclined to invest in these technologies to safeguard their companies as they become more aware of the possible risks and the availability of specialist BEC solutions.

• The BFSI segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.

Based on the vertical, the business email compromise market is categorized into BFSI, government, IT and telecommunications, energy and utilities, manufacturing, retail and ecommerce, healthcare, and others. Among these, the BFSI segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be propagated to the regulatory compliance and data protection concerns. Financial institutions must abide by strict rules and requirements unique to their sector. To protect sensitive financial data and guarantee the privacy of consumer information, these regulations mandate that BFSI businesses put in place sufficient security measures. By offering cutting-edge security features like encryption, multi-factor authentication, and thorough audit trails, BEC solutions assist BFSI institutions in meeting regulatory standards while guaranteeing compliance and protection.

Regional Segment Analysis of the Business Email Compromise Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the business email compromise market over the predicted timeframe.

North America is anticipated to hold the largest share of the business email compromise market over the predicted timeframe. The regional growth can be attributed to its sophisticated cybersecurity infrastructure and robust regulatory system. Due to the increasing frequency of BEC events in the area, email security is receiving more attention and funding. Organizational protections are further reinforced by regulatory standards such as NIST, PCI DSS, and HIPAA. The region's attack surface has grown as a result of its growing reliance on digital communication and linked gadgets. These elements work together to increase the need for reliable BEC solutions, which propels the North American market's expansion.

Europe is expected to grow at the fastest CAGR of the business email compromise market during the forecast period. In these regions, the impact of BEC assaults in Europe is increased by the interdependence of international corporate networks and supply chains. Numerous companies work with foreign suppliers and partners, resulting in intricate ecosystems that are open to abuse. By using hacked email accounts to commit fraud internationally, cybercriminals take advantage of these connections to plan BEC assaults that target several firms simultaneously.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the business email compromise market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Acronis International GmbH.
• Trend Micro Incorporated
• Broadcom
• Tessian Limited
• Cellopoint International Corp.
• proofpoint
• Check Point Software Technologies Ltd.
• Mimecast.com
• Fortra, LLC
• GreatHorn, Inc.
• Zix
• Area 1 Security
• Fortinet
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Developments

• In March 2024, Hornetsecurity Group, a compliance SaaS and cloud security service, announced a merger with Vade, a France-based email cybersecurity firm.  By serving clients and partners who value data sovereignty and superior security solutions for cloud, compliance, and digital communications, the merged company hopes to become a leading supplier of cloud-based cybersecurity services.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the business email compromise market based on the below-mentioned segments: 

Global Business Email Compromise Market, By Offering

• Solution
• Service

Global Business Email Compromise Market, By Deployment Mode

• Cloud
• On-premises

Global Business Email Compromise Market, By Organization Size

• SMEs
• Large Enterprise

Global Business Email Compromise Market, By Vertical

• BFSI
• Government
• IT and Telecommunications
• Energy and Utilities
• Manufacturing
• Retail and eCommerce
• Healthcare
• Others

Global Business Email Compromise Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa