The rise in advanced persistent (APT) attacks in the government is expected to create market opportunities studied during the forecast period.
PORTLAND, PORTLAND, OR, UNITED STATE, October 31, 2022 /EINPresswire.com/ — According to a report published by Allied Market Research, the global fraud technology market generated $1.8 billion in 2021, and is expected to reach $ 5.8 billion in 2031, growing at a CAGR of 12.2% from 2022 to 2031. The report provides a detailed analysis of the top winning strategies, changing market trends, market size and estimates, value chain, key investment packages, drivers and opportunities, competitive landscape and regional landscape. .
The increase in persistent threats, increasing demand for effective solutions for early detection of attackers and increasing adoption of new technologies such as IoT are driving the growth of the global phishing technology market. The increasing use of encryption technology so that businesses can address security issues and facilitate access to secure information while working remotely during a crisis has positively impacted the growth of the global market.
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This report provides detailed segmentation of the global manipulation technology market based on contribution, manipulation stack, business size, industry structure, and region. The report provides a comprehensive analysis of all segments and their sub-segments with the help of graphical and tabular representation. This analysis can really help the market players, investors, and new entrants in finding strategies based on the fastest growing segments and generating the highest revenue mentioned in the report.
Based on supply, the solution segment holds the largest market share in 2021, accounting for nearly two-thirds of the global market, and is expected to maintain its leadership position during the forecast period. The service segment, on the other hand, is expected to quote the fastest CAGR of 13.5% during the forecast period.
Based on the manipulation stack, the network security segment holds the dominant market share in 2021, accounting for half of the global market, and is expected to maintain its leadership position during the forecast period. The security segment of the application, on the other hand, is expected to quote the fastest CAGR of 14.2% during the forecast period.
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Based on the industry landscape, the BFSI segment holds the largest market share in 2021, accounting for nearly one-fourth of the global market, and is expected to maintain its leadership position during the forecast period. The healthcare segment, on the other hand, is expected to quote the fastest CAGR of 15.7% during the forecast period.
Based on the region, the market across North America held the dominant market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership position during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 14.3% during the forecast period.
Key players analyzed in the global phishing technology market report include Allure Security Technology, Inc, Attivo Networks, Inc, Acalvio, CYBERTRAP Software GmbH, CounterCraft, Fidelis Cybersecurity, Guardicore Ltd, Illusive Networks, LogRhythm, Inc, Minerva Labs, PacketViper, Rapid7 . , Smokescreen Technologies, Inc, TopSpin Security, Trapx Security, vArmour, and WatchGuard Technologies.
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The report analyzes these key players in the global fraud technology market. These market players have successfully used strategies such as joint ventures, collaborations, expansions, new product launches, partnerships, and others to increase their strength in the industry. The report helps in analyzing the latest developments, product portfolio, business performance and operating segments by prominent players in the market.
• The outbreak of COVID-19 has had a positive impact on the growth of the global fraud technology market, due to the occurrence of foreclosures in various countries around the world.
• Lockdowns have led to the closure of shops, businesses and various industries due to the increasing strict social distancing restrictions imposed by governments around the world.
• Therefore, more and more people were required to stay at home which resulted in a dramatic increase in internet penetration driving the need for hacking technology.
• In addition, the increase in the number of cyber attacks and the growing popularity of cloud security and integrated AI solutions are expected to drive the demand for fraud technology in the coming years.
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