Botnet Detection Market to Hit 42.4% CAGR and Projected to Reach US$ 1,191 Million by 2023

Objective of report is to define, describe, and forecast botnet detection market by component (standalone solution and service), application area, deployment mode, organization size, industry vertical, and region. Report analyzes opportunities in market for stakeholders by identifying high-growth segments of market.

Pune, India – May 3, 2018 /MarketersMedia/ —

The global botnet detection market size was USD 163.7 Million in 2017 and is projected to reach USD 1,191.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 42.4% during the forecast period. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023. The major drivers of the market include an increasing need for security against bad bot traffic, growing number of smartphone users, and increasing adoption of APTs.

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Botnet detection is a standalone machine learning and fingerprinting technology-based security solution that detects and mitigates bad bots before harming websites, mobile apps, or APIs of an enterprise. The major forms of attacks that are carried out through bots include web scraping, application Denial of Service (DoS), skewed analytics, account takeover, form spam, gift card cracking, ad fraud, and payment fraud.

Key Target Audience:
• NBR Manufacturing Companies
• Traders, Distributors, and Retailers
• Raw Material Suppliers
• Commercial R&D Institutes
• Research Institutes, Trade Associations, and Government Agencies

The botnet detection market by organization size is categorized into large enterprises and SMEs. Among these, the SMEs segment is expected to grow faster during the forecast period. With an increased adoption of BYOD and web and mobile-based applications for business operations, SMEs are deploying botnet detection solutions to prevent any form of bot attacks.

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Botnet detection solution and services have been adopted by various industry verticals, including retail and eCommerce, media and entertainment, travel and hospitality, BFSI, IT and telecom, government and defense, healthcare and life sciences, and others (education, auction sites, real estate, and energy and utilities). The media and entertainment industry vertical is expected to be fastest growing. This growth in the media and entertainment vertical can be attributed to the increasing bot attacks through ad frauds.

Premium Insights
1 Attractive Market Opportunities in the Botnet Detection Market
2 Market By Component, 2018–2023
3 Market By Service, 2018–2023
4 Market By Application Area, 2018–2023
5 Market By Deployment Mode, 2018–2023
6 Market By Organization Size, 2018–2023
7 Market By Industry Vertical, 2018–2023
8 Market By Region

Major botnet detection management vendors include Akamai Technologies (US), Imperva (US), Distil Networks (US), PerimeterX (US), ShieldSquare (India), Unfraud (US), Instart Logic (US), Pixalate (US), AppsFlyer (US), Intechnica (UK), Zenedge (US), Reblaze (Israel), White Ops(US), Shape Security (US), Integral Ad Science (US), InfiSecure (India), DataDome (France), CriticalBlue (UK), Digital Hands (US), Variti (Switzerland), Stealth Security (US), Unbotify (Israel), Kasada (Australia), Mfilterit (India), and White Diagnosis (US).

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The global botnet detection market by region has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. North America, followed by Europe, is estimated to be the largest revenue-generating region for the botnet detection management vendors in 2018. The US and Canada have a high focus on innovations obtained from Research and Development (R&D), and technologies.

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Source: MarketersMedia

Release ID: 340504