Deception Technology Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Deception Technology Market size accounted for USD 3.46 Billion in 2028, growing at a CAGR of 12.47% from 2021 to 2028. The Deception Technology market involves the use of cybersecurity solutions that deploy deceptive techniques to detect and thwart cyber threats. It operates by creating decoy assets, such as fake servers or network endpoints, to mislead and lure attackers away from genuine targets. This proactive approach helps organizations identify and respond to threats in real-time, enhancing overall cybersecurity defense. Key features include threat detection, automated responses, and the gathering of intelligence on adversaries. The market is driven by the increasing sophistication of cyber threats and the need for advanced strategies to detect and mitigate security breaches effectively. Leading vendors include Illusive Networks, TrapX Security, and Attivo Networks.

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The Deception Technology market is propelled by the escalating sophistication of cyber threats, driving organizations to adopt proactive measures. This cybersecurity approach involves deploying deceptive tactics, such as decoy assets, to detect and divert potential attackers. The market's growth is fueled by the increasing need for advanced threat detection and response mechanisms, as well as the emphasis on proactive cybersecurity strategies to safeguard sensitive data and networks.

Key Players
Some of the major Deception Technology Market players holding high market shares include Rapid7, LogRhythm, TrapX Security and Attivo Networks. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Illusive Networks, Cymmetria, GuardiCore, Allure Security Technology, TopSpin Security and vArmour

Report Description: https://evolvebi.com/report/deception-technology-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Segmental Analysis
Based on Deployment Mode, the Deception Technology market is segmented into Cloud and On-premises
Based on Organization Size, the Deception Technology market is segmented into Small and Medium Enterprises and Large Enterprises.

Based on Deception Stack, the Deception Technology market is segmented into Application security, Data Security, Endpoint security and Network security.
Based on Vertical, the Deception Technology market is segmented into Banking, Financial Services, and Insurance, Energy & utilities, Government, Healthcare, Manufacturing, Retail and Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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