How Has The Deception Technology Market Grown Historically and What is The Future Projection?
The deception technology market size has gained prominence in recent years due to increasing cybersecurity concerns. The market has grown from $2.9 billion in 2024 to a projected $3.32 billion in 2025, growing at a compound annual growth rate (CAGR) of 14.6%. Primary growth drivers in the historic period include the need for early threat detection, growing insider threat concerns, shortage of cybersecurity talent, regulatory compliance requirements and rise in social engineering attacks among others.
Anticipating the future, the deception technology market size is expected to see continued growth. It is forecasted to reach $6.2 billion in 2029 at a CAGR of 16.9%. The growth in the forecast period can be attributed to critical factors such as the integration with security orchestration, applications in healthcare security, increased sophistication of malware, and the adoption in government and defense sector. Major trends emerging in the forecast period include cloud-based deception solutions, expansion to IoT and IT environments, and machine learning and behavioral analysis.
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What Factors Are Propelling The Growth of The Deception Technology Market?
A significant driver for the growth of the deception technology market is the increasing cybersecurity concerns. Cybersecurity methods are constantly improving to combat hackers and cybercriminals attempting to steal data. Deception technology has become an efficient tool, used to prevent unauthorized access to sensitive information from the company’s system. For instance, in 2024, the Identity Theft Resource Center (ITRC) reported a 78% increase in data breaches compared to the previous year, affecting approximately 353,027,892 victims. The escalating cybersecurity concerns are undeniably driving the growth of the deception technology market.
Which Are The Major Segments In The Deception Technology Market?
The deception technology market covered in this report is segmented as follows:
1) By Deception Stack: Application Security, Data Security, Endpoint Security, and 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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Who Are The Major Players In The Deception Technology Market?
Major companies operating in the deception technology market include Illusive Networks Inc., Rapid7 Inc., Fidelis Cybersecurity Inc., Allure Security Technology Inc., CyberTrap Software GmbH, Acalvio Technologies Inc., CounterCraft Security, Cymmetria Inc., PacketViper LLC, Ridgeback Network Defense Inc., Fortinet Inc., RevBits LLC, Attivo Networks, Guardicore Ltd, Minerva Labs Ltd., Darktrace Limited, Smokescreen Technologies Private Limited, TopSpin Security Ltd., TrapX Security Inc., FireEye Inc., ARIA Cybersecurity Solutions LLC, Awake Security Inc., and Cynet Ltd.
What Are Emerging Trends In The Deception Technology Market?
Continuous technological innovation is a trending factor in the deception technology market. Major players are focusing on introducing new technological advancements to maintain their competitive edge. For example, in March 2022, Zscaler Inc., a leading player in the market, launched Zero Trust Network Access (ZTNA) Technology. This technology accelerates the mitigation of cyberattacks on cloud platforms and promotes secure data and information sharing.
Which Are The Top Performing Regions In The Deception Technology Market?
In 2024, North America proved to be the largest region in the deception technology market with Asia-Pacific expected to be the fastest-growing region in the forthcoming years. The report covers all geographical regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Deception Technology Market Report 2025 Offer?
Deception technology refers to tools and software used to deceive cybercriminals by trapping and monitoring their activity. The technology is essential for identifying suspicious activities of cyberattacks and providing insights into the tactics and strategies of cybercriminals. The Deception Technology Market research report from The Business Research Company offers insights into the market’s global size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities critical for informed decision-making.
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