Spear Phishing Market

By Deployment Type;

On-Premise, Cloud and Hosted

By Organization Size;

Small & Medium-Sized Enterprises (SMEs) and Large Enterprises

By Industry Vertical;

IT & Telecommunications, Financial Services, Healthcare, Education and Government

By End User Type;

IT Security Professionals and Business Users

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn158533960 Published Date: September, 2025 Updated Date: October, 2025

Spear Phishing Market Overview

Spear Phishing Market (USD Million)

Spear Phishing Market was valued at USD 1,673.36 million in the year 2024. The size of this market is expected to increase to USD 3,387.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.6%.


Spear Phishing Market

*Market size in USD million

CAGR 10.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.6 %
Market Size (2024)USD 1,673.36 Million
Market Size (2031)USD 3,387.48 Million
Market ConcentrationLow
Report Pages362
1,673.36
2024
3,387.48
2031

Major Players

  • BAE Systems PLC
  • Barracuda Networks, Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Forcepoint, LLC
  • Greathorn, Inc.
  • Intel Security
  • Microsoft Corporation
  • Proofpoint
  • RSA Security LLC
  • Sophos Ltd.
  • Symantec Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Spear Phishing Market

Fragmented - Highly competitive market without dominant players


The Spear Phishing Market is gaining traction as targeted attacks grow more sophisticated. Nearly 74% of businesses encounter spear phishing attempts that bypass standard defenses. Unlike broad phishing strategies, spear phishing leverages personalized messages to increase success rates and evade traditional filters.

Enterprise Risk Surges Amid Digital Expansion
Rising digital complexity has introduced new vulnerabilities. Around 61% of companies identify inadequate employee preparedness and email protection as key risk factors. The increase in remote and hybrid work has expanded attack surfaces, enabling spear phishing actors to exploit organizational blind spots.

Shift Toward Intelligence-Driven Security
Approximately 67% of enterprises are adopting AI-based security tools to tackle spear phishing. These systems analyze user behavior patterns to detect anomalies and stop threats before damage occurs. Demand for intelligent and adaptive defense mechanisms is reshaping the security software ecosystem.

Compliance Demands Reshape Security Frameworks
Stricter compliance mandates are driving investment in spear phishing countermeasures. Around 64% of firms have restructured their incident response strategies to meet regulatory standards. The pressure to maintain data privacy and breach accountability is propelling the adoption of enhanced anti-phishing technologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Deployment Type
    2. Market Snapshot, By Organization Size
    3. Market Snapshot, By Industry Vertical
    4. Market Snapshot, By End User Type
    5. Market Snapshot, By Region
  4. Spear Phishing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Frequency and Sophistication of Cyberattacks

        2. Growth in Digitalization and Remote Work

        3. Rising Awareness of Data Security and Regulatory Compliance

      2. Restraints
        1. High Costs of Advanced Security Solutions

        2. Lack of Skilled Cybersecurity Professionals

        3. Limited Awareness in Small and Medium Enterprises (SMEs)

      3. Opportunities
        1. Advancements in AI and Machine Learning for Threat Detection

        2. Growing Demand for Cloud-based Security Solutions

        3. Expanding Need for Employee Training and Awareness Programs

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Spear Phishing Market, By Deployment Type, 2021 - 2031 (USD Million)
      1. On-Premise
      2. Cloud
      3. Hosted
    2. Spear Phishing Market, By Organization Size, 2021 - 2031 (USD Million)
      1. Small & Medium-Sized Enterprises (SMEs)
      2. Large Enterprises
    3. Spear Phishing Market, By Industry Vertical, 2021 - 2031 (USD Million)
      1. IT & Telecommunications
      2. Financial Services
      3. Healthcare
      4. Education
      5. Government
    4. Spear Phishing Market, By End User Type, 2021 - 2031 (USD Million)
      1. IT Security Professionals
      2. Business Users
    5. Spear Phishing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Proofpoint
      2. Barracuda Networks
      3. Cisco Systems
      4. Microsoft Corporation
      5. Mimecast Ltd.
      6. Check Point Software Technologies
      7. BAE Systems
      8. FireEye (Trellix)
      9. Trend Micro
      10. Cofense
      11. GreatHorn
      12. PhishLabs
      13. Symantec (Broadcom)
      14. Fortinet
      15. Area1 Security
  7. Analyst Views
  8. Future Outlook of the Market