What is Bot Detection and Mitigation Software Market?
The global bot detection & mitigation software market is expected to grow at a slow pace during the forecast period, according to the AMA study. Increasing demand for website development and increasing demand for periodic maintenance of websites are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (On-premise and Cloud-based), by Application (Access Control, Activity Monitoring, Forewalls, Intrusion Detection Systems, Reporting & Analytics, Threat Response, VPN and Vulnerability Scanning) and major geographies with country level break-up.
Acunetix (Malta), Avast (Prague), ESET (Slovakia), Flowmon Networks (Czech Republic), HelpSystems (United States), OpenVPN Inc. (United States), Secubytes LLC (United States), SolarWinds (United States), Splunk Technology (United States), Vicarious (United States), Webroot (United States) and Zoho Corporation Pvt. Ltd. (India) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bot Detection and Mitigation Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bot Detection and Mitigation Software market by Type, Application and Region.
On the basis of geography, the market of Bot Detection and Mitigation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Website Development
- Increasing Demand for Periodic Maintenance of Websites
Market Trend
- Implementation of Artificial Intelligence (AI) & Machine Learning (ML) in Bot Detection and Mitigation Software
Restraints
- High Cost of Solutions
- Availability of Open Source Platforms
Opportunities
- Opportunities in the Asia Pacific Region
Challenges
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Bot Detection and Mitigation Software
Analyst Comment
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the bot detection & mitigation software market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.