Global Deception Technology Market to grow at a CAGR of 12.8% to aggregate $2.4 billion by 2023
The deployment model, such as on-premises and on-cloud, is boosting the global deception technology market. Additionally, the rising demand from SMEs and various industry verticals, economic growth, and scalable resources are the prime factors driving the growth of the market.
Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Global Deception Technology Market – Drivers, Opportunities, Trends, and Forecasts to 2023” .
According to Infoholic Research, the global deception technology market will experience significant growth during the forecast period due to the need for reducing the operational cost, the need to improve scalability and time to market, and the requirement of regulatory compliance and security. The market is expected to grow at a CAGR of 12.8% during the forecast period 2017–2023 to touch an aggregate of $2.4 billion by 2023.
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In the new digital connected world, the deception technology market has reported significant growth and is presenting ample opportunities to the industry players. Deception technology solutions and services are used by organizations of all sizes from small, medium, to large, across various industry verticals such as manufacturing, telecom and IT, healthcare, retail, banking, financial services, and insurance, and others.
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With increasing global competition and rising awareness about deception technology solutions across the globe, deception technology market is poised to scale newer acmes. Moreover, introduction of new software services, technology innovation and advancement, rising number of digitally empowered enterprises in the world and entry of new industry players, are all set to further boost the market growth.
“The deception technology market is an attractive high growth market space for technology providers, investors, service providers, application providers, and consulting providers to expand their business in the core enterprise operations. The deception technology market holds enormous opportunities in the next 5–6 years due to the rising penetration of cloud-based service adoption, digital technology, IoT, and advanced technologies.” – Pradeep Singh, Senior Research Analyst at Infoholic Research
The report provides an in-depth analysis and forecast about the industry covering the following key features:
- Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
- Analyzes the global deception technology market according to the solutions, services, deployment modes, end-user verticals, and regions
- Analyzes the major 10 vendors in terms of market reach, business strategy, and business focus
- Provides stakeholders’ insights and key trends (current and future) of the market