Deception Technology Market Overview

The emergence of automation and the widespread implementation of the internet of things in the automotive industry are the key drivers of the global deception technology market's quick growth. The Deception Technology industry is projected to grow from USD 1.68 Billion in 2022 to USD 4.62 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.51% during the forecast period (2022 - 2030).  The global market for deception technology is booming, and according to a recent study report issued by Market Research Future, it will continue to grow in importance over the next few years. By 2022, the market is anticipated to grow astronomically, shattering previous records for growth in terms of value with an astonishing CAGR.

The variables influencing the worldwide deception market Bring your own device (BYOD), the internet of things, and an increase in threats are among the trends in the technology market that are growing. On the other hand, there are a number of factors impeding the growth of the deception technology market, including technological limitations and a lack of awareness of online technical threats.

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Due to the rise in DDOS and cyberattacks, the deception technology market business is extremely competitive. The market for deception technology market is being driven by its key advantages, including less risk of financial losses, better real-time forensics, and others. As the next line of defence for spotting intrusions that have entered the network before an attack can be completed and damage done, deception is anticipated to play a crucial role. In order to reach the mainstream in IT and security infrastructure, deception technology market is bridging the gaps between current prevention solutions and the earlier honeypot limitations.

Regional Analysis

Due to the advancements made in deception technologies in nations like the United States and Canada, North America currently holds the largest market share in the global deception technology market. Due to the fact that both large businesses and small and medium-sized businesses (SMEs) in the region are increasingly adopting cloud computing solutions, the Asia-Pacific market for deception technology market is anticipated to grow at a significant CAGR from 2016 to 2022. In the IT & telecom sectors, countries like China, Japan, South Korea, and India are also investing more money in network security firms. It is anticipated that the European market for deception technology market will expand at a significant CAGR.

Deception Technology Market Segmentation

To make the report more convenient to read and to facilitate understanding, the deception technology market may be divided into four key dynamics;

Component-based segmentation includes support and maintenance, system integration, consulting, and professional services under Solutions and Services.

Segmentation Through Lie Application security, data security, network security, and endpoint security make up the security stack.

Cloud and on-premises deployment modes make up the segmentation by deployment mode.

Manufacturing, BFSI, healthcare, retail, transportation, government, telecom, and other industries are included in the end-user segmentation.

Geographical regions North America, Europe, Asia Pacific, and the rest of the world are included in the segmentation by regions.

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

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Key Players

The key players of the global deception market are 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.)

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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