Botnets are malicious programs which can infect mobile devices, personal computers, internet of things devices, and other interconnected devices. They are used by cybercriminals for generating unwanted traffic on distributed denial-of-service (DDoS) attacks, fraud campaigns, and email spams. The global botnet detection market report by Market Research Future (MRFR) contains proactive measures developed by market participants and development of new security solutions for handling bots.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The global botnet detection market is predicted to expand at 41% CAGR and reach a unicorn valuation of USD 1 billion by 2023. The market is driven by counteractive measures taken by small, medium, and large enterprises for protecting confidential information of their clients as well as their own. The BFSI industry has benefited massively and stands as one of its biggest proponents. In 2017, White Ops Inc. managed to detect close to 40,000 banking Trojan botnets.
Rising dependence on smartphones and mobile phone applications can act as a back door for unknown threats. The market can leverage on this trend by offering freemium and premium subscription services to users as per their convenience. Furthermore, digitization of information as well as plans by various governments to shift to a paperless routine can play a vital role in bolstering market demand.
The hesitation to switch to advanced antivirus software programs from traditional software can hamper the market growth.
The botnet detection market is segmented by vertical, organization size, application, deployment, and technique.
By vertical, it is segmented into IT & telecommunications, media & entertainment, retail, BFSI, transportation, healthcare, government & defense, and others. The media & entertainment segment can be lucrative for the botnet detection market till 2023 due to need for preventive measures against online attacks. The use of banner Ads to fool online users can be averted with the help of botnet detection software. On the other hand, the government vertical is predicted to produce significant market revenue till 2023.
By organization size, it is segmented into large enterprise and small & medium enterprise.
By application, it is segmented into API based, mobile-based, and web-based. All of these application segments can accrue significant revenue for the botnet detection market due to high usage of the Internet and smartphones for accessing information, conducting transactions, and purchasing essentials.
By deployment, it is segmented into on-cloud and on-premise. The on-cloud deployment is expected to exhibit a higher growth rate than its counterpart due to benefits of agility, scalability, 24/7 service, and enhanced safeguards.
By technique, it is segmented into honeypots, flow data monitoring, DNS log analysis, and anomaly detection.
Regionally, Botnet Detection Market Covid 19 is segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
North America is predicted to lead the global market over the forecast period due to adoption of smartphones as well as connected technologies of internet of things (IoT) and cloud. Huge influx of capital on botnet detection techniques and file recovery methods can be pivotal in its growth. Countries of Canada and the U.S. are expected to be major contributors of the market.
The APAC region is expected to exhibit a swift CAGR over the forecast timespan due to need for filtering techniques in China and India. In addition, the presence of major IT companies and other behemoths of industry verticals which are vulnerable to online threats and other viruses require botnet detection software.
Distil Inc. (US), Akamai Technologies (US), Kasada Pty Ltd (Australia), Intechnica Ltd (UK), PerimeterX, Inc. (US), Shield Square (India), White Ops, Inc (US), Imperva (US), Instart Logic Inc. (US), and others are major players of the botnet detection market.
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