Deception Technology Market Share, Size 2021 New Report 2030: Research Methodology Focuses on Exploring Major Factors Influencing the Industry Development

In a recent published report, Kenneth Research has updated the market report for Deception Technology Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Deception Technology Market products.

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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.

Globally, the deception technology has started witnessing a healthy growth since the recent past years due to the rising use of surveillance, identity, and access applications and increasing cybersecurity concerns among the enterprises. Enterprises are increasing their spending on security technologies to reduce organizational security breaches, securing the perimeter, data security, content protection and controls, maintaining privacy, IP, and API’s among other factors. Henceforth, the adoption of deception technology has been rising in SMEs and large enterprises in the recent years. Furthermore, the rising adoption of digital technologies, such as IoT, analytics, and mobility technologies, is supporting the growth of deception technology across various industrial sectors.

As there is a rising concern among organizations for the security of their virtualized infrastructure and business information, enterprises are investing in security technologies for the protection of their organizational assets. Since there is a low awareness among the organizations of the available solutions, vendors are required to put in an effort to promote the benefits of the solutions. In addition, there is lack of industry standards which is in the development phase.

In the new digital connected world, deception technology market has reported a significant growth and is presenting ample opportunities to the industry’s players. Deception technology solutions and services are used by organizations of all sizes – small, medium, and large – across various industry verticals such as manufacturing, telecom and IT, healthcare, retail, banking, financial services, and insurance, and others.
the global deception technology market to grow at a CAGR of 12.8% during the forecast period. The market is segmented into solution, services, deployment modes, end-user verticals, and regions.

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• The report covers the present scenario and the growth prospects of the deception technology during the period 2017–2023. Moreover, to calculate the market size, the report considers the revenue generated from the below-mentioned segments:
o Solution: The segment includes the revenue generated from solution – a standalone platform
o Services: The segment includes the revenue generated from the consulting services, design and integration services, managed services, training and support, and others
• The report covers drivers, restraints, and opportunities affecting the market growth during the forecast period.
• The report gives insight about the application verticals where deception technology solutions and services are being used.
• The report covers the adoption and usage of deception technology in different regions. The regions include North America, Europe, Asia Pacific (APAC), and the Latin America, and the Middle East & Africa (MEA).
• It also contains an analysis of the forecast revenues, vendor profiles, companies to watch for, and business strategies, and views.
• It contains an analysis of vendor profiles, which include financial health, business units, geographical revenue, business focus, SWOT, business strategy, and views.
• In the vendor profile section, for companies that are privately held, financial information and revenue of segments will be limited.
• The report covers political, economic, social, and technological (PEST) factors affecting the market growth during the forecast period.

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Table of Contents
1 Industry Outlook 9
1.1 Industry Overview 9
1.2 Industry Trends 10
1.3 PESTLE Analysis 11
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 12
2.3 Research Methodology 14
2.4 Report Assumptions 14
3 Market Snapshot 15
3.1 Total Addressable Market (TAM) 15
3.2 Segmented Addressable Market (SAM) 15
3.3 Related Market 17
3.3.1 Virtualization 17
3.3.2 AI Market 17
3.3.3 Cognitive Analytics 17
3.3.4 mHealth Market 17
4 Market Outlook 18
4.1 Overview 18
4.2 Market Definition – Infoholic Research 18
4.3 Segmentation 19
4.4 Porter 5 (Five) Forces 20
5 Market Characteristics 21
5.1 Market Trends 21
5.2 Market Dynamics 21
5.2.1 Drivers 22
5.2.1.1 Increasing need of remote monitoring solutions 22
5.2.1.2 Need for reducing the operational cost 22
5.2.1.3 Increased focus on core business and improve scalability 22
5.2.1.4 Need to improve time to market 22
5.2.1.5 Requirement of regulatory compliance and security 23
5.2.2 Restraints 23
5.2.2.1 Lack of awareness about security solutions 23
5.2.2.2 Shifting of workloads 23
5.2.2.3 Lack of awareness 23
5.2.3 Opportunities 24
5.2.3.1 Huge investments in cybersecurity 24
5.2.3.2 High adoption of third IT platform 24
5.2.3.3 Demand for developing economies 24
5.3 DRO – Impact Analysis 24
5.4 Key Stakeholders 25
6 Component: Market Size and Analysis 26
6.1 Overview 26
6.2 Solution 26
6.3 Services 27
7 Services: Market Size & Analysis 29
7.1 Consulting services 29
7.2 Design and Integration Services 30
7.3 Managed Services 31
7.4 Training and Support Services 32
7.5 Other Services 33
8 Deception Stack: Market Size & Analysis 35
8.1 Network Security 35
8.2 Application Security 36
8.3 Endpoint Security 37
8.4 Data Security 38
9 Deployment Modes: Market Size & Analysis 40
9.1 On-premise 40
9.2 On-cloud 41
10 End-user Verticals: Market Size and Analysis 43
10.1 Overview 43
10.2 BFSI 44
10.3 Telecom and IT 45
10.4 Healthcare 46
10.5 Retail 48
10.6 Manufacturing 49

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