Bot Security Market touched USD 329 million in 2020, and anticipated to reach USD 1,368 million in 2028, registering at a higher CAGR of 19.5% | Size & Industry Analysis

The Bot Security Market was estimated around USD 329 million in 2020 and projected to reach USD 1,368 million in 2028, increasing at a CAGR of 19.5% duriing 2021-2028.

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The factors driving growth of Bot Security Market includes increasing internet penetration rates around the world, emergence of digital entertainment platforms such as Netflix and Amazon Prime, rising focus by companies on enhancing mobile security, strict regulations imposed by Governments regarding data privacy and improvements in the living standards. Moreover, rising concerns related to cyberattacks across the globe, growing adoption of advanced technologies by major companies, increasing demand for smartphones and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic mergers, and collaborations between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Bot Security Market is hindered attributed to inefficiency of CAPTCHA for identifying Botnet attack.

The prominent players operating in the market are Reblaze Technologies Ltd., Microsoft, Amazon Web Services, Inc, Imperva, Akamai Technologies, Radware, Sophos Ltd., DataDome, Cloudflare, Inc., and F5, Inc., among others.

Based on Component, the Services segment is predicted to grow at a significant CAGR during the forecast period

Growing adoption of Botnet platforms for preventing cyber-attacks and increasing demand for botnet services in mobile applications and secured websites, are some of the factors pushing Bot Security Market size.

Based on End-User E-Commerce Industry segment is projected to grow at a robust CAGR over the forecast period

As per the Bot Security Market Global Industry Analysis, rising concerns related to cyber-attacks on e-commerce websites and tactics used by hackers in the form of, sneaker bots, price scraping and grinch bots, are pushing the demand for botnet services in e-commerce industry

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

According to the Bot Security Market Forecast, presence of the leading players such as Akamai Technologies, Microsoft and Amazon Web Services, Inc., surge in the volumes of cyber-attacks, increasing tech-savvy population and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2021, Imperva launched the data privacy solution to help an organization discover, identify, and protect personal data in any on-prem, cloud, hybrid, and multi-cloud environment.
In 2021, Akamai Technologies completed the acquisition of Gaurdicore to extend its Zero Trust solution to help in stopping ransomware.

Market Segmentation

Segmentation by Component

Solution
Services

Segmentation by Deployment Type

Cloud
On-premises

Segmentation by End-User Industry

Retail
IT & Telecom
Government & Defence
BFSI
e-Commerce
Media & Entertainment
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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