Deception Technology Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2236 | Last Updated On: Jun 30 2022 | Available Formats

> Global Deception Technology Market Expected to reach a high CAGR of 15.32% By 2029: DataM Intelligence

Global Deception Technology Market is segmented By Component (Solutions, Services), By Deployment Mode (On-Premises, Cloud), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Deception Stack (Endpoint Security, Network Security, Application Security, Data Security), By End-User (Manufacturing, BFSI, Telecom & IT, Healthcare, Government, Retail), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The "Global Deception Technology Market" is expected to grow at a high CAGR of 15.32% during the forecasting period (2022-2029).

Deception technology is an emerging category of cybersecurity defense. Deception technology products can detect, analyze, and defend against zero-day and advanced attacks, often in real-time. They are automated, accurate, and provide insight into malicious activity within internal networks, unseen by other cyber defense types. Deception technology enables a more proactive security posture by seeking to deceive the attackers, detect them and then defeat them, allowing the enterprise to return to normal operations.

Market Dynamics

An increase in the adoption of IoT and BYOD trends within enterprises and the rise of APTs (Advanced Persistent Threats) and zero-day attacks are the key factors for the deception technology market growth worldwide. BYOD and IoT are two popular trends in the IT industry that are very closely aligned and speak the drastic shift that is taking place in the industry. The Internet of Things (IoT) is undeniably transforming the way that organizations communicate and organize everyday businesses and industrial procedures. Its adoption has proven well suited for sectors that manage many assets and coordinate complex and distributed processes.

Many specialized tools exist to provide organizational cybersecurity; it can become complicated to leverage all these tools at once. Examples include SIEMs, user behavior analytics, e-mail protection platforms, endpoint detection, response technology, and deception technologies. Companies are launching and releasing the next generation of deception solutions. For instance, Attivo Networks® has announced the release of its ThreatDefend™ Platform, representing the next generation of distributed deception solutions in July 2017.

The rise in the adoption of cloud computing and virtual environments and the lack of technical expertise among organizations are the key restraints hindering the market's growth.

Market Segmentation

By component, the deception technology market is segmented into solutions and services. Services are further divided into professional services and managed services. The global deception technology market size by solutions was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By deployment model, the deception technology market is segmented into on-premises and cloud. The cloud's global deception technology market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By organization size, the deception technology market is segmented into large enterprises and small & medium enterprises. The global deception technology market size by large enterprises was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

The deception technology market is segmented into endpoint security, network security, application security, and data security by deception stack. The global deception technology market size by network security was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

The deception technology market is segmented into manufacturing, BFSI, telecom & IT, healthcare, government, retail, energy & utilities, and others by the end-user. Others include defense. The global deception technology market size by healthcare was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Deception technology logs from within the medical device network. Deception technology is one of the more popular technologies being rapidly adopted by healthcare organizations of all sizes.

The National Institute of Standards and Technology (NIST) in particular prescribes several key risk management standards that those in the medical device industry must be aware of. Health care organizations perform critical functions for the health care and public health (HPH) sector. These organizations include critical access hospitals in rural areas, practice management organizations that support physician practices, revenue cycle or billing organizations, mid-sized device manufacturers, and group practices.  

Geographical Analysis

The North American deception technology market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. North America is dominating the global deception technology market in 2018 and estimated to hold the largest market size in the forecast period due to the broad execution of security policies to prevent cyber threats by the local government bodies. Adding to this, many security vendors in North America, especially in the USA and Canada, are also vital for market growth.  

Nations are combining to develop security systems globally, especially in North America. For instance, Israel’s Morphisec and U.S. Shape Security are developing “polymorphic” systems. The US-based company TrapX Security offers DeceptionGrid, a technology using fake information that triggers a security alert. TrapX clients include Israel’s central bank, U.S. hospital chain HCA, Bezeq, Israel’s largest telecoms group, and Union Bank of Israel.

Competitive Landscape

The Deception Technology market is competitive with existing players in the market.

Some of the major players include CyberTrap Software GmbH, Smokescreen Technologies, Deceptive Bytes Ltd, Cymmetria Inc., Topspin Security, Acalvio Technologies Inc, Fidelis Cybersecurity Inc, Illusive Networks Ltd, Rapid7, Inc., and V armor.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions, contributing to the Deception Technology Market's growth.

In April 2019, Illusive Networks, an Israel-based company, has launched a turn-key solution that offers security teams the capability to visualize, quickly discover, and remove various high-risk cached credentials and connection information.

In May 2019, TRAPX Security launched version 6.3 of its Deception Grid platform. It has some groundbreaking technologies, like build your own trap, hacker tracker and artificial users.

In July 2017, Attivo Networks® announced the release of its ThreatDefend™ Platform, representing the next generation of distributed deception solutions.

Why Purchase the Report?

  • Visualize the deception technology composition in terms of various types of components, deception stacks, organization size, deployment mode, and end-users highlighting the key commercial assets and players.
  • Identify commercial opportunities in the deception technology market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of deception technology market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Deception Technology report would provide approximately 77 data tables, 74 figures, and 194 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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