Deception Technology Industry - Segmentation, Trends, Growth and Forecast 2020Posted by Akash Sangshetti on March 6th, 2020 Deception Technology Industry Overview As per the latest report published by Marker Research Future (MRFR), the global Deception Technology Industry is predicted to reach a significant market value of USD 2.3 billion by 2023 at a substantial CAGR of 14% in the review period. Drivers and Restraints In this precipitously changing environment, growingdemand for a compact security infrastructure that would resist and counter such network security breaches is ever increasing. The rising adoption of the innovative internet of things (IoT) and big data are growing cybersecurity threats, which is responsible for driving the Deception Technology market over the assessment period. Analyzing the current trends and developments in technologies, the report indicates a sudden hike in the Deception Technology Industry. The market is driven by many influential factors such as a rise in instances of cyber-attacks such as cloud-based, zero-day attacks, Distributed Denial of Service (DDoS), and Advanced Persistent Threats (APTs). The advancing trend of Bring Your Own Device (BYOD) & the Internet of Things (IoT) is responsible for the growth of the deception technology market. The growing usage of pirated network security tools and lack of awareness is the major restraining factor for the market. The major hindrance of deception is that maintaining things such as breadcrumbs, decoys, and honeypots can be challenging in environments that are always changing, this is likely to be one of the hindering factors for deception technology market over the review period. Key Players The prominent players in the Deception Technology Industry are – TrapX Security (U.S.), Rapid7, Inc. (U.S.), Attivo Networks (U.S.), Allure Security Technology (U.S.), Guardicore (Israel), Cymmetria, Inc. (Israel), TopSpin Security (Israel), Smokescreen Technologies (India), Illusive Networks (Israel), LogRhythm Inc. (U.S), vArmour (U.S.) among others Deception Technology Industry - Segmentation The Deception Technology Industry can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Deception Technology Global Market - Regional Analysis North-America is dominating the Global Deception Technology Market with the largest market share owing to the developments in deception technologies in the countries like U.S. and Canada. Deception Technology Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing to a large enterprises and SMEs in the region are increasingly adopting cloud computing solutions. Moreover, countries like China, Japan, South Korea and India are increasing investing in network security companies in the IT & telecom sectors. The European market for Deception Technology Market is expected to grow at a considerable CAGR (2016-2022). TABLE OF CONTENTS 1 Market Introduction 1.1 Introduction 1.2 Scope Of Study 1.2.1 Research Objective 1.2.2 Assumptions 1.2.3 Limitations 1.3 Market Structure 2 Research Methodology 2.1 Research Network Solution 2.2 Primary Research 2.3 Secondary Research 2.4 Forecast Model 2.4.1 Market Data Collection, Analysis & Forecast 2.4.2 Market Size Estimation 3 Market Dynamics 3.1 Introduction 3.2 Market Drivers 3.3 Market Challenges 3.4 Market Opportunities 3.5 Market Restraints 4 Executive Summary
5.1 Porter’s Five Forces Analysis 5.2 Supply Chain Analysis Continued… About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Media Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it!More by this author |