Bot Security Market Overview: Market Size, Major Drivers And Trends
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The bot security market size has grown rapidly in recent years. It will grow from $0.63 billion in 2023 to $0.75 billion in 2024 at a compound annual growth rate (CAGR) of 19.7%. The growth in the historic period can be attributed to increase in bad bot traffic, growing cybersecurity concerns, increasing incidents of bot-driven cyber-attacks targeting sensitive data and financial assets, rise in bot attacks, regulatory compliance.
The bot security market size is expected to see rapid growth in the next few years. It will grow to $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to protection of brand reputation, rising awareness among organizations about the potential risks associated with bot activities, e-commerce growth, machine learning adoption, social media. Major trends in the forecast period include shift of traffic from web to mobile, technological advancements, development of advanced bot detection and mitigation techniques leveraging machine learning and behavioral analysis, bot detection techniques, behavioral biometrics.
An increase in bad bot traffic is expected to propel the growth of the bot security market going forward. Bad bot traffic refers to non-human traffic to a malicious or harmful website. This can involve carding, account hacking, credential stuffing, and website content theft. An increase in bad bot traffic is expected to prompt organizations across various sectors to invest in robust bot security solutions to safeguard their online assets and mitigate the risks associated with such malicious activities. As the threat landscape evolves and the frequency and sophistication of bot attacks continue to rise, there will be a growing demand for advanced bot security measures capable of effectively detecting, blocking, and neutralizing malicious bot traffic.
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What Are The Key Trends That Influence Bot Security Market Share Analysis?
Major companies operating in the bot security market are developing innovative technologies, such as Software as a Service (SaaS)-based security portfolios to protect applications. A SaaS-based security portfolio refers to the collection of cloud investments made by an organization as part of its Software as a Service (SaaS) offerings, focusing on assessing the security measures implemented by each SaaS vendor, ensuring data privacy, and meeting compliance standards.
Which Market Players Are Driving Growth In The Bot Security Market?
Major companies operating in the bot security market are Alibaba Cloud, CDNetworks Inc., Akamai Technologies, Citrix Systems Inc., F5 Networks Inc., Cloudflare Inc., Imperva Inc., Fastly Inc., AppsFlyer Ltd., Limelight Networks Inc., Radware Ltd., Shape Security Inc., Sophos Ltd., Kount Inc., Cequence Security Inc., DataDome, PerimeterX Inc., Netacea Ltd., Secucloud Network GmbH, Botguard, Arturai Inc., Reblaze Technologies Ltd., Variti International GmbH, Myra Security GmbH, AuthSafe GmbH., InfiSecure Technologies Inc.
How Is The Global Bot Security Market Segmented?
1) By Component: Solution; Services
2) By Security Type: Web Security; Mobile Security; Application Programming Interface (API) Security
3) By Deployment: Cloud-Based; On-Premises
4) By Vertical: Retail And eCommerce; Banking, Financial Services And Insurance (BFSI); Government And Defense; Healthcare; Media And Entertainment; Travel And Hospitality; Information Technology (IT) And Telecom
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https://www.thebusinessresearchcompany.com/report/bot-security-global-market-report
The Bot Security Global Market Report 2024 provides an overview of the bot securitymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bot security market forecast analyzes bot security market size, bot security market share, leading competitor and their market positions.
The Table Of Content For The Bot Security Market Include
1. Bot Security Market Executive Summary
2. Bot Security Market Segments
3. Bot Security Market Size And Template Market Growth Rate
4. Key Bot Security Market Trends
5. Major Bot Security Market Drivers
……
25. Key Mergers And Acquisitions In The Bot Security Market
26. Top Bot Security Companies
27. Bot Security Market Opportunities And Strategies
28. Bot Security Market, Conclusions And Recommendations
29. Appendix
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