Deception Technology Market Size Worth $3.12 Billion by 2032 | CAGR: 5.20%

The global deception technology market size is expected to reach USD 3.12 billion by 2032, according to a new study by Polaris Market Research. The report “Deception Technology Market Share, Size, Trends, Industry Analysis Report, By Component (Solution and Services); By Deception Stack; By Deployment Mode; By Industry Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapidly surging adoption of various cloud-based deception solutions that enables scalable and flexible deployment among diverse range of cloud environments along with the rising integration of threat intelligence feeds and advanced security information and management systems, are prominent factors fostering the global market growth. Additionally, large number of organizations are looking to adopt advanced deception technology in order to fulfill the compliance obligations and are also focusing on demonstrating commitment towards the prevention of sensitive information, which in turn, will positively influence the demand and growth of the market.

For instance, in April 2022, Zscaler, announced the launch of its new Zsclaer Deception, an advanced deception-based threat detection platform, which effectively identify advanced assaults without false positives and any kind of operational overheads.

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Increasing need for the early detection and higher response to minimize the damage cause due to rising number of cybercrimes and attacks across various sectors and surging awareness regarding the benefits and effectiveness of advanced and innovative deception technology coupled with introduction to stricter compliance and regulatory requirements across significant number of countries, is also likely to bolster the revenue and sales.

In the recent years, deception technology is being significantly integrated with existing security infrastructure such as SIEM and SOAR systems, which helps businesses and industries to efficiently streamline their incident response and improve overall cybersecurity posture, thereby creating huge growth potential for the market over the coming years.

Deception Technology Market Report Highlights

• Solution segment accounted for major global market share in 2022, mainly driven by rising adoption of advanced deception solutions in various industry verticals
• Network security segment is expected to grow at highest growth rate over the coming years, owing to ability to integrate with several existing security infrastructure like SIEM
• Cloud-based segment held the majority market revenue share in 2022, that is largely accelerated to its easy installation and less maintenance required in these solutions
• Manufacturing segment is projected to gain substantial growth rate over the stud period, because of rising popularity of Industry 4.0 and implementation on intellectual property
• North America region dominated the global market in 2022, on account of presence of well-developed industrial infrastructure and increased number of cyberattacks
• The global key market players include WatchGuard Technologies, Fidelis Cybersecurity, Trapx Security, Illusive Networks, and Smokescreen Technologies

Polaris Market Research has segmented the deception technology market report based on component, deception stack, deployment mode, industry vertical, and region:

Deception Technology, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Solution
• Services

Deception Technology, Deception Stack Outlook (Revenue - USD Billion, 2019 - 2032)

• Application Security
• Data Security
• Endpoint Security
• Network Security

Deception Technology, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

• On-Premise
• Cloud-based

Deception Technology, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Banking, Financial Services, and Insurance
• Energy & Utilities
• Government
• Healthcare
• Telecom and IT
• Manufacturing
• Retail
• Others

Deception Technology, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Deception Technology Market Report Scope