The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth and Forecast

• The bot mitigation market has seen significant growth, reaching $0.58 billion in 2023 and projected to hit $0.72 billion in 2024, growing at a CAGR of 24.5%.
• Expected to expand further to $1.75 billion by 2028, with a CAGR of 24.8%, driven by increasing bot sophistication and cloud-based attacks.

Drivers of Growth

• Automated Attacks: Rise in automated attacks like DDoS and account takeover.
• E-commerce and Ad Fraud: Increasing incidents driving market demand.
• Web Application Vulnerabilities: Vulnerabilities exploited by automated bots.

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Rising Threat Of Phishing And Malware Driving Growth In Bot Mitigation Market

Impact of Phishing and Malware

• Digital Interconnectedness: Increased connectivity fuels phishing attempts.
• Cybercriminal Sophistication: Malware designed to exploit vulnerabilities.
• Technology Infrastructures: Vulnerabilities in systems vulnerable to attacks.

Role of Bot Mitigation

• Preventing Attacks: Identifying and blocking automated bot traffic.
• Protection Measures: Safeguarding users from malicious links and payloads.
• Industry Impact: Example of phishing attacks increasing quarterly.

Major Players in the Bot Mitigation Market

Leading Companies

• Key Players: Cisco, Palo Alto Networks, Fortinet, Akamai, and more.
• Innovation Focus: Development of advanced bot defense platforms.
• Recent Developments: Launches and strategic acquisitions enhancing market presence.

Innovative Bot Defense Platforms Revolutionize Cybersecurity Landscape

Advanced Bot Defense Platforms

• Cybersecurity Solutions: Protecting websites from harmful bot activities.
• Product Launch: Kasada’s advanced bot defense platform example.
• Effectiveness: Addressing modern bot attacks and online fraud.

Thales Group Acquisition

• Strategic Acquisition: Thales Group acquiring Imperva Inc. for $3.6 billion.
• Portfolio Enhancement: Integrating Imperva’s expertise in cybersecurity solutions.
• Market Impact: Strengthening capabilities in application security and access management.

Market Segmentation

Detailed Segmentation

• By Component: Standalone solutions and services.
• By Security Type: Web, mobile, and API security.
• By Deployment Mode: Cloud-based and on-premises solutions.
• By Enterprise Size: Catering to large enterprises and SMEs.
• By End User: Diverse industries including retail, BFSI, IT, telecom, and healthcare.

Regional Insights

Dominance in North America

• Market Leadership: North America leading in bot mitigation adoption.
• Key Factors: Technological advancements and regulatory frameworks.
• Market Dynamics: Growth driven by increasing cyber threats and regulatory compliance.

In conclusion, the bot mitigation market is poised for substantial growth driven by rising cyber threats, technological advancements, and strategic acquisitions. Innovations in bot defense platforms and strategic expansions by key players underscore the market’s evolution towards comprehensive cybersecurity solutions.

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The Bot Mitigation Global Market Report 2024  provides comprehensive insights on the bot mitigation market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the bot mitigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Bot Services Global Market Report 2024

DDoS Protection And Mitigation Global Market Report 2024

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