Deception Technology Market Business Insights, Growth Drivers, Trends, Future Advancements And Forecast Research 2032 - Illusive Networks Inc., Commvault Systems Inc., Rapid7 Inc., Akamai Technologies Inc., Fidelis Cybersecurity Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Deception Technology Market Size, Growth Rate, And Forecast

The global deception technology market size is expected to grow from $2.20 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The deception technology market size is expected to grow to $4.50 billion in 2027 at a CAGR of 15.4%.

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Deception Technology Market Drivers

Growing cybersecurity concerns are expected to propel the growth of the deception technology market going forward. Cybersecurity refers to the protection against the assault performed by cybercriminals to steal data and sensitive information by sending and hacking a computer system using malicious information and committing a security violation in which sensitive information can be stolen from a computer system without the prior permission of the owner of the system. Deception technology is used in the current time to prevent any unauthorized access to information from the system of the company of employees' database.

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Deception Technology Market Segments

• By Deception Stack: Application Security, Data Security, Endpoint Security, Network Security

• By Component: Solution, Services

• By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises

• By Deployment Mode: On-Premise, Cloud-Based

• By Vertical: Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Government, Healthcare, Telecom and IT, Manufacturing, Retail, and Other Verticals (Education, Defense, and Others)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Deception Technology market.

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Deception Technology Market Key Players

Major competitors in the deception technology market are Illusive Networks Inc., Commvault Systems Inc., Rapid7 Inc., Akamai Technologies Inc., Fidelis Cybersecurity Inc., Zscaler Inc., Allure Security Technology Inc., CyberTrap Software GmbH, Acalvio Technologies Inc., CounterCraft Security, Cymmetria Inc., vArmour Inc., PacketViper LLC, WatchGuard Technologies Inc., Ridgeback Network Defense Inc., Fortinet Inc., and RevBits LLC.

The Business Research Company's "Global Deception Technology Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Deception Technology Market Include:
1. Executive Summary
2. Deception Technology Market Characteristics
3. Deception Technology Market Trends And Strategies
4. Deception Technology Market - Macro Economic Scenario
5. Deception Technology Market Size And Growth
………………
27. Deception Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Deception Technology Market
29. Deception Technology Market Future Outlook and Potential Analysis
30. Appendix

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