APTs and zero-day attacks proliferate to spur interest in

Rockville, Jan. Jan 6, 2023 (GLOBE NEWSWIRE) — Market research and competitive intelligence provider Fact.MR has revealed that the global deception technology market will be valued at $7.5 billion by 2033, CAGR from 2023 to 2023 The growth rate is 14.1% until 2033.

Deception technology is a cybersecurity defense strategy that attempts to confuse attackers by spreading a series of lures and traps throughout a system’s infrastructure to mimic real assets. Deception techniques have several advantages, including reduced mean time to identify and remediate threats, reducing the time an attacker stays on the network, creating indicators around Indicators of Compromise (IOCs), reducing alert fatigue, and Tactics, Techniques, and Procedures (TTPs), etc. As a result, it has numerous applications in areas such as information technology (IT), banking, financial services and insurance (BFSI), and defense.

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The increasing frequency of advanced persistent threats (APTs) and zero-day attacks is driving the global deception technology market. Moreover, the increasing deployment of the technology across many security domains to focus on real cyber risks is driving the market expansion. Another important growth inducer is the widespread use of deception techniques by government agencies around the world to combat cybercrime and protect sensitive information on their official websites.

Deception technology also enables the combination of artificial intelligence (AI) and machine learning (ML) to reduce ongoing costs. Furthermore, increasing digitization and widespread adoption of online services by businesses has increased the demand for security services, driving the growth of the global deception technology market.

Essentials of Market Research

  • The global deception technology market is worth $2 billion by 2023.
  • The market is estimated to grow at a CAGR of 14.1% from 2023 to 2033.
  • The market for deception technology solutions is expected to reach $7.5 billion by 2033.
  • The government sector holds a 35.7% share of the global market by 2022.
  • The North American market is worth USD 830 million in 2022.

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Regional Analysis

North America is expected to dominate the global deception technology market during the forecast period. The US is the key market in North America owing to the rising number of cyber attacks in the country. Furthermore, factors such as rapid development and acceptance of emerging technologies and presence of key market players in the region are expected to contribute to the North America deception technology market.

Asia Pacific and Europe are expected to follow North America in terms of revenue.

key enterprises cheating technology market

  • Acalvio Technologies
  • Allure Security Technology Company
  • CounterCraft SL
  • Attivo Networks
  • Cymmetria Corporation

A key part of deception technology industry research

  • By component:
  • In cheat stack:
    • cyber security
    • application security
    • Data Security
    • endpoint security
  • When deploying:
  • end user:
    • BFSI
    • Information Technology and Telecommunications
    • government
    • retail
    • Energy and Utilities
    • other
  • By region:
    • North America
    • Latin America
    • Europe
    • Asia-Pacific
    • Multilateral Environmental Agreements

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Fact.MR provides an unbiased analysis of the global Deception Technology market in its new offering, providing historical demand data (2018-2022) and forecast statistics for the period 2023-2033.

The study is based on components (solutions, services), deception stack (network security, application security, data security, endpoint security) deployment (on-premises, cloud) and end-user (BFSI, IT and telecom, government, retail, energy and Utilities, Others) across five major regions (North America, Europe, Asia Pacific, Latin America and Middle East & Africa).

Table of contents

1.executive Summary

1.1. Main findings

1.1.1. Overall market

1.1.2. Overview of market segments

1.1.3. Regional Overview

1.1.4. Competitor focus

1.1.5. Consumer perception

1.2. Statistical summary

1.3. Market characteristics and attributes

2. Market overview

2.1. Introduction and Definitions

2.2. Scope of study

3. COVID 19 Impact Assessment

3.1. Market demand

3.1.1. 2022 Global Market Quarterly Market Value Analysis (Million USD)

3.1.2. Global market value year-on-year growth forecast before and after the crisis

3.1.3. Global Market Recalibration Growth Forecast (USD Million)

3.2. Market Contraction and Recovery Trend Assessment, by Region

3.3. Market Recalibration Market and Growth Assessment by Regions

4. Market background

4.1. Country wise market attractiveness index

4.2. Forecast based on market scenarios

4.3. Value chain analysis

4.3.1. List of Manufacturers

4.3.2. List of online retailers

4.3.3. End User List

4.4. Investment Feasibility Assessment

TOC continued…

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