Botnet Detection Market to hit $ 6,986.1 Million, Globally, by 2027 at 50.6% CAGR, The global botnet detection market witnesses a continual rise in revenues. The research report covers the customary market situation, effective market strategies, innovative breakthroughs, key developments and botnet detection methods. The proliferation of the Internet is a major driving force defining the growing market landscape. Botnets have been around for many years. However, over recent years, with the rise of the Internet of Things (IoT), they have spread further to devices like routers, mobile devices, and even toasters.
Besides, the rising adoption of botnet detection techniques by businesses and organizations to protect their endpoints and data from targeted attacks creates significant market opportunities. The wide uptake of botnet detection solutions increases the market value. Additionally, the augmenting demand from BFSI and retail & e-commerce industries boosts the botnet detection market size.
According to Market Research Future (MRFR), the global botnet detection market would continue garnering significant gains by 2027, growing at a phenomenal CAGR throughout the forecast period. The growing number of businesses adopting BYOD policies and their heavy reliance on mobile devices and laptops for business communication create substantial market demand.
Global Botnet Detection Market – Segmentations
The MRFR analysis is segmented into detection techniques, deployment, organization size, application, vertical, and regions. The detection technique segment is sub-segmented into flow data monitoring, anomaly detection, DNS log analysis, and honeypots. The deployment segment is sub-segmented into on-cloud and on-premise. The organization size segment is sub-segmented into large enterprises and small & medium enterprises (SMEs).
The application segment is sub-segmented into web-based, mobile-based, and API-based. The vertical segment is sub-segmented into BFSI, government & defense, IT & telecom, retail, media & entertainment, transportation, healthcare, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Global Botnet Detection Market – Geographical Analysis
North America dominates the global botnet detection market. The largest market share attributes to the increasing adoption of cloud & IoT technologies and connected devices, such as smartphones largely vulnerable to botnet attacks. The US and Canada account for sizable shares in the regional market, with their huge research and development spending for botnet detection techniques.
The Asia Pacific region stands second in the global botnet detection market. The region is increasingly becoming one of the most lucrative markets for cybersecurity technologies. Besides, the market growth is driven by the increasing adoption of botnet detection techniques by a large number of organizations to safeguard their enterprise data.
Moreover, the augmenting demand for comprehensive security approaches in web-based, mobile-based, and API-based applications increase the botnet detection market size. Rapidly developing APAC countries such as India and China, backed by their huge and well-established cybersecurity technologies, propel the market growth in the region.
Europe also demonstrates substantial growth in the botnet detection market, with the increasing investments on account of government initiatives. Countries such as Germany, the UK, and France, account for leading botnet security markets in the region. Additionally, rising technological enhancements and the growing adoption of botnet detection solutions for security measures for the network and cloud deployments boost the region’s market share.
Global Botnet Detection Market – Competitive Analysis
The market appears highly competitive, with a number of small and large players forming a competitive landscape. To gain a larger market advantage, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. They make substantial R&D investments in developing a technology with unrivaled design and features compared to their competition.
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Akamai Technologies (US)
PerimeterX Inc. (US)
Intechnica Ltd (UK)
Distil Inc. (US)
Shield Square (India)
Instart Logic Inc.(US)
White Ops Inc (US)
Kasada Pty Ltd (Australia)