Market Size of Deception Technology Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.27 Billion |
| Market Size (2029) | USD 4.51 Billion |
| CAGR (2024 - 2029) | 14.75 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Deception Technology Market Analysis
The Deception Technology Market size is estimated at USD 2.27 billion in 2024, and is expected to reach USD 4.51 billion by 2029, growing at a CAGR of 14.75% during the forecast period (2024-2029).
- Deception technology is an advanced security solution to detect and prevent targeted attacks. Deceptions are achieved through purposeful obstructions, incorrect responses, misdirection, and forgery.
- Owing to the higher level of cyber threats, there is an increasing need for organizations to detect and mitigate advanced risks that have already breached the network. It is boosting deception technology adoption.
- The current security tools have effectively flagged anomalies but need to be more significant in defining their impact and risk potential. These tools generate many alerts, most of which must be investigated by security teams despite many of them being a waste of time. The resources are spent wastefully assessing these false threats, while the real and present threats must be addressed. By altering the asymmetry of an attack, deception technology helps security teams focus on real threats to the network. Scenes like these have aided the deception technology to gain momentum over the forecast period.
- Many deception solutions have AI and machine learning (ML) built into their core. These features ensure that deception techniques are kept dynamic and help reduce the operational overheads and the impact on security teams by freeing them from continually creating new deception campaigns.
- There was a sharp rise in cyberattacks harming individuals, businesses, and organizations during the COVID-19 outbreak. Consequently, several impacted enterprises are investing in upgrading outdated systems, thereby contributing to the deception technology market. For instance, the US Department of Homeland Security warned about emerging pandemic-related cybercriminals and advanced persistent threat groups. Interpol released a warning about criminals deliberately targeting medical facilities.
