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Botnet detection is the process of detecting and preventing a bot attack, which mitigates harmful bots before it hampers websites, APIs, and mobile applications. The growing adoption of smartphones and connected devices is likely to fuel the demand for botnet detection in the near future. As cybersecurity solutions are evolving, attackers are adopting new methods for hacking the systems through bots. This increasing attacks through bots are driving the need for higher security. The increasing trend of bring your own devices and using personal applications for business processes is likely to increase the risk on bot attakcs. This is expected to boost the demand for botnet detection. The small and medium enterprises are adopting botnets for connecting business and customers owing to its lower prices. Thus, small and medium enterprises are expected to invest more in botnet detection solution. The demand for cloud-based botnet detection is expected to gain rapid growth owing to speed, improved security, scalability, and full-hours accessibility.
The industries such as BFSI, retail & e-commerce, travel & hospitality, and media and entertainment to increase their online presence are adopting mobile-based applications and websites. Also, these industries are connecting with the customers through online platforms. This is expected to drive the demand for botnet detection. further, the the increasing implementation of AI, IoT, cloud-based solution is likely to drive botner detection market. For instance, in 2017 Checl Point Inc. detected a new botnet IoTroop, which directly attacks IoT devices at faster speed. This is likely to boost the implementation od botnet detection solution.
Key Market Driver -
• Rapidly growing digitalization is expected to boost the botnet detection market growth • Growing number of IoT connected devices is expected to drive the demand for botnet detection
Key Market Restraint -
• Lack of awareness regarding growing botnet attacks is likely to challange the market growth
Some of the key players in the global botnet detection market are Imperva Inc., PerimeterX Inc., Instart Logic Inc., ShieldSquare (Radware Ltd), InfiSecure Technologies Private Limited, Akamai Technologies Inc., Reblaze Technologies Ltd, Kasada, Intechnica Ltd, Oracle Corporation, White Ops, among others. The key players are focusing on offering an advanced solution to deal with changing market requirements. Also, these players are entering into a strategic partnership to expand the business presence globally.
North America is expected to dominate the revenue share during the forecast period. The growing adoption of cloud-based deployment and IoT along with connected devices are the major factor of the market growth. The US is likely to lead the region with the presence of various players in the country. Europe is likely to rank second in revenue share. The growing attacks and damages due to the bot in the region are drivingdue to the bot in the region to drive the demand for botnet detection. Further, the stringent government regulations regarding data protection are likely to surge the demand for botnet detection solutions across the countries of Europe. Similarly, South America is likely to gain steady growth owing to increasing smartphone penetration.
The Asia Pacific is expected to witness rapid growth during the forecast period as the region is witnessing increasing botnet attacks. The growing online businesses are driving the botnet detection market growth in the region. Further, in countries like India, South Korea, China, the usage of smartphones for accessing websites boosts market growth. Similarly, the Middle East and Africa gain steady growth due to increasing government initiatives in online and digital businesses
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