Deception Technology Market

Deception Technology Market Size, Share, Growth Analysis, By Component(Solution, Services), By Deception Stack(Application Security, Data Security, Endpoint Security, Network Security), By Deployment Mode(On-Premise, Cloud-based), By Organization Size(Small and Medium Enterprises (SMEs), Large Enterprises), By Vertical(Banking, Financial Services, and Insurance (BFSI), Energy & Utilities), By Regions(North America, South America, Europe, Middle East & Africa) - Industry Forecast 2025-2032


Report ID: UCMIG45A2031 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Deception Technology Market Insights

Market Overview:

In 2020, the global deception technology market was valued at USD 1.34 billion, and it is expected to increase to USD 3.88 billion by 2028, growing at a CAGR of 14.4% during the 2021-2028 period. The market experienced a significant growth of 12.0% in 2020 compared to the average year-on-year growth during 2017-2019, with this increase in CAGR being attributed to the market's growth and demand. The market includes several deception solutions, such as Identity Deception and Response, Endpoint Deception Net Suit, InsightIDR by Rapid7, Inc., and others. Despite the COVID-19 pandemic, the market is expected to have a positive impact.

Deception Technology Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Software & Services by segment aggregation, the contribution of the Internet Software & Services in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Deception Technology was estimated to be valued at US$ XX Mn in 2021.

The Deception Technology Market is estimated to grow at a CAGR of XX% by 2028.

The Deception Technology Market is segmented on the basis of Component, Deception Stack, Deployment Mode, Organization Size, Vertical, Regions.

Based on region, the Deception Technology Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Deception Technology Market are Attivo Networks, Inc. (California, U.S.), Rapid7, Inc. (Massachusetts, U.S.), Illusive Networks, Inc. (New York, U.S.), Guardicore (Tel Aviv, Israel), LogRhythm, Inc. (Boulder, U.S.), Allure Security Technology, Inc. (New York, U.S.), PacketViper (Pennsylvania, U.S.), CyberTrap Software GmbH (Vienna, Austria), Fidelis Cybersecurity (Maryland, U.S.), Trapx Security (Massachusetts, U.S.).

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Deception Technology Market

Report ID: UCMIG45A2031

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