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Global Deception Technology Market to Reach $4.2 Billion by 2026SAN FRANCISCO, Aug. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Deception Technology - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Deception Technology Market to Reach $4.2 Billion by 2026 Amid the COVID-19 crisis, the global market for Deception Technology estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2026, growing at a CAGR of 13.7% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record 12.4% CAGR and reach US$2.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 15.7% CAGR for the next 7-year period. The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $244.4 Million by 2026 The global market is anticipated to exhibit incremental growth through the analysis period, owing to increasing frequency of cyber attacks and the pressing need for sophisticated technologies for efficiently dealing with security issues. The increasing dependence of organizations on emerging technologies such as IoT along with growing penetration of connected devices are creating several vulnerabilities that drive cyber criminals to target enterprise networks. While companies make consistent efforts to prevent evolving attacks, cyber criminals are using sophisticated tools and methods for finding new ways to ensure security breaches and reach business-critical assets. In addition, advanced cyber attacks recognize contextual environment as well as employ indictors within target systems for dynamically changing the attack strategy, which is relevant for both human and automated attacks. The issue requires organizations to implement deception technology for adjusting the contextual environment for better defense. Organizations are increasingly incorporating deception technology to secure systems against cyber attacks such as malware. The approach tracks any intruder present in the organizational network, assisting administrators in analyzing and reporting the issue. The market growth is stimulated to rising incident of cyber attacks including zero day attacks, malwares, sophisticated persistent threats and distributed denial of service. These threats are driving governments and organizations to invest in deception technology to protect their networks and data centers. Global demand for the technology is also attributed to its numerous merits over traditional security tools that flag up anomalies, but are unable to properly define their risk potential and impact. Alerts generated by standard tools are required to be investigated by administrators, including those that are false alarms, which lead to unnecessary spending of resources. On the other hand, administrators sometimes miss out potential and real threats. Deception technology alters an attack's asymmetry to help security teams in focusing on real threats. The technology plays an important role in thwarting attacks and curbing potential losses. The ongoing COVID-19 pandemic and its impact on virtual workforce and work-from-home (WFH) models is poised to flare up opportunities for deception software in the immediate term. With lockdowns and social distancing becoming the norm in several parts of the world, and with growing corporate emphasis on 'stay home, stay safe' approach, the virtual workforce volume grew substantially during the past few months, while necessitating the enterprises to augment their cybersecurity platforms. The deception technology market is also gaining from government regulations, rising volumes of digital and online data, and increasing adoption of cloud-based technologies. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media View original content to download multimedia:https://www.prnewswire.com/news-releases/global-deception-technology-market-to-reach-4-2-billion-by-2026--301350854.html SOURCE Global Industry Analysts, Inc. |