Bot Security Global Market Reach $1.51 Billion at a CAGR of 14.0% By 2033, Key Factors behind Market's Exponential Growth

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bot Security Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.51 billion In 2028 At A CAGR Of 14.0% :

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.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14061&type=smp

Bot Security Market Major Segments
The bot security market covered in this report is 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

Key Driver - Rising Bad Bot Traffic Fuels Expansion Of Bot Security Market

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. For instance, according to a report by Imperva Inc., a US-based cyber security software and services company, bad bot traffic amounted to 25.6% of all website traffic in 2021, up 6.2% from 2020. Therefore, an increase in bad bot traffic is driving the growth of the bot security market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14061&type=smp

Prominent Trend - Innovative Saas-Based Security Portfolios Enhancing Application Protection With F5's Cloud App Infrastructure Protection

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. For instance, in December 2022, F5 Inc., a US-based technology company specializing in application and network security, launched Cloud App Infrastructure Protection (AIP), an extension of application observability and protection to cloud-native infrastructures through cloud workload protection. It employs behavioral analysis to identify modern applications' insider risks, external threats, and data loss risks. It can also detect vulnerable components and possibly malicious activity in real time. Cloud App Infrastructure Protection (AIP) can strengthen a conventional WAAP solution by offering improved security visibility and protection from contemporary threats. It provides comprehensive telemetry and threat detection capabilities to enhance security posture, detect vulnerable components, and defend against modern threats.

Bot Security Market Players
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.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/bot-security-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the bot security market in 2023 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the bot security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bot Security Market Report Structure
3. Bot Security Market Trends And Strategies
4. Bot Security Market - Macro Economic Scenario
5. Bot Security Market Size And Growth
…..
27. Bot Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.