The global deception technology market reached a value of US$ 1.60 billion in 2021. Looking forward, the market is projected to reach a value of US$ 3.83 billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
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.
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.
This report provides an analysis of the key trends in each sub-segment of the global deception technology market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on deception stack, service, deployment, organization size and End-user.
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.
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
This report provides an analysis of the key trends in each sub-segment of the global deception technology market, along with forecasts at the global, regional and country level from 2022-2027. The 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.
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?
Frequently Asked Questions about the Global Deception Technology Market
What is the estimated value of the Global Deception Technology Market?
What is the growth rate of the Global Deception Technology Market?
What is the forecasted size of the Global Deception Technology Market?
Who are the key companies in the Global Deception Technology Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 3.83 Billion |
| Compound Annual Growth Rate | 15.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Deception Technology Market
6 Market Breakup by Deception Stack
7 Market Breakup by Service
8 Market Breakup by Deployment
9 Market Breakup by Organization Size
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
- Zscaler Inc
Methodology
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