The Deception Technology Market size is estimated at USD 1.98 billion in 2023, and is expected to reach USD 3.93 billion by 2028, growing at a CAGR of 14.75% during the forecast period (2023-2028).
Deception technology is an advanced security solution to detect and prevent targeted attacks. Deceptions are achieved through purposeful obstructions, incorrect responses, misdirection, and forgery.
The deception technology market is highly fragmented, with the presence of major players like Illusive Networks, Commvault Systems Inc., Smokescreen Technologies Pvt. Ltd., Attivo Networks Inc. (Sentinelone Inc.), and Rapid7 LLC. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
In February 2023, Rapid7 and the University of South Florida (USF) announced a partnership to create a cyber threat intelligence laboratory that will support interdisciplinary research efforts by faculty experts and students from four colleges and myriad disciplines.
In September 2022, Commvault announced the general availability of Metallic ThreatWise, an early warning system that proactively surfaces unknown and zero-day threats to minimize compromised data and business impact.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook