Phishing Protection Market Trends, Size, Opportunities, Sales Revenue

Jonytoal20 Feb, 2024Business

The global phishing protection market is estimated to be worth USD 2.2 billion in 2023 and is projected to reach USD 4.1 billion by 2028, at a CAGR of 13.5% during the forecast period. The driving force behind the robust growth of the phishing protection market is the relentless and ever-evolving nature of cyber threats, particularly phishing attacks. As cyber criminals deploy increasingly sophisticated tactics, such as spear phishing and social engineering, organizations across various industries must invest significantly in advanced cybersecurity measures. The escalating frequency and severity of phishing incidents and the imperative to protect sensitive data and intellectual property and maintain regulatory compliance underscore the critical need for comprehensive phishing protection solutions. The pervasive adoption of digital communication channels,