The global deception technology market is growing at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market is driven by the growing demand for cloud computing and BYOD platform in enterprises. 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. There is increased adoption of cloud-based services owing to flexibility and cost-effectiveness.
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In the European Union, the demand for cloud-based services among enterprises has been growing significantly. For instance, according to Eurostat, 26% of EU enterprises used cloud computing in 2018, primarily for e-mails and storage of files. Finland has the highest adoption of cloud computing services in Europe and accounted for 65.3% in 2018. Later on, Sweden, Denmark, and Norway attracted significant share in 2018 with 57.2%, 55.6% and 50.7%, respectively. This, in turn, has increased the need for solutions that can detect cyberattacks early. Due to these benefits, the deception technology is being significantly preferred in several application areas, such as banking, financial services and insurance (BFSI), government, and aerospace & defense. However, the increasing use of legacy honeypots will affect the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Deception Technology Market by Deployment Type
- On-premises
- Cloud-based
Global Deception Technology Market by Deception Stack
- Application Security
- Data Security
- Endpoint Security
- Network Security
Global Deception Technology Market by Vertical
- BFSI
- Government
- Healthcare
- IT & Telecom
- Others (Retail and Manufacturing)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acalvio Technologies, Inc.
- Allure Security Technology, Inc.
- Attivo Networks, Inc.
- Carbon Black, Inc. (VMware Inc.)
- CYBERTRAP Software GmbH
- Cymmetria, Inc.
- Fidelis Cybersecurity, Inc.
- Forescout Technologies Inc.
- Guardicore Ltd.
- Illusive Networks
- Kudelski Security
- Logrhythm, Inc.
- Pentesec Ltd.
- Rapid7, Inc.
- RevBits
- Smokescreen Technologies
- Trapx Security
- vArmour Networks, Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global deception technology market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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