The North America Phishing Protection Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
The usage of this protection systems has increased mostly due to growing awareness of cybersecurity concerns. High-profile breaches and data leaks have underscored the potential consequences of phishing attacks, prompting organizations to prioritize cybersecurity measures. The sheer volume and frequency of phishing attacks have risen exponentially, targeting individuals and organizations indiscriminately. The evolving tactics employed by cybercriminals, including highly targeted spear phishing campaigns, have heightened the urgency for robust protection measures.
Certain industries, such as finance, healthcare, and government, face industry-specific threats due to the nature of the data they handle. The awareness of being prime targets for cyberattacks has driven increased adoption of specialized protection solutions tailored to address sector-specific challenges. The shift towards remote work has expanded the attack surface for cybercriminals, making organizations more vulnerable to phishing attempts. The need to secure remote communication channels and protect dispersed workforces has accelerated the adoption of protection solutions.
As per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada, or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. Similarly, the Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Phishing Protection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,293.1 million by 2030. The Canada market is experiencing a CAGR of 15.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.1% during (2023 - 2030).
Free Valuable Insights: The Phishing Protection Market is Predict to reach USD 5.2 billion by 2030, at a CAGR of 13.3%
Based on Offering, the market is segmented into Solution, and Services. Based on Solution Type, the market is segmented into Email Security Solutions, Training & Simulation, and Advanced Threat Intelligence. Based on Services Type, the market is segmented into Professional Services, and Managed Services. Based on Sub-type, the market is segmented into Email-based Phishing, and Non-Email-based Phishing. Based on Deployment, the market is segmented into Cloud, and On premise. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Vertical, the market is segmented into IT & ITeS, Government & Defense, Media & Entertainment, Healthcare & Lifesciences, Retail, BFSI, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Offering
By Sub-type
By Deployment
By Enterprise Size
By Vertical
By Country
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