In a recent published report, Kenneth Research has updated the market report for Botnet Detection Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Botnet Detection Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Market Synopsis
The Botnet Detection Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market synopsis
With the adoption of cloud and IoT technology, use of the Internet has increased. Every enterprise today, government or commercial, relies on the Internet and computer networks to share the enterprise data. Also, with the increasing adoption of IoT, the number of web-connected devices increases where the majority of devices have little or no security features.
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Botnets are networks of connected devices such as personal computers, smartphones, and laptop infected with malware which are remotely controlled by bot masters or bot headers. Botnets are a significant threat to networks. The main purpose of botnets is spreading cyber attacks in the form of spam messages, distributed denial of service (DDoS) attacks, and automated identity theft. Zeus, Droid Dream, and Tigerbot are some of the mobile bots which have carried out successful botnet attacks in mobile to mobile platforms
Botnet detection techniques are adopted by both large as well as small & medium-sized enterprises (SMEs) as every enterprise aims to protect its confidential information from being stolen or destroyed from cyber attacks and frauds. BFSI industries primarily adopt botnet detection techniques as the cyber attackers are in constant wait for stealing customer data and accessing money. In the year 2017, White Ops Inc., a cybersecurity provider company detected about 40,000 banking Trojan botnets.
Furthermore, retail & e-commerce industries are also vulnerable to botnet attacks as majority of the transactions take place online. Cyber attackers keep a constant watch on the transactions and customer data to steal, skew and scrape it. If the botnet files are not detected and worked upon, customer satisfaction might get affected resulting in a staggering reduction in the revenue.
However, a major challenge faced by the botnet detection market is the lack of awareness about the latest botnet detection techniques. Majority of the enterprises are still using traditional botnet techniques whereas the severity and sophistication of threats has been constantly increasing which raises the demand for equally complex detection systems.
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Segmentation
The global botnet detection market is segmented into various segments on the basis of deployment, organization size, application, detection techniques, and vertical.
By deployment, the market is segmented into on-cloud and on-premise.
By organization size, the market is segmented into large enterprise and small and medium enterprises (SMEs).
By application, the market is segmented into web-based, mobile-based, and API based.
By detection technique, the market is segmented into flow data monitoring, anomaly detection, DNS log analysis, and honeypots.
By vertical, the market is segmented into BFSI, government & defense, IT & telecom, retail, media & entertainment, transportation, healthcare, and others.
Regional analysis
The global market for botnet detection is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the botnet detection market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the botnet detection market during the forecast period. The major factors influencing the market in this region are the increasing adoption of cloud and IoT technologies along with connected devices such as smartphones which run a constant threat of botnet attacks. Also, well-established economies such as the US and Canada are spending a huge amount on research and development of botnet detection techniques, which is expected to fuel the market growth in the region. Asia-Pacific is expected to grow at a significant pace during the forecast period due to increasing adoption of botnet detection techniques by enterprises to safeguard the enterprise data.
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Global Botnet Detection Market, 2017-2023 (USD Billion)
The global botnet detection market is expected to generate a market value of USD 1 billion by 2023 growing at a CAGR of ~ 41%.
Key players
The prominent players in the market of botnet detection are Akamai Technologies (US), PerimeterX, Inc. (US), Imperva (US), Intechnica Ltd (UK), Distil Inc. (US), Shield Square (India), Instart Logic Inc.(US), White Ops, Inc (US) and Kasada Pty Ltd (Australia).
Other players include Unbotify (Israel), Shape Security (US), InfiSecure Technologies Inc. (India), AppsFlyer (US), Variti International GmbH (Switzerland), Datadome (France) and Mfilterit (India) among others.
Intended Audience
Associations, Organizations, Forums, And Alliances
Government Bodies and Departments
Application Developers
Technical Universities
Managed Service Providers
Professional Service Providers
Research and Development Companies
Market Research and Consulting Firms
Technology Standards Organizations
Technology Investors
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