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Deception Technology Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 288 | Report ID: MRS1170


Report Description

The global Deception Technology market size is estimated at USD 1,480.7 million in 2021, expanding at a CAGR of 14.8% from 2022 to 2028 to reach 2,900.6 million USD in 2028.

Market Dynamics

Cybersecurity assaults against state and municipal governments, as well as military groups, are becoming more common. Traditional network's defensive mechanisms are designed to stop such behaviors, but attackers are devising new methods to circumvent them. Deception technology is widely utilized across the globe to protect government entities from cyber-attacks. Cybersecurity protection at government institutions plays a crucial role in securing sensitive data by enabling fast and precise identification of in-network attacks and prompt response to them. Because of these characteristics, the National Institute of Standards and Technology has incorporated this technique into SP 800-53, SP 800-160, and the 800-172 draft. Furthermore, increased government expenditure on cybercrime prevention is expected to increase the use of deception technologies in the future years.

In this innovation era, there are countless cyber-attacks, and growing privacy violations have led to a growth in the worldwide marketplace for deception technologies due to the necessity for smaller security architecture. Furthermore, the surge in Bring Your Own Device, as well as IoT (internet of things) use in enterprises, must drive the worldwide expansion of the deception technologies industry. Other contributing reasons include a rising requirement for effective early detection systems and the emergence of zero-day threats.

Regional Insights

Throughout the projected timeframe, North America is estimated to lead the industry in respect of sales. Rapid innovation and acceptance of innovative technologies, as well as key businesses including Rapid7, Inc., Attivo Networks, Inc., Fidelis Cybersecurity, and Illusive Networks, Inc., among others, are likely to fuel regional expansion.

In the foreseeable term, Asia Pacific is expected to be the fastest-growing area. Growing usage of internet of things (IoT) gadgets and bringing your own device innovations inside companies, rising industrialization, and the vast continental population are likely to drive Asia Pacific's deceptive technologies overall growth. Europe holds a considerable industry share as a result of increased governmental and industrial investment in improving threat detection, creating corporate risk consciousness, and providing a continuous view of the surroundings through SCADA/ICS, IoT, as well as cloud technologies.

Segment Dynamics

The Deception Technology market is fragmented into the Component, Deployment, Deception Stacks, and end-user segments. Based on the Deployment, the on-premise segment is anticipated to dominate the market. By Deception Stack, the network security segment is projected to grow at the highest CAGR during the forecast period. By end-user, the Banking, Financial Services, and Insurance (BFSI) segment is expected to hold the majority of the market share.

Competitive Insights

The deception technologies industry is very competitive due to the existence of several small and major firms. The industry is somewhat consolidated, with prominent firms extending their presence and staying ahead of the competitors through methods such as technology development and m&a. Trapx Security published DeceptionGrid 7.0, a detection systems platform, in April 2020. To mislead adversaries, the solution develops and analyses the full misleading environment. This technology is critical in efficiently defending an organization's whole network.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Deception Technology by component, deployment, end-user, region, and Deception Stack. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Acalvio Technologies Inc.
  • Asystom GmbH
  • Allure Security Technology, Inc
  • Attivo Networks
  • CounterCraft SL
  • CYBERTRAP Software GmbH
  • Cymmetria, Inc
  • Cysiv
  • Fidelis Cybersecurity Inc
  • Fortinet, Inc
  • Guardicore Ltd
  • Illusive Networks
  • LogRhythm Inc.
  • Rapid7, Inc.
  • Ridgeback Network Defense Inc
  • Sandvine
  • Smokescreen Technologies
  • TopSin Security
  • Trapx Security
  • Varmour

Deployment Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • On-premise
  • Cloud

Deception Stack Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Application security
  • Endpoint security
  • Data Security
  • Network security

End User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Telecom and IT
  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Energy & utilities
  • Healthcare
  • Manufacturing
  • Retail
  • Others

Component Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Solution
  • Service

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Deception Technology market size is estimated at USD 1,480.7 million in 2021, expanding at a CAGR 14.8% from 2022-2028 to reach 2,900.6 million USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Deception Technology market size is expanding at a CAGR 14.8% from 2022-2028 to reach 2,900.6 million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The deception technologies industry is very competitive due to the existence of several small and major firms. The industry is somewhat consolidated, with prominent firms extending their presence and staying ahead of the competitors through methods such as technology development and m&a. Trapx Security published DeceptionGrid 7.0, a detection systems platform, in April 2020. To mislead adversaries, the solution develops and analyses the full misleading environment. This technology is critical in efficiently defending an organization's whole network.

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