The Latin America, Middle East and Africa Business Email Compromise (BEC) Market would witness market growth of 25.8% CAGR during the forecast period (2022-2028).
The cybercriminal gains access to the company's email system via malware or another phishing method. The cybercriminal next hijacks an employee email address, which is often employed to request payment for invoices and money transfers. The hacker emails the compromised account requesting that another employee execute a money transfer or pay an invoice to a particular account. The email is frequently sent in an urgent tone. The targeted employee gives money unintentionally to a fraudulent account linked to the cybercriminal because they believe the email sender is trustworthy.
A cybercriminal approaches the CEO or staff of the company while pretending to be a lawyer operating on behalf of a client. The culprit makes it apparent that this email exchange is private and time-sensitive. The BEC victim provides the necessary monies because they feel pressured to do so and because they think it is the correct thing to do. Cybercriminals that are astute frequently employ this BEC technique on a Friday afternoon or just before a holiday whenever they realize the email recipient is pressed for time.
The government of Dubai introduced the Dubai Cyber Security Strategy, which focuses on five key areas as well: becoming a cyber-smart nation through public awareness, development through research, cyber resilience ensuring a steady supply of IT systems, customer cybersecurity, and domestic & international collaboration in cyberspace. All governmental agencies and companies in the UAE that have been designated as vital infrastructure are required to adhere to these regulations. The regional business email compromise (BEC) market would experience explosive growth in the upcoming years as a result of the increased emphasis on cybersecurity by governments and businesses in the region.
The Brazil market dominated the LAMEA Business Email Compromise (BEC) Market by Country in 2021, thereby, achieving a market value of $72.7 million by 2028. The Argentina market would showcase a CAGR of 26.4% during (2022 - 2028). Additionally, The UAE market is experiencing a CAGR of 25.4% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & eCommerce, Manufacturing, Government, Energy & Utilities, Healthcare and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Business Email Compromise (BEC) Market is Predict to reach $3.3 Billion by 2028, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Check Point Software Technologies Ltd., Broadcom, Inc., Fortinet, Inc., Cisco Systems, Inc., Trend Micro, Inc., Proofpoint, Inc., Mimecast Limited, Barracuda Networks, Inc. (Thoma Bravo), Agari (HelpSystems, LLC) and Zix Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Deployment Mode
By Organization Size
By Vertical
- BFSI
- IT & ITeS
- Retail & eCommerce
- Manufacturing
- Government
- Energy & Utilities
- Healthcare
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Check Point Software Technologies Ltd.
- Broadcom, Inc.
- Fortinet, Inc.
- Cisco Systems, Inc.
- Trend Micro, Inc.
- Proofpoint, Inc.
- Mimecast Limited
- Barracuda Networks, Inc. (Thoma Bravo)
- Agari (HelpSystems, LLC)
- Zix Corporation
TABLE 1 LAMEA Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 4 LAMEA Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 5 LAMEA Solutions Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Solutions Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 10 LAMEA Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 11 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA On-premises Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA On-premises Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 LAMEA Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 22 LAMEA Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 23 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA IT & ITeS Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA IT & ITeS Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Retail & eCommerce Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Retail & eCommerce Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Business Email Compromise (BEC) Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Business Email Compromise (BEC) Market by Country, 2022 - 2028, USD Million
TABLE 41 Brazil Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 42 Brazil Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 43 Brazil Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 44 Brazil Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 45 Brazil Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 46 Brazil Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 47 Brazil Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 48 Brazil Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 49 Brazil Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 50 Brazil Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 51 Argentina Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 52 Argentina Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 53 Argentina Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 54 Argentina Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 55 Argentina Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 56 Argentina Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 57 Argentina Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 58 Argentina Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 59 Argentina Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 60 Argentina Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 61 UAE Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 62 UAE Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 63 UAE Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 64 UAE Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 65 UAE Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 66 UAE Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 67 UAE Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 68 UAE Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 69 UAE Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 70 UAE Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 81 South Africa Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 82 South Africa Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 83 South Africa Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 84 South Africa Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 85 South Africa Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 86 South Africa Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 87 South Africa Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 88 South Africa Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 89 South Africa Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 90 South Africa Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 91 Nigeria Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 92 Nigeria Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 93 Nigeria Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 94 Nigeria Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 95 Nigeria Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 96 Nigeria Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 97 Nigeria Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 98 Nigeria Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 99 Nigeria Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 100 Nigeria Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Business Email Compromise (BEC) Market, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Business Email Compromise (BEC) Market, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Business Email Compromise (BEC) Market by Offering, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Business Email Compromise (BEC) Market by Offering, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Business Email Compromise (BEC) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Business Email Compromise (BEC) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Business Email Compromise (BEC) Market by Organization Size, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Business Email Compromise (BEC) Market by Organization Size, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Business Email Compromise (BEC) Market by Vertical, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Business Email Compromise (BEC) Market by Vertical, 2022 - 2028, USD Million
TABLE 111 Key Information – Check Point Software Technologies Ltd.
TABLE 112 Key Information – Broadcom, Inc.
TABLE 113 key information – Fortinet, Inc.
TABLE 114 Key Information – Cisco Systems, Inc.
TABLE 115 Key Information – Trend Micro, Inc.
TABLE 116 key information – Proofpoint, Inc.
TABLE 117 Key Information – Mimecast Limited
TABLE 118 key information – Barracuda Networks, Inc.
TABLE 119 Key Information – Agari
TABLE 120 Key Information – Zix Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Broadcom, Inc.
FIG 3 SWOT Analysis: Cisco Systems, Inc.