Deception Technology Market 2019 Global Key Leaders: TrapX Security, Rapid7, Attivo Networks, Guardicore, TopSpin Security, Illusive Networks, vArmour

Market Research Future published a research report on “Deception Technology Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

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.

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Segmental Analysis

The segmentation of the deception technology is carried on the basis of component, decision stack, deployment and end user. Based on component, the market is segmented into service and solution. On the basis of deception stack, the market is segmented into data security, application security, endpoint security, and network security. On the basis of deployment, the market is divided into cloud and on-premise. The end-user-based segmentation of the market consists of healthcare, manufacturing, transportation, BFSI, government, and retail.

Key Players

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

Detailed Regional Analysis

The regional analysis of market for deception technology is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. The analysis observes that the North American region would influence the deception technology market in the forecast period followed by the European region due to the major developments in the field of deception technology observed in countries such as the U.S. and Canada. The study also states that U.S. and Canada are large hubs of start-ups vendors in the North America region. The study indicates that Asia Pacific nation like China, South Korea, Japan, India, and others are highly invested in network security infrastructure by companies in IT & Telecom and BFSI sectors. The Asia Pacific region is also anticipated to demonstrate positive growth in deception technology market by the forecast period.

Industry Updates:

Nov 2018 Attivo Networks who is a leader in deception for cyber security threat detection, has included new advanced capabilities that use machine learning to automatically create and deploy the most authentic deception that masks an extensive set of attack vectors at scale. The most recent product release reduces the total cost of ownership by entirely automating the deployment and maintenance of the most authentic and all-inclusive deception environment. It is the latest in deception technology and wholly integrates into any customer’s security workflow.

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Intended Audience:

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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