Deception Technology Market

Market Overview:

The global deception technology market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028.

Deception technology is a cybersecurity defense that works by disseminating a series of traps and decoys throughout the infrastructure of a system to simulate genuine assets. It aims to deceive attackers by virtual and real operating system environment. It enables attackers to gain a foothold on the network by giving them a false sense of security. It offers several advantages including, decreasing attacker dwell time on the network, expediting the average time to detect and remediate threats, reducing alert fatigue, and producing metrics surrounding indicators of compromise (IOCs) and tactics, techniques and procedures (TTPs). As a result, the deception technology finds extensive applications in government, medical, defense, information technology (IT), telecommunication, and banking, financial services and insurance (BFSI) sectors worldwide.

Deception Technology Market Trends:

Due to the surging cyber-attacks, there is a rise in the employment of deception technology in organizations of different industry verticals to detect and mitigate advanced risks to credentials. This, along with the growing utilization of the technology by security teams to focus on real threats of the network, represents one of the key factors driving the market. Moreover, there is an increase in the usage of deception technology by governing authorities around the world to protect critical information provided on their official websites and prevent cybercrime onslaught. This, coupled with the rising integration of artificial intelligence (AI) and machine learning (ML) to reduce operational overheads, is propelling the growth of the market. In addition, the growing number of advanced persistent threat (APT) attacks across the globe is catalyzing the need for deception technology. Furthermore, key market players are focusing on mergers and acquisitions (M&A) to increase their overall profitability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global deception technology market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on deception stack, service, deployment, organization size and end user.

Breakup by Deception Stack:

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

Breakup by Service:

• Managed Services
• Professional Services
   

Breakup by Deployment:

• Cloud based
• On-premises
   

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises
   

Breakup by End User:

• Government
• Medical
• BFSI
• Defense
• IT and Telecommunication
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global deception technology market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global deception technology market?
• What are the key regional markets?
• What is the breakup of the market based on the deception stack?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the deployment?
• What is the breakup of the market based on the organization size?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global deception technology market and who are the key players?
• What is the degree of competition in the industry?