The article cited AMA's Global Deception Technology Market Study explored substantial growth with CAGR of 12.39%. According the report, Adoption of Advanced Deception Systems Capable of Tracking Hackers
is one of the primary growth factors for the market. Rising Instances of Fishing, Key Logger and Zero-Day Attacks
is also expected to contribute significantly to the Deception Technology market. Overall, Application security
applications of Deception Technology, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as GuardiCore Ltd. (Israel), SEC Technologies, s.r.o. (Slovakia), Shape Security Inc. (United States), Attivo Networks, Inc. (United States), TrapX Security, Inc. (United States), LogRhythm Inc. (United States), Allure Security Technology, Inc. (United States), Smokescreen Technologies Pvt. Ltd. (India), Fidelis Cybersecurity (United States) and Cymmetria Inc. (Israel) may see astonishing sales in this Market and certainly improve revenue growth.
The Deployment Model, such as On-premise, is boosting the Deception Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Government Organizations, is boosting the Deception Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Deception Technology market identified that the demand is rising in many different parts of the world as "Escalating Demand for Cyber Security Tools from North American Market
". Furthermore, some recent industry insights like "On October 27th, 2023, Verodin announced the release of Verodin Cloud, a cloud-based version of its deception platform. Verodin Cloud will make it easier for organizations to deploy and manage deception technology." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Expertise in Handling such Complex Software and Growing Usage of Cloud Computing and Virtual Environment which is Prone to Hacking Attacks"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Deception Technology market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Deception Technology market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Deception Technology market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Deception Technology market and other related sub-markets covered in the study.
o Key & emerging players in the Deception Technology market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Deception Technology market size is calculated using market estimation process, the Deception Technology market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Deception Technology market size has been validated using both top-down and bottom-up approaches.