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Deception Technology Industry 2020: Growth Rate, Business Strategy, Key Trends and Revenue Analysis 2022

Market Research Future published a research report on “Deception Technology Industry Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Overview

As per the latest report published by Marker Research Future (MRFR), the global Deception Technology Industry is predicted to reach a significant market value of USD 2.3 billion by 2023 at a substantial CAGR of 14% in the review period.

Drivers and Restraints

In this precipitously changing environment, growing demand for a compact security infrastructure that would resist and counter such network security breaches is ever increasing. The rising adoption of the innovative internet of things (IoT) and big data are growing cybersecurity threats, which is responsible for driving the Deception Technology Industry over the assessment period.

Analyzing the current trends and developments in technologies, the report indicates a sudden hike in the Deception Technology Market. The market is driven by many influential factors such as a rise in instances of cyber-attacks such as cloud-based, zero-day attacks, Distributed Denial of Service (DDoS), and Advanced Persistent Threats (APTs). The advancing trend of Bring Your Own Device (BYOD) & the Internet of Things (IoT) is responsible for the growth of the deception technology market. The growing usage of pirated network security tools and lack of awareness is the major restraining factor for the market. The major hindrance of deception is that maintaining things such as breadcrumbs, decoys, and honeypots can be challenging in environments that are always changing, this is likely to be one of the hindering factors for Deception Technology Industry over the review period.

Get More Details of Report @ https://www.abnewswire.com/pressreleases/covid19-impact-on-deception-technology-market-2020-industry-analysis-key-players-business-growth-segmentation-opportunities-future-scope-and-regional-forecast-to-2022_490502.html

Key Players

The prominent players in the Deception Technology Industry are – TrapX Security (U.S.), Rapid7, Inc. (U.S.), Attivo Networks (U.S.), Allure Security Technology (U.S.), Guardicore (Israel), Cymmetria, Inc. (Israel), TopSpin Security (Israel), Smokescreen Technologies (India), Illusive Networks (Israel), LogRhythm Inc. (U.S), vArmour (U.S.)  among others

Segmental Analysis

The segmentation of the deception technology is carried on the basis of component, decision stack, deployment and end user. Based on component, the market is segmented into service and solution. On the basis of deception stack, the market is segmented into data security, application security, endpoint security, and network security. On the basis of deployment, the market is divided into cloud and on-premise. The end-user-based segmentation of the market consists of healthcare, manufacturing, transportation, BFSI, government, and retail.

Detailed Regional Analysis

The regional analysis of market for deception technology is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. The analysis observes that the North American region would influence the deception technology market in the forecast period followed by the European region due to the major developments in the field of deception technology observed in countries such as the U.S. and Canada. The study also states that U.S. and Canada are large hubs of start-ups vendors in the North America region. The study indicates that Asia Pacific nation like China, South Korea, Japan, India, and others are highly invested in network security infrastructure by companies in IT & Telecom and BFSI sectors. The Asia Pacific region is also anticipated to demonstrate positive growth in deception technology market by the forecast period.

Get Complete Report @ https://www.marketresearchfuture.com/reports/deception-technology-market-2466


1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure

2 Research Methodology

2.1 Research Network Solution

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers


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