Market Highlights
The Global Deception Technology market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry. According to a recent study report published by the Market Research Future, the global market of Deception Technology is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The factors driving the global market of Deception Technology market are rising adoption bring your own device (BYOD), internet of things, and rise in threats among others. On the other hand, technology limitation, lack of awareness about technical threats via internet are some of the factors hindering the growth of Deception Technology Market.
The Deception Technology market is highly competitive due to the increase cyber-attacks and DDOS attacks. The major benefits of deception technology like reduction in risks of economic losses, advanced real time forensics and others are fuelling the deception technology market. Deception is expected to play a critical role as the next line of defense for detecting intrusions that have made their way inside the network before an attack can be completed and damages done. Thus, deception technology is closing the gaps between current prevention solutions and the previous limitations of honeypots thereby seeking the mainstream in IT and security infrastructure.
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Segmentation:
The Deception Technology Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Component: Comprises Solutions and Services- support and maintenance, system integration, consulting and professional services.
Segmentation By Deception Stack: Comprises Application security, data security, network security, and endpoint security
Segmentation By Deployment Mode: Comprises of cloud and on premise mode
Segmentation By End-user: Comprises Manufacturing, BFSI, Healthcare, retail, transport, government, telecom and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Deception Technology Global Market - Regional Analysis
North-America is dominating the Global Deception Technology Market with the largest market share owing to the developments in deception technologies in the countries like U.S. and Canada. Deception Technology Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing to a large enterprises and SMEs in the region are increasingly adopting cloud computing solutions. Moreover, countries like China, Japan, South Korea and India are increasing investing in network security companies in the IT & telecom sectors. The European market for Deception Technology Market is expected to grow at a considerable CAGR (2016-2022).
Deception Technology Global Market - Competitive Analysis
The Market of Deception Technology appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Major players are investing on internal R&D and, most of all, in strategic partnerships. The partnership between Attivo Networks and Networks Unlimited has resulted development of next generation deception technology. The companies are focusing towards development of next generation deception technologies for the future outlook. TrapX Security, listed as one of the emerging player in the field of deception is, a promising start up has recently raised $9 million in Series B funding to grow its business and channel strategy.
Key Players:
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.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Deception Technology Market.
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Deception Technology Market, By Component (Service, Solution), By Deception Stack (Application Security, Data Security, Network Security, Endpoint Security), By Deployment (Cloud, On-Premise), By End-User (Manufacturing, Healthcare, BFSI, Transportation, Government, Retail) - Forecast 2027
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