The Global Business Email Compromise Market size was valued at USD 1.40 Billion in 2024, and the total Business Email Compromise Market size is expected to grow at a CAGR of 19.4% from 2025 to 2032, reaching nearly USD 5.78 Billion by 2032.Business Email Compromise Market Overview
A Business Email Compromise (BEC) is a type of cybercrime where phishers use emails to trick individuals into sending money and leaking of confidential company information. The Business Email Compromise Market is expected to grow due to increased remote work and email is a starting point for 91 percent of cyber-attacks. The Business Email Compromise Key Companies such as Abnormal Security, Agari, Avanan and Barracuda Total Email Protection provide the best solutions, which are expected to boost the Business Email Compromise Industry.To know about the Research Methodology :- Request Free Sample Report
Business Email Compromise Market Dynamics
Market Drivers Social, Geographic and Economical Factors Expected to Boost Business Email Compromise Market The increasing poverty and food insecurity around the world and the war situations in many countries are the major contributors to the cybercrimes and are expected to drive the Business Email Compromise Market. Also, developed countries such as the United States facing higher inflation along with increased rates of unemployment and less stable economies are driving people into desperate positions. These factors are the major drivers in the increased cybercrimes such as business email compromise and others and this is expected to drive the Business Email Compromise Market alternatively. Business Email Compromise-Related Attacks Losses nearly US$ 2.3 billion in 2021, Driving Demand for Business Email Compromise Solutions Phishers are now using these types of attacks since they are expected to have attractive payouts. As per the global reports from authentic sources, people and organizations lost almost US$ 2.3 billion to scammers. These scams are highlighting the need for BEC solutions and are expected to drive the Business Email Compromise Market. The major Business Email Compromise Key Companies are also investing in research and development to launch the best solutions against cybercrimes to increase their Business Email Compromise Market Share. Also, it is reported that Australians lost more than US$ 3 billion to phishers in 2023 and millions of Australians experienced financial and non-financial harm. These factors have been driving the adoption of security solutions in regional organizations and government financial institutions. This is expected to propel the growth of the Business Email Compromise Industry in Australia and Asia Pacific. Use of Artificial Intelligence (AI) and Other Technologies Expected to Benefit the Business Email Compromise Market Artificial intelligence technology is evolving and becoming more efficient and intelligent, as it improves an organization’s network security with the help of machine learning and deep learning. The technology also helps in identifying unknown threats of business email compromise and is able to manage vulnerability better and handle a lot of data. Artificial intelligence improves the technologies that companies use to combat cybercriminals and helps organizations keep customer data safe. The adoption of the latest technologies by the Business Email Compromise Key Companies to develop their Business Email Compromise Solutions are expected to drive the global Business Email Compromise Market Growth. Market Restraints The lack of awareness regarding cyber-attacks and business email compromise phishing is expected to limit the Business Email Compromise Market. The high maintenance cost for the Business Email Compromise Solutions is limiting the adoption of these securities since it is difficult for small and medium enterprises to deploy solutions. The report analyzes the market data through SWOT analysis and PESTLE analysis and PORTER’s five force model, which provides solutions on restraining factors of the market and growth opportunities in major geographic regions.Business Email Compromise Market Regional Insights
North America is expected to hold the largest Business Email Compromise Market Revenue Share throughout the forecast period (2024-2030). For instance, on March 13, 2023, it is observed that Silicon Valley Bank’s (SVB) liquidity amidst a downturn in its financial investments quickly turned into an existential crisis. The federal government rushed over the weekend to seek potential buyers to absorb SVB and ensure the continuity of its essential services, while also announcing a guarantee that all depositors are expected to be made whole. This exposed the serious consequences of Business Email Compromising Scams for the bank’s customers and the economy as a whole. These factors are expected to drive the demand for Business Email Compromise Solutions and simultaneously boost the Business Email Compromise Industry in the region. Also, the region’s market growth is expected to be supported by the presence of Business Email Compromise Key Players such as Avanan, Abnormal Security and Agari and others. These are some of the major Business Email Compromise Solution providers, which are expected to have benefits in Business Email Compromising Market Share. The increased digitization of every sector such as healthcare, banking, IT and government across the world has been driving the Business Email Compromise Market. Europe is expected to dominate the market during the forecast period since the increased cases of email phishing. About 79 percent of organizations faced business email compromise attacks in 2023 in which United Kingdom-based organizations are targeted mostly. The UK finance recorded over 122,000 instances of such scams due to which UK businesses losses of nearly 455.8 million euros. These increased Business Email Compromise Threats in European countries are expected to drive the Business Email Compromise Industry. Asia Pacific is expected to grow at the highest CAGR of 18.1 percent during the forecast period in the Business Email Compromise Market. As per the MMR report, Asia Pacific was the most hampered region by the Business Email Compromise Threats. Recently, on January 23, 2023, news popped up that Indian Cricket Council was hit by Business Email Compromise Fraud and lost twenty crores in it. This is expected to increase the need for Business Email Compromise Solutions. This indicates a depth of seriousness regarding Business Email Compromise Frauds and driving the Business Email Compromise Industry in the region.Competitive Landscape
The report provides a competitive benchmarking of Business Email Compromise Key Companies based on their Market Revenue, Market share and Business Email Compromise Market size. The report includes recent developments, mergers and acquisitions and the latest Business Email Compromise Solutions by the major Business Email Compromise Key Players. Such as KKR, a leading global investment firm on April 12, 2022, announced the acquisition of Barracuda Networks Inc., a leading provider of cloud-first security solutions, from Thoma Bravo. Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges, which is one of the major factors behind these acquisitions. These factors have been driving the market Penetration across the world. Also, Tech Data, on October 08, 2022, announced its distribution partnership with MailGuard, a world leader in email security. MailGuard 365 is expected to be available in 6 markets across the Asia Pacific & Japan, namely Hong Kong, India, Indonesia, Malaysia, Singapore and Vietnam. This distribution partnership allows Tech Data to add MailGuard 365, a solution built in Azure with the help of the Microsoft team to protect more than 345 million subscribers from online phishing such as Business Email Compromise Threats. These collaborations are expected to boost the Business Email Compromise Industry.Business Email Compromise Segment Analysis
Based on the Types of BEC Scams, the CEO fraud segment dominates the Business Email Compromise market. The most common and financially devastating kind of Business Email Compromise (BEC) offense is CEO fraud, which is why there is a high demand for specific detection tools. In order to trick staff members into approving wire transfers or disclosing private information, fraudsters pose as senior executives. Businesses are spending more money on AI-powered anomaly detection, identity verification, and behavioral analytics solutions as assaults get more complex and use social engineering and AI-generated communications. The attack surface has grown even more as cloud-based communications and remote work have become more popular. The demand for CEO fraud protection is expected to rise rapidly due to the fact that BEC losses surpass billions of dollars every year. This will significantly impact the BEC market.Based on the Offering, the Solutions segment has the highest market share in the Business Email Compromise market. Due to growing need for automated protection tools and real-time threat detection, the Solutions segment leads the Business Email Compromise (BEC) market. Businesses are giving top priority to AI-powered email security systems that avoid executive impersonation schemes, analyze behavior, and identify spoof identities. The use of cloud-based communication and the sophistication of attacks have made solutions like DMARC enforcement, anomaly detection, and anti-spoofing filters indispensable. Both big businesses and small businesses will find these products' proactive, scalable defensive mechanisms intriguing. BEC's financial losses and regulatory pressures are expected to cause the solutions segment to expand quickly, making a substantial contribution to the market. Based on the Deployment Mode, In the market for Business Email Compromise, Cloud based deployment holds the largest share. The business email compromise (BEC) market is seeing significant expansion and high demand for cloud-based deployment. The growing use of cloud platforms such as Google Workspace and Microsoft 365 has increased an organization's vulnerability to BEC threats, necessitating the implementation of integrated cloud-native security solutions. Cloud-based BEC solutions are particularly appealing to SMEs and remote-first companies because they provide scalability, real-time updates, and cheaper upfront expenses. These platforms also provide behavioral analytics, AI-powered threat detection, and smooth interaction with additional security solutions. With the increasing prevalence of hybrid work environments and the complexity of cyberattacks, cloud-based implementation is anticipated to continue to dominate the market for BEC. Based on the Organization Size, Large Enterprises have a significant market share in the market. The majority of demand in the business email compromise (BEC) market is driven by large enterprises because of their vulnerability to sophisticated cyber threats, intricate communication networks, and high-value transactions. These companies have made significant investments in cutting-edge BEC protection measures because they are common targets of invoice frauds, supplier impersonation, and CEO fraud. Large businesses are placing a higher priority on AI-driven email security, identity verification, and behavioral threat analytics as a result of increasingly stringent regulatory compliance (such as SOX, GDPR, and HIPAA). Cloud platform integration and the move to hybrid work further speed up adoption. As a result, large enterprises continue to dominate the BEC industry. Based on the Vertical, BFSI has a significant market share in the market. In the BEC industry, one of the most focused and rapidly expanding end-user segments is the Banking, Financial Services, and Insurance (BFSI) sector. BEC attacks in BFSI frequently cause large losses because of the sensitivity of financial data and the frequency of high-value transactions. Through executive impersonation, phony payment instructions, and account compromise, cybercriminals take advantage of this industry's trust-based communication mechanisms. Financial institutions are additionally required to invest in strong BEC detection and prevention capabilities by regulatory mandates such as GLBA, FFIEC, and PSD2. Cloud-based email security systems driven by AI are being used by BFSI firms at an increasing rate. A major factor in the market's explosive growth trajectory is this sector's increasing vulnerability and compliance requirements.
Business Email Compromise Market Scope: Inquire before buying
Business Email Compromise Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019-2024 Market Size in 2024: USD 1.40 Bn. Forecast Period 2025-2032 CAGR: 19.4% Market Size in 2032: USD 5.78 Bn. Segments Covered: by Types of BEC Scams Data Theft False Invoice Scheme CEO fraud Lawyer Impersonation Accounts Compromise Others by Offering Solutions Services by Deployment Mode Cloud On-Premise by Organization Size SMEs Large Enterprises by Vertical BFSI Government IT and Telecommunications Energy and Utilities Manufacturing Retail and eCommerce Healthcare Others Business Email Compromise by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Business Email Compromise Key Players include:
1. Proofpoint, Inc. 2. Mimecast 3. Check Point Software Technologies 4. Cisco 5. Broadcom 6. Fortra 7. Trend Micro 8. Zix Corp 9. Barracuda Networks 10. GreatHorn 11. IRONSCALES 12. Fortinet 13. ZeroFox 14. Heimdal Security 15. Acronis International GmbH 16. PhishLabs 17. Redscan 18. Cellopoint 19. Trustifi 20. Abnormal Security 21. Hornetsecurity GmbH 22. Cofense Email Security 23. Other Key PlayersFAQs:
1. What are the growth drivers for the Business Email Compromise Market? Ans. The market for business email compromise is primarily driven by rising financial losses from BEC incidents, as well as rising frequency and sophistication of BEC attacks. 2. What are the major opportunities for growth in the Business Email Compromise Market? Ans. The business email compromise market has a lot of opportunities due to AI-powered threat detection and behavioral analytics as well as the growing need for incident response and forensics tools. 3. Which region is expected to lead the Global Business Email Compromise Market during the forecast period? Ans. North America is expected to lead the Business Email Compromise Market during the forecast period. 4. What is the projected market size and growth rate of the Business Email Compromise Market? Ans. The Business Email Compromise Market size was valued at USD 1.40 Billion in 2024, and the total market revenue is expected to grow at a CAGR of 19.4% from 2025 to 2032, reaching nearly USD 5.78 Billion in 2032. 5. What segments are covered in the Business Email Compromise Market report? Ans. The segments covered in the Business Email Compromise Market report are Types of BEC Scams, Offering, Deployment Mode, Organization Size, Vertical, and Region.
1. Business Email Compromise Market: Executive Summary 1.1 Executive Summary 1.1.1. Market Size (2024) & Forecast (2025-2032), 1.1.2. Market Size (Value) and Market Share (%) - By Segments, Regions and Country 2. Business Email Compromise Market: Competitive Landscape 2.1 MMR Competition Matrix 2.2 Competitive Positioning of Key Players 2.3 Key Players Benchmarking 2.3.1 Company Name 2.3.2 Business Portfolio 2.3.3 End-User Segment 2.3.4 Revenue (2024) 2.3.5 Profit Margin (%) 2.3.6 Approach in Process 2.3.7 Dominant Revenue Location 2.3.8 Market Share (%) 2.3.9 Geographical Presence 2.4 Market Structure 2.4.1 Market Leaders 2.4.2 Market Followers 2.4.3 Emerging Players 2.5 Mergers and Acquisitions Details 3 Business Email Compromise Market: Market Dynamics 3.1 Business Email Compromise Market Trends 3.2 Business Email Compromise Market Dynamics 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunities 3.2.4 Challenges 3.3 PORTER’s Five Forces Analysis 3.4 PESTLE Analysis 3.5 Regulatory Landscape by Region 3.6 Value Chain Analysis 3.7 Key Opinion Leader Analysis for the Industry 3.8 Analysis of Government Schemes and Initiatives for the Industry 4 Business Email Compromise Market: Technological Advancements 4.1 AI-Powered Threat Detection 4.2 Cloud Email Security Gateways 4.3 Natural Language Processing (NLP) for Email Analysis 4.4 Real-Time Email Authentication Protocols 4.5 Multi-Factor Authentication (MFA) Advancements 4.6 Integrated Threat Intelligence Platforms 4.7 Email Encryption Technologies 4.8 Security Awareness & Simulation Tools 5 Business Email Compromise Market: Global Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 5.1 Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 5.1.1 Data Theft 5.1.2 False Invoice Scheme 5.1.3 CEO fraud 5.1.4 Lawyer Impersonation 5.1.5 Accounts Compromise 5.1.6 Others 5.2 Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 5.2.1 Solutions 5.2.2 Services 5.3 Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 5.3.1 Cloud 5.3.2 On-Premises 5.4 Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 5.4.1 SMEs 5.4.2 Large Enterprises 5.5 Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 5.5.1 BFSI 5.5.2 Government 5.5.3 IT and Telecommunications 5.5.4 Energy and Utilities 5.5.5 Manufacturing 5.5.6 Retail and eCommerce 5.5.7 Healthcare 5.5.8 Others 5.6 Business Email Compromise Market Size and Forecast, By Region (2024-2032) 5.6.1 North America 5.6.2 Europe 5.6.3 Asia Pacific 5.6.4 South America 5.6.5 MEA 6 North America Business Email Compromise Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 6.1 North America Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 6.1.1 Data Theft 6.1.2 False Invoice Scheme 6.1.3 CEO fraud 6.1.4 Lawyer Impersonation 6.1.5 Accounts Compromise 6.1.6 Others 6.2 North America Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 6.2.1 Solutions 6.2.2 Services 6.3 North America Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 6.3.1 Cloud 6.3.2 On-Premises 6.4 North America Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 6.4.1 SMEs 6.4.2 Large Enterprises 6.5 North America Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 6.5.1 BFSI 6.5.2 Government 6.5.3 IT and Telecommunications 6.5.4 Energy and Utilities 6.5.5 Manufacturing 6.5.6 Retail and eCommerce 6.5.7 Healthcare 6.5.8 Others 6.6 North America Business Email Compromise Market Size and Forecast, By Country (2024-2032) 6.6.1 United States 6.6.1.1 United States Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 6.6.1.1.1 Data Theft 6.6.1.1.2 False Invoice Scheme 6.6.1.1.3 CEO fraud 6.6.1.1.4 Lawyer Impersonation 6.6.1.1.5 Accounts Compromise 6.6.1.1.6 Others 6.6.1.2 United States Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 6.6.1.2.1 Solutions 6.6.1.2.2 Services 6.6.1.3 United States Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 6.6.1.3.1 Cloud 6.6.1.3.2 On-Premises 6.6.1.4 United States Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 6.6.1.4.1 SMEs 6.6.1.4.2 Large Enterprises 6.6.1.5 United States Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 6.6.1.5.1 BFSI 6.6.1.5.2 Government 6.6.1.5.3 IT and Telecommunications 6.6.1.5.4 Energy and Utilities 6.6.1.5.5 Manufacturing 6.6.1.5.6 Retail and eCommerce 6.6.1.5.7 Healthcare 6.6.1.5.8 Others 6.6.2 Canada 6.6.3 Mexico 7 Europe Business Email Compromise Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 7.1 Europe Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 7.2 Europe Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 7.3 Europe Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 7.4 Europe Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 7.5 Europe Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 7.6 Europe Business Email Compromise Market Size and Forecast, By Country (2024-2032) 7.6.1 United Kingdom 7.6.2 France 7.6.3 Germany 7.6.4 Italy 7.6.5 Spain 7.6.6 Sweden 7.6.7 Austria 7.6.8 Rest of Europe 8 Asia Pacific Business Email Compromise Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 8.1 Asia Pacific Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 8.2 Asia Pacific Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 8.3 Asia Pacific Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 8.4 Asia Pacific Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 8.5 Asia Pacific Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 8.6 Asia Pacific Business Email Compromise Market Size and Forecast, By Country (2024-2032) 8.6.1 China 8.6.2 S Korea 8.6.3 Japan 8.6.4 India 8.6.5 Australia 8.6.6 Malaysia 8.6.7 Vietnam 8.6.8 Thailand 8.6.9 Indonesia 8.6.10 Philippines 8.6.11 Rest of Asia Pacific 9 South America Business Email Compromise Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 9.1 South America Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 9.2 South America Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 9.3 South America Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 9.4 South America Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 9.5 South America Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 9.6 South America Business Email Compromise Market Size and Forecast, By Country (2024-2032) 9.6.1 Brazil 9.6.2 Argentina 9.6.3 Colombia 9.6.4 Chile 9.6.5 Peru 9.6.6 Rest of South America 10 Middle East and Africa Business Email Compromise Market Size and Forecast By Segmentation (by Value in USD Billion) (2024-2032) 10.1 Middle East and Africa Business Email Compromise Market Size and Forecast, By Types of BEC Scams (2024-2032) 10.2 Middle East and Africa Business Email Compromise Market Size and Forecast, By Offering (2024-2032) 10.3 Middle East and Africa Business Email Compromise Market Size and Forecast, By Deployment Mode (2024-2032) 10.4 Middle East and Africa Business Email Compromise Market Size and Forecast, By Organization Size (2024-2032) 10.5 Middle East and Africa Business Email Compromise Market Size and Forecast, By Vertical (2024-2032) 10.6 Middle East and Africa Business Email Compromise Market Size and Forecast, By Country (2024-2032) 10.6.1 South Africa 10.6.2 GCC 10.6.3 Nigeria 10.6.4 Egypt 10.6.5 Turkey 10.6.6 Rest Of MEA 11 Company Profile: Key Players 11.1 Proofpoint, Inc. 11.1.1 Company Overview 11.1.2 Business Portfolio 11.1.3 Financial Overview 11.1.4 SWOT Analysis 11.1.5 Strategic Analysis 11.1.6 Recent Developments 11.2 Mimecast 11.3 Check Point Software Technologies 11.4 Cisco 11.5 Broadcom 11.6 Fortra 11.7 Trend Micro 11.8 Zix Corp 11.9 Barracuda Networks 11.10 GreatHorn 11.11 IRONSCALES 11.12 Fortinet 11.13 ZeroFox 11.14 Heimdal Security 11.15 Acronis International GmbH 11.16 PhishLabs 11.17 Redscan 11.18 Cellopoint 11.19 Trustifi 11.20 Abnormal Security 11.21 Hornetsecurity GmbH 11.22 Cofense Email Security 11.23 Other Key Players 12 Key Findings 13 Analyst Recommendations 14 Business Email Compromise Market – Research Methodology