The Worldwide Bot Security Industry is Expected to Reach $983 Million by 2026


DUBLIN, July 22, 2021 /PRNewswire/ — The “Bot Security Market by Component (Standalone Solution, Services), Security Type (Web, Mobile, API), Deployment Mode, Organization Size, Vertical (Retail & E-commerce, Media and Entertainment, Travel and Hospitality) and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global bot security market size is projected to grow from USD 408 million in 2021 to USD 983 million by 2026, at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period.

Major driving factors for the bot security market include rise in bad bot traffic; increasing sophistication of botnet attacks and loss of revenues for organizations; shift of traffic from mobile to web; and surge in the use of APIs across businesses such as eCommerce, travel, gaming, etc.

By component, the services segment to register the highest growth rate during the forecast period.

The services segment includes various services that are required to deploy, execute, and maintain the bot security platform in an organization. As the adoption of the bot security platform increases, the demand for these services is also expected to increase. Bot security can be provided through Managed Security Services (MSS) analysts who provide remote assistance and incident response to clients in case of suspicious activities. These services include training and education, and support and maintenance. As the adoption of the bot security platform increases, the demand for these services is also expected to soar. Bot security services ensure 24/7 protection against increasingly sophisticated architectures, SOCs manned by security experts, and quick incident response services. Bot security vendors offer customized subscriptions and professional services for threat intelligence, threat prevention, detection, and response to assist end-users in easy planning and deployment of bot security platforms.

By deployment mode, the cloud segment to register the highest growth rate during the forecast period.

Cloud-based bot security solutions provide scalability, efficiency, and 24/7 services to organizations. SaaS-based services offer a centralized service delivery…

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