Market Highlights
Deception technology is a bunch of approaches taken by organizations of all sizes against digital threats. It can misdirect aggressors by laying out up different snares around a framework's foundation for safeguarding its assets. The infiltration of the internet and development in associated environments has prompted a spate of assaults from online lawbreakers have made the requirement for a strong security stockpile of devices and groups to fight them off. The global deception technology market report aggregated by Market Research Future (MRFR) contains an outline of the industry, different software updates and devices, and assessments for the period of 2016 to 2022 (forecast period). The effect of the COVID-19 pandemic on the industry has been investigated at profundity in the report.
Market Scope
The global Deception Technology Market Analysis size is relied upon to expand to USD 2.3 billion by 2022. It is assessed to acquire incomes at 14% of CAGR during the forecast period.
The disturbing pace of online threats and digital assaults is probably going to drive market interest. Endeavors by huge organizations for updating their safeguards in the midst of the developing reception of associated biological systems and internet of things (IoT). Pantomime of conspicuous people and ascent of social designing methods for misdirecting associations are relied upon to look good for the global deception technology market. Consolidation of robotized arrangements across undertakings before very long can work with development.
Moderation of financial dangers and raising the guard levels against online assailants is relied upon to prompt a plenty of item offerings by security master organizations. Advancement in cloud security, reliance on cloud mail administrations, and information misfortune avoidance arrangements by organizations can incline toward the market altogether. As of late, RevBits accomplished a patent for their exclusive software which gives zero-information encryption of information during travel or rest.
The virtualization of workplaces and operational technology (OT) and recognizable proof of advanced persistent threats (APTs) for safeguarding delicate data are other significant development motors of the market. Improvement of comprehensive arrangements in the midst of the developing pattern of bring-your-own-devices (BYOD) and remote work can work for the market.
Be that as it may, absence of mindfulness and theft of safety apparatuses can hamper market development.
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Segmentation:
By component, it is divided into solution and service.
By deception stack, it is segmented into network security, application security, data Security, and endpoint security.
By deployment type, it is divided into cloud and on premise.
By end-user, it is segmented into transportation, manufacturing, BFSI, retail, telecom, healthcare, government, and others.
Regional Analysis
The regional analysis of deception technology market is being studied for region such as Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America is touted to dominate the global deception technology industry during the forecast period followed by Europe owing to the major developments in the field of deception technology in the U.S. and Canada. The large number of software vendors in the U.S. and Canada are Likely to facilitate the heavy demand as enterprises embrace automation and digitization of processes.
APAC is likely to showcase a positive growth rate during the forecast period owing to major companies having branches in India, South Korea, and China. Strategic partnerships for development of cybersecurity technologies for endpoint nodes and emails can drive the regional deception technology market till 2022. Funding by venture capital firms is likely to bode well for the market.
Competition Outlook
Attivo Networks, Allure Security Technology, Illusive Networks, Smokescreen Technologies, Guardicore, Rapid7, Inc., LogRhythm Inc., TopSpin Security, Cymmetria, Inc., TrapX Security, and vArmour are key players of the global deception technology market.
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Deception Technology Market Analysis, By Component (Service, Solution), By Deception Stack (Application Security, Data Security, Network Security, Endpoint Security), By Deployment (Cloud, On-Premise), By End-User (Manufacturing, Healthcare, BFSI, Transportation, Government, Retail) - Forecast 2027
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