The increasing need for privacy and security in various sectors, especially in BFSI, is driving the global #cyber deception market to a great extent. The rising activities related to system breach is influencing the demand for cyber deception technologies remarkably, leading to a positive growth in the cyber deception market across the world. Going forward, the upgradation in technologies and augmenting awareness among consumers regarding cyber-attack and theft will propel this market in the years to come.
Let’s have a look on the latest developments in the global cyber deception market: LogRhythm recently announced the launch of a cloud-based version of its NextGen SIEM Platform, named LogRhytm Cloud. The powers the most modern enterprise security operations centers (SOCs) across the world. apid7 Inc., a leading security analytics and automation provider, made an announcement that it entered into an acquisition agreement with NetFort, an end-to-end network traffic visibility and analytics provider across cloud, physical, and virtual networks.
The global cyber deception market demonstrates a highly competitive and fragmented business landscape. The rivalry among the key market participants, such as Illusive Networks, ForeScout Technologies, LogRythm Inc., Acalvio Technologies, Allure Security, Fidelis Cybersecurity, GuardiCore Ltd., and Cymmetria, is anticipated to increase the intensity of this competition further. These companies have been depending on technological advancements of their existing product portfolios for the growth of their businesses. Going forward, they will shift their focus on strategic partnerships to improve their visibility in the global cyber deception market over the forthcoming years. They are also projected to expand their bases in developing countries, especially in Asia, in the near future.
This research report presents an in-depth analysis of the global cyber deception market, taking the key trends, market segmentation, and its future prospects in consideration. It also offers a deep insight into the market dynamics, in order to understand the status of the worldwide cyber deception market over the period of 2019 – 2027.
Over the last few years, the global cyber deception market has witnessed a significant change in its business dynamics. The high growth in the worldwide cyber deception market can be attributed to the ongoing expansion in the information and communication technology sector across the world. The increasing number of cyber-attacks, augmenting concerns regarding security, and the need for modernization in IT and automation of manual processes are serving as the main factors that are driving the demand for cyber deception devices, worldwide.