Deception Technology Market

Deception Technology Market Size 2022, Industry Growth, Trends, Analysis and Global Forecast to 2027

According to the latest report by IMARC Group, “Global Deception Technology Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global deception technology market reached a value of US$ 1.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.83 Billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027.

Deception technology represents the cybersecurity defense that works by disseminating a series of decoys and traps throughout the infrastructure of a system to propel genuine assets. It enables attackers to gain a foothold on the network by giving them a false sense of security. Deception technology offers various advantages, such as expediting the average time to detect and remediate threats, minimizing attacker dwell time on the network, reducing alert fatigue, producing metrics surrounding indicators of compromise (IOCs) and tactics, techniques and procedures (TTPs), etc. Consequently, it finds wide-ranging applications in several sectors, including information technology (IT), banking, financial services and insurance (BFSI), defense, medical, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

Deception Technology Market Trends and Drivers:

The rising number of advanced persistent threat (APT) attacks is primarily driving the deception technology market. Apart from this, the increasing utilization of this technology by security teams to focus on real threats of the network is also catalyzing the market growth. Moreover, the widespread adoption of deception technology by government bodies across the countries to prevent cybercrime onslaught and protect critical information provided on their official websites is acting as another significant growth-inducing factor.

Besides this, the escalating demand for deception technology among organizations to detect and mitigate advanced risks is positively influencing the global market. Furthermore, the growing integration of machine learning (ML) and artificial intelligence (AI) to reduce operational overheads is anticipated to fuel the deception technology market over the forecasted period.

Global Deception Technology Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Acalvio Technologies Inc., Allure Security Technology, Attivo Networks, CounterCraft, CyberTrap Software GmbH, Fidelis Cybersecurity Inc., Guardicore Ltd. (Akamai Technologies), Illusive Networks, Logrhythm Inc., Rapid7, Trapx Security Inc. and Zscaler Inc.

The report has segmented the market on the basis of region, deception stack, service, deployment, organization size and end user.

Breakup by Deception Stack:

  • Data Security
  • Application Security
  • Endpoint Security
  • Network Security

Breakup by Service:

  • Managed Services
  • Professional Services

The Breakup by Deployment:

  • Cloud based
  • On-premises

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by End User:

  • Government
  • Medical
  • BFSI
  • Defense
  • IT and Telecommunication
  • Others

The Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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