Global Deception Technology Market Growth Prospects, Future Industry Landscape 2033 | Illusive Networks Inc., Commvault Systems Inc., Rapid7 Inc., Akamai Technologies Inc., Fidelis Cybersecurity Inc

"The new report published by The Business Research Company, titled ""Deception Technology Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the deception technology market size has grown rapidly in recent years. It will grow from $2.56 billion in 2023 to $2.96 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The deception technology market size is expected to see rapid growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.

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Growing Cybersecurity Concerns Drives The Deception Technology Market
Growing cybersecurity concerns are expected to propel the growth of the deception technology market going forward. Cybersecurity refers to the protection against the assault performed by cybercriminals to steal data and sensitive information by sending and hacking a computer system using malicious information and committing a security violation in which sensitive information can be stolen from a computer system without the prior permission of the owner of the system. Deception technology is used in the current time to prevent any unauthorized access to information from the system of the company of employees' database. For instance, in October 2021, according to Fortune, a US-based publishing company specializing in the publication of books, articles, and magazines, the total number of global data breach cases was 1291 in 2021, up from 1108 in 2020. Phishing and ransomware are the major tools used by cybercriminals, and the total number of data breaches is expected to increase by 17% in 2021. Therefore, the growing cybersecurity concerns are driving the growth of the deception technology market.

Technological Innovation Transforms The Deception Technology Market
Technological innovation is a key trend in the deception technology market. Major players in the deception technology market are concentrating on creating new technological advancements to improve their competitive position. For instance, in March 2022, Zscaler Inc., a US-based company operating in deception technology, launched Zero Trust Network Access (ZTNA) Technology. Zero-trust network access technology is an IT security technology platform based on zero-trust exchange to provide remote access to an organisation's infrastructure. This technology reduces the chance of cyberattacks on cloud platforms, reduces high-risk human-operated attacks, and provides secure data and information sharing.

The deception technology market covered in this report is segmented -

1) By Deception Stack: Application Security, Data Security, Endpoint Security, Network Security
2) By Component: Solution, Services
3) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
4) By Deployment Mode: On-Premise, Cloud-Based
5) By Vertical: Banking, Financial Services, and Insurance (BFSI), Energy and utilities, Government, Healthcare, Telecom and IT, Manufacturing, Retail, Other Verticals (Education, Defense, and Others)

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Major companies operating in the deception technology market report are Illusive Networks Inc., Commvault Systems Inc., Rapid7 Inc., Akamai Technologies Inc., Fidelis Cybersecurity Inc., Zscaler Inc., Allure Security Technology Inc., CyberTrap Software GmbH, Acalvio Technologies Inc., CounterCraft Security, Cymmetria Inc., vArmour Inc., PacketViper LLC, WatchGuard Technologies Inc., Ridgeback Network Defense Inc., Fortinet Inc., RevBits LLC, Attivo Networks, Guardicore Ltd, LogRhythm Inc., Minerva Labs Ltd., Darktrace Limited, Smokescreen Technologies Private Limited, TopSpin Security Ltd., TrapX Security Inc., FireEye Inc., ARIA Cybersecurity Solutions LLC, Awake Security Inc., Cynet Ltd., Cyphort Inc.

Contents of the report:
1. Executive Summary
2. Deception Technology Market Report Structure
3. Deception Technology Market Trends And Strategies
4. Deception Technology Market - Macro Economic Scenario
5. Deception Technology Market Size And Growth
…..
27. Deception Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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