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(USGovernment-News.Com, September 14, 2018 ) The Global Deception Technology Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 3.01 billion by 2025, growing at a CAGR of 15.32% from 2017 to 2025.
Deception Technology is a classification of a group of techniques and tools in the security sector that are designed specifically for the deterrence of an attacker who has already entered a specific network from either causing harm or doing further damage. The technology is mainly implemented in order to misdirect the cyber attacker in order to delay them from being able to enter more sensitive areas of information. There are several advantages of deception technology such as the overall reduced risk of data loss, the avoidance of interruption in business as well as the quick and efficient detection of malware.
As the trend for the implementation of cloud services such as cloud computing as well as Bring Your Own Device (BYOD) increases, there is naturally a growing demand for the incorporation of integrated deception technology in environments that are virtual. There is a rise in the increase for such solutions in order to be able to determine cyber-attacks early as well as quickly in order to minimize damage. These factors are driving the market for global deception technology. Factors such as the lack of awareness about deception technology as well as the concerns for security is negatively affecting the market.
Competitive Landscape:
The major players in the market are as follows:
Cymmetria, Inc. Smokescreen Technologies Rapid7, Inc. Guardicore Ltd Logrhythm, Inc. Allure Security Technology, Inc. Trapx Security Varmour Illusive Networks Topspin Security Attivo Networks, Inc.
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