Market Highlights

Deception Technology Market Analysis is a bunch of approaches taken by organizations of all sizes against digital threats. It can mislead assailants by laying out up different snares around a framework's foundation for ensuring its resources. The entrance of the internet and development in associated biological systems has prompted a spate of assaults from online crooks have made the requirement for a powerful security weapons store 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 business, different programming overhauls and instruments, and assessments for the time of 2016 to 2022 (estimate period). The effect of the COVID-19 pandemic on the business 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 figure time frame.

The disturbing pace of online threats and digital assaults is probably going to drive market interest. Endeavors by enormous organizations for updating their protections in the midst of the developing reception of associated environments and internet of things (IoT). Pantomime of conspicuous people and ascent of social designing strategies for misdirecting associations are relied upon to look good for the global deception technology market. Fuse of robotized arrangements across endeavors before very long can work with development.

Moderation of financial dangers and raising the protection levels against online assailants is relied upon to prompt a plenty of item contributions by security master organizations. Development in cloud security, reliance on cloud mail administrations, and information misfortune avoidance strategies by organizations can lean toward the market altogether. As of late, RevBits achieved a patent for their restrictive programming which gives zero-information encryption of information during travel or rest.

The virtualization of workplaces and operational technology (OT) and ID of advanced persistent threats (APTs) for securing delicate data are other significant development motors of the market. Advancement of comprehensive arrangements in the midst of the developing pattern of bring-your-own-devices (BYOD) and remote work can work for the market.

However, absence of mindfulness and robbery of safety devices 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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