World Security Report2016-08-17 08:16:24

Vulnerability of Networks Coupled with Increased Number of Cyber-Attacks to Boost the Global Deception Technology Market Through 2020, Says Technavio

The global deception technology market is expected to grow at a significant rate during the forecast period and generate a revenue of USD 1.33 billion by 2020, according to Technavio's latest report.

In this report, Technavio covers the market outlook and growth prospects of the global deception technology market for 2016-2020. This report is based on the synthesis, analysis, and interpretation of information about the global deception technology market collected from specialized sources. Technavio analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.

Deception technology was introduced as an advanced security solution to detect and prevent targeted attacks. Deceptions are achieved through the use of purposeful obfuscations, deceitful responses, feints, misdirection, and falsehoods. Deception in this context is used as a technique for defensive or disruptive purposes. Many organizations do not understand what threat deception is. Thus, educating security buyers about its importance will be crucial to furthering adoption of deception technologies and its concepts.

Amrita Choudhury, a lead analyst at Technavio for research on IT security, says, "A new class of products with distributed endpoint decoys is emerging with threat deception capabilities that can enhance an end-user's defenses. In these security products, distributed decoy systems are used to portray deception across multiple layers of interaction. These layers and data elements act as deceptive lures that aid in the deception, disruption, or misleading the attacker and the attack automation software."

The Americas is one of the early adopters of deception technology, thereby making it the largest revenue contributor to the overall market in 2015. The market share will continue to mount during the forecast period because of the early adoption of advanced security solutions and the availability of infrastructure to support the implementation of deception technology.

Countries in North America will show an increase in revenue during the forecast period. With advances in technology, there has been as increase in the number of cyber-attacks in various sectors such as retail, telecommunication, and BFSI. The need for security solutions to protect data from unauthorized access is growing with the increasing technological advances. This has led to an increase in adoption of deception technology. The increased use of mobile devices for personal and professional purposes has led to a greater demand for advanced endpoint security solutions, which is positively affecting the revenue growth of the market.

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