Phishing Protection Market by Offering (Solutions, Services), Subtype (Email-based Phishing, Non-email-based Phishing), Organization Size, Deployment Mode, Vertical (BFSI, IT & ITeS, Government) and Region – Global Forecast 2024 – 2029

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OVERVIEW

The Phishing Protection Market is currently valued at USD 2.2 billion in 2024 and will be growing at a CAGR of 15.1% over the forecast period to reach an estimated USD 4.1 billion in revenue in 2029. The phishing protection market is a dynamic and crucial sector within cybersecurity, dedicated to thwarting one of the most pervasive threats facing individuals and organizations today. Phishing attacks, which typically involve fraudulent attempts to obtain sensitive information such as passwords, credit card numbers, or personal data by masquerading as a trustworthy entity, have become increasingly sophisticated and prevalent. In response, the phishing protection market has evolved rapidly, offering a diverse range of solutions and services designed to detect, prevent, and mitigate phishing attacks. These include email filtering systems, web security gateways, anti-phishing awareness training programs, and advanced threat intelligence platforms. Key players in the phishing protection market encompass established cybersecurity firms, innovative startups, and a growing number of cloud-based service providers. Their offerings often leverage cutting-edge technologies such as machine learning, artificial intelligence, and behavioral analytics to stay ahead of evolving threats and provide effective protection.

The escalating frequency and sophistication of phishing attacks across various digital channels, including email, social media, and messaging platforms, are compelling organizations to invest in robust protection measures. Additionally, stringent regulatory requirements, such as GDPR and CCPA, mandate organizations to implement effective cybersecurity measures, including phishing prevention, to safeguard customer data and avoid hefty fines. Moreover, the rapid adoption of cloud-based services and the proliferation of remote work arrangements have expanded the attack surface, driving the need for scalable and flexible phishing protection solutions that can adapt to dynamic IT environments. Furthermore, the increasing awareness among enterprises about the financial and reputational damage caused by successful phishing attacks is driving proactive investment in comprehensive phishing protection strategies. Lastly, advancements in technology, particularly in areas such as artificial intelligence, machine learning, and threat intelligence, are enabling the development of more sophisticated and effective phishing protection solutions, further fueling market growth.

Market Dynamics

Drivers:

The escalating frequency and sophistication of phishing attacks across various digital channels, including email, social media, and messaging platforms, are compelling organizations to invest in robust protection measures. Additionally, stringent regulatory requirements, such as GDPR and CCPA, mandate organizations to implement effective cybersecurity measures, including phishing prevention, to safeguard customer data and avoid hefty fines. Moreover, the rapid adoption of cloud-based services and the proliferation of remote work arrangements have expanded the attack surface, driving the need for scalable and flexible phishing protection solutions that can adapt to dynamic IT environments. Furthermore, the increasing awareness among enterprises about the financial and reputational damage caused by successful phishing attacks is driving proactive investment in comprehensive phishing protection strategies. Lastly, advancements in technology, particularly in areas such as artificial intelligence, machine learning, and threat intelligence, are enabling the development of more sophisticated and effective phishing protection solutions, further fueling market growth.

Key Offerings:

Key offerings in the phishing protection market include a diverse array of solutions and services designed to detect, prevent, and mitigate phishing attacks across multiple digital channels. These offerings encompass email filtering systems that employ advanced algorithms and threat intelligence to identify and block suspicious emails containing phishing attempts. Additionally, web security gateways provide real-time protection against phishing websites and malicious URLs by analyzing website content and user behavior. Anti-phishing awareness training programs offer education and simulation exercises to help employees recognize and avoid phishing attempts, thereby strengthening the human element of cybersecurity. Furthermore, advanced threat intelligence platforms leverage data from various sources to identify emerging phishing threats and provide proactive defense measures. Cloud-based services are gaining traction, offering scalable and cost-effective phishing protection solutions that cater to the evolving needs of organizations.

Restraints :

The market for phishing prevention has room to develop, but there are a number of obstacles in the way. One major issue is that fraudsters are always developing new phishing strategies, which forces manufacturers to constantly innovate and modify their prevention systems. Moreover, a significant barrier to total eradication is the intricacy of phishing attempts, which frequently use social engineering techniques to influence human behaviour. Furthermore, the attack surface has expanded due to the widespread use of mobile devices and remote work arrangements, making it more difficult to apply uniform security measures across various endpoints and networks. Organisations, especially smaller ones, may find it difficult to invest in advanced phishing security systems due to budgetary constraints, which leaves them open to assaults. Moreover, apprehensions around data privacy and compliance could hinder the use of specific phishing prevention solutions, particularly those that include substantial data collecting or processing. Ultimately, the efficacy of phishing prevention measures may be compromised by users’ and decision-makers’ lack of cybersecurity knowledge and experience, underscoring the necessity of continual education and training programmes. To provide a strong defence against phishing attacks and to fully realise the potential of the phishing protection market, it will be imperative to address these constraints.

Regional Information:

• In North America, comprising the United States and Canada, the market is characterized by high awareness levels regarding cybersecurity threats and stringent regulatory frameworks, driving significant investments in phishing protection solutions. The region is home to a large number of cybersecurity firms and technology innovators, contributing to the development of advanced anti-phishing technologies and services.

• In Europe, including major economies such as the United Kingdom, Germany, and France, the phishing protection market benefits from strict data protection regulations like GDPR (General Data Protection Regulation), which mandate robust security measures to safeguard personal data from phishing attacks. European organizations prioritize compliance with these regulations, leading to substantial investments in phishing protection solutions and services.

• Asia Pacific, encompassing countries like China, Japan, India, and Australia, presents a rapidly growing market for phishing protection, fueled by the increasing digitization of businesses, rising cybersecurity awareness, and a surge in phishing incidents. Enterprises in the region are ramping up investments in cybersecurity infrastructure, including phishing protection solutions, to fortify their defenses against evolving cyber threats.

Recent Developments:

• Jan 2024 – Mimecast acquired the human risk management solutions specialist Elevate Security as part of its initiative to enhance digital workplace protection.

Dec 2023 – Proofpoint acquired Tessian. By integrating Proofpoint’s threat and data loss protection technology and intelligence with Tessan’s AI-powered behavioral and dynamic detection, organizations can benefit from the most comprehensive defense against human layer risks. This solution is adaptable to various deployment models, providing a robust security strategy.

Key Players:

Proofpoint, Mimecast, Cisco Systems, Microsoft Corporation, Barracuda Networks, Sophos, Symantec Corporation, Trend Micro, PhishLabs, and Cofense.

 

Frequently Asked Questions

1) What is the projected market value of the Phishing Protection Market?

– The Phishing Protection Market is expected to reach an estimated value of USD 4.1 billion in revenue by 2029. 

2) What is the estimated CAGR of the Phishing Protection Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 13.5% for the Phishing Protection Market over the 2024 to 2029.

3) Who are the key players in the Phishing Protection Market?

– Proofpoint, Mimecast, Cisco Systems, Microsoft Corporation, Barracuda Networks, Sophos, Symantec Corporation, Trend Micro, PhishLabs, and Cofense.

4) What are the drivers for the Phishing Protection Market?

– The increasing frequency and sophistication of phishing attacks, regulatory requirements like GDPR and CCPA, the rapid adoption of cloud-based services, and increased awareness of financial and reputational damage from successful attacks are driving organizations to invest in robust protection measures. Advancements in technology, such as artificial intelligence, machine learning, and threat intelligence, are also driving market growth.

5) What are the restraints and challenges in the Phishing Protection Market?

– The phishing protection market faces challenges such as constant phishing techniques, complexity of attacks, proliferation of mobile devices, budget constraints, data privacy concerns, and lack of cybersecurity awareness. Addressing these restraints is crucial for unlocking the full potential of the market and ensuring robust defense against phishing attacks. Continual innovation and adaptation of protection measures are necessary to overcome these restraints.

6) What are the key applications and offerings of the Phishing Protection Market?

– The phishing protection market offers various solutions to detect, prevent, and mitigate attacks. These include email filtering systems, web security gateways, anti-phishing awareness training programs, advanced threat intelligence platforms, and cloud-based services. These services analyze website content and user behavior, provide real-time protection, and offer scalable, cost-effective solutions.

7)Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Phishing Protection Market is currently valued at USD 2.2 billion in 2024 and will be growing at a CAGR of 15.1% over the forecast period to reach an estimated USD 4.1 billion in revenue in 2029. The phishing protection market is a dynamic and crucial sector within cybersecurity, dedicated to thwarting one of the most pervasive threats facing individuals and organizations today. Phishing attacks, which typically involve fraudulent attempts to obtain sensitive information such as passwords, credit card numbers, or personal data by masquerading as a trustworthy entity, have become increasingly sophisticated and prevalent. In response, the phishing protection market has evolved rapidly, offering a diverse range of solutions and services designed to detect, prevent, and mitigate phishing attacks. These include email filtering systems, web security gateways, anti-phishing awareness training programs, and advanced threat intelligence platforms. Key players in the phishing protection market encompass established cybersecurity firms, innovative startups, and a growing number of cloud-based service providers. Their offerings often leverage cutting-edge technologies such as machine learning, artificial intelligence, and behavioral analytics to stay ahead of evolving threats and provide effective protection.

The escalating frequency and sophistication of phishing attacks across various digital channels, including email, social media, and messaging platforms, are compelling organizations to invest in robust protection measures. Additionally, stringent regulatory requirements, such as GDPR and CCPA, mandate organizations to implement effective cybersecurity measures, including phishing prevention, to safeguard customer data and avoid hefty fines. Moreover, the rapid adoption of cloud-based services and the proliferation of remote work arrangements have expanded the attack surface, driving the need for scalable and flexible phishing protection solutions that can adapt to dynamic IT environments. Furthermore, the increasing awareness among enterprises about the financial and reputational damage caused by successful phishing attacks is driving proactive investment in comprehensive phishing protection strategies. Lastly, advancements in technology, particularly in areas such as artificial intelligence, machine learning, and threat intelligence, are enabling the development of more sophisticated and effective phishing protection solutions, further fueling market growth.

Market Dynamics

Drivers:

The escalating frequency and sophistication of phishing attacks across various digital channels, including email, social media, and messaging platforms, are compelling organizations to invest in robust protection measures. Additionally, stringent regulatory requirements, such as GDPR and CCPA, mandate organizations to implement effective cybersecurity measures, including phishing prevention, to safeguard customer data and avoid hefty fines. Moreover, the rapid adoption of cloud-based services and the proliferation of remote work arrangements have expanded the attack surface, driving the need for scalable and flexible phishing protection solutions that can adapt to dynamic IT environments. Furthermore, the increasing awareness among enterprises about the financial and reputational damage caused by successful phishing attacks is driving proactive investment in comprehensive phishing protection strategies. Lastly, advancements in technology, particularly in areas such as artificial intelligence, machine learning, and threat intelligence, are enabling the development of more sophisticated and effective phishing protection solutions, further fueling market growth.

Key Offerings:

Key offerings in the phishing protection market include a diverse array of solutions and services designed to detect, prevent, and mitigate phishing attacks across multiple digital channels. These offerings encompass email filtering systems that employ advanced algorithms and threat intelligence to identify and block suspicious emails containing phishing attempts. Additionally, web security gateways provide real-time protection against phishing websites and malicious URLs by analyzing website content and user behavior. Anti-phishing awareness training programs offer education and simulation exercises to help employees recognize and avoid phishing attempts, thereby strengthening the human element of cybersecurity. Furthermore, advanced threat intelligence platforms leverage data from various sources to identify emerging phishing threats and provide proactive defense measures. Cloud-based services are gaining traction, offering scalable and cost-effective phishing protection solutions that cater to the evolving needs of organizations.

Restraints :

The market for phishing prevention has room to develop, but there are a number of obstacles in the way. One major issue is that fraudsters are always developing new phishing strategies, which forces manufacturers to constantly innovate and modify their prevention systems. Moreover, a significant barrier to total eradication is the intricacy of phishing attempts, which frequently use social engineering techniques to influence human behaviour. Furthermore, the attack surface has expanded due to the widespread use of mobile devices and remote work arrangements, making it more difficult to apply uniform security measures across various endpoints and networks. Organisations, especially smaller ones, may find it difficult to invest in advanced phishing security systems due to budgetary constraints, which leaves them open to assaults. Moreover, apprehensions around data privacy and compliance could hinder the use of specific phishing prevention solutions, particularly those that include substantial data collecting or processing. Ultimately, the efficacy of phishing prevention measures may be compromised by users’ and decision-makers’ lack of cybersecurity knowledge and experience, underscoring the necessity of continual education and training programmes. To provide a strong defence against phishing attacks and to fully realise the potential of the phishing protection market, it will be imperative to address these constraints.

Regional Information:

• In North America, comprising the United States and Canada, the market is characterized by high awareness levels regarding cybersecurity threats and stringent regulatory frameworks, driving significant investments in phishing protection solutions. The region is home to a large number of cybersecurity firms and technology innovators, contributing to the development of advanced anti-phishing technologies and services.

• In Europe, including major economies such as the United Kingdom, Germany, and France, the phishing protection market benefits from strict data protection regulations like GDPR (General Data Protection Regulation), which mandate robust security measures to safeguard personal data from phishing attacks. European organizations prioritize compliance with these regulations, leading to substantial investments in phishing protection solutions and services.

• Asia Pacific, encompassing countries like China, Japan, India, and Australia, presents a rapidly growing market for phishing protection, fueled by the increasing digitization of businesses, rising cybersecurity awareness, and a surge in phishing incidents. Enterprises in the region are ramping up investments in cybersecurity infrastructure, including phishing protection solutions, to fortify their defenses against evolving cyber threats.

Recent Developments:

• Jan 2024 – Mimecast acquired the human risk management solutions specialist Elevate Security as part of its initiative to enhance digital workplace protection.

Dec 2023 – Proofpoint acquired Tessian. By integrating Proofpoint’s threat and data loss protection technology and intelligence with Tessan’s AI-powered behavioral and dynamic detection, organizations can benefit from the most comprehensive defense against human layer risks. This solution is adaptable to various deployment models, providing a robust security strategy.

Key Players:

Proofpoint, Mimecast, Cisco Systems, Microsoft Corporation, Barracuda Networks, Sophos, Symantec Corporation, Trend Micro, PhishLabs, and Cofense.

 

Frequently Asked Questions

1) What is the projected market value of the Phishing Protection Market?

– The Phishing Protection Market is expected to reach an estimated value of USD 4.1 billion in revenue by 2029. 

2) What is the estimated CAGR of the Phishing Protection Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 13.5% for the Phishing Protection Market over the 2024 to 2029.

3) Who are the key players in the Phishing Protection Market?

– Proofpoint, Mimecast, Cisco Systems, Microsoft Corporation, Barracuda Networks, Sophos, Symantec Corporation, Trend Micro, PhishLabs, and Cofense.

4) What are the drivers for the Phishing Protection Market?

– The increasing frequency and sophistication of phishing attacks, regulatory requirements like GDPR and CCPA, the rapid adoption of cloud-based services, and increased awareness of financial and reputational damage from successful attacks are driving organizations to invest in robust protection measures. Advancements in technology, such as artificial intelligence, machine learning, and threat intelligence, are also driving market growth.

5) What are the restraints and challenges in the Phishing Protection Market?

– The phishing protection market faces challenges such as constant phishing techniques, complexity of attacks, proliferation of mobile devices, budget constraints, data privacy concerns, and lack of cybersecurity awareness. Addressing these restraints is crucial for unlocking the full potential of the market and ensuring robust defense against phishing attacks. Continual innovation and adaptation of protection measures are necessary to overcome these restraints.

6) What are the key applications and offerings of the Phishing Protection Market?

– The phishing protection market offers various solutions to detect, prevent, and mitigate attacks. These include email filtering systems, web security gateways, anti-phishing awareness training programs, advanced threat intelligence platforms, and cloud-based services. These services analyze website content and user behavior, provide real-time protection, and offer scalable, cost-effective solutions.

7)Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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