The bot mitigation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bot Mitigation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bot mitigation market size has grown exponentially in recent years. It will grow from $0.58 billion in 2023 to $0.72 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to the rise of automated attacks, web application vulnerabilities, account takeover attacks, e-commerce fraud, ad fraud, and distributed denial of service (DDoS) attacks.
The bot mitigation market size is expected to see exponential growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to increasing bot sophistication, growth of IoT botnets, expansion of cloud-based Attacks, emerging threat landscape, increased automation in cyberattacks, and integration with security orchestration platforms. Major trends in the forecast period include enhanced bot detection techniques, focus on zero trust architecture, expansion of cloud-native bot mitigation, behavioral biometrics for bot identification, and the rise of AI-powered bot attacks.
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Scope Of Bot Mitigation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rise in the threat of phishing and malware is expected to propel the growth of the bot mitigation market going forward. Phishing refers to the practice of sending false emails or messages to people in an attempt to fool them into disclosing personal information. Malware refers to programs designed to break into networks, steal data, interfere with services, or obtain illegal access to IT systems. The threat of phishing and malware is rising due to increasing digital interconnectedness, the sophistication of cybercriminals, and vulnerabilities in technology infrastructures. Bot mitigation helps prevent phishing and malware attacks by identifying and blocking automated bot traffic that is often used to distribute malicious links and payloads, safeguarding users from deceptive tactics and potential compromises of sensitive information. For instance, in December 2022, according to the Anti-Phishing Working Group (APWG), a US-based industry association, the third quarter of 2022 witnessed 12.7 million phishing attacks, an increase from the 10.97 million attacks in the second quarter. Therefore, the rise in the threat of phishing and malware is driving the growth of the bot mitigation market.
Market Trends –
Major companies operating in the bot mitigation market are focusing on developing innovative products, such as advanced bot defense platforms, to boost their revenues in the market. An advanced bot defense platform is a cybersecurity solution designed to protect websites and web applications from malicious traffic and misuse by bots, which can perform harmful activities such as credential theft and content scraping. For instance, in December 2023, Kasada, an Australian-based developer of cybersecurity software solutions, launched an advanced bot defense platform that provides evolving protection and attack insights. This platform is designed to address the limitations of traditional bot detection systems, which have been rendered ineffective at defending against modern bot attacks and online fraud, including account takeover. The platform’s defense system is randomized across its architecture, making it arduous and expensive for attackers to attempt bypassing the solution. Kasada’s platform is designed to be invisible to customers, providing quick and effective protection that does not affect the user experience.
The bot mitigation market covered in this report is segmented –
1) By Component: Standalone, Services
2) By Security Type: Web, Mobile, Application Programming Interface
3) By Deployment Mode: Cloud, On-Premises
4) By Enterprise Size: Large, Small And Medium
5) By End User: Retail And E-Commerce, Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunication, Media And Entertainment, Defense And Security, Travel And Tourism, Healthcare, Energy And Utilities, Automotive And Aviation
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Regional Insights –
North America was the largest region in the bot mitigation market in 2023. The regions covered in the bot mitigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bot mitigation market report are Cisco Systems Inc.; Broadcom Inc.; Palo Alto Networks Inc.; Fortinet Inc.; Akamai Technologies Inc.; Citrix Systems Inc.; Cequence Security Inc.; F5 Networks Inc.; Check Point Software Technologies Ltd.; Trend Micro Inc.; CrowdStrike Holdings Inc.; Proofpoint Inc.; Zscaler Inc.; Cloudflare Inc.; Netscout Systems Inc.; Forcepoint LLC; Fastly Inc.; Barracuda Networks Inc.; Radware Ltd.; Imperva Inc.; White Ops Inc.; Sophos Group Plc; DataDome SAS; Netacea Ltd; Reblaze Technologies Ltd.
Table of Contents
1. Executive Summary
2. Bot Mitigation Market Report Structure
3. Bot Mitigation Market Trends And Strategies
4. Bot Mitigation Market – Macro Economic Scenario
5. Bot Mitigation Market Size And Growth
…..
27. Bot Mitigation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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