The global phishing protection market size is expected to reach USD 5.79 billion by 2032, according to a new study by Polaris Market Research. The report “Phishing Protection Market Share, Size, Trends, Industry Analysis Report, By Offering (Solutions, Services); By Type; By Deployment Model; By End Use; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Stringent regulatory requirements are a key driver of the phishing protection market. Mandates such as GDPR and HIPAA impose strict obligations on organizations to safeguard sensitive data and combat cyber threats, including phishing attacks. Non-compliance can lead to significant penalties and reputational harm, compelling businesses to invest in robust protection solutions. Furthermore, as cybercrime tactics evolve, regulatory frameworks continuously adapt, necessitating the adoption of advanced phishing protection technologies. These regulations incentivize organizations to prioritize cybersecurity measures, ensuring compliance, protecting sensitive data, and mitigating legal and financial risks associated with non-compliance.
The surge in remote work culture has fueled the demand for phishing protection solutions. With more employees working from diverse locations, the risk of phishing attacks has escalated. Remote workers, relying heavily on digital communication, are targeted through deceptive emails containing malicious links or requests for sensitive information. To mitigate these threats, organizations are investing in advanced phishing protection technologies. These solutions, incorporating AI, machine learning, and behavioral analysis, detect and thwart attacks in real time. Additionally, comprehensive security awareness training educates remote employees on phishing risks and mitigation strategies. Thus, the proliferation of remote work culture drives the need for effective phishing protection measures.
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The rise in cloud-based solutions influences the phishing protection market. As organizations increasingly transition their operations and data to cloud platforms, the risk of phishing attacks escalates. Cybercriminals exploit cloud vulnerabilities to target sensitive data and users. To counter these threats, businesses are embracing cloud-based phishing protection solutions. Offering centralized management and seamless integration with existing cloud environments, these solutions provide comprehensive protection against evolving phishing threats.
The burgeoning expansion of e-commerce and online banking is accelerating the demand for phishing protection solutions. With more financial transactions and sensitive activities occurring online, cybercriminals increasingly target these platforms through phishing attacks. Fraudulent emails and websites mimic legitimate e-commerce and banking interfaces, deceiving users into disclosing personal information. To combat these threats, businesses invest in advanced phishing protection solutions leveraging AI, machine learning, and behavioral analysis to detect and disrupt phishing attempts promptly. Additionally, organizations conduct customer education and awareness initiatives to empower users in recognizing and reporting phishing scams.
Phishing Protection Market Report Highlights
Polaris Market Research has segmented the Phishing Protection market report based on offering, type, deployment model, end use, and region:
Phishing Protection, Offering Outlook (Revenue - USD Billion, 2019 - 2032)
Phishing Protection, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Phishing Protection, Deployment Model Outlook (Revenue - USD Billion, 2019 - 2032)
Phishing Protection, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Phishing Protection, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 2.18 billion |
Revenue forecast in 2032 |
USD 5.79 billion |
CAGR |
13.0% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
|
Regional scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |