The Deception Technology Market is expected to grow from US$2.390 billion in 2025 to US$3.796 billion in 2030, at a CAGR of 9.70%.
Deception Technology is a cybersecurity defensive practice that involves distributing a collection of traps and decoys across a system's infrastructure to deceive the hacker on the other side. Deception technology has greatly aided security teams by reducing alert fatigue, decreasing attacker dwell time on their network, and shortening the average time to detect and remediate threats. Market Trend
The increased threat of cyber-crimes and cyber breaches are expected to drive the market for deception technologies in the upcoming years. Besides that, the growing virtual environment has increased the need to adopt advanced cybersecurity measures, which has increased the demand for deception technology. Also, the advanced technologies backed up by machine learning and artificial intelligence are expected to drive the market further by the introduction of new features at every step.
The high initial costs of the technology, as well as the need for trained employees to handle it, can be significant market restraints.
With the increasing cyber-crimes across the world, the demand for deception technology is projected to increase in the coming years. The rate of advanced persistent threats (API) in which an intruder establishes an illicit, long-term presence to mine highly sensitive data and zero-day attacks in which the intruder discovers software vulnerabilities and exploits them with other hackers has increased significantly, which has become a huge threat for government bodies as well. For instance, in 2020, a group of Russian hackers broke into U.S. federal agencies and also penetrated thousands of organizations globally.
Besides that, the threat of ransomware attacks, in which a hacker threatens to block the data or access the information until the owner pays a ransom fee, has also increased over the years. All these factors are expected to contribute significantly to the growth of deception technologies in the upcoming years.
With the growth of the virtual environment, the need for deception technology is projected to increase further in the coming years. A virtual environment or computing environment that combines the use of internet-based and high-tech services like applications, software, and other advanced technology. With the increased dependency on the internet and the growing internet penetration, the demand for deception technology is expected to be impacted in a positive direction.
The major restraint on the global deception technology market is the huge investment costs associated with it. The technology and components that comprise the whole system make it expensive to be installed by every organization and body, which has restricted its use only to big organizations, and large firms like BFSI, government, military, defense, etc. is a factor is expected to be a barrier to market growth in the coming years. Besides that, the lack of trained employees and personnel to handle the deceptive technology can also serve as a restraint to the market’s growth, not just across various sectors but also in underdeveloped economies.
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