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Global Deception Technology Market 2023: Opportunity Assessment, Technology Scouting, Future Scope And Forecast To 2032 | Major Players Are Illusive Networks Inc., Commvault Systems Inc., Rapid7 Inc., Akamai Technologies Inc., Fidelis Cybersecurity Inc
Deception Technology Market
The Business Research Company's Template Global Market Report 2023 identifies Growing cybersecurity concerns as the major driver for the Deception Technology Market's growth in the forecast period. 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.
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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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.
A key trend in the Deception Technology Market includes Technological innovation. Major players in the deception technology market are concentrating on creating new technological advancements to improve their competitive position. For instance, in March 2022, Zscaler Inc., a US-based company operating in deception technology, launched Zero Trust Network Access (ZTNA) Technology. Zero-trust network access technology is an IT security technology platform based on zero-trust exchange to provide remote access to an organisation's infrastructure. This technology reduces the chance of cyberattacks on cloud platforms, reduces high-risk human-operated attacks, and provides secure data and information sharing.
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The Deception Technology Market is segmented -
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.
The Business Research Company's "Global Deception Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Deception Technology Market
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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