Global Deception Technology Market, By Deception Stack, By End User, By Region Opportunities and Forecast, 2011-2021

TechSci Research Report

NEW YORK, May 2, 2016 /PRNewswire/ --

Globally, organizations are witnessing an increase in cyberattacks which is compelling them to adopt solutions which can provide 360-degree IT security covering network, data, endpoint and application aspects of IT infrastructure. Deception Technology as the name suggests, is a technology which lures hackers into a fake identical environment to mislead them, therefore, disrupting or delaying the hacker's cognitive processes.

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Deception technology emerged from honeypots and developed into a distributed decoy system. The technology is expected to revolutionize the IT security product and solution offerings, as it provides advanced security solutions to end users.

Deception Technology Market: Outlook 

Growing IT security concerns and increasing cyber-attacks coupled with emerging IoT concept are the key reasons attributable to growth in the Global Deception Technology Market. This market is growing at a substantial rate and is projected to register an exponential growth during the forecast period. The adoption of deception based technology across various sectors such as BFSI, IT & Telecom, Energy & Power, Retail, etc. is growing on the account of a greater need to secure confidential data, proprietary designs and procedure, customer personal information, securing endpoint devices, etc.

Deception Technology Market: Key Drivers 

Deception technology provides an advanced IT security solution for enterprises and government. The technology offers IT security for network, data, endpoint and applications. In addition, deception technology can be deployed at each level of kill cycle (recon, weaponize, deliver, exploit, install, command & control, action). The deception technology helps in minimizing IT security concerns at advanced levels, which is in turn driving the Global Deception Technology Market.

Moreover, cybersecurity landscape is witnessing emergence of companies which provide products and solutions based on deception technology. These start-ups develop innovative products and solutions based on this technology for their clients, which are located across the world.

Deception Technology Market: Region wise Outlook 

The report is divided into five major regions, namely, North America, South America, Europe, Asia Pacific and MEA. For each stated region, the market size is closely estimated and future forecasts have been given. North America region dominates the Global Deception Technology Market and is expected to register promising growth during the forecast period.