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: ETC4392327 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Malaysia Deception Technology Market report thoroughly covers the market By Component, By Deception Stack, By Deployment Mode, By Organization Size, and By Vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Deception Technology Market is proliferating and has witnessed a significant growth rate over the past few years. The rise in cybercrime in the country and the government's strict regulations to protect sensitive data have driven the adoption of deception technology.
According to 6Wresearch, the Malaysia Deception Technology Market size is expected to grow rapidly at a CAGR of 3.89% during the forecast period of 2025-2031. The market is expected to grow significantly due to an increasing number of cyber-attacks over the years. With the rise in the adoption of the Internet of Things (IoT), cloud technology, and mobile devices, there has been a steep increase in the volume and complexity of cyber-attacks. The rise in adoption of cloud computing, the increasing need for advanced threat intelligence, and the growing awareness of deception technology are expected to drive the Malaysia Deception Technology Market Growth over the coming years.
One of the significant trends in the deception technology market in Malaysia is the adoption of cloud-based deception technology solutions. Enterprises are increasingly moving their operations to the cloud, and cloud-based deception solutions offer greater scalability, flexibility, and cost-effectiveness compared to on-premises solutions. However, the lack of awareness among enterprises about deception technology and its benefits are expected to be the major restraint for the market development. Additionally, organizations that have implemented deception technology solutions face a lack of skilled professionals who can operate and manage these solutions effectively.
The government has introduced several policies and schemes to foster the growth of the Deception Technology Market. One of the significant initiatives is the Digital Economy Blueprint. It is aimed at promoting the country's digital economy by creating a supportive ecosystem that encourages innovation and entrepreneurship. The government has also set up an online platform called the Deception Technology Marketplace. It is an e-commerce platform that enables cybersecurity companies to promote their deception technology products.
There are several players in the Deception Technology Market in Malaysia such as Cybertrap, Acalvio Technologies, and Attivo Networks. These companies have created a range of deception technology solutions that offer effective protection against modern-day cyber threats.
The future of the Malaysia Deception Technology Industry looks promising due to the surging demand for cybersecurity solutions. With the rise of sophisticated cyber threats, deception technology has become a critical tool for cybersecurity experts. Moreover, advancements in Artificial Intelligence (AI) and Machine Learning (ML) technology are also projected to contribute significantly to the growth of the deception technology market. These technologies can enable more advanced and sophisticated deception techniques that are difficult for attackers to spot.
According to Kartik, Senior Research Analyst, 6Wresearch, the network deception stack is projected to dominate the market on account of growing cybersecurity concerns among organizations and increasing cyber-attacks in the country.
Based on Deployment Mode, the cloud-based deployment segment is anticipated to grow during the forecast period due to its cost-effectiveness and high scalability. Cloud-based deployment offers several benefits such as reduced complexity and ease of management.
By Organizational Size, the SMEs segment is anticipated to dominate the Malaysia Deception Technology Market Share during the forecast period due to the increasing adoption of cloud-based deception technology and rising cyber threats faced by small and medium businesses.
The report offers a comprehensive study of the subsequent 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 Malaysia Deception Technology Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Deception Technology Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Deception Technology Market - Industry Life Cycle |
3.4 Malaysia Deception Technology Market - Porter's Five Forces |
3.5 Malaysia Deception Technology Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Malaysia Deception Technology Market Revenues & Volume Share, By Deception Stack, 2021 & 2031F |
3.7 Malaysia Deception Technology Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 Malaysia Deception Technology Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Malaysia Deception Technology Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Malaysia Deception Technology Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Deception Technology Market Trends |
6 Malaysia Deception Technology Market, By Types |
6.1 Malaysia Deception Technology Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Deception Technology Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 Malaysia Deception Technology Market Revenues & Volume, By Solution, 2021 - 2031F |
6.1.4 Malaysia Deception Technology Market Revenues & Volume, By Services (Professional and Managed), 2021 - 2031F |
6.2 Malaysia Deception Technology Market, By Deception Stack |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Deception Technology Market Revenues & Volume, By Application, 2021 - 2031F |
6.2.3 Malaysia Deception Technology Market Revenues & Volume, By Data, 2021 - 2031F |
6.2.4 Malaysia Deception Technology Market Revenues & Volume, By Endpoint, 2021 - 2031F |
6.2.5 Malaysia Deception Technology Market Revenues & Volume, By Network, 2021 - 2031F |
6.3 Malaysia Deception Technology Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Deception Technology Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.3.3 Malaysia Deception Technology Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.4 Malaysia Deception Technology Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Deception Technology Market Revenues & Volume, By Small and Medium Enterprises (SMEs), 2021 - 2031F |
6.4.3 Malaysia Deception Technology Market Revenues & Volume, By Large enterprises, 2021 - 2031F |
6.5 Malaysia Deception Technology Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Malaysia Deception Technology Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021 - 2031F |
6.5.3 Malaysia Deception Technology Market Revenues & Volume, By Energy & utilities, 2021 - 2031F |
6.5.4 Malaysia Deception Technology Market Revenues & Volume, By Government, 2021 - 2031F |
6.5.5 Malaysia Deception Technology Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.5.6 Malaysia Deception Technology Market Revenues & Volume, By Telecom and IT, 2021 - 2031F |
6.5.7 Malaysia Deception Technology Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.8 Malaysia Deception Technology Market Revenues & Volume, By Others (education and defense), 2021 - 2031F |
6.5.9 Malaysia Deception Technology Market Revenues & Volume, By Others (education and defense), 2021 - 2031F |
7 Malaysia Deception Technology Market Import-Export Trade Statistics |
7.1 Malaysia Deception Technology Market Export to Major Countries |
7.2 Malaysia Deception Technology Market Imports from Major Countries |
8 Malaysia Deception Technology Market Key Performance Indicators |
9 Malaysia Deception Technology Market - Opportunity Assessment |
9.1 Malaysia Deception Technology Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Malaysia Deception Technology Market Opportunity Assessment, By Deception Stack, 2021 & 2031F |
9.3 Malaysia Deception Technology Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 Malaysia Deception Technology Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Malaysia Deception Technology Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Malaysia Deception Technology Market - Competitive Landscape |
10.1 Malaysia Deception Technology Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Deception Technology Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |