Deception Technology Global Market – Overview
The Global Deception Technology market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry. According to a recent study report published by the Market Research Future, the global market of Deception Technology is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The factors driving the global market of Deception Technology Market are rising adoption bring your own device (BYOD), internet of things, and rise in threats among others. On the other hand, technology limitation, lack of awareness about technical threats via internet are some of the factors hindering the growth of Deception Technology Market.
The Deception Technology market is highly competitive due to the increase cyber-attacks and DDOS attacks. The major benefits of deception technology like reduction in risks of economic losses, advanced real time forensics and others are fuelling the deception technology market. Deception is expected to play a critical role as the next line of defense for detecting intrusions that have made their way inside the network before an attack can be completed and damages done. Thus, deception technology is closing the gaps between current prevention solutions and the previous limitations of honeypots thereby seeking the mainstream in IT and security infrastructure.
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
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Nov 2017 – Attivo Networks, the leader in deception for cyber security threat detection, announced a strategic partnership with Networks Unlimited, Africa’s leading value-added distributor. With this distribution partnership, Attivo Networks and Networks Unlimited together aim to extend comprehensive next-generation deception-based cyber security defence to customers across the South and Sub-Saharan region. Next generation deception technology such as the Attivo ThreatDefend Platform is expected to advance the deception level well beyond simple emulations.
30 Oct. 2017 – Symantec announced an updated portfolio of endpoint security products, it is positioning as a next generation security platform for the cloud generation. Among the new and updated products in the Endpoint Security for the Cloud Generation portfolio is the Symantec Endpoint Protection (SEP) platform 14.1 release which now benefits from the addition of deception technology that detects and decoys stealthy attacks. Symantec is also adding new hardening capabilities to SEP that aims to prevent zero-day exploits and provide improves application isolation.
Deception Technology Global Market – Segmentation
The Deception Technology Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Component: Comprises Solutions and Services- support and maintenance, system integration, consulting and professional services.
- Segmentation By Deception Stack: Comprises Application security, data security, network security, and endpoint security
- Segmentation By Deployment Mode: Comprises of cloud and on premise mode
- Segmentation By End-user: Comprises Manufacturing, BFSI, Healthcare, retail, transport, government, telecom and others
- Segmentation By Regions : Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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Deception Technology Global Market – Regional Analysis
North-America is dominating the Global Deception Technology Market with the largest market share owing to the developments in deception technologies in the countries like U.S. and Canada. Deception Technology Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing to a large enterprises and SMEs in the region are increasingly adopting cloud computing solutions. Moreover, countries like China, Japan, South Korea and India are increasing investing in network security companies in the IT & telecom sectors. The European market for Deception Technology Market is expected to grow at a considerable CAGR (2016-2022).
- Deception Technology vendors
- Resellers and distributors
- Technology investors
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Network solution providers
- Independent software vendors
- Managed Security Service Providers (MSSPs)
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