Fact.MR, a market research and competitive intelligence provider, reveals that the global deception technology market is set to achieve a valuation of US$ 7.5 billion by 2033, expanding at 14.1% CAGR from 2023 to 2033.

Deception technology is a type of cybersecurity defense tactic that seeks to confuse attackers by disseminating a series of decoys and traps throughout a system's infrastructure to imitate real assets. Deception technology has several advantages, including shortening the average time to identify and remediate threats, lowering attacker dwell time on the network, creating metrics around indicators of compromise (IOCs), decreasing alert fatigue, and tactics, techniques, and procedures (TTPs), etc. As a result, it has numerous applications in fields such as information technology (IT), banking, financial services and insurance (BFSI), and defense.

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“Rising Number of Cyberattacks in the United States”

The North American market was worth US$ 830 million in 2022. North America is the most important region for deception technologies, owing to the region's significant demand for cybercrime protection and control systems. Furthermore, the region has the highest rate of adoption of IoT technology, resulting in a growing requirement for data protection.

Moreover, the increasing use of smart gadgets and a rise in the usage of social apps, which produce a large amount of data containing important information, are two main trends driving the demand for deception technology in North America.



Increasing frequency of advanced persistent threats (APTs) and zero-day attacks are propelling the global deception technology market. Furthermore, the increasing deployment of this technology in many security sectors to focus on real network risks is pushing market expansion. Another significant growth-inducing element is the widespread use of deception technology by government agencies around the world to fight cybercrime and protect sensitive information on their official websites.
Deception technology also supports the incorporation of artificial intelligence (AI) and machine learning (ML) to lower ongoing costs. Furthermore, growing digitization and widespread adoption of online services by businesses are increasing the demand for security services, boosting the global deception technology market growth.

Key Takeaways from Market Study

  • The global deception technology market is worth US$ 2 billion in 2023.
  • The market is estimated to evolve rapidly at a CAGR of 14.1% from 2023 to 2033.
  • The market for deception technology solutions is projected to hit US$ 7.5 billion by 2033.
  • The government segment held 35.7% share of the global market in 2022.
  • The North American market was valued at US$ 830 million in 2022.

Regional Analysis
North America is expected to dominate the global deception technology market during the forecast period. The United States is the leading market in North America due to the growing number of cyberattacks in the country. Furthermore, factors such as the rapid development and acceptance of emerging technologies and the existence of prominent market participants in the region are expected to contribute to the North American deception technology market.
Asia Pacific and Europe are expected to follow North America in terms of revenue.

Key companies in Deception Technology Market

  • Acalvio Technologies, Inc
  • CYBERTRAP Software GmbH
  • Allure Security Technology, Inc
  • CounterCraft SL
  • Attivo Networks, Inc
  • Cymmetria, Inc

Key Segments of Deception Technology Industry Research

  • By Component :
    • Solutions
    • Services
  • By Deception Stack :
    • Network Security
    • Application Security
    • Data Security
    • Endpoint Security
  • By Deployment :
    • On-premise
    • Cloud
  • By End User :
    • BFSI
    • IT & Telecom
    • Government
    • Retail
    • Energy & Utilities
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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https://www.globenewswire.com/en/news-release/2023/01/06/2584515/0/en/Spike-in-APTs-and-Zero-Day-Attacks-to-Spur-Demand-for-Deception-Technology-Solutions-Fact-MR-Report.html


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