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Deception Technology Market Trends, Outlook and Overview and Forecast

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According to the report, stringent government regulations will be a key driver for market growth. The market is observing an increase in the use of security devices, software, and services as various industries need to comply with stringent governme
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Deception Technology Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Deception Technology Market
2016-2020
Technavio recognizes the following companies as the key players in the global deception technology
market: GraudiCore, Attivo Networks, Cymmetria, and TrapX Security.
Other Prominent Vendors in the market are: Allure Security Technology, CyberTrap, ForeScout, Hexis
Cyber Solutions, LogRhythm, Illusive Networks, Percipient Networks, Rapid7, Shape Security, Specter,
and TopSpin Security.
Browse full report with TOC@ https://marketreportscenter.com/reports/356363/global-deceptiontechnology-market-2016-2020
Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be increasing reliance on partnership networks. Owing to the increase in competition in the
global deception technology market, vendors are expanding their businesses beyond traditional
boundaries and into overseas markets. However, some vendors, especially those in developing regions,
have little knowledge of managed security services. Therefore, most vendors rely on their partners to
deploy such solutions. For instance, vendors such as Cisco rely on the partnership network approach to
expand their businesses.”
According to the report, stringent government regulations will be a key driver for market growth. The
market is observing an increase in the use of security devices, software, and services as various
industries need to comply with stringent government regulations. The government sector requires
compliance with standards that are set to avoid penalization. The use of deception technology solutions
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such as firewalls, anti-virus software, intrusion detection system/intrusion prevention system,
encryption, and login passwords has become mandatory in organizations to ensure the security of
critical information.
Further, the report states that lack of efficient security solutions will be a challenge for the market. In
2015, the frequency and intensity of cyber threats and attacks were on the rise. Malware and spyware
attacks are evolving into more complex attacks, and they have become difficult to detect and control.
For instance, when eBay was hacked in 2014, the hackers accessed personal data of 145 million users
and obtained credentials of three corporate employees. In most cases, the threats were only detected
after the attacks. With advances in technology, a number of sophisticated attacks have developed.
Vendors are finding it difficult to develop security solutions that can counter such sophisticated cyberattacks. Identifying and preventing security threats from infecting networks is a major challenge for the
market.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Cyber Deception
The term cyber deception was coined in 1989 by Gene Spafford. He sourced active defenses to identify
attacks in the network, slow down attackers while they attempt to infuse virus attacks, learn their
techniques, and feed them with fake data. In 1999, the Honeynet Project was launched, with innovation
to the deception techniques and ways to understand and learn the behavior and competency of
attackers.
Technavio’ s analysts forecast the global deception technology market to generate revenue over USD 1
billion.
Covered in this report
The report covers the present scenario and the growth prospects of the global deception technology
market for 2016-2020. To calculate the market size, the report considers the revenue generated from
the sales of deception technology solutions.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Deception Technology Market 2016-2020, has been prepared based on an in-
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depth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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