Deception Technology Market | Rising Up Gradually with the Adoption of New Technologies 2031

Fraudulent technology market

Fraudulent technology market

The rise in advanced threat (APT) in the government is expected to create significant opportunities for the market during the forecast period.

PORTLAND, PORTLAND, OR, UNITED STATE, October 31, 2022 /EINPresswire.com/ — According to a report published by Allied Market Research, the global fraud technology market will reach $1.8 billion in 2021, and is expected to will reach $5.8 billion by 2031. , growing at a CAGR of 12.2% from 2022 to 2031. The report provides a detailed breakdown of the top winning strategies, growing market trends, market size and concepts, value chain, key investment portfolios, drivers and opportunities, competitive landscape and local landscape. .

The rise of advanced security threats, increased need for effective solutions for early detection of attackers and increased use of new technologies such as IoT will drive growth. of the global fraud technology market. Increasing the use of encryption technology allows companies to solve security problems and facilitate access to information during remote work during the pandemic with positive results as the world market grows.

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The report provides a detailed description of the global counterfeiting technology market based on distribution, counterfeiting technology, industry size, industry vertical, and region. The report provides a comprehensive analysis of each segment and their sub-sections with the help of a graphical representation and index. This analysis can be very helpful for market players, investors, and new entrants in making decisions and planning strategies related to the fastest growing and highest profitable segments. said in the report.

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Based on the distribution, the solutions segment is expected to hold the largest market share in 2021, holding about two-thirds of the global market, and is expected to maintain its leading position during the forecast period. The services sector, on the other hand, is expected to report the fastest CAGR of 13.5% during the forecast period.

Due to fraud, the security sector of the company is expected to hold the market share in 2021, holding half of the global market, and is expected to maintain its leading position during the forecast period. The application security segment, on the other hand, is expected to report the fastest CAGR of 14.2% during the forecast period.

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Based on the sales industry, the BFSI segment is expected to hold the largest market share in 2021, holding about one-fourth of the global market, and is expected to maintain its leadership position during the forecast period. The healthcare segment, on the other hand, is expected to report the fastest CAGR of 15.7% during the forecast period.

Regarding the region, the market in North America will hold the market share in 2021, holding more than one third of the global market, and is expected to maintain its leading position during the forecast period. The Asia-Pacific region, on the other hand, is expected to report the fastest CAGR of 14.3% during the forecast period.

Key players evaluated in the global anti-fraud technology market report are Allure Security Technology, Inc, Attivo Networks, Inc, Acalvio, CYBERTRAP Software GmbH, CounterCraft, Fidelis Cybersecurity, Guardicore Ltd, Illusive Networks, LogRhythm, Inc, Minerva Labs , PacketViper, Rapid7 , Smokescreen Technologies, Inc, TopSpin Security, Trapx Security, vArmor, and WatchGuard Technologies.

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The report covers these major players in the global fraud technology market. These players have successfully used strategies such as mergers, alliances, expansions, new product launches, partnerships, etc. to expand their footprint. and excellence in business. The report is helpful in analyzing the latest developments, product portfolio, business performance and performance segments by prominent players in the market.

COVID-19 Information:

• The outbreak of COVID-19 has had a positive impact on the growth of the global counterfeiting technology market, due to the availability of lockdowns in various countries around the world.

• Various shops, businesses and industries have been closed due to the spread of social distancing measures imposed by the governments of various countries around the world.

• Therefore, more people are forced to stay indoors which results in an increase in internet access which requires encryption technology.

Additionally, the increasing number of cyber-attacks and the growing number of cloud security and AI-integrated solutions are expected to drive the demand for fraud technology over the years. to come.

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Related information:

1. Consumer supply market

About us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global companies and small and medium businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a mission to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their market areas.

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Pawan Kumar, CEO of Allied Market Research, leads the company in providing high quality data and insights. We are in business relationship with various companies. This helps us dig into the market data that helps us create accurate research data tables and ensure that our market forecasts are very accurate. Each data group is related within the server. Our high-quality data marketing methodology is reflected in the reports we publish through first-hand interviews with senior executives from leading online and offline research and consulting with stakeholders. experts and analysts in the industry.

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Allied Analytics LLP
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