2024 Bot Mitigation Market Outlook: Size, Share, and Key Growth Drivers
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What Growth Rate is the Bot Mitigation Market Anticipated to Experience from 2024-2033?
The bot mitigation market will grow from $0.58 billion in 2023 to $0.72 billion in 2024, achieving a CAGR of 24.5%. This growth is linked to increased automated attacks and e-commerce fraud.
The bot mitigation market is projected to reach $1.75 billion by 2028 at a CAGR of 24.8%. Growth drivers include increasing sophistication of bots and the rise of IoT botnets. Key trends include enhanced detection techniques and behavioral biometrics.
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What Are the Significant Influencers of Growth in the 2024 Bot Mitigation Market Outlook: Size, Share, and Key Growth Drivers Market?
The increasing threat of phishing and malware is likely to propel the growth of the bot mitigation market. Phishing involves deceptive emails or messages aiming to obtain personal information, while malware includes harmful software targeting network security. The rise in these threats is due to increased digital connectivity and sophisticated cybercriminal tactics. Bot mitigation technologies help prevent such attacks by blocking harmful automated traffic. The Anti-Phishing Working Group reported a significant rise in phishing attacks, highlighting the need for bot mitigation. Thus, the growing threat of phishing and malware is driving the bot mitigation market.
What Key Segments Define the Bot Mitigation Market?
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
What Are the Key Developments Shaping the Bot Mitigation Market?
In the bot mitigation market, companies are developing advanced defense platforms to protect against malicious bot traffic. For example, in December 2023, Kasada launched a platform providing evolving protection against modern bot attacks, ensuring an optimal user experience.
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What Regions Are Driving Expansion in the Bot Mitigation Market?
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.
The Bot Mitigation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the bot mitigation market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Bot Mitigation Market Include
1. Bot Mitigation Market Executive Summary
2. Bot Mitigation Market Segments
3. Bot Mitigation Market Size And Template Market Growth Rate
4. Key Bot Mitigation Market Trends
5. Major Bot Mitigation Market Drivers
……
25. Key Mergers And Acquisitions In The Bot Mitigation Market
26. Top Bot Mitigation Companies
27. Bot Mitigation Market Opportunities And Strategies
28. Bot Mitigation Market, Conclusions And Recommendations
29. Appendix
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