Deception Technology Market: By Component (Solution (a standalone platform), and Services), By Service (Managed Services, Training and education, Consulting services, Support & maintenance, and Design & Integration), By Deception Stack (Network Security, Application Security, and Endpoint Security, and Data Security), By Deployment Mode (Cloud, and On-premises), By Application (Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Energy & Utilities, Manufacturing, Telecom and IT, Retail, and Others (education and defense)), and Geography  

Deception Technology Market size was valued at USD 1,563 million in 2023, growing at a 16.6% CAGR from 2024 - 2030. Deception technology signifies the cybersecurity defense that works by arranging a series of decoys and traps all over the infrastructure of a procedure. It permits attackers to gain a position on the network by accessing them with a false logic of security. Deception technology offers various advantages, such as speeding up the average time to detect threats, reducing attacker put up time on the network, reducing alert weakness, producing various indications to recognize attackers easily by various leads such as indicators of compromise (IOCs), techniques, tactics, and procedures, etc. Therefore, with having wide-ranging applications in several areas, including information technology (IT), medical, banking financial services and insurance (BFSI), defense, and others. These applications push the demand of the deception technology market globally. This technological device keeps safe networks, endpoints, and devices from various malevolent attacks, cultured cybercriminals, Advanced Persistent Threats (API), and ransomware. During the COVID-19 pandemic, the deception technology market size is expected to increase across the globe because of its acceptance in online shopping. Implementation of work-from-home culture and online shopping was increasing due to the rise of the pandemic. Furthermore, rising cybercrime with time is expected to rise the adoption of the deception technology product. For instance, the PurpleSec study provided that cybercrime rose to 600% during the pandemic. These issues may enhance the market progress during the pandemic. Further, rapid digitization and the adoption of online services by several establishments and government bodies may force the demand for security services in the upcoming years.  

Deception Technology Market Key Developments:

• In July 2021 Attivo Networks, Inc. is involved in a partnership with the Department of Defense (DoD) to provide the Threat Defend platform. They use modern deception and machine learning technology to protect against threats.
• In April 2022, Acalvio Technologies, the leader in cyber deception, announced that the FedRamp Ready ShadowPlex platform has been included in the Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) Continuous Diagnostics and Mitigation (CDM) Approved Products List (APL).