Deception Technology Market to Witness Revolutionary Growth by 2025| Attivo Networks, TrapX Security, LogRhythm

HTF MI added a new research study in its database with title 'Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' that includes detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, South America, Asia-Pacific, Eorope and important players/vendors such as Shape Security Inc. (United States), Attivo Networks, Inc. (United States), TrapX Security, Inc. (United States), LogRhythm etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2019-2025.

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Summary

Global Deception Technology Market Overview:

The cybersecurity threats are increasing day by day with the introduction to a number of hacking techniques and virtual tools. It leads to increase the organization expenses in incorporating the losses incurred by hacking attacks. Thus, the demand for deception technology has been increased across the glove to minimize and track the hacking attacks. Deception technology secures the network systems from harmful malware, assists in tracking the actions of the hackers as well as prevent the possible damage which can be caused by unauthorized access to the organizations’ own network. With the growing adoption of IoT enabled and cloud-based applications need of deception technology has been increased over the past couple of years. Some of the key players profiled in the study are GuardiCore Ltd. (Israel), SEC Technologies, s.r.o. (Slovakia), Shape Security Inc. (United States), Attivo Networks, Inc. (United States), TrapX Security, Inc. (United States), LogRhythm Inc. (United States), Allure Security Technology, Inc. (United States), Smokescreen Technologies Pvt. Ltd. (India), Fidelis Cybersecurity (United States) and Cymmetria Inc. (Israel). According to Market Analyst at AMA, the Global Deception Technology market may see a growth rate of 12.39% and would reach the market size of USD2.67 Billion by 2024.

On the basis of geography, the market of Deception Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Deployment Model, the sub-segment i.e. On-premise will boost the Deception Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government Organizations will boost the Deception Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Market Drivers
Rising Instances of Fishing, Key Logger and Zero-Day Attacks
Growing Adoption of Safe and Secure IoT Based Applications

Market Trend
Adoption of Advanced Deception Systems Capable of Tracking Hackers
Inclusion of Hacking Technique Tracing and Analytics Tools

Restraints
Lack of Awareness of About the Cyber Security Tools
Growing Use of Pirated Tools Instead of Paid and Premium Deception Tools

Opportunities
Escalating Demand for Cyber Security Tools from North American Market
Increasing Need for Protecting Data Centers and Networks

Challenges
Lack of Expertise in Handling such Complex Software
Growing Usage of Cloud Computing and Virtual Environment which is Prone to Hacking Attacks

Major Market Developments:

On March 21st, 2019, a global leader in deception for cybersecurity threat detection, ‘Attivo Networks Inc.’ and a leading utility-backed energy investment and innovation firm ‘Energy Impact Partners (EIP)’ have formed a strategic alliance which will enable Attivo Networks to expand its service portfolio of energy sector-specific deception technology and increase its go-to-market activities to broaden its customer base of utility companies around the world.
On March 25th, 2019, a leader in internal data center and cloud security ‘GuardiCore Ltd.’ has launched Guardicore Threat Intelligence community resource which Developed by the Guardicore Labs research team. It is a freely available public resource for identifying and investigating malicious IP addresses and domains. It enables organizations to rate top attackers, top attacked ports and top malicious domains which ultimately provides favorable insights to security teams and minimize risks.

The global deception technology market is minimally competitive due to lack of awareness about cyber security tools and absence of cyber security regulations. Significant development and adoption of Deception systems has been seen in Israel with the availability of stringent government regulations for favoring anti-hacking tools. In addition to this, its adoption has been increased in the North American Market over the last couple of years.

Target Audience:

Deception Technology Providers, Cyber Security Industry Associations, Government Regulators, IoT and Cloud-Based Solution Providers and Others

Major Objectives Focused through this Study
• To define, describe, and forecast the Global Deception Technology market on the basis of product [] , application [Application security, Data Security, Endpoint security and Network security], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Deception Technology market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Deception Technology industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market

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Available Customization:

Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Illusive Networks (United States), Rapid7 Inc. (United States), Hexis Cyber Solutions, Inc. (United States), Percipient Networks (United States), ForeScout Technologies Inc. (United States) and Shadow Networks (Acalvio Technologies, Inc.) (United States).
** Confirmation on availability of data would be informed prior purchase

While framing the research framework, major and emerging players operating in the Deception Technology market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.

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Strategic Points Covered in Table of Content of Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market. (Introduction)
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)
Chapter 4: Presenting the Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Global Deception Technology Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source.

....Continued

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