Study papers on Deception Technology market and regional forecast. Deception Technology market players are Rapid7, Inc. (U.S.), Log Rhythm, Inc. (U.S.), TrapX Security (U.S.), Attivo Networks (U.S.), Illusive Networks (Israel), Cymmetria, Inc. (Israel), GuardiCore (Israel), Allure Security Technology (U.S.), TopSpin Security (Israel), vArmour (U.S.), and Smokescreen Technologies (India).
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Deception technology market size is estimated to grow from USD 1.04 billion in 2016 to USD 2.09 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.1%. The deception technology market is driven by factors such as rise in Advanced Persistent Threats (APTs) and zero-day attacks, need of effective solution for early detection of attackers by enterprises, and rise in adoption of Bring Your Own Device (BYOD)&Internet of Things (IoT) trend within enterprises.
However, substantial use of legacy technology such as honeypots form decades may restrict the deception technology market growth.
- Government agencies
- Deception technology vendors
- Network solution providers
- Independent software vendors
- Consulting firms
- System integrators
- Value-added resellers
- Managed Security Service Providers (MSSPs)
APAC includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying deception technology solutions.
APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing adoption of IoT and BYOD trends in many industry verticals such as Banking, Financial Services, and Insurance (BFSI),government, IT& telecom, manufacturing, healthcare, and retail.
Furthermore, North America is expected to have the largest market size in 2016.
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Organizations are continuously deploying managed services to support cyber deception solutions for securing their networks and endpoints. Thus, the managed services segment is expected to grow at the highest CAGR during the forecast period.
However, the professional services segment is expected to have the largest market size in 2016.
The data security segment is estimated to grow at the highest CAGR during the forecast period, as the organizations have increased their spending on cyber deception solution for data security. Furthermore, network security is expected to have the largest market share in 2016, as more and more companies are adopting deception technology solutions to secure their network resources.
2 Competitive Situations and Trends
3 Deception Technology Market: Vendor Analysis
3.1 Partnerships, Agreements, and Collaborations
3.2 Business Expansions
3.3 New Product Launches
Get “Deception Technology Market” Report is now available at www.rnrmarketresearch.com/contacts…ount?rname=875268
The report covers the deception technology solutions and associated services across different verticals and regions. It aims at estimating the market size and future growth potential of this market, across different segments such as components, deception stacks, deployment modes, organization sizes, industry verticals, and regions.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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