ID: MRFR/ICT/1833-HCR | February 2021 | Region: Global | 100 pages
The type of security tools and techniques designed to prevent an attacker who has already entered the network from doing damage is called as the Deception technology. Deception technology is a revolutionary new way to detect the quietest cyber-attacks. Deception technology products are specially designed to meet head-on the threats of advanced persistent threats (APT’s), zero day events and other sophisticated attacks. If malware penetrates the enterprise, it starts moving laterally to find high value targets, Deception technology can identify attackers moving laterally into the network and set off high confidence ALERT thus protecting the system.
The growing occurrences of data breaches and intense cyber-attacks across the globe are resulting requirement of a compact security infrastructure which would resist and counter such network security breaches. This requirement is a major factor driving the growth of deception technology market. Apart from it rise in adoption of Bring Your Own Device (BYOD) & Internet of Things (IoT) trend within enterprises is also driving the deception technology market. The study indicates that there are some restraining factors as lack of security awareness, growing use of pirated network security tools that are ceasing the growth of deception technology market.
Deception Technology market is segmented on the basis of component, deception stack, deployment and end-user. It has been observed that adoption of cloud technologies has become worldwide, this has resulted in the increase of cyber security threats which in turn increases the demand for cloud-based deception technology.
The global Deception Technology market is expected to grow at USD 4.15 Billion by 2026, at 15% of CAGR between 2019 and 2026.
Study Objectives of Deception Technology Market:
The prominent players in the Deception Technology Market are – TrapX Security (U.S.), Rapid7, Inc. (U.S.), Attivo Networks (U.S.), Allure Security Technology (U.S.), Guardicore (Israel), Cymmetria, Inc. (Israel), TopSpin Security (Israel), Smokescreen Technologies (India), Illusive Networks (Israel), LogRhythm Inc. (U.S), vArmour (U.S.) among others
Deception Technology by Component:
Deception Technology by Deception Stack:
Deception Technology by Deployment Type:
Deception Technology by End-user:
The regional analysis of Deception Technology market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America region would dominate the Deception Technology market by the forecast period followed by Europe owing to the major developments in the field of deception technology witnessed in countries such as the U.S. and Canada. The study also indicates that U.S. and Canada are hub of large as well as start-ups vendors in the North America region .The study indicates that Asia-Pacific countries like China, Japan, South Korea, India and others are highly investing in network security infrastructure by companies in IT & Telecom and BFSI sectors. The study reveals that Asia-Pacific region would show a positive growth in Deception Technology market by the forecast period.
Frequently Asked Questions (FAQ) :
Attivo Networks (U.S.), Rapid7, Inc. (U.S.), TopSpin Security (Israel), Cymmetria, Inc. (Israel), Allure Security Technology (U.S.) and Guardicore (Israel) are some of the competitors in the market.
The segments created on the basis of the component comprises of solutions and services.
The nations of the US and Canada are expected to boost the North American regional market in the coming period.
A CAGR of 14% is expected to create favorable circumstances for market development.
The trends of bring your own device (BYOD) and the internet of things (IoT) is expected to stimulate the overall development of the market.