Deception Technology Market is expected to grow at a CAGR of 14.9% during the forecast period of (2019 – 2024) | 360 Market Updates

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Deception Technology

Deception Technology Market Report Title: “Deception Technology Market – Growth, Trends, and Forecast (2019 – 2024)

Deception Technology Market (2019 – 2024) report provides the accurate CAGR with complete market overview, list of key players, scope of the report, key market trends of Deception Technology market and main aspects about why should buy this research report.

Deception Technology Market Overview:

The deception technology market is estimated to register a CAGR of 14.9% during the forecast period 2019 – 2024. Due to the increasing number of data breaches and profound cyber-attacks across the world, need for an advanced security infrastructure that can withstand and counter such network security breaches is driving the market.

– Current security tools are effective at flagging up anomalies but are not significant at defining their impact and risk potential. These tools result in the generation of many alerts, most of which are needed to be investigated by security teams despite many of them being a waste of time. Resources are spent wastefully assessing these false alarms, while real and present threats can be missed out.
– Scenarios like these are aiding deception technology to gain momentum, over the past few years. Deception technology is revolutionizing the security field, that disables the malware attacks by deceiving them in their own operation, defending the enterprise from such attacks.
– These advanced deceptive technology solutions are expected to save billions of dollars, affected by the cyber-attacks globally, and also supports the need for a secure platform to protect both public and private infrastructure security necessities.

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List of Key-players/Leading Manufacturers:

  • Illusive Networks Ltd.
  • TrapX Security Inc.
  • Smokescreen Technologies
  • Attivo Networks Inc.
  • Rapid7 LLC
  • Ridgeback Network Defense Inc.
  • GuardiCore Ltd.
  • Acalvio Technologies Inc.
  • CounterCraft SL
  • CyberTrap Software GmbH
  • Fidelis Cybersecurity Inc.
  • LogRhythm Inc.
  • WatchGuard Technologies Inc
  • NTT Security Limited
  • Symantec Corporation

    Scope of the Deception Technology Market Report:

    The aim of deception technology is to prevent a cybercriminal that has managed to enter a network from doing any significant damage. The technology works by generating traps that replicate legitimate technology assets of the firm. These traps run in a virtual or real operating system environment and are designed to trick the cybercriminal into thinking that they have discovered a way to steal data and important credentials.

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    Key Trends Of Deception Technology Market:

    Medical Sector to Witness High Growth

    – Advancement in technology has led to the usage of digital technologies in the healthcare sector, which is used to develop an end-user experience. With the generation of huge patient data and medical records, it is very important to secure the data which is driving the market studied in this sector.
    – Despite the high level of threats, in the healthcare sector, the security, in terms of cybersecurity and other breaches, is still underrated, and the industry hasn’t been proactive in securing their data with the new technologies.
    – The growing number of cyber attacks in the healthcare sector, and a large number of stolen record alerts being detected by the different external sources, this factor is the primary driver of the market for deception technology.

    North America Occupies the Largest Market Share

    – North America is the largest region for the deception technologies, as the region has a high demand for protection and control systems against cybercrimes. Also, the region has the highest adoption rate of IoT technologies leading to a growing need for data security.
    – Moreover, with the growing number of data centers in North America due to increased research and development activities are also allowing the deception technology market to grow. The industrial sector also has stringent security policies for the safety of intellectual property, and as the industrial sector grows, it increases the demand for deception technology.
    – With the availability of adequate infrastructure, the presence of numerous global financial institutions, high frequency of cyber-attacks, and increased adoption of connected technologies are expected to drive the growth of the deception technology market in the North American region.

    Reasons to Purchase Deception Technology Market Report:

    • The report analyses how the stringent emission control norms will drive the global Deception Technology market.
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market.
    • Study on the regions that are expected to witness fastest growth during the forecast period.
    • Identify the latest developments, market shares and strategies employed by the major Deception Technology market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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    Overview of TOC, what it contains? – 

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.2 Distribution Channel

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategy
    6.4 Company Profiles

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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