At what pace is the business email compromise market growing, and what is its estimated value?
The business email compromise market size has grown rapidly in recent years. It will grow from $1.9 billion in 2024 to $2.22 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to phishing tactics evolution, exploitation of trust relationships, email spoofing and impersonation, lack of email security measures, financial gain incentive, globalization and remote work.
The business email compromise market size is expected to see rapid growth in the next few years. It will grow to $4.34 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to weaknesses in email security infrastructure, global connectivity and remote work risks, ransomware integration in bec, continued lack of employee training, growing collaboration among cybercriminals. Major trends in the forecast period include global expansion of attacks, cross-channel exploitation, adaptation to security protocols, use of psychological manipulation, email account compromise.
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What are the top drivers to the rising demand in the business email compromise market?
The increasing adoption of cloud-based email services is expected to propel the growth of the business email compromise market going forward. Cloud-based email services are internet-hosted platforms that enable users to send, receive, and store emails without needing local servers or infrastructure. Cloud-based email services enhance business email compromise (BEC) protection through integrated advanced security, centralized monitoring, and scalability, creating demand for specialized business email compromise prevention solutions and services. For instance, in July 2024, according to the Eurostat, a Luxembourg-based government organization, European enterprises use cloud services mostly for email (79%) and file storage (66%). Other popular uses are office software (61%), financial/accounting software (47%) and hosting enterprise databases (46%). Therefore, increasing adoption of cloud-based email services is driving the growth of the business email compromise market.
How is the business email compromise market segmented?
The business email compromise market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: SMEs (Small And Medium Enterprises), Large Enterprises
4) By Vertical: Banking, Financial Services And Insurance, Government, Information Technology And Information Technology Enabled Services, Energy And Utilities, Manufacturing, Retail And E-Commerce, Healthcare, Other Verticals
Subsegments:
1) By Solutions: Email Authentication Solutions, Threat Intelligence Tools, Fraud Detection Software, Security Information And Event Management (SIEM)
2) By Services: Incident Response Services, Security Awareness Training, Vulnerability Assessment Services, Managed Security Services
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Who are the top competitors in the business email compromise market?
Major companies operating in the business email compromise market report are Microsoft Corporation, Cisco Systems Inc., Broadcom Inc., Fortinet Inc., OpenText Corporation, Check Point Software Technologies Ltd., Trend Micro Inc., Cloudflare Inc., Fortra LLC, Symphony Technology Group, Mimecast Limited, Barracuda Networks Inc., Acronis International GmbH, Egress Software Technologies Ltd., Zix Corp, ZeroFox Holdings Inc., Tessian Limited, SafeGuard Cyber Inc., Heimdal Security A/S, Cofense Bidco Corporation, Agari Data Inc., Virtru Corporation, Ironscales Inc., Valimail Inc., Redscan Cyber Security Ltd., Abnormal Security Corporation, Trustifi LLC, Retruster Ltd., Cellopoint International Corp., GreatHorn Inc.
What significant trends should we anticipate in the business email compromise market over the forecast period?
Major companies operating in the business email compromise market are increasing their focus on developing innovative technologies, such as artificial intelligence solutions, to gain a competitive edge in the market. An artificial intelligence (AI) solution is a software application that uses AI techniques to solve a specific problem or task. For instance, in February 2023, SlashNext Inc., a US-based computer and network security company, launched Generative HumanAI, the industry’s first artificial intelligence product that employs generative AI to protect against advanced business email compromise (BEC), supply chain assaults, financial fraud, and executive impersonation. The solution automatically uses AI data augmentation and cloning technologies to generate thousands of potential BEC threats. The human AI solution then analyzes these with natural language processing to learn how to detect malicious emails better.
Which regional trends are influencing the business email compromise market, and which area dominates the industry?
North America was the largest region in the business email compromise market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business email compromise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Business Email Compromise Market Report 2025 Offer?
The business email compromise market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Business email compromise (BEC) is a form of cybercrime where attackers deceive individuals into transferring funds or sensitive information by impersonating trusted entities through fraudulent emails. It often involves social engineering tactics to manipulate recipients into taking unauthorized actions.
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