Deception Technology Market – Overview
The indispensability of security tools has increased recently especially those of tools such as deception technology. Market reports connected with the semiconductors and electronics industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is poised to achieve returns worth USD 2.3 Billion while growing at a 14% CAGR in the duration of the forecast period.
The increasing complexity of data breaches and the intensity of cyber-attacks is anticipated to boost the development of the deception technology market. Moreover, rising network security breaches are also expected to motivate the expansion of the market. The popularity of Internet of Things (IoT) trend within enterprises is anticipated to motivate the global deception technology in the upcoming forecast period.
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Deception Technology Market Segmentation
The Deception Technology market has been segmented on the basis of component, deception stack, deployment and end-user. Looking through the component segment it’s been observed that managed service segment would dominate the Deception Technology market where as the system integration service and consulting segments are expected to show a substantial increase in Deception Technology market. It has been observed that for securing their networks and endpoints, organizations are continuously deploying managed services. The study reveals that Deception Technology market would be dominated by BFSI sector by the forecast period. However, considering the deployment segment, the cloud based Deception Technology shows a significant growth and is expected to show a sudden hike by the forecast period. The study reveals that the data security segment is expected to have fastest growth in the deception technology market.
Key Players
The prominent players in the Deception Technology 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.) among others
Market Research Analysis:
Regional analysis for Deception Technology market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Deception Technology market. The study indicates that North America region has high technological developments and high adoption of internet of things (IoT) this has resulted in the growth of Deception Technology market in North America region.
The study reveals that Asia-Pacific region is expected to show a significant growth in Deception Technology market by the forecast period. Asia-Pacific countries like China, India and Korea have high investments in network security infrastructure which has resulted as the primary growth driver for the Asia-Pacific region. There has been a news about deception technology that Israel has the second highest concentration of cyber-defense companies in the world after the United States which use deception technology for cyber-defense.
Industry Updates:
Nov 2018 Attivo Networks who is a leader in deception for cyber security threat detection, has included new advanced capabilities that use machine learning to automatically create and deploy the most authentic deception that masks an extensive set of attack vectors at scale. The most recent product release reduces the total cost of ownership by entirely automating the deployment and maintenance of the most authentic and all-inclusive deception environment. It is the latest in deception technology and wholly integrates into any customer’s security workflow.
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Table of Contents:
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
Continued…
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