Global Deception Technology Market is Projected To Reach $9.54 Billion By 2032 By CIOTechOutlook Team

Global Deception Technology Market is Projected To Reach $9.54 Billion By 2032

CIOTechOutlook Team | Tuesday, 11 July 2023, 03:06 IST

At a Compound Annual Growth Rate (CAGR) of 13.8% over the projected period, the Global Deception Technology Market Size is expected to increase from USD 2.62 billion in 2022 to USD 9.54 billion by 2032.

A proactive cybersecurity tactic called deception technology employs dummy systems, networks, and data to trick and distract attackers. Deception technology improves threat detection abilities by producing an environment that seems legitimate but is actually intended to trap and detect hostile activities. It offers early warning indicators, insightful information about attackers' techniques, and lowers the likelihood of successful attacks.

This method adds an extra line of defense against sophisticated cyber threats to existing security procedures. The deployment of deception technology has become more important for enterprises to protect their key assets and data due to the constantly changing landscape of cyber dangers.

The application security, data security, endpoint security, and network security segments make up the worldwide deception technology market. Within the worldwide deception technology market, the application security segment is anticipated to experience the highest increase over the time of forecast. The increased acknowledgment of the crucial role that applications play in company operations and the increasing sophistication of application-layer attacks are the main factors driving this growth. Organizations are becoming more aware of the necessity for strong application security controls to safeguard their priceless assets and sensitive data.

By offering sophisticated threat detection capabilities tailored to applications, deception technology offers a practical solution. Deception technology improves the defense of applications against both known and undiscovered attacks by luring attackers into decoy systems and gaining insightful data. Therefore, as enterprises prioritize securing their applications in the face of rising cyber dangers, the application security industry is anticipated to see a noticeable increase.