Bot Mitigation Market is expected to grow at a CAGR of 21.63% through 2029
Global
Bot Mitigation Market is expected to grow owing to organizations becoming more
aware of the risks posed by bot-driven attacks throughout the forecast period.
According
to TechSci Research report, “Bot
Mitigation Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2029”, the Global Bot Mitigation Market was valued at USD 491.27 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 21.63% through 2029. The frequency and intensity of
bot-driven attacks, including DDoS attacks, credential stuffing, and content
scraping, have been on the rise. Organizations across industries are compelled
to invest in bot mitigation solutions to protect their digital assets and user
data. Bots are becoming
more sophisticated, utilizing advanced evasion techniques and mimicking human
behavior to evade detection. As bots evolve, organizations seek advanced bot
mitigation solutions that leverage technologies such as artificial intelligence
and machine learning to effectively identify and thwart sophisticated attacks.
The
escalating frequency and complexity of cyber threats, including bot-driven
attacks, create a significant opportunity for bot mitigation solutions. As the
threat landscape evolves, there is an increasing demand for advanced
technologies to detect and mitigate emerging threats. The widespread adoption of cloud-based
services and infrastructure presents opportunities for bot mitigation solutions
to protect cloud-hosted applications, APIs, and data. As organizations migrate
to the cloud, there is a growing need for solutions that can secure cloud
environments from automated attacks.
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Bot Mitigation Market"
Based
on End-User, the IT & Telecom segment is projected to dominate the market
throughout the forecast period. As Telecom networks evolve and embrace technologies
like 5G, network security becomes paramount. Bot mitigation solutions address
threats to network infrastructure and APIs, ensuring the integrity and
confidentiality of data flowing through these channels. Telecom companies often
operate in a highly regulated environment. Bot mitigation solutions in this
segment may incorporate features to help organizations comply with
industry-specific regulations and standards related to data protection and
cybersecurity. Some bot mitigation providers collaborate with Communication
Service Providers to offer integrated solutions. This collaboration helps in
providing comprehensive security solutions tailored to the specific needs of
Telecom companies. Given the dynamic nature of cyber threats, real-time threat
intelligence is crucial. Bot mitigation solutions for the IT and Telecom
segment often integrate with threat intelligence feeds to enhance their
capabilities in identifying and mitigating emerging threats promptly. The IT
and Telecom segment requires continuous monitoring and analysis of network
traffic. Bot mitigation solutions provide analytics and reporting tools to help
organizations understand the nature of bot attacks, allowing for proactive
measures to enhance security.
Key
market players in the Global Bot Mitigation Market are:-
- Akamai Technologies, Inc.
- Imperva, Inc.
- Cloudflare, Inc.
- Radware Ltd.
- Human Security, Inc.
- DataDome Group
- F5, Inc.
- Fastly, Inc.
- Netacea Limited
- IBM Corporation
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“The North America is poised to be the dominant
region in the industry. North
America, including the United States and Canada, faces a high incidence of
cyber threats, including bot-driven attacks. The region's advanced
technological infrastructure and widespread internet usage make it a lucrative
target for various malicious activities. The
financial services sector in North America is a prime target for bot attacks
due to the wealth of sensitive information and financial transactions. Bot
mitigation solutions are crucial for protecting online banking, payment
gateways, and financial data from automated threats”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Bot Mitigation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Security Type (Web, Mobile and API), By Component (Standalone and Services), By End-User (IT & Telecom, BFSI, Retail & E-Commerce and Others), By Region, and By Competition, 2019-2029F” has evaluated the future growth
potential of Global Bot Mitigation Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Bot Mitigation Market.
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