Global Deception Technology Markets Report 2022: The market is projected to reach $4.2 billion by 2026

DUBLIN, April 14, 2022 /PRNewswire/ — The “Deception Technology – Global Market Development and Analysis” Report has been added ResearchAndMarkets.com Offer.

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To reach global market for deception technology $4.2 billion until 2026

The global market for deception technology is estimated at approx $1.9 billion in 2020 is expected to reach a revised size of $4.2 billion to 2026 and growing at a CAGR of 13.7% over the analysis period.

Deception technology is a new and emerging cybersecurity platform that aims to prevent damage from cybercriminals who have already infiltrated a network.

By creating decoys and traps that mimic legitimate technology assets throughout infrastructure, deception technology attempts to redirect cyber criminals’ motives and programs aimed at stealing credentials and privileges. Immediately after a trap is triggered, notifications are sent to a central deception server, whereupon the affected decoy and attack vectors used by the cybercriminal are recorded. The approach is designed to give the cybercriminal a false perception of the attack.

Additionally, the approach works for both automated and human attackers, providing the same benefit when detecting insider, vendor, or external threats. Deception technology relies on diversionary measures to divert normal activity from organizational assets to fake assets intended for defense.

By creating a deceptive environment for the cybercriminal, the technology reduces risk and improves security. The concept of deception involves the use of honeypots and lures designed to attract cyber criminals. The strategy is to give cyber attackers the false impression that they have successfully penetrated the corporate network or infrastructure to access business-critical information or assets.

Solutions, one of the segments analyzed in the report, is expected to register 12.4% CAGR and reach $2.7 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Services segment is adjusted to a revised annual growth rate of 15.7% for the next 7 years.

The US market is estimated at $1.1 billion in 2021, while China is expected to reach $244.4 million until 2026

The market for deception technology in the USA is estimated at $1.1 billion in 2021. Chinathe second largest economy in the world, is expected to reach a market size of $244.4 million to 2026 with a CAGR of 15.5% over the analysis period.

Among the other notable geographic markets are Japan and Canada, forecasting growth of 12.2% and 13.4%, respectively, over the analysis period. Inside Europe, Germany growth of around 13.3% CAGR is forecast.

Due to the rising frequency of cyber attacks and the urgent need for sophisticated technologies to deal with security issues efficiently, the global market is expected to grow gradually during the analysis period. The increasing reliance of businesses on emerging technologies such as IoT along with the proliferation of connected devices create multiple vulnerabilities that drive cybercriminals to target corporate networks.

As organizations make constant efforts to prevent new attacks, cybercriminals use sophisticated tools and methods to find new ways to ensure security breaches and reach business-critical assets. Furthermore, advanced cyberattacks recognize the contextual environment and use indicators within the target systems to dynamically change the attack strategy, which is relevant for both human and automated attacks. The problem requires organizations to implement deception technology to adjust the contextual environment for better defense.

Organizations are increasingly integrating deception technology to protect systems from cyberattacks such as malware. The approach tracks every intruder on the corporate network and helps administrators analyze and report the problem. Market growth is being stimulated by increasing cyberattack incidents, including zero-day attacks, malware, sophisticated persistent threats, and distributed denial-of-service attacks.

These threats are driving governments and organizations to invest in deception technology to protect their networks and data centers. Global demand for the technology is also attributed to its numerous advantages over traditional security tools, which spot anomalies but fail to properly define their risk potential and impact.

Alerts generated by standard tools need to be investigated by administrators, including those that are false positives that lead to unnecessary resource consumption. On the other hand, administrators sometimes overlook potential and real threats. Deception technology changes the asymmetry of an attack to help security teams focus on real threats. Technology plays an important role in thwarting attacks and mitigating potential casualties.

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

  • Insights into the influencer market

  • COVID-19 and a looming global recession: New opportunities are emerging in the wake of the pandemic

  • Embedding cybersecurity in the digital transformation accelerated by the COVID-19 pandemic will be of paramount importance

  • An introduction to deception technology

  • Deception Technology: Current Market Scenario and Outlook

  • Analysis by batch type

  • Network Security: The largest type of deception technology stack

  • Data security is emerging as the fastest growing stack type

  • Application security continues to gain importance in deception strategies

  • Endpoint security remains highly topical

2. FOCUS ON SELECTED PLAYERS (Total 34 Featured)

  • Acalvio Technologies, Inc

  • Allure Security Technology, Inc

  • Active Networks, Inc

  • CounterCraft SL

  • CYBERTRAP Software GmbH

  • Cymmetria, Inc

  • Cysiv

  • Fidelis Cybersecurity Inc

  • Fortinet, Inc

  • Guardicore Ltd

  • Illusive Networks

  • Rapid7, Inc

  • Ridgeback Network Defense Inc

  • sand vine

  • Smoke Screen Technologies

  • trapx security

  • warmth

3. MARKET TRENDS & DRIVERS

  • Rapidly increasing scale and cost of cybercrime: cornerstones driving the current and future growth of the deception technologies market

  • The emergence of cyber-physical attacks on critical infrastructure increases the importance of cybersecurity

  • The rise of IoT and the expansion of the attack surface are accelerating the transition to deception technology

  • Deception technology is emerging as the perfect security paradigm for the IoT

  • AI is stepping in to revolutionize the deception technology ecosystem

  • Robust Opportunities for Deception Software in the Cloud Security Landscape

  • Rise in remote workers and VPN deployments are sparking a new wave of opportunity

  • Established role of BYOD to give impetus to the deployment of deception software

  • Key factors driving the BYOD trend among organizations, ranked by the importance attached by organizations

  • Select Mobile apps used in BYOD environments

  • Social networking site threat focuses on deception technology

  • Amid the growing role of cybersecurity solutions in the energy sector, Deception Technology sees new opportunities

  • Evolving cyber threats continue to create a hostile environment for energy companies and utilities

  • Deception Technology seeks role in healthcare networks

  • Deception technology for retail and financial services

  • Deception Technology sees opportunities in the data center security landscape

  • Cybersecurity becomes critical with the impending rollout of 5G, giving impetus to deception tools

  • With Windows 7 end of life in 2020, deception software is gaining importance in enterprise systems with legacy operating systems

  • Rising threat from disruptionware attacks bodes well

  • Remarkable Government Sector Growth: Increased funding to combat cybersecurity breaches supports deception tools market

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report, see https://www.researchandmarkets.com/r/lxe6xq

Media contact:

research and markets
Laura WoodSenior managers
press@researchandmarkets.com

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