Bot Security Market Size by Component, Security type, Deployment, Organization size, Vertical, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Bot Security Market size was valued at US$ 409.04 Mn. in 2021 and the total revenue is expected to grow at 19.3% through 2022 to 2029, reaching nearly US$ 1678.38 Mn.
Bot Security Market Overview:
The Global Bot Security Market was valued at US$ 409.04 million in 2021. The rise in bad bot traffic, rising sophistication of botnet assaults and loss of revenue for firms, traffic shift from mobile to web, and explosion in the use of APIs across businesses such as eCommerce, travel, gaming, and others are all major driving reasons for the bot security market. Bots or Internet robots, often known as spiders, crawlers, and web bots, are internet-based software programs that are used to execute repetitive tasks. There are two sorts of bots: There are excellent bots and terrible bots. While good bots are beneficial for tasks such as indexing a search engine, bad bots can be used to build a bot network and launch malware attacks.
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Global Bot Security Market Dynamics:
Rise in bad bot traffic: The Internet includes good robots and bad robots. In 2021, robots accounted for more than half of all automated network traffic and nearly a quarter of all Internet traffic. According to Akamai, 43% of all login attempts are from malicious botnets. Due to the availability of dark web data, attacks such as database crash attacks are becoming more and more popular, and it is expected that the percentage of malicious botnets will increase.
According to Tech Radar's statistics, 30% of all robots claiming to be Google robots are not Google robots. According to industry experts, as robots become more sophisticated, they will be responsible for more than 50% of network traffic. Hackers are using advanced technologies such as artificial intelligence and machine learning to perfect robots so that they can accurately imitate human behavior online.
Cybercrime moving toward becoming a profit-driven industry: By using different tools, cybercrime is moving towards a profit-driven industry. Ideological and state-driven attack trends directed at individuals or organizations to promote political undertakings or carry out cyber-warfare activities are observing the world around the world, where organizations find it difficult to respond to these attacks. Industry experts worry that using this strategy, botnet attacks can be carried out among various entities around the world.
The shift of traffic from the web to mobile: In 2021, global Smartphone users reached 3.5 billion. Due to the increase in Internet penetration, this number is expected to increase exponentially. The Smartphone ownership rate is significantly higher in advanced economies, including most European countries and the United States, Australia, South Korea, and Japan. The use of smartphones in various activities such as online shopping, social media applications, and product research is being witnessed. Smartphone users are spending more time on their smartphones as a result of the introduction of social media apps like Facebook, Instagram, and Snapchat, as well as digital entertainment platforms like Netflix and Amazon Prime. As a result, web traffic is shifting from desktop to mobile, making botnet attacks a profitable target.
Global Bot Security Market Segment Analysis:
On the basis of component, the global bot security market is sub-segmented into Standalone Solutions, Services. The service segment held a large share of xx% in 2021. The services segment contains a variety of services that are required to set up, run, and maintain a bot security platform in a company. As the bot security platform becomes more widely used, demand for these services is projected to increase. Bot security can be supplied by Managed Security Services (MSS) analysts, who can give clients remote help and incident response in the event of suspicious activity. Bot security suppliers provide customizable subscriptions and expert services to help end-customers develop and deploy bot security platforms quickly and easily.
On the basis of security type, the global bot security market is sub-segmented into Web Security, Mobile Security, and API Security. The mobile security segment held a large share of 52.6% in 2021, owing to the increasing use of Smartphone’s in any generation, increased penetration of the Internet, increasing demand for online shopping, and social media applications like Facebook, Instagram. The increase of the mobile security market is being driven by an increase in online mobile payment and an increase in security needs as a result of the implementation of BOYD in workplaces. The industry is growing due to an increase in the requirement to safeguard video streaming material.
On the basis of deployment, the global bot security market is sub-segmented into Cloud, On-Premises. The cloud segment held the largest market share of more than 65.0% in 2021. Because the data generated by the software is stored in the cloud, which is available to all departments, cloud-based digital identity solutions activities are emerging as an emerging trend in the bot security market. Furthermore, growing usage among small, medium and big businesses is driving up demand for the cloud-based bot security market.
On the basis of organization size, the global bot security market is sub-segmented into large enterprises, SMEs. The cloud-based solutions and services assist SMEs improve business performance and efficiency, the market for SMEs is likely to grow at a faster rate throughout the forecast period. Due to the affordability and acceptability of emerging technologies such as AI, big data, and Blockchain, the large enterprises sector is likely to hold a bigger market share in the bot security market over the forecast period.
On the basis of vertical, the global bot security market is sub-segmented into Retail and eCommerce, Media and Entertainment, Travel and Tourism, BFSI, Telecom, Government and Defense, Healthcare, Others. The retail and eCommerce segment held a large share of xx% in 2021. Bad bot attacks, such as denial of inventory, scalping, scraping, credential stuffing, and Layer 7 DDoS assaults, mostly target online retail and e-commerce enterprises.
These assaults can cause a website's performance to suffer, as well as downtime, the exposure of important client information, and revenue loss. These types of attacks not only cause technical issues but also have a financial impact. As a result, strong security measures against dangerous bots must be implemented and maintained by online shops. Building client trust requires ensuring the availability and security of e-commerce platforms, networks, and applications. As a result, bot security solutions for retail and e-commerce are projected to boom in the next years.
Global Bot Security Market Regional Insights:
The North America region held the largest market share of xx% in 2021. Several key market companies in North America provide bot security solutions to all end-users in the region. Both the United States and Canada has robust economies and is projected to be important contributor to the growth of the bot security market. The main elements for deploying bot security and services include geographical presence, considerable R&D activities, partnerships, acquisitions and mergers, and acquisitions and mergers. More demand is being driven by the growing threat of botnets inflicted on governments in these countries. For example, the US Department of Defense (DoD) has taken the rapid spread of malware affecting commercial networks and government activities very seriously, and has sought enhanced automation ways to resist the attacks.
Recent development:
• Imperva bought Cloud Vector, a pioneer in API security, in May 2021. Imperva safeguards customers against the hazards of API traffic discovery, monitoring, and protection from exploits and breaches in every environment. Imperva's capacity to manage complex API security concerns was enhanced with the inclusion of Cloud Vector.
• Epiq, a worldwide technology-enabled services business, chose Cloud flare for WAF security in February 2021. Epiq clients have more control over business and security risks thanks to Cloud flare. Epiq's use of Cloud flare’s services will give its clients greater granular security control.
• Fatly purchased Signal Sciences, a web application security business, for approximately USD 775 million in cash and equity in October 2021. Signal Sciences' sophisticated web application and API security solutions are combined with a fatly edge cloud platform.
The objective of the report is to present a comprehensive analysis of the global Bot Security market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Bot Security market dynamics, structure by analyzing the market segments and projects the global Bot Security market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Bot Security market make the report investor’s guide.
Global Bot Security Market Scope:Inquire before buying
| Global Bot Security Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2021 | Forecast Period: | 2022-2029 |
| Historical Data: | 2017 to 2021 | Market Size in 2021: | US $ 409.04 Mn. |
| Forecast Period 2022 to 2029 CAGR: | 19.3% | Market Size in 2029: | US $ 1678.38 Mn. |
| Segments Covered: | by Component | • Standalone Solution • Services |
|
| by Security type | • Web Security • Mobile Security • API Security |
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| by Deployment | • Cloud • On-premises |
||
| by Organization size | • Large Enterprises • SMEs |
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| by Vertical | • Retail and ecommerce • Media and Entertainment • Travel and Tourism • BFSI • Telecom • Government and Defense • Healthcare • Others |
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Global Bot Security Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Bot Security Market Key Players
• Akamai Technologies
• Imperva
• PerimeterX
• Cloudflare
• Radware
• Fastly
• F5
• Sophos
• Reblaze
• Netacea
• DataDome
• Shape Security
• AppsFlyer
• Alibaba Cloud
• SecuCloud
• Kount
• Limelight Networks
• Arturai
• CDNetworks
• Citrix
• InfiSecure
• Cequence
• Variti
• Myra Tech
• Botguard
• AuthSafe
Frequently Asked Questions:
1. Which region has the largest share in Global Bot Security Market?
Ans: North America region held the highest share of xx% in 2021.
2. What is the growth rate of Global Bot Security Market?
Ans: The Global Bot Security Market is growing at a CAGR of 19.3% during forecasting period 2022-2029.
3. What segments are covered in Global Bot Security Market?
Ans: Global Bot Security Market is segmented into component, security type, deployment, organization type, vertical and region.
4. Who are the key players in Global Bot Security Market?
Ans: The important key players in the Global Bot Security Market are - Akamai Technologies, Imperva, PerimeterX, Cloudflare, Radware, Fastly, F5, Sophos, Reblaze, Netacea, DataDome, Shape Security, AppsFlyer, Alibaba Cloud, SecuCloud, Kount, Limelight Networks, Arturai, CDNetworks, Citrix, InfiSecure, Cequence, Variti, Myra Tech, Botguard, AuthSafe .
5. What is the study period of this market?
Ans: The Global Bot Security Market is studied from 2021 to 2029.