Cyber Deception Market - Size, Share & Industry Analysis

Cyber Deception Market Analysis

The cyber deception market is expected to witness a CAGR of 15.45%, during the forecast period (2021 - 2026). With the increasing number of internet and smartphone users across the globe, system breach is a common activity carried out by cyber-hackers to extract sensitive information, which can lead to unwanted cyber-attacks. Deception network, also called honeypot or decoy, is utilized to divert these kinds of attacks to other nodes and offer prior warnings to the administrator.

The increasing adoption of the Internet of Things (IoT) is highlighting the cyber deception technology and promoting high usage, over conventional cybersecurity.
Cyber deception market is driven by a rise in APT and zero-day attacks lined with the need for effective solutions for early detection of cyber attackers. Penetration of online as well as ATM transaction is influencing growth of cyber deception market in BFSI sector.
Moreover, growing government funding in the financial industry across the world is likely to translate into growth of cyber deception market. The omnipresence of online and digital data and growth in cloud-based technology increases the vulnerability of these data, which in turn accelerates the growth of the cyber deception market.
On the contrary, increasing use of pirated network tools in several emerging economies along with lack of cyber expertise will be one of the growth restraining determinant of the cyber deception market. Limitation of budget allocation in IT organizations and inability to meet technical requirements of the deceptive security tools are likely to hinder the cyber deception market.

Cyber Deception Market Trends

This section covers the major market trends shaping the Cyber Deception Market according to our research experts:

Increasing Cyber Attacks to Drive the Market

According to the World Economic Forum, cyber-attacks are one of the largest threats across the globe and require high-end security. Software infiltration and cloud-hacks are likely to be the major instances of cyber-attacks. As a result, there is an increase in internal security reviews and audits, in cloud-based companies, giving rise in demand cyber deception solutions.
F-Secure, a cyber-security company based in Finland, published that cyber attack threats increases to fourfold. The total of 1836 million honeypot attack has occurred during FY 2017 -2018. Moreover, attackers are now targeting manufacturing industries. Financial gain (53 %) and industrial espionage (47 %) are the main motives behind cyber attacks on the manufacturing industry. In manufacturing, 86 % of the cyber attacks are targeted. These certain instances of cyber-attacks, which in turn expected to propel the market growth over the upcoming years, at a significant rate.

Understand The Key Trends Shaping This Market

Download PDF

Asia-Pacific to Witness the Fastest Growth

In the year 2018, according to a study done by Cisco, in the APAC region, many companies received up to 10,000 threats a day which means 6 threats are received every minute. 69% of companies surveyed received more than 5,000 threats a day.
In Southeast Asia, 51% of all cyber attacks resulted in a loss of more than USD 1 million. Nearly 10% of respondents said that cyber attacks cost them more than USD 5 million.
In addition to financial losses, cybersecurity incidents are also undermining APAC organizations’ ability to gain confidence with their consumers and other stakeholders, with 72% remarking that greater privacy concerns from their customers are adding more time to their sales cycle.
According to Cisco, APAC security capabilities benchmark study, 15% of businesses in India suffered downtime lasting over a day, which is regionally, among the highest for this extent of time.17% of companies in India deal with 250,000-500,000 alerts per day, which is way above the regional benchmark of 6%. A staggering 26% of organisations in India reported that a breach cost over $5 million, which is very high compared to the regional benchmark of 14%.
Due to the above results, the market holds a noteworthy potential to penetrate the region, which is likely to boost the industry.

Get Analysis on Important Geographic Markets

Download PDF

Cyber Deception Industry Overview

The cyber deception market is fragmented due to a lot of players are offering cyber security solutions to the market. Moreover, the entry of new players is making the market highly competitive. Some of the key players includeIllusive Networks,LogRythm Inc.,ForeScout Technologies, Acalvio Technologies,Fidelis Cybersecurity (TopSpin Security),Allure Security, GuardiCore Limited,Cymmetria, among others.

May 2019 -LogRhythm, the company powering the world’s most modern enterprise security operations centers (SOCs), announced that it has released a cloud-based version of its NextGen SIEM Platform: LogRhytm Cloud. LogRhythm’s NextGen SIEM Platform is already used by some of the world’s largest and best-known enterprises. Collecting and analyzing trillions of security events and threat indicators each week, LogRhythm enables precise detection and accelerated neutralization of sophisticated cyber threats for SOCs across the globe. These benefits are driven by LogRhythm’s end-to-end platform architecture, its patentedmachine-based analytics and its embedded security orchestration, automation and response (SOAR)functionality.
April 2019 -apid7, Inc., a leading provider of security analytics and automation, announced it has acquired NetFort, a company that provides end-to-end network traffic visibility and analytics across cloud, virtual and physical networks. Rapid7 plans to bring NetFort’s network monitoring, visibility and analytics capabilities into its Insight cloudto help customers securely advance.

Cyber Deception Market Leaders

LogRythm Inc.
Rapid7 Inc.
forescout technologies
Fidelis Cybersecurity (TopSpin Security)
Illusive Networks

*Disclaimer: Major Players sorted in no particular order

LogRythm Inc., ForeScout Technologies, Acalvio Technologies, Fidelis Cybersecurity, Allure Security.

Need More Details on Market Players and Competitors?

Download PDF

Cyber Deception Market Report - Table of Contents

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 Increasing Cyber Attacks to Drive the Market
  2. 4.3.2 Omnipresence of Online and Digital Data and Growth in Cloud-Based Technology Accelerates the Growth
4. 4.4 Market Restraints
  1. 4.4.1 Increasing Use of Pirated Network Tools
  2. 4.4.2 Lack of Cyber Expertise
5. 4.5 Industry Attractiveness - Porter's Five Force Analysis
  1. 4.5.1 Bargaining Power of Suppliers
  2. 4.5.2 Bargaining Power of Buyers/Consumers
  3. 4.5.3 Threat of New Entrants
  4. 4.5.4 Threat of Substitute Products
  5. 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Layer
  1. 5.1.1 Application Security
  2. 5.1.2 Network Security
  3. 5.1.3 Data Security
  4. 5.1.4 Endpoint Security
2. 5.2 By Service Type
  1. 5.2.1 Professional Service
  2. 5.2.2 Managed Service
3. 5.3 By End-user Vertical
  1. 5.3.1 IT & Telecom
  2. 5.3.2 Retail
  3. 5.3.3 Energy & Power
  4. 5.3.4 BFSI
  5. 5.3.5 Healthcare
  6. 5.3.6 Other End-user Verticals
4. 5.4 Geography
  1. 5.4.1 North America
  2. 5.4.2 Europe
  3. 5.4.3 Asia-Pacific
  4. 5.4.4 Latin America
  5. 5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Illusive Networks
  2. 6.1.2 LogRythm Inc.
  3. 6.1.3 ForeScout Technologies
  4. 6.1.4 Acalvio Technologies
  5. 6.1.5 Fidelis Cybersecurity (TopSpin Security)
  6. 6.1.6 Allure Security
  7. 6.1.7 GuardiCore Limited
  8. 6.1.8 Cymmetria
2. *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections

Get Price Break-up Now

Cyber Deception Industry Segmentation

System breaching is an activity carried out by cyber hacker to extract sensitive information which may lead to cyber-attacks. Cyber deception is one of the emerging trends in cyber defense systems. It is a controlled act to capture the network, create uncertainty and confusion against sudden attacks establishing situational awareness. Instances such as software infiltration and cloud-hacks increase the need for cyber deception solutions in several sectors. These solutions can identify, analyze, and protect against various forms of cyber-attacks in real time. The best-known attempts of cyber deception in different commercial sectors are honeypots and honeynets. Cyber deception solutions have been gaining increasing momentum to protect networks, devices from malicious attacks, ransom wares, sophisticated cybercriminals, and Advanced Persistent Threats (APTs).

By Layer
		Application Security
		Network Security
		Data Security
		Endpoint Security

By Service Type
		Professional Service
		Managed Service

By End-user Vertical
		IT & Telecom
		Retail
		Energy & Power
		BFSI
		Healthcare
		Other End-user Verticals

Geography
		North America
		Europe
		Asia-Pacific
		Latin America
		Middle East & Africa

Need A Different Region Or Segment?

Customize Now

Cyber Deception Market Research FAQs

What is the current Cyber Deception Market size?

The Cyber Deception Market is projected to register a CAGR of 15.45% during the forecast period (2024-2029)

Who are the key players in Cyber Deception Market?

LogRythm Inc., Rapid7 Inc., forescout technologies, Fidelis Cybersecurity (TopSpin Security) and Illusive Networks are the major companies operating in the Cyber Deception Market.

Which is the fastest growing region in Cyber Deception Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Cyber Deception Market?

In 2024, the Asia Pacific accounts for the largest market share in Cyber Deception Market.

What years does this Cyber Deception Market cover?

The report covers the Cyber Deception Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cyber Deception Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cyber Deception Industry Report

Statistics for the 2024 Cyber Deception market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cyber Deception analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	15.45 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Study Period:
CAGR:
Countries/ Region Covered:
Major Players:

Cyber Deception Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)