Deception Technology Market Size, Share, Business Growth, Report & Analysis 2023-2028

Deception technology, a cybersecurity strategy, revolves around the utilization of fabricated systems, networks, or assets to identify, deceive, and redirect potential attackers. This approach aims to draw the focus of malicious actors away from vital systems and accurate information by presenting them with authentic-looking yet isolated decoys that are constantly monitored. By doing so, it effectively detects a wide range of cyber attacks, including account hijacking, zero-days, reconnaissance, spear phishing, lateral movement, and ransomware, in real-time. This innovative technique provides extensive coverage and a coordinated response, possesses high scalability, minimizes the time attackers spend within the network, and mitigates the issue of alert overload.

The demand for deception technology is on the rise globally due to the increasing number of cyber-attacks and data breaches across various industries. Organizations from different sectors are recognizing the need for deception technology to address these threats. Particularly in the banking, financial services, and insurance (BFSI) sector, deception technology is being widely adopted to detect, report, and mitigate advanced persistent threats (APT), ransomware, malware, and credential thefts. This adoption is positively influencing the market.

The global deception technology market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028.

List of key players:

• Acalvio Technologies Inc.
• Allure Security Technology
• Attivo Networks
• CounterCraft
• CyberTrap Software GmbH
• Fidelis Cybersecurity Inc.
• Guardicore Ltd. (Akamai Technologies)
• Illusive Networks, Logrhythm Inc.
• Rapid7, Trapx Security Inc.
• Zscaler Inc.

Deception Technology Market: Key Drivers and Trends

The demand for deception technology is on the rise globally due to the increasing number of cyber-attacks and data breaches across various industries. Organizations from different sectors are recognizing the need for deception technology to address these threats. Particularly in the banking, financial services, and insurance (BFSI) sector, deception technology is being widely adopted to detect, report, and mitigate advanced persistent threats (APT), ransomware, malware, and credential thefts. This adoption is positively influencing the market.

Furthermore, deception technology is gaining traction among various governing authorities, as it helps strengthen national security, enhance active defense strategies, and gather counterintelligence. This growing need for deception technology by governmental bodies is contributing to the market growth.

Deception Technology Market 2023-2028: Segmentation

This report has categorized the market based on deception stack, service, deployment, organization size and end user.

Breakup by Deception Stack:

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

Breakup by Service:

• Managed Services
• Professional Services

Breakup by Deployment:

• Cloud based
• On-premises

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by End User:

• Government
• Medical
• BFSI
• Defense
• IT and Telecommunication
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Report Purchase Reason:

• Historical market data from 2017-2022
• CAGR of the market during the forecast period 2023-2028
• Detailed information on factors that will drive Deception Technology Market growth during the next five years
• Precise estimation of the Deception Technology Market size and its contribution to the parent market
• Upcoming market trends and changes in consumer behaviour
• The growth of the Deception Technology Market across North America, Asia Pacific, Europe, Latin America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on key players
• Comprehensive details of factors that will challenge the growth of Deception Technology Market key players