Technology industry

Global Deception Technology Industry to 2027

DUBLIN, July 8, 2022 /PRNewswire/ — The ‘Deception Technology Market – Forecast from 2022 to 2027‘ report was added to from ResearchAndMarkets.com offer.

Deception technology is a defensive cybersecurity practice that involves distributing a collection of traps and decoys across a system’s infrastructure to trick the hacker to the other side. Deception technology has greatly helped security teams by reducing alert fatigue, decreasing the time attackers stay on their network, and shortening the mean time to detection and resolution of threats. Market trend

The increased threat of cyber crimes and cyber breaches is expected to drive the deception technology market in the coming years. Furthermore, the growing virtual environment has increased the need to adopt advanced cyber security measures, which has increased the demand for deception technologies. Additionally, cutting-edge technologies supported by machine learning and artificial intelligence are expected to drive the market forward by introducing new features at every stage.

The high upfront costs of the technology, as well as the need for trained employees to manage it, can be significant constraints for the market. Growth factors

The main driver of the market is the rise of cybercrime:

With the increase in cyber crime in the world, the demand for deception technology is expected to increase in the coming years. The rate of advanced persistent threats (APIs) in which an intruder establishes a long-term illicit presence to exploit highly sensitive data and zero-day attacks in which the intruder discovers software vulnerabilities and exploits them with other hackers dramatically increased, which has also become a huge threat to government agencies. For example, in 2020, a group of Russian hackers broke into US federal agencies and also penetrated thousands of organizations around the world.

Additionally, the threat of ransomware attacks, in which a hacker threatens to block data or access information until the owner pays a ransom, has also increased over the years. All of these factors are expected to contribute significantly to the growth of deception technologies in the coming years. According to the US Department of Health and Human Services and the Identity Theft Resource Center (ITRC), nearly 98.2 million people were affected by the 10 largest data breaches in the first half of 2021.

The growing virtual environment will increase the demand for deception technology:

With the growth of the virtual environment, the need for deception technology is expected to further increase in the coming years. Virtual environment or computing environment that combines the use of Internet and high-tech services such as applications, software and other advanced technologies. With the increased internet addiction and increasing internet penetration, the demand for deception technology is expected to have a positive impact. For example, according to World Bank data, the number of internet users has increased over the years, from just 0.0495 in 1990 to 56.727% in 2019.

Detention

Huge installation costs are a major constraint in the market:

The major constraint in the global deception technology market is the huge investment costs associated with it. The technology and components that make up the whole system make its installation expensive by every organization and body, which has limited its use only to large organizations, and large enterprises like BFSI, government, military, defense, etc. . is a factor expected to be a hindrance for the growth of the market in the coming years. Additionally, the lack of trained employees and personnel to handle the deceptive technology can also restrain the market growth not only in various industries but also in underdeveloped economies.

The impact of the COVID-19 pandemic

With the onset of the COVID-19 lockdown and curfew around the world, businesses and industries around the world have started working from home. this, in turn, exposed enterprise vulnerabilities on a large scale, increasing the risks of data theft and cyber breaches. Therefore, the COVID pandemic has increased the need to adopt cyber security measures to protect their business structure, which has therefore had a positive impact on the deception technology market. Businesses around the world have adopted this technology to provide a secure shield for their businesses.

Main topics covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers
4.3.2. The bargaining power of buyers
4.3.3. The threat of new entrants
4.3.4. The threat of substitutes
4.3.5. Competitive rivalry in the industry
4.4. Industry Value Chain Analysis

5. DECEPTION TECHNOLOGY MARKET ANALYSIS, BY DEPLOYMENT MODEL
5.1. Introduction
5.2. On the site
5.3. Cloud

6. DECEPTION TECHNOLOGY MARKET ANALYSIS, BY COMPANY SIZE
6.1. Introduction
6.2. Little
6.3. Medium
6.4. Big

7. DECEPTION TECHNOLOGY MARKET ANALYSIS, BY APPLICATION
7.1. Introduction
7.2. Application Security
7.3. Data Security
7.4. Endpoint security
7.5. internet security

8. DECEPTION TECHNOLOGY MARKET ANALYSIS, BY END-USER INDUSTRY
8.1. Introduction
8.2. BFSI
8.3. Communication and technology
8.4. Detail
8.5. Government
8.6. Military and Defense
8.7. Others

9. DECEPTION TECHNOLOGY MARKET ANALYSIS, BY GEOGRAPHY

10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Key Players and Strategic Analysis
10.2. Emerging players and market profitability
10.3. Mergers, acquisitions, agreements and collaborations
10.4. Supplier Competitiveness Matrix

11. COMPANY PROFILES
11.1. Quick7
11.2. Allure Security
11.3. TrapX Security
11.4. Z-scale
11.5. Attivo Networks
11.6. eSec Forte Technologies Pvt. ltd.
11.7. LogRhythm Inc.
11.8. Ridgeback Network Defense Inc.
11.9. Fidelis Cybersecurity
11.10. Illusory networks

For more information on this report, visit https://www.researchandmarkets.com/r/uro2jc

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