Deception Technology Market Size, Share, Growth and Trends, Forecast 2024-2031

The Global Deception Technology Market reached US$ 1.9 billion in 2023 and is expected to reach US$ 5.7 billion by 2031, growing with a CAGR of 12.1% during the forecast period 2024-2031.

Deception technology provides a proactive defense strategy designed to detect and respond to threats before they inflict damage. By emphasizing early threat detection and rapid response, deception technology aligns with the evolving cybersecurity landscape. Unlike traditional security measures that primarily focus on prevention, deception technology enhances these efforts by actively identifying threats that have already infiltrated the network.

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Market Dynamics:

Rising Government Initiatives

To safeguard sensitive data, critical infrastructure, and national security, governments worldwide are increasing their investments in cybersecurity. This expanded funding and support are driving the adoption of advanced technologies such as deception technology by organizations. Governments often implement cybersecurity regulations and standards that require organizations to adopt advanced security measures.

For example, on August 31, 2023, the Computer Emergency Response Team-India (CERT-In), the national agency tasked with managing cybersecurity threats, has significantly reduced cyberattacks on government networks. This initiative, launched by the Ministry of Electronics and Information Technology (MeitY), aims to strengthen India's cybersecurity framework under the "Digital India" initiative. It represents a collaborative effort between MeitY and the National Electronic Governance Division (NeGD).

Segment Covered in the Deception Technology Market:

By Deployment: Cloud, On-Premise.

By Organization Size: Small and Medium Enterprises, Large Enterprises.

By Service: Managed Services, Professional Services.

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

By End-User: Government, Medical, BFSI, Defense, IT, Others.

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Key players involved in Deception Technology Market:

• Illusive Networks Ltd.
• Attivo Networks Inc.
• Rapid7, Inc.
• Ridgeback Network Defense Inc.
• Acalvio Technologies Inc.
• Akamai Technologies Inc.
• CounterCraft SL
• CyberTrap Software GmbH
• NTT Security Limited
• Broadcom Inc.

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Regional Analysis:

The Deception Technology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Deception Technology Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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