The report offers detailed segmentation of the global deception technology market based on offering, deception stack, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

According to the report published by Allied Market Research, the global deception technology market generated $1.8 billion in 2021, and is projected to reach $5.8 billion by 2031, growing at a CAGR of 12.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape.

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COVID-19 Scenario:

➢ The outbreak of the COVID-19 has had a positive impact on the growth of the global deception technology market, owing to the occurrence of lockdowns in various countries across the globe.

➢ Lockdowns resulted in the closure of various shops, businesses and manufacturing industries due to then prevalence of stringent social distancing restrictions imposed by the governments of various countries around the world.

➢ Thus, more and more people were required to stay in indoors which resulted in remarkable surge in internet penetration driving the demand for deception technology.

➢ In addition, increase in the number of cyber-attacks and growing popularity of cloud security and AI-integrated solutions are further expected to drive the demand for deception technology in the coming years.

Based on deception stack, the network security segment held the dominating market share in 2021, holding half of the global market, and is expected to maintain its leadership status during the forecast period. The application security segment, on the other hand, is expected to cite the fastest CAGR of 14.2% during the forecast period.

Based on industry vertical, the BFSI segment held the largest market share in 2021, holding nearly one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The healthcare segment, on the other hand, is expected to cite the fastest CAGR of 15.7% during the forecast period.

Access the full summary at: https://www.alliedmarketresearch.com/deception-technology-market-A31357

Based on offering, the solution segment held the largest market share in 2021, holding around two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The service segment, on the other hand, is expected to cite the fastest CAGR of 13.5% during the forecast period.

Leading Market Players


➢ Watchguard Technologies, Inc.

➢ vArmour

➢ TopSpin Security

➢ PacketViper

➢ Acalvio

➢ Fidelis Cybersecurity

➢ Illusive Networks

➢ Guardicore Ltd

➢ CYBERTRAP Software GmbH

➢ Attivo Networks, Inc

➢ Minerva Labs

➢ LogRhythm, Inc

➢ Allure Security Technology, Inc

➢ WatchGuard Technologies

➢ Rapid7

➢ Trapx Security

➢ CounterCraft

➢ Smokescreen Technologies, Inc


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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market

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