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Global Deception Technology Market Forecasts to 2023: Industry Analysis, Trend, Market Size

Deception technology augments existing preventive security solutions in organizations and regularly addresses security issues in profounder and sophisticated manner. It provides defence to enterprise data from cyber threats using its advance capability to detect, analyse, and defend against zero-day exploits and advanced malwares. The Global Deception Technology Market is projected to reach USD 2.12 billion by the end of 2021, growing with a CAGR of 16.7% from 2016 to 2021.Deception technology has evolved from traditional vulnerability assessment tools to address growing need to integrate existing technologies to provide higher level of visibility into the internal networks. Rise in instances and sophistication of zero-day attacks, malwares, ransomwares, cyber-attacks and advanced persistent threats has created need for effective solutions to detect and defend attacks, thereby driving the deception technology market. Furthermore, increasing adoption of BYOD and CYOD strategies by large enterprises has further fuelled the need to deploy deception technology solutions. Tremendous opportunities for market growth lies in successful integration of deception technology with virtual environments. However, lack of awareness and prevailing use of legacy honeypots hinders the market growth. Cloud based deployment of deception technology solutions is considered as most preferred option by the enterprises operating across different industry verticals. Among verticals, BFSI segment is projected dominate the market over the forecast period. BFSI sector is amiable in terms of deployment of mobile solutions and internet applications. Thus, increasing reliance on such systems is opening up new possibilities for cyber criminals. On other hand, retail segment is expected to reflect highest CAGR over the forecast period. This is attributed to increasing use of internet to mislead and attract online customers; thereby increasing need to protect them. Cloud based deployment of deception technology solutions is considered as most preferred option by the enterprises operating across different industry verticals. Global Deception Technology Market Segments Covered: The report segments the global deception technology market by component, by deception stacks, by deployment, by vertical and by region. The component types include solution and services; furthermore, services includes professional services, and managed services. The deception stacks include application security, data security, endpoint security and network security. The deployment mode includes cloud and on-premises. The vertical includes BFSI, energy and utilities, government, healthcare, manufacturing, retail, telecom and IT, among others. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. North America leads the global deception technology market followed by Europe and Asia-Pacific. The deception technology market in Asia-Pacific is projected to reflect highest CAGR over the forecast period. The attractiveness of the deception technology market in the Asia-Pacific region is result increasing adoption of smart devices and mobility trends within organizations. Companies Profiled:
  •  Allure Security Technology,
  • Attivo Networks,
  • Cymmetria,
  • Illusive Networks,
  • Logrhythm,
  • Rapid7,
  • Trapx Security.

Table of contents

1. Preface 1.1 Report Description 1.2 Research Methods 1.3 Research Approaches 2. Executive Summary 3. Global Deception Technology Market Overview
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About this Report
Report ID 101620
  • Software and Services
Published on 15-Jun
Number of Pages
Publisher Name GlobeMetrix
Editor Rating