System breaching is a common activity carried out by cyber hacker to extract sensitive information which may lead to cyber-attacks. Cyber deception is one of the emerging trends in cyber defense systems. It is a controlled act to capture the network and create uncertainty and confusion against sudden attacks and establish situational awareness. Major instances such as software infiltration and cloud-hacks increase the need for cyber deception solutions in several sectors. These solutions can identify, analyze, and protect against various forms of cyber-attacks in real time. The best known attempts of cyber deception in various commercial sectors are honeypots and honeynets.
In 2018, the global Cyber Deception Market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% between 2019 and 2025.
Cyber deception solutions have been gaining increasing momentum to protect networks, devices from malicious attacks, ransom wares, sophisticated cybercriminals, and Advanced Persistent Threats (APTs). Rise in the number of smartphone users and increasing adoption of Internet of Things (IoT) are the driving forces of cyber deception market. Rapid emergence of cloud-based companies increases the need for internal security reviews and audits which in turn accelerates the demand for cyber deception solutions.
Increasing need for compact security infrastructure to defend network security breaches on the coattails of growing incidences of cyber-attacks across the globe will possibly propel growth of the market in the coming years. Another key factor favoring progress in cyber deception market is high demand for deceptive security tools in data-sensitive sectors such as banking and insurance.
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