Phishing Simulator is Estimated to Witness High Growth Owing to Growing Need to Identify Cybersecurity Risks

 

Phishing Simulator Market

Phishing Simulator enables organizations to train employees about how to identify malicious phishing emails and avoid data breaches and cyber threats. Phishing Simulator solutions provide simulated phishing attacks coupled with automated training modules that enable enterprises to enhance employee security awareness. The solutions help identify unsafe behaviors and reduce the risks of brand and data damage from phishing attacks.

 

The global Phishing Simulator Market is estimated to be valued at US$ 93.3 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

Increasing number of cyber threats and online frauds have accelerated the adoption of Phishing Simulator solutions across industries. Phishing remains one of the most common vectors for cyber attacks. As per various studies, over 90% of major cyber attacks have involved phishing. Phishing Simulator solutions have emerged as an effective preventive measure that detects phishing prone behaviors and provides necessary training to avoid such attacks. The increasing focus of enterprises towards security awareness programs along with stringent data privacy regulations being enforced is expected to drive the demand for Phishing Simulator solutions over the forecast period.

 

Segment Analysis

The global phishing simulator market is dominated by phishing security training segment. This segment held over 40% market share in 2023 as majority of organizations are using phishing simulator tools and services to provide security awareness training and test employees against simulated phishing attacks. These training programs help identify vulnerabilities and protect organizations from data breaches.

 

Key Takeaways

The Global Phishing Simulator Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Phishing Simulator Market is estimated to be valued at US$ 93.3 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030.

Regional analysis indicates that North America currently holds the largest share of over 35% of the phishing simulator market. Rapid digitization of enterprises and strict cybersecurity regulations in the US and Canada are driving the demand for phishing simulation tools in the region. Europe is the second largest market and is expected to grow at a CAGR of around 9% during the forecast period. Presence of large number of IT companies and focus on cybersecurity by European Union are fueling the demand. The UK, Germany and France contribute over 60% of Europe's phishing simulator market revenue. Asia Pacific is expected fastest growing market, especially countries like India and China are expected to offer lucrative opportunities for phishing simulation vendors. Increasing instances of phishing attacks targeted at stealing sensitive data from individuals and enterprises are driving phishing security investments across Asia Pacific region.

 

 

Key players operating in the phishing simulator market are Ironscales, Cofense (PhishMe), Infosec Institute, KnowBe4, PhishLabs, Wombat Security Technologies, Barracuda Networks, Mimecast, Proofpoint, CyberFish, DataEndure, FireEye, Smooth Phish, Votiro, XM Cyber, Lucidworks, Digital Defense, Getlabs, Avanan, Greathorn. Some of the key strategies adopted by players are new product launches, collaborations and partnerships to expand their geographic presence. For instance, in 2022, Cofense (PhishMe) partnered with D3 Security to integrate phishing defense offerings and strengthens its anti-phishing capabilities.


Get More Insights Here

https://www.shayaricenter.com/artificial-kidney-a-solution-to-end-stage-kidney-disease

https://www.newsstatix.com/phishing-simulator-market-size-share-growth-outlook-2023/

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