Deception Technology Market Report (2022): A deep qualitative analysis covers the top regions and porter’s five forces analysis and trends and growth stimulators, and latest industry contracts.
“Deception Technology Market” (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. Deception Technology Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.
The Deception technology market is expected to register a CAGR of over 14.88% during the forecast period 2021 – 2027. The report profiles the services of deception technology, like managed and professional services in various regions.
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Company Coverage: –
– llusive Networks
– TRAPX SECURITY
– Smokescreen Technologies
– Attivo NetworksInc.
– Rapid7 LLC
– Ridgeback Network DefenseInc.
– GuardiCore
– Acalvio TechnologiesInc.
– CounterCraft
– Percipient Networks
– CyberTrap Software GmbH
– Fidelis Cybersecurity
– LogRhythmInc.
– WatchGuard TechnologiesInc.
– NTT Security
– Cymmetria
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Market Players Competitor Analysis:
The deception technology market is expected to grow during the forecasted period, owing to increasing security concerns among government and private bodies to protect their privacy and data. The major factors contributing to the growth of the market are the rise of APTs and DDOS attacks, the increasing need of effective solution for early detection of attackers by large and medium enterprises, coupled with the rise in adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trend within enterprises. Further, deception technology can aid to identify attackers moving laterally into the network and set off high confidence alert, thus protecting the system. However, lack of awareness about technical threats are some of the factors hindering the growth of Deception Technology Market.
Rising Adoption of BYOD and IoT Trends within Enterprises
Industrial IoT is on the rise with Industry 4.0. The increasing number of connected deceives raises security concerns and makes it easier for a data breach. The growth in the BYOD system within enterprises has led to the distribution of data across many systems. The number of threats organizations face is increasing. Attacks are becoming more sophisticated and target more widely. As the number of devices connected to the network, it becomes virtually impossible to encrypt and monitor each device. It is thus preferred to create an identical mirror system as a decoy for the attack to be directed at. This helps protect the data while observing the intentions of the attack on the decoy system. The increasing adoption of IoT and BYOD across the industries has led to the growth of deception technologies market.
North America is the Major Region for the Market
North America is a significant region for the deception technologies, as the area has a high demand for protection and control systems against cybercrimes. Also, this region has the highest adoption rate for IoT technologies leading to a growing need for data security. The US is the primary driver for the growth of the region in deception technologies. Growing data centers in North America due to increasing research and development activities are also allowing the deception technology market to grow. The industrial sector has stringent security policies for intellectual property, and the growth of industrial sector increases the demand for deception technology.
Key Developments in the Market
● April 2021: Illusive Networks announced Attack Surface Manager (ASM), the first automated solution to continually reduce the attack surface, and proactively lower the likelihood of targeted cyberattack success. ASM was developed in response to customer requirements to eliminate standing threats missed by traditional cyber defense offerings
● April 2021: Attivo Networks launched Counterintelligence; Bolsters Current Threat, and Adversary Intelligence Functionality for offense-driven countermeasures. The ThreatDefend Platform’s new DecoyDocs feature provides the ability to plant deception files that allow the organization to conduct data loss tracking (DLT) on documents that have been exfiltrated
● July 2021: Rapid7 Attacker Behavior Analytics brings together machine learning and human security expertise. With the addition of ABA, all InsightIDR customers are expected to automatically receive high-fidelity alerts on evolving attacker behaviors built from thousands of incident investigations, including the use of fileless malware, cryptojacking, and spear phishing
Major Players: ILLUSIVE NETWORKS, TRAPX SECURITY, SMOKESCREEN TECHNOLOGIES, ATTIVO NETWORKS, INC., RAPID7 LLC., RIDGEBACK NETWORK DEFENSE, INC., GUARDICORE, ACALVIO TECHNOLOGIES, INC., COUNTERCRAFT, PERCIPIENT NETWORKS, CYBERTRAP SOFTWARE GMBH, FIDELIS CYBERSECURITY, LOGRHYTHM, INC., WATCHGUARD TECHNOLOGIES, INC. and NTT SECURITY, CYMMETRIA, among others.
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Reasons to Purchase this Report:
- To examine the increased usage of Deception Technology in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1 Introduction
1.1 Scope of Study
1.2 Executive Summery
2 Research Methodology
2.1 Study Deliverable
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3 Market Insights
3.1 Deception Technology Market Overview
3.2 Ecosystem Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products or Services
3.3.5 Degree of Competition
3.4 Technology Roadmap
4 Market Dynamics
4.1 Introduction
4.2 Deception Technology Market Drivers
4.2.1 Growin number of Zero-Day and targeted APTs
4.2.2 Need of Effective Solutions for Early Detection of Attackers
4.2.3 Rising Adoption of BYOD and IoT Trends Within Enterprises
4.3 Deception Technology Market Restrains
4.3.1 High Useage of Legacy Honeypots
5 Global Deception Technology Market Segmentation
5.1 Deception Technology Market By Deployment
5.1.1 Cloud
5.1.2 On-premise
5.2 Deception Technology Market By Organization Size
5.2.1 Small and Medium Enterprise
5.2.2 Large Enterprise
5.3 Deception Technology Market By Services
5.3.1 Managed Services
5.3.2 Professional Services
5.3.3 Consulting services
5.3.4 Training and education
5.4 Deception Technology Market By Deception Stack
5.4.1 Data Security
5.4.2 Application Security
5.4.3 Endpoint Security
5.4.4 Network Security
5.5 Deception Technology Market By End User
5.5.1 Government
5.5.2 Medical
5.5.3 Commercial
5.5.4 Defence
5.5.5 Telecommunication
5.6 Deception Technology Market By Region
5.6.1 North America
5.6.2 Europe
5.6.3 Asia-Pacific
5.6.4 Middle East and Africa
5.6.5 Latin America
6 Deception Technology Market Competitive Landscape
7 Deception Technology Market Companies
7.1 llusive Networks
7.2 TRAPX SECURITY
7.3 Smokescreen Technologies
7.4 Attivo Networks, Inc.
7.5 Rapid7 LLC.
7.6 Ridgeback Network Defense, Inc.
7.7 GuardiCore
7.8 Acalvio Technologies, Inc.
7.9 CounterCraft
7.10 Percipient Networks
7.11 CyberTrap Software GmbH
7.12 Fidelis Cybersecurity
7.13 LogRhythm, Inc.
7.14 WatchGuard Technologies, Inc.
7.15 NTT Security
7.16 Cymmetria
*List not Exhaustive
8 Deception Technology Market Investment Analysis
9 Future of Deception Technology Market
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