Global Bot Mitigation Software Market Overview, Key Players Analysis and Business Forecast (2022 - 2030)

A New Report by Absolute Markets Insights offers extensive Global Bot Mitigation Software Market assessments considering the importance, projections and offers comprehensive, strategic life choice data identification and effectively provide a high degree of industrial clarity. The study offers key drivers that drive the growth in the Bot Mitigation Software Market. Insights in this report help market players in planning strategies to gain market presence. The research also outlines restraints of the market along with opportunities mentioned to assist market players in taking further steps by determining potential in untapped regions.

In terms of revenue, the global bot mitigation software market was valued at US$ 412 Mn in 2021, growing at a CAGR of 19.8% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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Growth of the global bot mitigation software market is mainly driven by upsurge in bad bot traffic. Bad bots are software applications that are typically used for automated tasks with malicious intent over the internet. Such bots are also being used for undertaking criminal activities, such as outright theft and fraud. For instance, according to the "2021 State of Bot Mitigation Survey", the provider of effective and easier way to defend against bot attacks, 64% of organizations across the globe lost more than 6% or more of their revenue owing to the bot attacks. In addition to this, the number of factors such as increased use of application programming interface (APIs) across online businesses, such as travel, e-commerce, and gaming is projected to boost the demand for bot mitigation software solutions.

However, according to Checkpoint, the leading provider of cyber security solutions, cybercrime is moving towards becoming a profit-driven industry. This has posed a significant challenge on global bot mitigation software industry, hampering the global market growth. On the other hand, considerable penetration of internet coupled with the exponential rise in smartphone usage is expected to create lucrative growth opportunities for the bot mitigation software market in upcoming years. Bot mitigation software enables protection of web applications as well as websites from malicious bot activity and traffic. The process of bot mitigation incudes separating bad bots from good bots, distinguishing bots from real people, and dealing with the malicious activities, which is propelling the global bot mitigation software market.

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The COVID-19 epidemic has caused a global health and economic crisis in the year 2020. However, during this pandemic, internet ecosystem played an important role all over the globe owing to the increased dependency on online businesses. This has led to the surge in bad bot traffic. For instance, according to the Imperva, the provider of complete cyber security solutions, in 2020, bad bot traffic increased by 6.2% and about 40.8% of the Internet traffic was not human. This increase in bad bot traffic has driven growth of the global mitigation software market during COVID-19 pandemic.

Some of the Key Players Operating in the Global Bot Mitigation Software Market include:
Barracuda Networks, Inc.
Cloudflare, Inc.
DataDome
Google LLC
Imperva
Kasada
Netacea
PerimeterX, Inc.
Radware
Reblaze Technologies Ltd.
Other Market Participants

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Global Bot Mitigation Software Market Segmentation:

By Offering
Solution
Service

By Pricing Model
Monthly
Annually

By Organization Size
Small and Medium Enterprises
Large Enterprises

By Deployment Type
Cloud
On-premise

By Application
Mobile
Web
APIs

By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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