5G Rollout Accelerates Global Deception Technology Market Growth, Aims for $7 Billion Market by 2030


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 AttributeDetails
No. of Pages281
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.6 Billion
Forecasted Market Value (USD) by 2030$7 Billion
Compound Annual Growth Rate13.2%
Regions CoveredGlobal

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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Global Market for Deception Technology

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