Press release
Persistent Cyber Threats, BYOD Trend To Propel Demand For Deception Technology
Deception technology is a recent development in the field of cyber security. It consists of security tools and techniques developed so as to evade potential attackers by misdirecting or delaying them from penetrating further into the network. The report covers estimation of market size, five force analysis, the levels of deception technology offered by companies, and major partnerships, along with regulatory policies of the government, vendor matrix, and the buying criteria for deception technology for the forecast period 2016 to 2020.
The global market for deception technology is segmented according to deception stack layer and end-user type. Energy and power, retail, and other verticals such as healthcare, manufacturing, administrative, IT and telecom, and BFSI are the categories under the end-user segment. Based on deception stack layer, application, data, and endpoint network layer are the major segments. Because of the rising customer data security requirements that are to be met by host organizations, the BFSI segment will grow rapidly, experts predict.
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Increasing adoption of BYOD (bring your own device) policy among enterprises, increasing number of attacks and advanced persistent threats, and the need to ensure complete safety are some prominent drivers of the global deception technology market. Owing to the rise of software-defined networking, increasing installation of in-band security appliances is practiced in order to ensure protection. Moreover, it has become mandatory for government institutions to adopt deception technology solutions such as anti-virus software, encryption, firewalls, intrusion detection system, login passwords, intrusion prevention system, and the likes in order to protect critical data. All these developments have fuelled the demand for deception technology. On the contrary, absence of efficient security solutions has been restraining the market for deception technology.
Among the geographical segments, Asia Pacific is expected to witness significant advancement due to extensive investments in network security undertaken by BFSI and IT and telecom sectors in China and India. Furthermore, numerous smart city projects in these regions will benefit the market for deception technology. Substantial developments in the field of deception technology in Canada and the U.S. are projected to drive the deception technology market in North America, which is expected to dominate other regional markets.
Major players in the global deception technology market are Cymmetria, GraudiCore, TrapX Security, Attivo Networks, Hexis Cyber Solutions, Rapid7, Allure Security Technology, ForeScout, Specter, Percipient Networks, CyberTrap, Shape Security, TopSpin Security, LogRhythm, and Illusive Networks.
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