Detecting Botnets Market - Competitive Landscape and Regional Trends By 2023

Posted by Savni on March 27th, 2020

Market Outlook

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.

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The hesitation to switch to advanced antivirus software programs from traditional software can hamper the market growth.

The market is challenged by the lack of awareness regarding botnet detection and many enterprises use traditional techniques while being completely unaware regarding new advanced botnet techniques that have entered the market to help protect advancing technology.

Market Segmentation

MRFR's segmentation of the global botnet detection market has been performed on the basis of deployment, organization size, applications, detection techniques, verticals, and region. Deployment of botnet detection can be done on-cloud or on-premise. On-cloud is a significant segment due to rapid adoption and related security concerns.

Organization sizes where botnet detection can be done include large enterprises, and small & medium enterprises (SMEs).

Applications of botnet detection have been segmented into mobile-based, API based, and web-based.

Detection techniques used in botnet detection include flow data monitoring, anomaly detection, honeypots, and DNS log analysis.

Verticals, where botnet detection is applied, include BFSI, IT & telecom, retail, government & defense, media & entertainment, healthcare, transportation, and others.

Region Analysis

Regionally, Detecting Botnets Market 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.

Key Players

Various market players have been included in MRFR’s competitive analysis of the global botnet detection market. Leading market participants that have been included in the report are Shield Square, PerimeterX, Inc., Unbotify, Kasada Pty Ltd, Datadome, InfiSecure Technologies Inc., Instart Logic Inc., Mfilterit, Intechnica Ltd, AppsFlyer, White Ops, Inc, Shape Security, Distil Inc., Variti International GmbH, Imperva, and Akamai Technologies.

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