Market Forecast By Component (Solution, Services (Professional and Managed)), By Deception Stack (Application, Data, Endpoint, Network), By Deployment Mode (Cloud, On-premises), By Organization Size (Small and Medium Enterprises (SMEs), Large enterprises), By Vertical (Banking, Financial Services, and Insurance (BFSI), Energy & utilities, Government, Healthcare, Telecom and IT, Manufacturing, Retail, Others (education and defense)) And Competitive Landscape
Product Code: ETC4392325 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | India Deception Technology Market |
Forecast period | 2025-2031 |
CAGR | 7.4% |
Growing Sector | Banking Financial Services, And Insurance |
The India Deception Technology Market Report thoroughly covers the market by component, deception stack, deployment mode, organization size, and vertical. The India Deception Technology Market Outlook report provides an unbiased and detailed analysis of the ongoing India Deception Technology Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India deception technology market is expected to witness significant growth in the coming years, owing to the increasing adoption of advanced security solutions across various industries. Deception technology refers to a set of tools and techniques designed to deceive cyber attackers and divert them away from actual network assets.
According to 6Wresearch, the India Deception Technology Market size is anticipated to rise at a CAGR of 7.4% during 2025-2031. There are several factors driving the growth of the deception technology market in India. The increasing number of cyber attacks and data breaches has led organizations to invest in advanced security solutions, including deception technology. Additionally, the rising adoption of cloud services and internet-connected devices has made companies vulnerable to cyber threats, further boosting the demand for deception technology. Moreover, the growing adoption of digital transformation and the rise in online transactions have increased the need to secure sensitive data from cybercriminals. These factors are fueling the India Deception Technology Market growth.
some challenges are hindering the adoption of deception technology in India. The lack of awareness about the benefits and functioning of deception technology is one such challenge. Many organizations in India are not familiar with this advanced security solution, which limits its adoption and market growth. Moreover, the high costs associated with implementing and maintaining deception technology can also act as a barrier to its adoption, especially for small and medium-sized enterprises (SMEs).
India's deception technology market is highly competitive, with a mix of both domestic and international players. Some key players operating in this space include Attivo Networks, Cymmetria, Guardicore, Illusive Networks, and LogRhythm. These companies offer a variety of solutions such as network deception, endpoint deception, and deception-based threat detection and response.
The government has identified cybersecurity as a critical area and has taken several initiatives to increase awareness and encourage organizations to adopt robust security measures. One of the major initiatives is the launch of the National Cyber Security Policy (NCSP) in 2013. This policy aims to create a secure cyber ecosystem in the country and strengthen the regulatory framework for cybersecurity. It also focuses on capacity building, promoting research and development, and creating partnerships with other countries to enhance cybersecurity.
The India deception technology market is expected to continue its growth trajectory in the coming years. The government's initiatives to promote digitalization and strengthen cybersecurity measures are likely to drive the adoption of advanced security solutions, including deception technology. Additionally, advancements in artificial intelligence (AI) and machine learning (ML) are expected to enhance the capabilities of deception technology, making it more effective in detecting and preventing cyber-attacks. This is also expected to attract more businesses in India to invest in deception technology solutions.
According to Abhishek Raj, Senior Research Analyst, 6Wresearch, deception technology is gaining immense popularity in the Indian cyber security market, making it a lucrative industry for businesses to expand into.
The banking, financial services, and insurance (BFSI) sector is growing in the market due to the large amounts of sensitive customer data and financial transactions involved. In response to this threat, many BFSI organizations in India have started investing in deception technology solutions to enhance their cybersecurity defenses.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Deception Technology Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Deception Technology Market Revenues & Volume, 2021 & 2031F |
3.3 India Deception Technology Market - Industry Life Cycle |
3.4 India Deception Technology Market - Porter's Five Forces |
3.5 India Deception Technology Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 India Deception Technology Market Revenues & Volume Share, By Deception Stack, 2021 & 2031F |
3.7 India Deception Technology Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 India Deception Technology Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 India Deception Technology Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Deception Technology Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Deception Technology Market Trends |
6 India Deception Technology Market, By Types |
6.1 India Deception Technology Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Deception Technology Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 India Deception Technology Market Revenues & Volume, By Solution, 2021 - 2031F |
6.1.4 India Deception Technology Market Revenues & Volume, By Services (Professional and Managed), 2021 - 2031F |
6.2 India Deception Technology Market, By Deception Stack |
6.2.1 Overview and Analysis |
6.2.2 India Deception Technology Market Revenues & Volume, By Application, 2021 - 2031F |
6.2.3 India Deception Technology Market Revenues & Volume, By Data, 2021 - 2031F |
6.2.4 India Deception Technology Market Revenues & Volume, By Endpoint, 2021 - 2031F |
6.2.5 India Deception Technology Market Revenues & Volume, By Network, 2021 - 2031F |
6.3 India Deception Technology Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 India Deception Technology Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.3.3 India Deception Technology Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.4 India Deception Technology Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 India Deception Technology Market Revenues & Volume, By Small and Medium Enterprises (SMEs), 2021 - 2031F |
6.4.3 India Deception Technology Market Revenues & Volume, By Large enterprises, 2021 - 2031F |
6.5 India Deception Technology Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 India Deception Technology Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021 - 2031F |
6.5.3 India Deception Technology Market Revenues & Volume, By Energy & utilities, 2021 - 2031F |
6.5.4 India Deception Technology Market Revenues & Volume, By Government, 2021 - 2031F |
6.5.5 India Deception Technology Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.5.6 India Deception Technology Market Revenues & Volume, By Telecom and IT, 2021 - 2031F |
6.5.7 India Deception Technology Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.8 India Deception Technology Market Revenues & Volume, By Others (education and defense), 2021 - 2031F |
6.5.9 India Deception Technology Market Revenues & Volume, By Others (education and defense), 2021 - 2031F |
7 India Deception Technology Market Import-Export Trade Statistics |
7.1 India Deception Technology Market Export to Major Countries |
7.2 India Deception Technology Market Imports from Major Countries |
8 India Deception Technology Market Key Performance Indicators |
9 India Deception Technology Market - Opportunity Assessment |
9.1 India Deception Technology Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 India Deception Technology Market Opportunity Assessment, By Deception Stack, 2021 & 2031F |
9.3 India Deception Technology Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 India Deception Technology Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 India Deception Technology Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Deception Technology Market - Competitive Landscape |
10.1 India Deception Technology Market Revenue Share, By Companies, 2024 |
10.2 India Deception Technology Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |