The phishing protection market was USD 2,307.5 million in 2023, which will power at a rate of 13.7% by the end go this decade, to touch USD 5,609.3 million by 2030. This is because of the growing phishing attacks and continuing tech progressions.
Furthermore, a surge in remote working and an increase in the acceptance of cloud-based communication increase the cases of phishing threats, which drives the requirement for solutions of phishing protection.
Furthermore, tech progressions, developing vectors, and regulatory compliance power the requirement for flexible and state-of-the-art phishing protection strategies. These elements have aided players in incessant battle to stop determined and dynamic cyber threats.
The healthcare category will grow the fastest at a rate of 14.4% by the end of this decade. This development is related with the growing count of phishing attacks in the healthcare sector, as a result of human faults, third-party susceptibilities, outdated tech, and the unawareness of healthcare staff pertaining to online threats.
APAC will have the fastest growth, progressing at a rate of 14.2% by the end of this decade. This is majorly because of the continuing and dynamic digital revolution of various industries and the growing acceptance of cutting-edge cybersecurity measures for protecting digital assets.
The growing count of phishing attacks all over the world has a lot to do with the growing demand for phishing protection solutions all over the world. This trend will continue to grow in the years to come as well.
