Deception Technology Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers

 The global Deception Technology Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "Deception Technology Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].

  • Fortune Business Insights says that the market value stood at US $ 1.34 Billion in 2020
  • By 2028, the Deception Technology Market size is expected to reach US $ 3.88 Billion
  • The market is expected to grow at a CAGR of 14.4% in the forecast period (2021-2028).
  • The growth rate of the Global Deception Technology Market is 14.4%, with an estimated value of US $ 3.88 Billion million by 2028.

Gather more insights about the market drivers, restrains and growth of the Global Deception Technology Market

Driving Factor:

Rising Demand for the Product from the Government Sector to Foster Growth

Increasing cybersecurity threats towards the government from the military and local and state government organizations facilitate the product deployment. The rising demand for deceptive platforms that safeguard governments from cyber threats is expected to foster the product’s demand. The adoption of the product in the government sector safeguards crucial information and ensures citizen safety. Moreover, rising awareness regarding the product’s benefits led to its adoption from the National Institute of Standards and Technology in SP 800-53, SP 800-160, and the 800-172 draft. In addition, rising investment from government agencies to prevent cybercrime is expected to drive the deception technology market growth.

However, the extensive adoption of the honeypot concept in the IT sector may hinder industry growth.


Major companies in Deception Technology Market Report are:

  • Attivo Networks, Inc. (California, U.S.)
  • Rapid7, Inc. (Massachusetts, U.S.
  • Illusive Networks, Inc. (New York, U.S.)
  • Guardicore (Tel Aviv, Israel)
  • LogRhythm, Inc. (Boulder, U.S.)
  • Allure Security Technology, Inc. (New York, U.S.)
  • PacketViper (Pennsylvania, U.S.)
  • CyberTrap Software GmbH (Vienna, Austria)
  • Fidelis Cybersecurity (Maryland, U.S.)
  • Trapx Security (Massachusetts, U.S.)

Pre-Post COVID-19 Impact on Global Deception Technology Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. 

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Deception Technology Market, since end-user industries were still not operating at their full capacity.

Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Deception Technology Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Deception Technology Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

FAQ's:

1. How big is Deception Technology Market?

The global deception technology market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast period, to Reach USD 3.88 Billion by 2028, from USD 1.34 Billion in 2020

2. Who is the market leader in Deception Technology?

 Attivo Networks, Inc. (California, U.S.), Rapid7, Inc. (Massachusetts, U.S.), Illusive Networks, Inc. (New York, U.S.), Guardicore (Tel Aviv, Israel), LogRhythm, Inc. (Boulder, U.S.), Allure Security Technology, Inc. (New York, U.S.), PacketViper (Pennsylvania, U.S.), CyberTrap Software GmbH (Vienna, Austria), Fidelis Cybersecurity (Maryland, U.S.), Trapx Security (Massachusetts, U.S.)
 
3. Which region is expected to hold the highest market share?
 
Europe is expected to hold the highest market share.

Major Points in Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
  • Global Market Share Analysis and Matrix, 2020
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Deception Technology Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029

TOC Continued...!

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