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The Deception technology market is expected to register a CAGR of over 14.88% during the forecast period 2018 - 2023. The report profiles the services of deception technology, like managed and professional services in various regions.
The deception technology market is expected to grow during the forecasted period, owing to increasing security concerns among government and private bodies to protect their privacy and data. The major factors contributing to the growth of the market are the rise of APTs and DDOS attacks, the increasing need of effective solution for early detection of attackers by large and medium enterprises, coupled with the rise in adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trend within enterprises. Further, deception technology can aid to identify attackers moving laterally into the network and set off high confidence alert, thus protecting the system. However, lack of awareness about technical threats are some of the factors hindering the growth of Deception Technology Market.
Rising Adoption of BYOD and IoT Trends within Enterprises
Industrial IoT is on the rise with Industry 4.0. The increasing number of connected deceives raises security concerns and makes it easier for a data breach. The growth in the BYOD system within enterprises has led to the distribution of data across many systems. The number of threats organizations face is increasing. Attacks are becoming more sophisticated and target more widely. As the number of devices connected to the network, it becomes virtually impossible to encrypt and monitor each device. It is thus preferred to create an identical mirror system as a decoy for the attack to be directed at. This helps protect the data while observing the intentions of the attack on the decoy system. The increasing adoption of IoT and BYOD across the industries has led to the growth of deception technologies market.
North America is the Major Region for the Market
North America is a significant region for the deception technologies, as the area has a high demand for protection and control systems against cybercrimes. Also, this region has the highest adoption rate for IoT technologies leading to a growing need for data security. The US is the primary driver for the growth of the region in deception technologies. Growing data centers in North America due to increasing research and development activities are also allowing the deception technology market to grow. The industrial sector has stringent security policies for intellectual property, and the growth of industrial sector increases the demand for deception technology.
Key Developments in the Market
● April 2018: Illusive Networks announced Attack Surface Manager (ASM), the first automated solution to continually reduce the attack surface, and proactively lower the likelihood of targeted cyberattack success. ASM was developed in response to customer requirements to eliminate standing threats missed by traditional cyber defense offerings
● April 2018: Attivo Networks launched Counterintelligence; Bolsters Current Threat, and Adversary Intelligence Functionality for offense-driven countermeasures. The ThreatDefend Platform’s new DecoyDocs feature provides the ability to plant deception files that allow the organization to conduct data loss tracking (DLT) on documents that have been exfiltrated
● July 2018: Rapid7 Attacker Behavior Analytics brings together machine learning and human security expertise. With the addition of ABA, all InsightIDR customers are expected to automatically receive high-fidelity alerts on evolving attacker behaviors built from thousands of incident investigations, including the use of fileless malware, cryptojacking, and spear phishing
Major Players: ILLUSIVE NETWORKS, TRAPX SECURITY, SMOKESCREEN TECHNOLOGIES, ATTIVO NETWORKS, INC., RAPID7 LLC., RIDGEBACK NETWORK DEFENSE, INC., GUARDICORE, ACALVIO TECHNOLOGIES, INC., COUNTERCRAFT, PERCIPIENT NETWORKS, CYBERTRAP SOFTWARE GMBH, FIDELIS CYBERSECURITY, LOGRHYTHM, INC., WATCHGUARD TECHNOLOGIES, INC. and NTT SECURITY, CYMMETRIA, among others.
Reasons to Purchase this Report
● Impact of growth of deception stack of deception technology on the market
● Analysis of various perspectives of the market with the help of Porter’s five forces analysis
● The segments that are expected to dominate the market
● Regional analysis of the market during the forecast period
● Latest developments, market shares, and strategies employed by the major market players and key innovators
● 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
The deception technology market is expected to grow during the forecasted period, owing to increasing security concerns among government and private bodies to protect their privacy and data. The major factors contributing to the growth of the market are the rise of APTs and DDOS attacks, the increasing need of effective solution for early detection of attackers by large and medium enterprises, coupled with the rise in adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trend within enterprises. Further, deception technology can aid to identify attackers moving laterally into the network and set off high confidence alert, thus protecting the system. However, lack of awareness about technical threats are some of the factors hindering the growth of Deception Technology Market.
Rising Adoption of BYOD and IoT Trends within Enterprises
Industrial IoT is on the rise with Industry 4.0. The increasing number of connected deceives raises security concerns and makes it easier for a data breach. The growth in the BYOD system within enterprises has led to the distribution of data across many systems. The number of threats organizations face is increasing. Attacks are becoming more sophisticated and target more widely. As the number of devices connected to the network, it becomes virtually impossible to encrypt and monitor each device. It is thus preferred to create an identical mirror system as a decoy for the attack to be directed at. This helps protect the data while observing the intentions of the attack on the decoy system. The increasing adoption of IoT and BYOD across the industries has led to the growth of deception technologies market.
North America is the Major Region for the Market
North America is a significant region for the deception technologies, as the area has a high demand for protection and control systems against cybercrimes. Also, this region has the highest adoption rate for IoT technologies leading to a growing need for data security. The US is the primary driver for the growth of the region in deception technologies. Growing data centers in North America due to increasing research and development activities are also allowing the deception technology market to grow. The industrial sector has stringent security policies for intellectual property, and the growth of industrial sector increases the demand for deception technology.
Key Developments in the Market
● April 2018: Illusive Networks announced Attack Surface Manager (ASM), the first automated solution to continually reduce the attack surface, and proactively lower the likelihood of targeted cyberattack success. ASM was developed in response to customer requirements to eliminate standing threats missed by traditional cyber defense offerings
● April 2018: Attivo Networks launched Counterintelligence; Bolsters Current Threat, and Adversary Intelligence Functionality for offense-driven countermeasures. The ThreatDefend Platform’s new DecoyDocs feature provides the ability to plant deception files that allow the organization to conduct data loss tracking (DLT) on documents that have been exfiltrated
● July 2018: Rapid7 Attacker Behavior Analytics brings together machine learning and human security expertise. With the addition of ABA, all InsightIDR customers are expected to automatically receive high-fidelity alerts on evolving attacker behaviors built from thousands of incident investigations, including the use of fileless malware, cryptojacking, and spear phishing
Major Players: ILLUSIVE NETWORKS, TRAPX SECURITY, SMOKESCREEN TECHNOLOGIES, ATTIVO NETWORKS, INC., RAPID7 LLC., RIDGEBACK NETWORK DEFENSE, INC., GUARDICORE, ACALVIO TECHNOLOGIES, INC., COUNTERCRAFT, PERCIPIENT NETWORKS, CYBERTRAP SOFTWARE GMBH, FIDELIS CYBERSECURITY, LOGRHYTHM, INC., WATCHGUARD TECHNOLOGIES, INC. and NTT SECURITY, CYMMETRIA, among others.
Reasons to Purchase this Report
● Impact of growth of deception stack of deception technology on the market
● Analysis of various perspectives of the market with the help of Porter’s five forces analysis
● The segments that are expected to dominate the market
● Regional analysis of the market during the forecast period
● Latest developments, market shares, and strategies employed by the major market players and key innovators
● 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
