DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Deception Technology Market: Trends Analysis & Forecasts to 2021" report to their offering.
The global deception technology market is projected to reach USD 2.12 billion by the end of 2021, growing with a CAGR of 16.7% from 2016 to 2021.
Deception technology augments existing preventive security solutions in organizations and regularly addresses security issues in profounder and sophisticated manner. It provides defence to enterprise data from cyber threats using its advance capability to detect, analyse, and defend against zero-day exploits and advanced malwares. Deception technology has evolved from traditional vulnerability assessment tools to address growing need to integrate existing technologies to provide higher level of visibility into the internal networks.
Rise in instances and sophistication of zero-day attacks, malwares, ransomwares, cyber-attacks and advanced persistent threats has created need for effective solutions to detect and defend attacks, thereby driving the deception technology market. Furthermore, increasing adoption of BYOD and CYOD strategies by large enterprises has further fuelled the need to deploy deception technology solutions. Tremendous opportunities for market growth lies in successful integration of deception technology with virtual environments. However, lack of awareness and prevailing use of legacy honeypots hinders the market growth.
Among verticals, BFSI segment is projected dominate the market over the forecast period. BFSI sector is amiable in terms of deployment of mobile solutions and internet applications. Thus, increasing reliance on such systems is opening up new possibilities for cyber criminals. On other hand, retail segment is expected to reflect highest CAGR over the forecast period. This is attributed to increasing use of internet to mislead and attract online customers; thereby increasing need to protect them. Cloud based deployment of deception technology solutions is considered as most preferred option by the enterprises operating across different industry verticals.
Key Topics Covered:
2. Executive Summary
3. Global Deception Technology Market Overview
4. Global Deception Technology Market Analysis, by Component (USD Million) 2015-2021
5. Global Deception Technology Market Analysis, by Deception Stacks (USD Million) 2015-2021
6. Global Deception Technology Market Analysis, by Deployment (USD Million) 2015-2021
7. Global Deception Technology Market Analysis, by Vertical (USD Million) 2015-2021
8. Global Deception Technology Market Analysis, by Region (USD Million) 2015-2021
9. Company Profiles
- Allure Security Technology
- Attivo Networks
- Illusive Networks
- Trapx Security
For more information about this report visit http://www.researchandmarkets.com/research/vdvvwq/global_deception