The global deception technology market is anticipated to grow at a significant CAGR of 13.1% during the forecast period (2022-2028). A deception network is a network that acts as a decoy and is used to compromise a target in a cyber-attack. Deception technology monitors an intruder’s activity within a network and provides a framework for network administrators and analysts to conduct incident response analysis. The deception technology launches an attack on a fake network while additionally, sending alarms to the genuine network, protecting it from being influenced.
Data breaches and serious cyber-attacks are becoming more common around the globe, necessitating a compact security infrastructure that can resist and, if possible, combat such network security breaches. In data-sensitive businesses, such as BFSI, the desire for deceptive security solutions for ongoing safe communication is driving the demand for data protection. Furthermore, the deception technology market is expected to be driven by strict government regulations for data privacy and the expansion of cloud-based technology services over the forecast period.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
- In March 2020, Attivo Networks and Seminole State College of Florida have established a partnership to address the global cybersecurity skills shortage. Seminole State College will be one of the first colleges in the US to include threat deception training in the cybersecurity concentration component of its associate and bachelor’s degree programs in information systems technology starting in fall 2020.
- In February 2020, GuardiCore’s Guardicore Centra Security Platform announced a number of new features, including the ability to visualize, segment, and protect cloud-native apps, additionally, making the process of reducing risk to mission-critical business applications through segmentation even easier. The company has expanded the Centra Security Platform.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Deployment
- By Service
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Rapid7 LLC, TrapX Security, Attivo Networks Inc., Smokescreen Technologies, and Ridgeback Network Defense Inc., among others.
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Global Deception Technology Market Report by Segment
By Deployment
- Cloud
- On-Premise
By Service
- Managed Services
- Professional Services
By End-User
- Government
- Medical
- BFSI
- Defense
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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