Bot Security Market Size Global Report, 2022 - 2030
Bot Security Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030

Bot Security Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Security Type (Web, Mobile, API); By Vertical; By Deployment (Cloud, On-Premises), By Region; Segment Forecast, 2022 - 2030

  • Published Date:Feb-2022
  • Pages: 114
  • Format: PDF
  • Report ID: PM2254
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Outlook

The global bot security market was valued at USD 408.50 million in 2021 and is expected to grow at a CAGR of 19.4% during the forecast period. The rise in illegal bot traffic, the increasing sophistication of botnet threats, and the increased use of APIs across industries such as eCommerce, travel, gaming, and others are major driving drivers for the market.

Bot Security Market Size

Know more about this reportrequest for sample pages

Bots constantly comprehended as crawlers, spiders, and web, are internet-based software programs used to execute routine tasks. These offer products and services to detect botnets, inhibit them, reduce their impacts, prevent botnet attacks, and keep businesses safe. Further, various governments and regulatory agencies have encouraged public and private organizations to accept different teleworking technologies and preserve social distance in the context of the COVID-19 pandemic. The digital way of operating has since become the new Business Continuity Plan (BCP) for various organizations.

Due to the advanced use of mobile gadgets and internet penetration worldwide, businesses are increasingly turning to these solutions and services to protect themselves from DDoS assaults, web scraping, account hijacking, spam, and other malware threats. However, in numerous regions of the world, the rise of ideological and government raids that target people or institutions to facilitate a political cause or carry out a cyberwar operation is noted, and organizations are finding it difficult to combat these attacks. Botnet attacks may be carried out across multiple organizations worldwide employing such approaches. This feature is predicted to limit the bot security market's growth.

Bot Security MarketKnow more about this reportrequest for sample pages

Industry Dynamics

Growth Drivers
The market has observed extensive developments in the last few decades supported by various factors such as the increase in bad bot traffic and the rise in development by the major players. According to the 8th Annual Report, of Bad Bot Traffic Report from Imperva, in 2020, Bad bot traffic amounted to 25.6% online traffic. These are responsible for a wide range of criminal acts, including account takeover via proprietary data scraping, credential stuffing, Grinchbots, and more. The top five industries with the most troublesome bot traffic are telecom and ISPs (45.7%), business services (29.7%), computing and IT (41.1%), sports (33.7%), and news (33.7%).

Besides, in October 2020, Fastly bought Signal Sciences, a web application security business, for approximately USD 775 million. For a unified edge security solution to secure websites and online applications, the transaction integrates Signal Sciences' sophisticated software platform and API's security solutions the former's service and its existing services. Thus, the major players' strategies for security are the factor that is boosting the market growth.

Report Segmentation

The market is primarily segmented based on component, vertical, security type, deployment, and region.

By Component

By Vertical

By Security Type

By Deployment

By Region

  • Solution
  • Services
  • Retail and eCommerce
  • BFSI
  • Government and Defense
  • Healthcare
  • Media and Entertainment
  • Travel and Hospitality
  • IT and Telecom
  • Others

 

  • Web
  • Mobile
  • API
  • Cloud-Based
  • On-Premises
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Hungary, Croatia, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
  • Latin America (Brazil, Mexico, Argentina)
  • MEA (Saudi Arabia, UAE, Israel, South Africa)

Know more about this reportrequest for sample pages

Insight by Vertical

Based on the vertical, the retail and eCommerce segment dominated the global market in 2021 and is expected to retain its dominance in the foreseen period. Bad bot operations, such as disruption of inventory, credential stuffing, and Layer 7 DDoS assaults, primarily target online retail and e-commerce companies. These assaults can cause a website's performance to suffer, as well as downtime, the exposure of important client information, and lost profits. Building client trust requires ensuring the availability and security of e-commerce platforms, networks, and apps. So, the retail and e-commerce segment is projected to boost the market over the forecast period.

Geographic Overview

In terms of geography, the North American market had the largest revenue market share. Several key market companies in North America provide security solutions to all end-users in the region. For instance, in January 2021, RoltaAdvizeX and Botprise have established an agreement to supply smart bots security solutions across North America, from IT Management to Security. AdvizeX's expertise in engineering and business strategy, product ideation, technology development and deployment, and IT operational management, combined with Botprise's expertise in business and technology strategy, product ideation, technology development and deployment, and IT operational management, will help users navigate successful transformations.

Moreover, Asia-Pacific is expected to witness a high CAGR in the global market. During the forecast period, the market in the region is expected to develop at the fastest rate. These projects are becoming increasingly popular in emerging countries. China, Japan, India, and the rest of the Asia-Pacific countries make up the region's rising economies. In October 2021, POKKT Mobile Ads (POKKT), an e-commerce platform, and HUMAN Security offering collective safety against attacks and fraud announced a partnership agreement with the AnyMind Group's POKKT Mobile Ads (POKKT) service.

The Asia Pacific and the Middle East markets face a growing and dynamic danger from sophisticated attacks. HUMAN's MediaGuard rolled out and made available to advertisers in Southeast Asia, India, and the Middle East. Thus, the significant market player's focus is also boosting the bot security market growth during the forecast period.

Competitive Insight

Some of the major market players operating in the global bot security market include Akamai Technologies, Alibaba Cloud, Arturai, CDNetworks, Cequence, Citrix, Cloudflare Inc., F5, Inc., Imperva, InfiSecure, Kount, Limelight Networks, Myra Tech, PerimeterX Inc., Reblaze Technologies Ltd, SecuCloud, Shape Security Inc., Sophos Ltd., and Variti.

Bot Security Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 408.50 million

Revenue forecast in 2030

USD 1,777.73 million

CAGR

19.4% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Component, By Vertical, By Security Type, By Deployment, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

Akamai Technologies, Alibaba Cloud, Arturai, CDNetworks, Cequence, Citrix, Cloudflare Inc., F5, Inc., Imperva, InfiSecure, Kount, Limelight Networks, Myra Tech, PerimeterX Inc., Reblaze Technologies Ltd, SecuCloud, Shape Security Inc., Sophos Ltd., and Variti.