The global bot security market size is expected to reach USD 1,777.73 million by 2030, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid shift in traffic from the web to mobile boosts the bot safety industry growth during the forecast period. This number is predicted to grow exponentially as Internet penetration rises. For instance, as per the International Telecommunication Union, it is estimated that around 4.9 billion people, or 63% of the world's population, will be using the internet, in 2021. This represents a 17 percent growth over 2019, with 782 million individuals estimated to have used the internet during that time. However, 2.9 billion people remain unconnected.
Smartphones are being used for various tasks, including internet shopping, social media applications, and product research. As a result of the emergence of social networking apps like Facebook, Instagram, Snapchat, and online entertainment platforms like Netflix and Amazon Prime, smartphone users are spending more time on activities. As a result, web traffic is shifting away from desktop computers and toward mobile devices, making botnet attacks a lucrative opportunity during the forecast period.
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Based on the component, the services segment accounted for the leading market share in the market in 2021. The services category includes a wide range of services needed to set up, administer, and maintain a bot safety platform in a business. Market demand for these services is expected to rise as bot threat protection becomes more extensively used.
Market players such as 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 are some key players operating in the global market.
In May 2021, Imperva, Inc., a cyber safety firm whose purpose is to secure data and all paths to it, has announced the acquisition of CloudVector, a leader in sophisticated API safety. Customers usedCloudVector to find, monitor, and defend all API traffic in any environment from attacks and breaches. CloudVector's API safety works in conjunction with Imperva API safety by detecting all APIs based on actual usage, categorizing the data using machine learning, identifying personal data exposure, and detecting unusual user and data activity.
Polaris Market Research has segmented the bot security market report based on component, vertical, security type, deployment, and region:
Bot Security, Component Outlook (Revenue - USD Million, 2018 - 2030)
Bot Security, Vertical Outlook (Revenue - USD Million, 2018 - 2030)
Bot Security, Security Type Outlook (Revenue - USD Million, 2018 - 2030)
Bot Security, Deployment Outlook (Revenue - USD Million, 2018 - 2030)
Bot Security, Regional Outlook (Revenue - USD Million, 2018 - 2030)