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Deception Technology Market by Component, Deception Stack, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2021

Deception Technology: Global Forecast until 2021

  • February 2017
  • 151 pages
  • ID: 4710239
In this report:
The APAC region is expected to grow at the highest CAGR of ##.##% from 2016 to 2021, as consultation is providing security confidence and assurance for business, government, and critical infrastructure of the growing APAC economy, thereby providing protection against APTs, ransomwares, and other threats.
North America is estimated to account for the largest share of ##% of the global deception technology market in 2016 and is expected to grow at a CAGR of ##.##% from 2016 to 2021.

Summary

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The increase in Advanced Persistent Threats and zero-day attacks trends is predicted to push the deception technology market

The deception technology market size is forecasted to grow from ~$1.0B in 2016 to ~$2.1B by 2021, at a CAGR of 15.10 percent. The deception technology market is influenced by Elements such as growth in Advanced Persistent Threats and zero-day attacks, need of effective solution for early detection of attackers by firms, and increase in approval of Bring Your Own Device & Internet of Things trend within companies. On the other hand, substantial use of legacy technology including honeypots form decades may restrict the deception technology market increase.

Managed services segment is anticipated to grow at the maximal CAGR during the estimate period

Institutions are continuously deploying managed services to support cyber deception solutions for securing their networks and endpoints.Therefore, the managed services segment is anticipated to increase at the maximal CAGR (Compound annual growth rate) during the outlook period.

Nevertheless, the professional services segment is envisaged to have the biggest sector size in 2016.

Data security segment is anticipated to rise at the maximal compound annual growth rate (CAGR) during the estimate period

The data security segment is forecasted to grow at the highest CAGR (Compound annual growth rate) during the outlook period, as the institutions have increased their spending on cyber deception solution for data security. As well, network security is planned to have the biggest market share in 2016, as more and more firms are adopting deception technology solutions to secure their network resources.

Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period

Asia-Pac includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying deception technology solutions.Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.

This is primarily due to the growing adoption of IoT and BYOD trends in many industry verticals including Banking, Financial Services, and Insurance, government, IT & telecom, manufacturing, healthcare, and retail. Additionally, North America (NA) is forecasted to have the biggest industry size in 2016.

Comprehensive interviews were managed with CEOs, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the deception technology market.

• By Company category: Tier 1: 55.0 percent, Tier 2: 20.0 percent, Tier 3: 25.0 percent

• By Description: C-suite: 60.0 percent, D-level: 25.0 percent, Others: 15.0 percent

• By Area: North America continent: 10.0 percent, Europe (EU): 20.0 percent, Asia-Pac: 40.0 percent, ROW: 30.0 percent

The market research includes the study of top players offering deception technology solutions including Rapid7, Incorporated, LogRhythm, Incorporated, TrapX Security, Attivo Networks, Illusive Networks, Cymmetria, Incorporated, GuardiCore, Allure Security Technology, TopSpin Security, vArmour, and Smokescreen Technologies.

Segment Research

The industry report includes the deception technology solutions and associated services across several verticals and territories.It aims at evaluating the market value and upcoming growth potential of this market, across distinct segments including components, deception stacks, deployment modes, organization sizes, industry verticals, and localities.

Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global deception technology market and the sub-segments.This industry report will facilitate partners distinguish the competitor overview and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches.

The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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