Deception Technology Market is Estimated to Grow by 13.51% of CAGR from 2022 to 2030

Market Research Future published a half-cooked research report on Deception Technology Market.

Market Highlights

In this rapidly changing environment, demand for a compact security infrastructure which would resist and counter such network security breaches is ever increasing. The increasing adoption of internet of things (IoT) and big data are increasing cyber security threats which is responsible to drive the Deception Technology market.

Observing the current trend and advancements in technologies the study indicates a sudden hike in Deception Technology market. The Deception Technology market is driven by many factors such as rise in instances of cyber-attacks such as malwares, zero day attacks, Distributed Denial of Service (DDoS), and Advanced Persistent Threats (APTs). The trend of Bring Your Own Device (BYOD) & Internet of Things (IoT) are responsible for the growth of deception technology market. The growing use of pirated network security tools and lack of awareness is the major restraining factor for the deception technology market. The major challenge of deception is that maintaining things such as decoys, breadcrumbs and honeypots can be difficult in environments that are always changing, this would be one of the restraining factor for deception technology market.

The Deception Technology Market is growing rapidly over 13.51% of CAGR and is expected to reach at USD 4.62 Billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Deception Technology Market Research Report -Forecast to 2022”.

Deception Technology Market Segmentation

The Deception Technology market has been segmented on the basis of component, deception stack, deployment and end-user. Looking through the component segment it’s been observed that managed service segment would dominate the Deception Technology market where as the system integration service and consulting segments are expected to show a substantial increase in Deception Technology market. It has been observed that for securing their networks and endpoints, organizations are continuously deploying managed services. The study reveals that Deception Technology market would be dominated by BFSI sector by the forecast period. However, considering the deployment segment, the cloud based Deception Technology shows a significant growth and is expected to show a sudden hike by the forecast period. The study reveals that the data security segment is expected to have fastest growth in the deception technology market.

The prominent players in the Deception Technology market are- TrapX Security (U.S.), Rapid7, Inc. (U.S.), Attivo Networks (U.S.), Allure Security Technology (U.S.), Guardicore (Israel), Cymmetria, Inc. (Israel), TopSpin Security (Israel), Smokescreen Technologies (India), Illusive Networks (Israel), LogRhythm Inc. (U.S), vArmour (U.S.)  among others

Market Research Analysis:

Regional analysis for Deception Technology market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Deception Technology market. The study indicates that North America region has high technological developments and high adoption of internet of things (IoT) this has resulted in the growth of Deception Technology market in North America region.

The study reveals that Asia-Pacific region is expected to show a significant growth in Deception Technology market by the forecast period. Asia-Pacific countries like China, India and Korea have high investments in network security infrastructure which has resulted as the primary growth driver for the Asia-Pacific region. There has been a news about deception technology that Israel has the second highest concentration of cyber-defense companies in the world after the United States which use deception technology for cyber-defense.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.