China Phishing Protection Market is Forecast to Touch USD xx Billion by 2027, Growing at a CAGR of xx % From 2020 to 2027.
Published | 08 January 2021
According to BlueWeave Consulting, the China Phishing Protection Market reached
USD xx Million in 2019 and is further anticipated to reach USD xx billion by
2027, growing at a CAGR of xx% during the forecast period. Phishing protection
is a security measure taken by industries, companies, institutions, firms,
households, to prevent the “phishing attacks''. Phishing is a type of cyber-crime,
in which an individual/team of scammers gets to its prey/individuals through
the medium of email, telephone, or text message. The predator or the individual
team of scammers poses as someone entirely different; mostly as a legitimate
body to lure in prey/individuals. So that to get sensitive personal or
financial data, such as bank & credit card details, identity card (used for
identity theft), pin codes & passcodes, residential & work address,
etc. Which results in the loss of financial, documental, and other significant
assets.
“A rapid rise in
the economy”
As the escalation in the developing
countries is taking place, subsequent growth is taking place in the market.
Since the evolution of industrial development taking place in China, a lot of
sectors, segments, and businesses have risen; Giving maximum to the economy as
the import and export of goods has increased. In the recent past years with all
this, the investments made for the development of IT infrastructure are taking
place in full swing in China. The region has become a hub for manufacturing
goods, expanding to the other vertices such as app development, software, etc.
Hence, the growing incidences of cybercrimes and cyber-attacks are forecast to
elevate the market for phishing protection.
“Increased
adoption of digitalization in the industry”
With the wave of digitization taking
place, multiple sectors of labored works got compact and easier to access.
Because digitalization makes calculations, data entry & collection, etc. to
be carried out efficiently and effectively. Moreover, the elevation in phishing
attacks via email and social media has surged. Resulting in losses or
compromises of corporate secrets and financial dips. Application of phishing
protection is done to remove and protect confidential information from all
unauthorized, and unspecified, untrusted access in the system. In the recent
IBM Cost of Data Breach Report, the average cost of a data breach is 3.88
million USD, in which 90% of data breaches are done by phishing.
Impact of COVID
19 on China Phishing Protection Market
The COVID 19 pandemic did pose a risk of
increased cyber-attacks due to high dependency on IT infrastructure, digital
tools, cloud computing, network/connectivity-based completion of tasks, etc.
And as a matter of fact, the pandemic did take place from China itself, and the
region has to follow stringent regulations before anyone else. Causing the
lock-offs and shut down of multiple industries and businesses. Forcing many to
deliver work from home amidst which cybersecurity attacks drastically increased. Enlarging figures of
phishing scams have made hacking campaign measures taken in regions like China
to be taken more seriously. Which have caused elevated scrutiny for the
identity verification purpose requirements.
The
leading players in the market for China Phishing Protection Market are BAE
Systems, Cisco Systems Inc., FireEye Inc., GreatHorn, Inc., Intel Corporation,
Microsoft Corporation, Mimecast Ltd., Phishlabs, Proofpoint, Inc., Symantec
Corporation, and among various others.
Do not miss the business opportunity of the China Phishing
MarketConsult our analyst, gain crucial insights, and facilitate your business
growth.
The
in-depth analysis of the report provides the growth potential, upcoming trends,
and statistics of the China Phishing Market size & forecast. The report
promises to provide state-of-the-art technology of the China Phishing Market
and industry insights, which help decision-makers to make sound strategic
decisions. Furthermore, the report also analyzes the market drivers,
challenges, and competitive analysis of the market.
About Us
BlueWeave
Consulting is a one-stop solution for market intelligence regarding various
products and services online & offline. We offer comprehensive market
research reports by analyzing both qualitative and quantitative data to boost
up the performance of your business solution. BWC has built its reputation from
the scratches by delivering quality performance and nourishing long-lasting
relationships with its clients. We are one of the promising digital market
intelligence generation companies providing unique solutions for blooming your
business and making the morning more rising & shining.
Get Help
Relevant Press Releases
- Aluminum Casting Market reached 64.1 Billion USD in 2019 and expected to witness CAGR of 7.2% in 2020-2026
- Rising Health Awareness and Increasing Consumer Demands for Clean Label Food Products Boosting Sales of Natural Food Colors Market
- Global Sodium Tungstate Market is Forecast to Touch USD xx Billion by 2027, Growing at a CAGR of xx % During 2020 to 2027
- Global Aircraft Tires Market valued at USD 1.1 billion in 2019, is estimated to reach USD 1.48 billion by 2026, at a CAGR of 4.3 %, over the forecast period.
- Global Material Jetting 3D Printing Market is Forecast to Touch USD xx Billion by 20xx, Growing at a CAGR of xx% During 20xx to 20xx