Deception Technology Market to Cross $1.7 Billion by 2021

2024-03-03 04:36:47 Business

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Rising data breach incidents coupled with growing security spending across various end user segments to drive global deception technology market through 2021

According to TechSci Research report, ?Global Deception Technology Market By Deception Stack, By End User, By Region, Competition Forecast and Opportunities, 2011-2021?, the global market for deception technology is projected to cross $ 1.7 billion market size by 2021, on account of increasing number of cyber-attacks such as malwares, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APTs), zero day attacks, etc. Globally, the total number of data breaches increased at a Y-o-Y of 8.6% in 2015 as compared to the previous year. Rise in security spending by organizations and governments across the world in order to safeguard their networks and data centers against these cyber-attacks is anticipated to drive the market for the deception technology across the globe during 2016-2021.

Browse 45 market data Tables and 72 Figures spread through 177 Pages and an in-depth TOC on "Global Deception Technology Market"

http://www.techsciresearch.com/report/global-deception-technology-market-by-deception-stack-endpoint-application-data-network-by-end-user-bfsi-it-telecom-energy-power-retail-others-by-region-americas-europe-asia-pacific-middle-east-opportunities-and-forecast-2011-2021/656.html

Over the past few years, the global market for deception technology witnessed various radical changes, with the most vital being growing adoption of distributed decoy systems. Global deception technology market is expected to be driven by the growing demand for these technologies from BFSI, IT & telecom, energy & power, retail, healthcare, government enterprises, and manufacturing sector.

Globally, the number of internet users is estimated to reach 3.29 billion in 2016. Moreover, the number of smartphone users across the globe is anticipated to register a Y-o-Y growth of more than 12% in 2016. Rising Internet penetration, increasing number of smartphone users, coupled with rapid advancements in technology and infrastructure in various sectors have made networks and data centers extremely vulnerable to cyber-attacks, thereby boosting demand for deception technologies. In 2015, North America and Europe were the major markets for deception technology, due to growing rate of cyber-attacks in these regions.

?Over the past few years, growing IT innovations across the globe have led to digitization of various sectors, and this has helped organizations perform tasks more efficiently. However, increasing technological innovations is also augmenting the risk of cyber-attacks across networks and data centers. Therefore, in order to address the security needs, especially in the digitized sectors, adoption of innovative and advanced deception technology is expected to grow in the coming years.?, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

?Global Deception Technology Market, By Deception Stack, By End User, By Region, Competition Forecast and Opportunities? has evaluated the future growth potential of the deception technology market and provides statistics and information on market size, share and future growth of global deception technology market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global deception technology market.

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