The “Global Deception Technology Market: Growth, Trends and Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Deception Technology Market was valued at USD 1.19 billion in 2019 and is expected to reach USD 2.48 billion by 2025, at a CAGR of 13.3% over the forecast period 2020-2025.
Owing to the higher level of cyber threats, there is an increasing need from the organizations to detect and mitigate advanced risks that have already breached the network. This is boosting the adoption of deception technology.
The current security tools are effective at flagging up anomalies but are not significant at defining their impact and risk potential. These tools result in the generation of many alerts, most of which are needed to be investigated by security teams despite many of them being a waste of time. The resources are spent wastefully assessing these false threats, while the real and present threats can be missed out. By altering the asymmetry of an attack, deception technology helps the security teams to focus on real threats to the network. The scenarios like these have been aiding the deception technology to gain momentum over the past five years.
Currently, many deception solutions have AI and machine learning (ML) built into their core. These features not only ensure that deception techniques are kept dynamic but also help in the reduction of the operational overheads and the impact on security teams, by freeing them from continually creating new deception campaigns. For instance, in October 2019, CSIRO’s Data61 signed a significant research project with the cybersecurity firm, Penten, to build AI-enabled cybersecurity defense technology, also known as deception technology that includes cyber traps and decoys. The research will focus on extending Penten’s work on applying AI to tackle cyber attackers, using deception technology.
Key Market Trends
Government Sector to Witness Significant Market Growth
North America Occupies the Largest Market Share
Competitive Landscape
The deception technology market is highly competitive, owing to the presence of many small and large players in the market. The market is moderately concentrated with the key players adopting strategies, like product innovation and mergers and acquisitions, to extend their reach and stay ahead of the competition. Some of the key players in the market are Symantec Corporation, Rapid7 LLC, and WatchGuard Technologies Inc., among others.
Recent Industry Developments
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Force Analysis
4.3 Industry Value Chain Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Number of Zero-day and Targeted APT’s
5.1.2 Need of Effective Solutions for Early Detection of Attackers
5.2 Market Restraints
5.2.1 High Usage of Legacy Honeypots
6 MARKET SEGMENTATION
6.1 By Deployment
6.1.1 Cloud
6.1.2 On-premise
6.2 By Organization Size
6.2.1 Small & Medium Enterprise
6.2.2 Large Enterprise
6.3 By Service
6.3.1 Managed Services
6.3.2 Professional Services
6.4 By Deception Stack
6.4.1 Data Security
6.4.2 Application Security
6.4.3 Endpoint Security
6.4.4 Network Security
6.5 By End-user
6.5.1 Government
6.5.2 Medical
6.5.3 BFSI
6.5.4 Defense
6.5.5 IT & Telecommunication
6.5.6 Other End-users
6.6 Geography
6.6.1 North America
6.6.2 Europe
6.6.3 Asia-Pacific
6.6.4 Latin America
6.6.5 Middle-East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Illusive Networks Ltd.
7.1.2 TrapX Security Inc.
7.1.3 Smokescreen Technologies Pvt. Ltd.
7.1.4 Attivo Networks Inc.
7.1.5 Rapid7 LLC
7.1.6 Ridgeback Network Defense Inc.
7.1.7 GuardiCore Ltd.
7.1.8 Acalvio Technologies Inc.
7.1.9 CounterCraft SL
7.1.10 CyberTrap Software GmbH
7.1.11 Fidelis Cybersecurity Inc. (Skyview Capital LLC)
7.1.12 LogRhythm Inc.
7.1.13 WatchGuard Technologies Inc.
7.1.14 Nippon Telegraph and Telephone Corporation (NTT Security Limited)
7.1.15 Broadcom Inc. (Symantec Corporation)
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
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