The revenue generated by the phishing protection market in 2023 amounted to USD 2,307.5 million. It is projected to experience a Compound Annual Growth Rate (CAGR) of 13.7% between 2024 and 2030, reaching USD 5,609.3 million by 2030. This growth of the market can be credited to the growing phishing attacks and ongoing technical improvements.
Furthermore, a surge in remote working and a surge in the acceptance of cloud-based communication surge the cases of phishing threats, which, ultimately, pro