Market Overview 2022-2027
The latest research study “Deception Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global deception technology market reached a value of US$ 1.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.83 Billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Deception technology represents the cybersecurity defense that works by disseminating a series of decoys and traps throughout the infrastructure of a system to propel genuine assets. It enables attackers to gain a foothold on the network by giving them a false sense of security. Deception technology offers various advantages, such as expediting the average time to detect and remediate threats, minimizing attacker dwell time on the network, reducing alert fatigue, producing metrics surrounding indicators of compromise (IOCs) and tactics, techniques and procedures (TTPs), etc. Consequently, it finds wide-ranging applications in several sectors, including information technology (IT), banking, financial services and insurance (BFSI), defense, medical, etc.
Global Deception Technology Market Trends and Drivers:
The rising number of advanced persistent threat (APT) attacks is primarily driving the deception technology market. Apart from this, the increasing utilization of this technology by security teams to focus on real threats of the network is also catalyzing the market growth. Moreover, the widespread adoption of deception technology by government bodies across the countries to prevent cybercrime onslaught and protect critical information provided on their official websites is acting as another significant growth-inducing factor. Besides this, the escalating demand for deception technology among organizations to detect and mitigate advanced risks is positively influencing the global market. Furthermore, the growing integration of machine learning (ML) and artificial intelligence (AI) to reduce operational overheads is anticipated to fuel the deception technology market over the forecasted period.
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|Deception Technology Market Report Scope|
|Market size value in 2021||US$ 1.60 Billion|
|Market forecast in 2027||US$ 3.83 Billion|
|Growth Rate||CAGR of 14.40% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Deception Stack, Service, Deployment, Organization Size, End User and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||Acalvio Technologies Inc., Allure Security Technology, Attivo Networks, CounterCraft, CyberTrap Software GmbH, Fidelis Cybersecurity Inc., Guardicore Ltd. (Akamai Technologies), Illusive Networks, Logrhythm Inc., Rapid7, Trapx Security Inc. and Zscaler Inc.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Deception Stack:
- Data Security
- Application Security
- Endpoint Security
- Network Security
Breakup by Service:
- Managed Services
- Professional Services
Breakup by Deployment:
- Cloud based
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User:
- IT and Telecommunication
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are Acalvio Technologies Inc., Allure Security Technology, Attivo Networks, CounterCraft, CyberTrap Software GmbH, Fidelis Cybersecurity Inc., Guardicore Ltd. (Akamai Technologies), Illusive Networks, Logrhythm Inc., Rapid7, Trapx Security Inc. and Zscaler Inc.
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