Market Research Future Insights:
The Deception Technology industry is projected to grow from USD 1.68 Billion in 2022 to USD 4.62 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.51% during the forecast period (2022 - 2030). The emergence of automation and the widespread implementation of the internet of things in the automotive industry are the key drivers of the global deception technology market's quick growth. The global market for deception technology is booming, and according to a recent study report issued by Market Research Future, it will continue to grow in importance over the next few years. By 2022, the market is anticipated to grow astronomically, shattering previous records for growth in terms of value with an astonishing CAGR.
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Key Players:
Key Companies in the market include,
- TrapX Security
- Rapid7 Inc
- Attivo Networks
- Allure Security Technology
- Guardicore
The variables influencing the worldwide deception market Bring your own device (BYOD), the internet of things, and an increase in threats are among the trends in the technology market that are growing. On the other hand, there are a number of factors impeding the growth of the deception technology market, including technological limitations and a lack of awareness of online technical threats.
Due to the rise in DDOS and cyberattacks, the deception technology market business is extremely competitive. The market for deception technology market is being driven by its key advantages, including less risk of financial losses, better real-time forensics, and others. As the next line of defence for spotting intrusions that have entered the network before an attack can be completed and damage done, deception is anticipated to play a crucial role. In order to reach the mainstream in IT and security infrastructure, deception technology market is bridging the gaps between current prevention solutions and the earlier honeypot limitations.
Market Segmentation:
To make the report more convenient to read and to facilitate understanding, the deception technology market may be divided into four key dynamics;
Component-based segmentation includes support and maintenance, system integration, consulting, and professional services under Solutions and Services.
Segmentation Through Lie Application security, data security, network security, and endpoint security make up the security stack.
Cloud and on-premises deployment modes make up the segmentation by deployment mode.
Manufacturing, BFSI, healthcare, retail, transportation, government, telecom, and other industries are included in the end-user segmentation.
Geographical regions North America, Europe, Asia Pacific, and the rest of the world are included in the segmentation by regions.
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Regional Analysis:
Due to the advancements made in deception technologies in nations like the United States and Canada, North America currently holds the largest market share in the global deception technology market. Due to the fact that both large businesses and small and medium-sized businesses (SMEs) in the region are increasingly adopting cloud computing solutions, the Asia-Pacific market for deception technology market is anticipated to grow at a significant CAGR from 2016 to 2022. In the IT & telecom sectors, countries like China, Japan, South Korea, and India are also investing more money in network security firms. It is anticipated that the European market for deception technology market will expand at a significant CAGR.
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