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The global business email compromise market, valued at USD 1.20 Billion in 2023, is projected to reach USD 6.64 Billion by 2032, growing at a compound annual growth rate (CAGR) of 22.24% during the forecast period.
A Business Email Compromise (BEC) is a type of cybercrime where scammers employ deceptive emails to trick individuals into revealing sensitive company information and sending money. With the increasing prevalence of remote work and the alarming statistic that 91 percent of cyberattacks originate from emails, the business email compromise market is expected to witness significant growth. Prominent players in the industry, such as Abnormal Security, Agari, Avanan, and Barracuda Total Email Protection, are poised to contribute to this expansion by offering cutting-edge solutions to combat BEC threats.
Drivers
Massive financial losses because of BEC crimes.
Artificial Intelligence (AI) and Other Technologies Will Possibly Help the Business Email Compromise Market.
In today's digital landscape, email systems have become a breeding ground for a wide array of malicious activities. From cunning phishing schemes and insidious virus attacks to bothersome spam emails and insidious identity thefts, cybercriminals are constantly devising new methods to exploit the vulnerabilities of this communication channel. Moreover, the emergence of zero-day attacks and advanced persistent threats (APTs) has further intensified the risks associated with email security. The significance of safeguarding email systems against these threats cannot be overstated. With each passing day, the potential for data breaches looms large, posing a grave danger to individuals and organizations alike.
Restrains
Use of pirated email security software and free, open-source software
Opportunities
Increasing adoption of BEC solutions enabled by ML/AI
A BEC scam uses the appearance of a trustworthy source to trick victims into transmitting fictitious payment information. BEC scams include, among other things, the theft of gift cards, cash redirection, and false supplier invoices. BEC scams include, among other things, the theft of gift cards, cash redirection, and false supplier invoices. Vendors in the sector utilize AI/ML capabilities to evaluate each email message in an effort to prevent BEC fraud. Mimecast, Proofpoint, Agari, Cisco, Check Point, Trend Micro, and Abnormal Security are a few examples of such providers. ML/AI-powered BEC detection solutions aid in more effectively recognizing and thwarting email fraud attacks in order to avoid any serious financial losses. Email dangers are evolving and growing increasingly difficult to thwart. Organizations can recognize and prevent phishing and business email compromise (BEC) threats using AI and ML approaches.
Challenges
Lack of knowledge about BEC solutions among businesses.
During times of geopolitical tension or conflict, there's often an increased focus on national security and cybersecurity. This heightened awareness might lead businesses to invest more in cybersecurity measures, including protection against BEC attacks. Geopolitical events can alter the focus of cybercriminals. They might shift their attention to sectors and industries related to the conflict, such as defense contractors, government agencies, or companies with ties to the conflict zone. This could influence the types of BEC attacks being conducted. Cybercriminals often use current events and geopolitical themes to craft more convincing phishing emails. They might leverage the Russia-Ukraine war as a subject or pretext to deceive recipients into clicking malicious links or sharing sensitive information. Geopolitical conflicts can lead to economic instability, which might impact overall business activities. This could indirectly affect the BEC market by potentially reducing the number of successful attacks due to reduced business interactions or financial constraints. If the conflict leads to international tensions or agreements, law enforcement agencies might collaborate more closely to combat cybercrime. This could lead to more effective crackdowns on BEC operations.
During a recession, businesses might be facing financial pressures and cost-cutting measures. This could lead to reduced investments in cybersecurity infrastructure, making them more vulnerable to cyberattacks, including BEC attacks. As businesses focus on survival and financial stability, they might inadvertently overlook cybersecurity best practices. In times of economic downturn, cybercriminals could exploit the uncertainty and desperation faced by businesses. BEC attackers often use social engineering tactics to manipulate emotions and pressure individuals into making hasty decisions. Recession-induced financial stress could amplify the success of these tactics, as individuals might be more willing to comply with requests that promise financial relief or stability. The COVID-19 pandemic has already forced many businesses to adopt remote work practices. During a recession, remote work might continue to be prevalent. This could create challenges in maintaining secure communication channels and verifying the authenticity of email requests, making it easier for attackers to exploit the situation. A recession might result in a higher volume of financial transactions, including requests for loans, grants, and financial assistance. Attackers could leverage BEC techniques to intercept these transactions, redirect funds, or impersonate legitimate organizations to steal money earmarked for economic relief efforts. Governments and law enforcement agencies might prioritize economic stability and recovery during a recession. This could potentially divert resources away from cybersecurity efforts. As a result, attackers might perceive a reduced risk of being caught, emboldening them to carry out more BEC attacks.
BFSI will have the greatest market size by vertical throughout the forecast.
The finance industry is riddled with BEC scams because money is exchanged between firms often and in substantial amounts. The fact that the payouts are frequently substantially bigger than those of conventional email phishing schemes is another factor contributing to their popularity in the BFSI sector. The dangers associated with the client relationship that comes into play indicate a paradigm shift in the way these attacks are being carried out. For instance, during a BEC attack, banks are unable to determine if a request is being made on behalf of an impersonated business executive or is being made on behalf of a real client. Frequently, the client may experience confusion throughout the procedure and may lose faith in the financial institution's security as a result of the incident. Due to the frequent email communication of extremely sensitive financial information, the BFSI industry is a pioneer in the adoption of cutting-edge technology solutions. Due to the increased adoption of the BYOD and WFH trends brought on by COVID-19, there have been more spear phishing and BEC attacks on the BFSI infrastructure. Due to the sensitive and private information they handle, BFSI organizations are subject to strict data security regulations. As a result, there is a growing need for BEC solutions in the BFSI sector.
Regarding the largest number of distributors of BEC solutions, North America rules the global BEC market. The province has the highest advanced security technology adoption and development. The overall security of the communications technology used in the area is governed by a number of laws. The National Institute of Standards and Technology (NIST), which sets rules to protect vital infrastructure, inspires US businesses. Regulations like HIPAA, GLBA, SOX, and others help businesses protect the private information of their clients. In the area, cyberattacks are happening increasingly frequently.
In recent years, the Asia Pacific region has seen significant economic expansion, a variety of types of development, and cultural change. Asia Pacific is anticipated to experience increasing BEC service adoption as companies and SMEs across vertical markets implement BEC solutions for data encryption.
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The major players in market are Barracuda Networks, Proofpoint, Mimecast, GreatHorn, Cisco, Agari, Trend Micro, Check Point, Zix, IRONSCALES, Area 1 Security, Heimdal Security, Clearswift, Fortinet, Broadcom, Tessian, Terranova Security, Cellopoint, Trustifi, ZeroFox, Acronis, Redscan, Armorblox, Abnormal Security, PhishLabs, and others
In May 2022, LogicHub released AuDRA (Autonomous Detection & Response Assistant), the company's solution to identify risks, inconsistencies, and threats from many security-related events occurring throughout the system, cloud, terminating point, and hybrid information sources. The first company to use bot-enabled technology to quicken the production of threat detection events to support security teams and act as a key enabler is LogicHub.
Check Point revealed in August 2021 that it has acquired Avanan, a rapidly expanding cloud email security firm. Avanan will be integrated into the Check Point Infinity architecture, and the unified solution will shield employees against phishing emails, websites, and endpoints as well as harmful files and URLs.
Mimecast established a strategic alliance with CrowdStrike-owned Humio in August 2021. The solution is made to send threat intelligence via email with cutting-edge threat detection, investigation, and hunting capabilities.
Report Attributes | Details |
Market Size in 2023 | US$ 1.20 Billion |
Market Size by 2032 | US$ 6.64 Billion |
CAGR | CAGR of 22.24% From 2024 to 2032 |
Base Year | 2024 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Offering (Solutions, Services) • By Organization Size (SMEs, Large Enterprises) • By Deployment Mode (Cloud, On-premises) • By Vertical (BFSI, Government, IT & ITeS, Retail & eCommerce, Manufacturing, Energy & Utilities, Healthcare, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | Barracuda Networks, Proofpoint, Mimecast, GreatHorn, Cisco, Agari, Trend Micro, Check Point, Zix, IRONSCALES, Area 1 Security, Heimdal Security, Clearswift, Fortinet, Broadcom, Tessian, Terranova Security, Cellopoint, Trustifi, ZeroFox, Acronis, Redscan, Armorblox, Abnormal Security, PhishLabs |
Key Drivers | • Massive financial losses because of BEC crimes. • Artificial Intelligence (AI) and Other Technologies Will Possibly Help the Business Email Compromise Market |
Market Restraints | • Use of pirated email security software and free, open-source software |
Ans: The market is expected to grow to USD 6.64 billion by the forecast period of 2032.
Ans. The CAGR of the Business Email Compromise Market for the forecast period 2024-2032 is 22.24 %.
Ans. The major players in the market are Barracuda Networks, Proofpoint, Mimecast, GreatHorn, Cisco, Fortinet, Broadcom, Tessian, Terranova Security, Cellopoint, Trustifi, ZeroFox, Acronis, Redscan, Armorblox, Abnormal Security, PhishLabs, and others.
Ans: North American region is dominating the Business Email Compromise Market
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Business Email Compromise Market Segmentation, By Offering
8.1 Solutions
8.2 Services
9. Business Email Compromise Market Segmentation, By Organizational Size
9.1 Small & Medium Enterprises
9.2 Large Enterprises
10. Business Email Compromise Market Segmentation, By Deployment Mode
10.1 Cloud
10.2 On-premises
11.Business Email Compromise Market Segmentation, By Verticals
11.1 BFSI
11.2 Government
11.3 IT & ITeS
11.4 Retail & eCommerce
11.5 Manufacturing
11.6 Energy & Utilities
11.7 Healthcare
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Business Email Compromise Market By Country
12.2.2 North America Business Email Compromise Market By Components
12.2.3 North America Business Email Compromise Market By Organizational Size
12.2.4 North America Business Email Compromise Market By Deployment Mode
12.2.5 North America Business Email Compromise Market By Verticals
12.2.6 USA
12.2.6.1 USA Business Email Compromise Market By Components
12.2.6.2 USA Business Email Compromise Market By Organizational Size
12.2.6.3 USA Business Email Compromise Market By Deployment Mode
12.2.6.4 USA Business Email Compromise Market By Verticals
12.2.7 Canada
12.2.7.1 Canada Business Email Compromise Market By Components
12.2.7.2 Canada Business Email Compromise Market By Organizational Size
12.2.7.3 Canada Business Email Compromise Market By Deployment Mode
12.2.7.4 Canada Business Email Compromise Market By Verticals
12.2.8 Mexico
12.2.8.1 Mexico Business Email Compromise Market By Components
12.2.8.2 Mexico Business Email Compromise Market By Organizational Size
12.2.8.3 Mexico Business Email Compromise Market By Deployment Mode
12.2.8.4 Mexico Business Email Compromise Market By Verticals
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Business Email Compromise Market By Country
12.3.1.2 Eastern Europe Business Email Compromise Market By Components
12.3.1.3 Eastern Europe Business Email Compromise Market By Organizational Size
12.3.1.4 Eastern Europe Business Email Compromise Market By Deployment Mode
12.3.1.5 Eastern Europe Business Email Compromise Market By Verticals
12.3.1.6 Poland
12.3.1.6.1 Poland Business Email Compromise Market By Components
12.3.1.6.2 Poland Business Email Compromise Market By Organizational Size
12.3.1.6.3 Poland Business Email Compromise Market By Deployment Mode
12.3.1.6.4 Poland Business Email Compromise Market By Verticals
12.3.1.7 Romania
12.3.1.7.1 Romania Business Email Compromise Market By Components
12.3.1.7.2 Romania Business Email Compromise Market By Organizational Size
12.3.1.7.3 Romania Business Email Compromise Market By Deployment Mode
12.3.1.7.4 Romania Business Email Compromise Market By Verticals
12.3.1.8 Hungary
12.3.1.8.1 Hungary Business Email Compromise Market By Components
12.3.1.8.2 Hungary Business Email Compromise Market By Organizational Size
12.3.1.8.3 Hungary Business Email Compromise Market By Deployment Mode
12.3.1.8.4 Hungary Business Email Compromise Market By Verticals
12.3.1.9 Turkey
12.3.1.9.1 Turkey Business Email Compromise Market By Components
12.3.1.9.2 Turkey Business Email Compromise Market By Organizational Size
12.3.1.9.3 Turkey Business Email Compromise Market By Deployment Mode
12.3.1.9.4 Turkey Business Email Compromise Market By Verticals
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Business Email Compromise Market By Components
12.3.1.10.2 Rest of Eastern Europe Business Email Compromise Market By Organizational Size
12.3.1.10.3 Rest of Eastern Europe Business Email Compromise Market By Deployment Mode
12.3.1.10.4 Rest of Eastern Europe Business Email Compromise Market By Verticals
12.3.2 Western Europe
12.3.2.1 Western Europe Business Email Compromise Market By Country
12.3.2.2 Western Europe Business Email Compromise Market By Components
12.3.2.3 Western Europe Business Email Compromise Market By Organizational Size
12.3.2.4 Western Europe Business Email Compromise Market By Deployment Mode
12.3.2.5 Western Europe Business Email Compromise Market By Verticals
12.3.2.6 Germany
12.3.2.6.1 Germany Business Email Compromise Market By Components
12.3.2.6.2 Germany Business Email Compromise Market By Organizational Size
12.3.2.6.3 Germany Business Email Compromise Market By Deployment Mode
12.3.2.6.4 Germany Business Email Compromise Market By Verticals
12.3.2.7 France
12.3.2.7.1 France Business Email Compromise Market By Components
12.3.2.7.2 France Business Email Compromise Market By Organizational Size
12.3.2.7.3 France Business Email Compromise Market By Deployment Mode
12.3.2.7.4 France Business Email Compromise Market By Verticals
12.3.2.8 UK
12.3.2.8.1 UK Business Email Compromise Market By Components
12.3.2.8.2 UK Business Email Compromise Market By Organizational Size
12.3.2.8.3 UK Business Email Compromise Market By Deployment Mode
12.3.2.8.4 UK Business Email Compromise Market By Verticals
12.3.2.9 Italy
12.3.2.9.1 Italy Business Email Compromise Market By Components
12.3.2.9.2 Italy Business Email Compromise Market By Organizational Size
12.3.2.9.3 Italy Business Email Compromise Market By Deployment Mode
12.3.2.9.4 Italy Business Email Compromise Market By Verticals
12.3.2.10 Spain
12.3.2.10.1 Spain Business Email Compromise Market By Components
12.3.2.10.2 Spain Business Email Compromise Market By Organizational Size
12.3.2.10.3 Spain Business Email Compromise Market By Deployment Mode
12.3.2.10.4 Spain Business Email Compromise Market By Verticals
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Business Email Compromise Market By Components
12.3.2.11.2 Netherlands Business Email Compromise Market By Organizational Size
12.3.2.11.3 Netherlands Business Email Compromise Market By Deployment Mode
12.3.2.11.4 Netherlands Business Email Compromise Market By Verticals
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Business Email Compromise Market By Components
12.3.2.12.2 Switzerland Business Email Compromise Market By Organizational Size
12.3.2.12.3 Switzerland Business Email Compromise Market By Deployment Mode
12.3.2.12.4 Switzerland Business Email Compromise Market By Verticals
12.3.2.13 Austria
12.3.2.13.1 Austria Business Email Compromise Market By Components
12.3.2.13.2 Austria Business Email Compromise Market By Organizational Size
12.3.2.13.3 Austria Business Email Compromise Market By Deployment Mode
12.3.2.13.4 Austria Business Email Compromise Market By Verticals
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Business Email Compromise Market By Components
12.3.2.14.2 Rest of Western Europe Business Email Compromise Market By Organizational Size
12.3.2.14.3 Rest of Western Europe Business Email Compromise Market By Deployment Mode
12.3.2.14.4 Rest of Western Europe Business Email Compromise Market By Verticals
12.4 Asia-Pacific
12.4.1 Asia Pacific Business Email Compromise Market By Country
12.4.2 Asia Pacific Business Email Compromise Market By Components
12.4.3 Asia Pacific Business Email Compromise Market By Organizational Size
12.4.4 Asia Pacific Business Email Compromise Market By Deployment Mode
12.4.5 Asia Pacific Business Email Compromise Market By Verticals
12.4.6 China
12.4.6.1 China Business Email Compromise Market By Components
12.4.6.2 China Business Email Compromise Market By Organizational Size
12.4.6.3 China Business Email Compromise Market By Deployment Mode
12.4.6.4 China Business Email Compromise Market By Verticals
12.4.7 India
12.4.7.1 India Business Email Compromise Market By Components
12.4.7.2 India Business Email Compromise Market By Organizational Size
12.4.7.3 India Business Email Compromise Market By Deployment Mode
12.4.7.4 India Business Email Compromise Market By Verticals
12.4.8 Japan
12.4.8.1 Japan Business Email Compromise Market By Components
12.4.8.2 Japan Business Email Compromise Market By Organizational Size
12.4.8.3 Japan Business Email Compromise Market By Deployment Mode
12.4.8.4 Japan Business Email Compromise Market By Verticals
12.4.9 South Korea
12.4.9.1 South Korea Business Email Compromise Market By Components
12.4.9.2 South Korea Business Email Compromise Market By Organizational Size
12.4.9.3 South Korea Business Email Compromise Market By Deployment Mode
12.4.9.4 South Korea Business Email Compromise Market By Verticals
12.4.10 Vietnam
12.4.10.1 Vietnam Business Email Compromise Market By Components
12.4.10.2 Vietnam Business Email Compromise Market By Organizational Size
12.4.10.3 Vietnam Business Email Compromise Market By Deployment Mode
12.4.10.4 Vietnam Business Email Compromise Market By Verticals
12.4.11 Singapore
12.4.11.1 Singapore Business Email Compromise Market By Components
12.4.11.2 Singapore Business Email Compromise Market By Organizational Size
12.4.11.3 Singapore Business Email Compromise Market By Deployment Mode
12.4.11.4 Singapore Business Email Compromise Market By Verticals
12.4.12 Australia
12.4.12.1 Australia Business Email Compromise Market By Components
12.4.12.2 Australia Business Email Compromise Market By Organizational Size
12.4.12.3 Australia Business Email Compromise Market By Deployment Mode
12.4.12.4 Australia Business Email Compromise Market By Verticals
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Business Email Compromise Market By Components
12.4.13.2 Rest of Asia-Pacific Business Email Compromise Market By Organizational Size
12.4.13.3 Rest of Asia-Pacific Business Email Compromise Market By Deployment Mode
12.4.13.4 Rest of Asia-Pacific Business Email Compromise Market By Verticals
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Business Email Compromise Market By Country
12.5.1.2 Middle East Business Email Compromise Market By Components
12.5.1.3 Middle East Business Email Compromise Market By Organizational Size
12.5.1.4 Middle East Business Email Compromise Market By Deployment Mode
12.5.1.5 Middle East Business Email Compromise Market By Verticals
12.5.1.6 UAE
12.5.1.6.1 UAE Business Email Compromise Market By Components
12.5.1.6.2 UAE Business Email Compromise Market By Organizational Size
12.5.1.6.3 UAE Business Email Compromise Market By Deployment Mode
12.5.1.6.4 UAE Business Email Compromise Market By Verticals
12.5.1.7 Egypt
12.5.1.7.1 Egypt Business Email Compromise Market By Components
12.5.1.7.2 Egypt Business Email Compromise Market By Organizational Size
12.5.1.7.3 Egypt Business Email Compromise Market By Deployment Mode
12.5.1.7.4 Egypt Business Email Compromise Market By Verticals
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Business Email Compromise Market By Components
12.5.1.8.2 Saudi Arabia Business Email Compromise Market By Organizational Size
12.5.1.8.3 Saudi Arabia Business Email Compromise Market By Deployment Mode
12.5.1.8.4 Saudi Arabia Business Email Compromise Market By Verticals
12.5.1.9 Qatar
12.5.1.9.1 Qatar Business Email Compromise Market By Components
12.5.1.9.2 Qatar Business Email Compromise Market By Organizational Size
12.5.1.9.3 Qatar Business Email Compromise Market By Deployment Mode
12.5.1.9.4 Qatar Business Email Compromise Market By Verticals
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Business Email Compromise Market By Components
12.5.1.10.2 Rest of Middle East Business Email Compromise Market By Organizational Size
12.5.1.10.3 Rest of Middle East Business Email Compromise Market By Deployment Mode
12.5.1.10.4 Rest of Middle East Business Email Compromise Market By Verticals
12.5.2. Africa
12.5.2.1 Africa Business Email Compromise Market By Country
12.5.2.2 Africa Business Email Compromise Market By Components
12.5.2.3 Africa Business Email Compromise Market By Organizational Size
12.5.2.4 Africa Business Email Compromise Market By Deployment Mode
12.5.2.5 Africa Business Email Compromise Market By Verticals
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Business Email Compromise Market By Components
12.5.2.6.2 Nigeria Business Email Compromise Market By Organizational Size
12.5.2.6.3 Nigeria Business Email Compromise Market By Deployment Mode
12.5.2.6.4 Nigeria Business Email Compromise Market By Verticals
12.5.2.7 South Africa
12.5.2.7.1 South Africa Business Email Compromise Market By Components
12.5.2.7.2 South Africa Business Email Compromise Market By Organizational Size
12.5.2.7.3 South Africa Business Email Compromise Market By Deployment Mode
12.5.2.7.4 South Africa Business Email Compromise Market By Verticals
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Business Email Compromise Market By Components
12.5.2.8.2 Rest of Africa Business Email Compromise Market By Organizational Size
12.5.2.8.3 Rest of Africa Business Email Compromise Market By Deployment Mode
12.5.2.8.4 Rest of Africa Business Email Compromise Market By Verticals
12.6. Latin America
12.6.1 Latin America Business Email Compromise Market By Country
12.6.2 Latin America Business Email Compromise Market By Components
12.6.3 Latin America Business Email Compromise Market By Organizational Size
12.6.4 Latin America Business Email Compromise Market By Deployment Mode
12.6.5 Latin America Business Email Compromise Market By Verticals
12.6.6 Brazil
12.6.6.1 Brazil Business Email Compromise Market By Components
12.6.6.2 Brazil Business Email Compromise Market By Organizational Size
12.6.6.3 Brazil Business Email Compromise Market By Deployment Mode
12.6.6.4 Brazil Business Email Compromise Market By Verticals
12.6.7 Argentina
12.6.7.1 Argentina Business Email Compromise Market By Components
12.6.7.2 Argentina Business Email Compromise Market By Organizational Size
12.6.7.3 Argentina Business Email Compromise Market By Deployment Mode
12.6.7.4 Argentina Business Email Compromise Market By Verticals
12.6.8 Colombia
12.6.8.1 Colombia Business Email Compromise Market By Components
12.6.8.2 Colombia Business Email Compromise Market By Organizational Size
12.6.8.3 Colombia Business Email Compromise Market By Deployment Mode
12.6.8.4 Colombia Business Email Compromise Market By Verticals
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Business Email Compromise Market By Components
12.6.9.2 Rest of Latin America Business Email Compromise Market By Organizational Size
12.6.9.3 Rest of Latin America Business Email Compromise Market By Deployment Mode
12.6.9.4 Rest of Latin America Business Email Compromise Market By Verticals
13 Company Profile
13.1 Barracuda Networks
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Proofpoint.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Mimecast.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 GreatHorn.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Cisco.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Agari.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Trend Micro.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Check Point.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 IRONSCALES.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Heimdal Security.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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