Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Deception Technology: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Deception Technology estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$7 Billion by 2030, growing at a CAGR of 13.4% over the analysis period 2022-2030.
Solutions, one of the segments analyzed in the report, is projected to record 12.1% CAGR and reach US$4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 15.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 15.2% CAGR
The Deception Technology market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$426.3 Million by the year 2030 trailing a CAGR of 15.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 13.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.
Select Competitors (Total 34 Featured) -
- Acalvio Technologies, Inc
- Allure Security Technology, Inc
- Attivo Networks, Inc
- CounterCraft SL
- CYBERTRAP Software GmbH
- Cymmetria, Inc
- Cysiv
- Fidelis Cybersecurity Inc
- Fortinet, Inc
- Guardicore Ltd
- Illusive Networks
- Rapid7, Inc
- Ridgeback Network Defense Inc
- Sandvine
- Smokescreen Technologies
- Trapx Security
- Varmour
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 281 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $7 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- COVID-19 and a Looming Global Recession: Novel Opportunities Emerge in the wake of Pandemic
- Embedding Cybersecurity Into Digital Transformation Accelerated by the COVID-19 Pandemic Will Become Paramount: Global Digital Transformation Growth (In %)
- An Introduction to Deception Technology
- Deception Technology: Current Market Scenario and Outlook
- Analysis by Stack Type
- Network Security: The Largest Deception Technology Stack Type
- Data Security Emerges as Fastest Growing Stack Type
- Application Security Continues to Gain Traction in Deception Strategies
- Endpoint Security Remains Highly Relevant
- Deception Technology - Global Key Competitors Percentage Market Share in 2022 (E)
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rapidly Growing Magnitude & Increasing Cost of Cybercrime: Cornerstone for Present and Future Growth of Deception Technology Market
- Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
- Average Cost of Cyberattacks (in US$ Thousand) by Type for 2017 and 2018
- Emergence of Cyber-Physical Attacks on Critical Infrastructure Raises Importance of Cybersecurity
- Rise of IoT & Widening Attack Surface Accelerate the Shift Towards Deception Technology
- Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
- Deception Technology Emerges as Perfect Security Paradigm for IoT
- AI Steps In to Revolutionize Deception Technology Ecosystem
- Robust Opportunities for Deception Software in Cloud Security Landscape
- Attacks on Cloud Hosting Provider by Incident Classes (2019): Percentage Breakdown of Average Frequency of Attacks for Brute Force, Malware/Botnet, Web App Attack & Others
- Surge in Remote Workforce & VPN Deployments Instigate Fresh Wave of Opportunities
- Established Role of BYOD to Give Impetus to Deception Software Deployments
- Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
- Select Mobile Apps Used in BYOD Environments
- Threat from Social Networking Sites Puts Focus on Deception Technology
- Amidst Growing Role of Cybersecurity Solutions in Energy Sector, Deception Technology Eyes Novel Opportunities
- Evolving Cyber Threats Continue to Create Hostile Environment for Energy Enterprises & Utilities
- Deception Technology Seeks Role in Healthcare Networks
- Leading Healthcare Data Breaches by Affected Entities in the US (2018)
- Deception Technology for Retail and Financial Service Providers
- Deception Technology Eyes Opportunities in Data Center Security Landscape
- Cybersecurity Assumes Criticality Amidst Impending Roll Out of 5G, Giving Impetus to Deception Tools
- With Windows 7 Reaching End of Life in 2020, Deception Software to Gain Relevance in Enterprise Systems with Outdated OS
- Rising Threat of Disruptionware Attacks Augurs Well
- Government Sector to Post Notable Growth: Increased Funding Addressing Cybersecurity Breaches Support Deception Tools Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/adrjum
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