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Deception Technology Market Advancements by 2023 - Datavail, Elastifile, Mesosphere, Nimboxx, Rapid7, Logrhythm, TrapX Security Attivio Networks, Illusive Networks, Cymmetria, GuardiCore

08-07-2019 07:57 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Deception Technology Market - Premium Market Insights

Deception Technology Market - Premium Market Insights

Global deception technology market to grow at a CAGR of 12.8% during the forecast period.

The market is segmented into solution, services, deployment modes, end-user verticals, and regions.
Deception technology has started witnessing a healthy growth since the recent past years due to the rising use of surveillance, identity, and access applications and increasing cybersecurity concerns among the enterprises. Enterprises are increasing their spending on security technologies to reduce organizational security breaches, securing the perimeter, data security, content protection and controls, maintaining privacy, IP, and API's among other factors. Henceforth, the adoption of deception technology has been rising in SMEs and large enterprises in the recent years.

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The List of Companies
Datavail
Elastifile
Mesosphere
Nimboxx
Rapid7 Inc. Logrhythm Inc. TrapX Security
Attivio Networks Inc. Illusive Networks
Cymmetria Inc
GuardiCore Ltd
Allure Security Technology Inc
VArmour Networks Inc
Topspin Security
Smokescreen Technologies

Henceforth, the adoption of deception technology has been rising in SMEs and large enterprises in the recent years. Furthermore, the rising adoption of digital technologies, such as IoT, analytics, and mobility technologies, is supporting the growth of deception technology across various industrial sectors.

As there is a rising concern among organizations for the security of their virtualized infrastructure and business information, enterprises are investing in security technologies for the protection of their organizational assets. Since there is low awareness among the organizations of the available solutions, vendors are required to put in an effort to promote the benefits of the solutions. In addition, there is a lack of industry standards which is in the development phase.

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