Trend for Cloud Computing and Byod in Enterprises is Escalating the Global Deception Technology Market

The global deception technology market is projected to exhibit a significant growth, at a CAGR of around 14.8%, during the forecast period. The trend of BYOD is rising across the globe; however, corporates always have the risk of security as the employees access the company’s information and applications on their own device. More than 75% of the employees in the emerging economies such as India, China, Brazil, and Russia use their devices at workplace, whereas 44% of the employees in developed countries such as the US and Germany are using their devices at the workplace. It creates a significant opportunity for BYOD across the globe, which in turn, is driving the global deception technology market.

Browse the full report description 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 at https://www.omrglobal.com/industry-reports/deception-technology-market 

It is found that BYOD is accepted in North America at the wide level and is gaining speed in Asian countries, however, in Europe due to stringent government regulation, there will be a modest growth to the adoption of BYOD. 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. 

Employees have shown high interest in the use of one device for both professional and personal applications to avoid hassles such as theft and inconvenience due to carrying separate devices. These are the major factors indicating the increasing trend of BYOD and mobility in the enterprise. The rising adoption of the cloud platform is attributed to the faster deployment of new capabilities in enterprises. With the increasing amount of data generated through IoT, many enterprises have shifted their data to the cloud storage by choosing service providers. There is a steep demand for cloud-based services is seen in enterprises in the developed economies globally, which are offering growth opportunity for deception technology market. 

According to the Association for Computing Machinery, China has around $7.5 billion of cloud computing market, which is further projected to reach nearly $19 billion by 2020. There are several verticals, such as healthcare, banking, retail, manufacturing, and other sectors that have started moved from on-premises platform to cloud-based platforms, in order to optimize scalability, performance, and elasticity. There are several government initiatives, such as “Digital India”, the initiative of the Government of India for expanding e-governance throughout the country. This initiative includes deployment of cloud platform, which will substantially offer growth opportunity to market players operating in deception technology market. 

Global Deception Technology Market-Segmentation

By Deployment Type

• On-premises
• Cloud-based

By Deception Stack

• Application Security
• Data Security
• Endpoint Security
• Network Security

By Vertical

• BFSI
• Government
• Healthcare
• IT & Telecom
• Others (Retail and Manufacturing)

Global Deception Technology Market– Segment by Region