Deception Technology Information, Figures and Analytical Insights 2030

By the conclusion of the anticipated period from 2022 to 2030, the deception technology market is anticipated to develop at a rapid CAGR of 13.3% and reach a market value of USD 3,514.16 million.

Numerous deception products, including Identity Deception and Response, Endpoint Deception Net Suit, InsightIDR from Rapid7, Inc., and others, are included in the worldwide deception technology market size. The COVID-19 pandemic is predicted to have a favourable effect on this sector. According to our study, the global deception technology market grew significantly by 12.0% in 2020 compared to the average annual growth over the years 2017 through 2019. The market's growth and demand returning to pre-pandemic levels when the pandemic is finished is what caused the abrupt increase in CAGR.

By constructing decoys of realistic-but-fake assets, including as databases, domains, servers, credentials, files, cookies, apps, and more deployed in the network with genuine assets, deception technology market plays a crucial role in securing the organisation's sensitive data. It may be exceedingly challenging to distinguish between genuine assets and bogus ones. A quiet alarm is sounded and the system is informed of the attacker's intentions when an attacker engages with a decoy. Businesses that use deception solutions can be extremely secure, trustworthy, and safe. The system also has a minimal initial investment need, which contributes to its widespread adoption in small and medium-sized businesses.

The number of cyberattacks on military, state, and municipal government agencies is rising. Attackers are developing new techniques to get beyond traditional network defensive mechanisms, which concentrate on stopping such activity. The employment of a deception platform to defend against cyberattacks on government organisations is widespread around the world.