Deception Technology Market
Global Deception Technology Market Size, Share & Trends Analysis Report by Deployment Type (On-Premises and Cloud-Based), by Deception Stack (Application Security, Data Security, Endpoint Security, and Network Security) and by Vertical (BFSI, Government, Healthcare, IT & Telecom, and Others) and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global deception technology market is growing at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market is driven by the growing demand for cloud computing and BYOD platform in enterprises. BYOD is making noteworthy progress in the corporate world, it is estimated that more than 75% of the employees in the emerging economies such as India, China, Brazil, and Russia are using their devices at their workplace, and 44% of the employees in developed countries such as the US and Germany are using their devices at workplace. There is increased adoption of cloud-based services owing to flexibility and cost-effectiveness.
In the European Union, the demand for cloud-based services among enterprises has been growing significantly. For instance, according to Eurostat, 26% of EU enterprises used cloud computing in 2018, primarily for e-mails and storage of files. Finland has the highest adoption of cloud computing services in Europe and accounted for 65.3% in 2018. Later on, Sweden, Denmark, and Norway attracted significant share in 2018 with 57.2%, 55.6% and 50.7%, respectively. This, in turn, has increased the need for solutions that can detect cyberattacks early. Due to these benefits, the deception technology is being significantly preferred in several application areas, such as banking, financial services and insurance (BFSI), government, and aerospace & defense. However, the increasing use of legacy honeypots will affect the market growth during the forecast period.
Segmental Outlook
The deception technology market is classified on the basis of deployment type, deception stack, and vertical. Based on deployment type, the market is bifurcated into on-premises and cloud-based. Based on deception stack, the market is segmented into application security, data security, endpoint security, and network security. Based on vertical, the market is segregated into BFSI, government, healthcare, IT & telecom, and others.
Global Deception Technology Market Share by Vertical, 2019 (%)
Global deception technology market is driven by its rising application in BFSI
Deception Technology finds significant application in BFSI sector. The rising trend for BYOD for increasing flexibility and scalability in a working environment is significantly increasing the adoption rate of deception technology in BFSI industry. The BFSI sector is upgrading its services, such as processing and transaction services with the cloud-based platform. Such advanced services will offer end-to-end security solutions to the BFSI industry, which in turn, offers optimized solutions against both internal and external threats.
Regional Outlook
The global deception technology market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America holds a significant share in the global deception technology market. The US plays the critical role in geographic contribution of North America in global deception technology market, attributing to a significant shift towards BYOD trend that is prevailing across the North American region. The individuals in the region rely on digital devices that has increased the use of number of devices such as smartphones and laptops. Additionally, the presence of high number of enterprises in the region, particularly in the US further boost the growth of the global deception technology market in the region.
Global Deception Technology Market Growth, by Region 2020-2026
Asia-Pacific is expected to propel with a considerable growth rate in the global market
Asia-Pacific is estimated to project a considerable CAGR in the global deception technology market. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. The rapid adoption of cloud-based services in the region is estimated to drive the growth of deception technology in the market. The government views cloud computing as a strategic priority and included it in the nation’s 12th Five-Year Plan. The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology launched pilot cloud schemes in five cities: Beijing, Shanghai, Shenzhen, Hangzhou, and Wuxi. China’s development blueprint for the next five years, the 13th Five-Year Plan (2016 – 2020), is estimated to reaffirm the strategic priority of cloud computing, with the NDRC planning continued investment through 2020.
Market Players Outlook
The key players in the deception technology market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global deception technology market include Attivo Networks, Inc., Illusive Networks, Rapid7, Inc., Trapx Security, Smokescreen Technologies, and Fidelis Cybersecurity, Inc. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global deception technology market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Deception Technology Market by Deployment Type
5.1.1. On-premises
5.1.2. Cloud-based
5.2. Global Deception Technology Market by Deception Stack
5.2.1. Application Security
5.2.2. Data Security
5.2.3. Endpoint Security
5.2.4. Network Security
5.3. Global Deception Technology Market by Vertical
5.3.1. BFSI
5.3.2. Government
5.3.3. Healthcare
5.3.4. IT & Telecom
5.3.5. Others (Retail and Manufacturing)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Acalvio Technologies, Inc.
7.2. Allure Security Technology, Inc.
7.3. Attivo Networks, Inc.
7.4. Carbon Black, Inc. (VMware Inc.)
7.5. CYBERTRAP Software GmbH
7.6. Cymmetria, Inc.
7.7. Fidelis Cybersecurity, Inc.
7.8. Forescout Technologies Inc.
7.9. Guardicore Ltd.
7.10. Illusive Networks
7.11. Kudelski Security
7.12. Logrhythm, Inc.
7.13. Pentesec Ltd.
7.14. Rapid7, Inc.
7.15. RevBits
7.16. Smokescreen Technologies
7.17. Trapx Security
7.18. vArmour Networks, Inc.
1. GLOBAL DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
2. GLOBAL ON-PREMISES DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL CLOUD-BASED DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DECEPTION STACK, 2019-2026 ($ MILLION)
5. GLOBAL DECEPTION TECHNOLOGY FOR APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL DECEPTION TECHNOLOGY FOR DATA SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL DECEPTION TECHNOLOGY FOR ENDPOINT SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL DECEPTION TECHNOLOGY FOR NETWORK SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
10. GLOBAL DECEPTION TECHNOLOGY IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL DECEPTION TECHNOLOGY IN GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL DECEPTION TECHNOLOGY IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL DECEPTION TECHNOLOGY IN IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL DECEPTION TECHNOLOGY IN OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
18. NORTH AMERICAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DECEPTION STACK, 2019-2026 ($ MILLION)
19. NORTH AMERICAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
20. EUROPEAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
21. EUROPEAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
22. EUROPEAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DECEPTION STACK, 2019-2026 ($ MILLION)
23. EUROPEAN DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DECEPTION STACK, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
28. REST OF THE WORLD DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
29. REST OF THE WORLD DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY DECEPTION STACK, 2019-2026 ($ MILLION)
30. REST OF THE WORLD DECEPTION TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
1. GLOBAL DECEPTION TECHNOLOGY MARKET SHARE BY DEPLOYMENT TYPE, 2019 VS 2026 (%)
2. GLOBAL DECEPTION TECHNOLOGY MARKET SHARE BY DECEPTION STACK, 2019 VS 2026 (%)
3. GLOBAL DECEPTION TECHNOLOGY MARKET SHARE BY VERTICAL, 2019 VS 2026 (%)
4. GLOBAL DECEPTION TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
7. UK DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD DECEPTION TECHNOLOGY MARKET SIZE, 2019-2026 ($ MILLION)
