Global Deception Technology Market Overview:
The cybersecurity threats are increasing day by day with the introduction to a number of hacking techniques and virtual tools. It leads to increase the organization expenses in incorporating the losses incurred by hacking attacks. Thus, the demand for deception technology has been increased across the glove to minimize and track the hacking attacks. Deception technology secures the network systems from harmful malware, assists in tracking the actions of the hackers as well as prevent the possible damage which can be caused by unauthorized access to the organizations’ own network. With the growing adoption of IoT enabled and cloud-based applications need of deception technology has been increased over the past couple of years.
As per latest study released by AMA Research, the Global Deception Technology market is expected to see growth rate of 12.39% and may see market size of USD2.67 Billion by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
High Growth Market | North America |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Advanced Deception Systems Capable of Tracking Hackers and Inclusion of Hacking Technique Tracing and Analytics Tools
Market Growth Drivers:
Rising Instances of Fishing, Key Logger and Zero-Day Attacks and Growing Adoption of Safe and Secure IoT Based Applications
Challenges:
Lack of Expertise in Handling such Complex Software and Growing Usage of Cloud Computing and Virtual Environment which is Prone to Hacking Attacks
Restraints:
Lack of Awareness of About the Cyber Security Tools and Growing Use of Pirated Tools Instead of Paid and Premium Deception Tools
Opportunities:
Escalating Demand for Cyber Security Tools from North American Market and Increasing Need for Protecting Data Centers and Networks
Competitive Landscape:
The global deception technology market is minimally competitive due to lack of awareness about cyber security tools and absence of cyber security regulations. Significant development and adoption of Deception systems has been seen in Israel with the availability of stringent government regulations for favoring anti-hacking tools. In addition to this, its adoption has been increased in the North American Market over the last couple of years.
Some of the key players profiled in the report are 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). The Players having a strong hold in the market are GuardiCore Ltd., SEC Technologies, s.r.o., Shape Security Inc., and Attivo Networks, Inc.. Additionally, following companies can also be profiled that are part of our coverage like Illusive Networks (United States), Rapid7 Inc. (United States), Hexis Cyber Solutions, Inc. (United States), Percipient Networks (United States), ForeScout Technologies Inc. (United States) and Shadow Networks (Acalvio Technologies, Inc.) (United States). Analyst at AMA Research see United States and European Players to retain maximum share of Global Deception Technology market by 2028. Considering Market by Deployment Model, the sub-segment i.e. On-premise will boost the Deception Technology market. Considering Market by End User, the sub-segment i.e. Government Organizations will boost the Deception Technology market.
Latest Market Insights:
On November 14th, 2023, Darktrace announced the acquisition of Cybersponse, a startup specializing in SaaS deception platforms. This acquisition will expand Darktrace's deception capabilities and offer its customers more comprehensive protection against cyberattacks.
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.
What Can be Explored with the Deception Technology Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Deception Technology Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Deception Technology
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Deception Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Deception Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Deception Technology Providers, Cyber Security Industry Associations, Government Regulators, IoT and Cloud-Based Solution Providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.