Botnet Detection Market Size, Share, and Growth Forecast for 2024 - 2031

Botnet Detection Market by Component (Solution and Services), Enterprise Size (Small and Medium-sized Enterprises and Large Enterprises), Industry (BFSI, IT and Telecom, Healthcare, Retail and E-commerce, Manufacturing, Government, Media and Entertainment), and Regional Analysis from 2024 to 2031

Industry: IT and Telecommunication

Published Date: November-2024

Format: PPT*, PDF, EXCEL

Delivery Timelines: Contact Sales

Number of Pages: 178

Report ID: PMRREP34909

Report Price

$ 4900*

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Botnet Detection Market Size and Share Analysis

The global botnet detection market is anticipated to reach a size of US$ 270.5 Mn by 2024. It is projected to rise at a healthy CAGR of 26.5% in the assessment period to reach a value of US$ 1,402.4 Mn by 2031.

The market for botnet detection is rising significantly due to their surging complexity and size. Businesses and governments are under constant pressure to safeguard their digital assets as hackers use botnets to carry out sophisticated operations like data theft, DDoS attacks, and system manipulation. As a result, spending on sophisticated botnet detection and prevention tools is rising at a fast pace.

The need for solutions with real-time detection, machine learning capabilities, and adaptive response measures is skyrocketing. It is being fueled by high preference for technologies that can identify and neutralize dangerous bots before they affect websites, mobile applications, and APIs.

Companies are striving to remain ahead of increasingly adaptive cyber threats. Rising automated attacks across social media, banking, and e-commerce sectors have reinforced the need for strong botnet detection, driving market expansion. For instance, the FBI's Internet Crime Complaint Center (IC3) 2023 Internet Crime Report states that from 2022 and 2023, there was a 7% increase in recorded cybercrimes, with botnet-related attacks making up 18% of all reported incidents.

The solution has also gained substantial traction among cybersecurity professionals and tech companies. Technological innovations bring along the risk of misuse. Botnet attack is considered one such violation where the computer is controlled by a third party that has access to all information present on the device. This is considered a growing threat across the globe, especially due to cybercriminals’ capacity to infiltrate any devices that are connected to the internet.

Key Highlights of the Market

  • Increasing adoption of connected devices is spurring demand for botnet detection as the threat for cyber-attack increases.
  • Evolution in cybersecurity solutions is opening up new methods for hacking systems, thereby increasing the need for botnet detection solutions across the globe.
  • As industries begin to connect with their customers through online platforms, demand for botnet detection from these markets is estimated to increase.
  • Rising integration of Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and cloud-based solutions is likely to drive growth.
  • Based on component, the solution category is estimated to witness a CAGR of 35% through 2031 as regulatory frameworks push demand for strong security solutions.
  • In terms of enterprise size, large enterprises are anticipated to witness a CAGR of 32% through 2031 as they are more vulnerable to bot attacks due to their large data assets.
  • The botnet detection market share in the U.S. is predicted to reach 41% in 2024 as several leading industries in the country face increasing threats of bot attacks.
  • In Asia Pacific, Japan is projected to lead the market with a share of 37% in 2024 as the country is increasing its dependence on networks.

Market Attributes

Key Insights

Botnet Detection Market Size (2024E)

US$ 270.5 Mn

Projected Market Value (2031F)

US$ 1,402.4 Mn

Global Market Growth Rate (CAGR 2024 to 2031)

26.5%

Historical Market Growth Rate (CAGR 2019 to 2023)

9.2%

U.S. Botnet Detection Market Dominates as Businesses Strive to Protect Infrastructure

Country

Market Share in 2024

U.S.

41%

The botnet detection market share in the U.S. is estimated to reach 41% in 2024. The country has a high concentration of technologically innovative businesses and prominent infrastructure targets.

The U.S. witnessed a 47% increase in botnet assaults that targeted critical infrastructure sectors between 2021 and 2023, according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA). The report also revealed that the energy industry alone experienced 23,000 botnet-related occurrences in 2023. This emphasizes the country’s urgent requirement for comprehensive botnet detection technologies.

The financial industry of the U.S. has been especially vulnerable to botnet attacks, thereby increasing the demand for these solutions. The Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation stated that botnet-related financial crimes increased by 35% in North America from the previous year. Botnet detection providers in the country are focusing on offering intrusion detection and prevention systems. These assist in detecting, analyzing, and acting against irregular deviation from intelligent attacks based on user behavior.

High Dependence on Networks to Augment Japan Botnet Detection Market

Country

Market Share in 2024

Japan

37%

Japan is projected to emerge as the leading country in Asia Pacific botnet spyware industry with a share of 37% in 2024. The IT sector of Japan is rapidly growing, and the country is progressively adopting network security solutions.

As the country increases its dependence on networks, it is estimated to witness a surging adoption of botnet detection solutions. Holiday season sales in the country often experience an increase in malicious botnet attacks on e-commerce websites. These are further anticipated to create novel opportunities.

Botnet Mitigation Solutions Gain Impetus as Regulatory Framework becomes Stringent

Category

CAGR through 2031

Component- Solution

35%

In terms of component, the solution segment is predicted to emerge dominant with a remarkable CAGR of 35% during the assessment period. The introduction of complex cyber threats has increased the requirement for robust detection solutions.

As the regulatory framework becomes stringent, companies are showcasing an increasing demand for strong security measures to ensure compliance. This need for compliance propels businesses to adopt detection solutions, contributing to the dominance of the segment.

Botnet detection solutions also help in decreasing the risks related to data breaches and cyberattacks, thereby ultimately safeguarding sensitive information. As technology advances, botnet detection solutions are becoming highly effective.

Large Enterprises Seek Botnet Detectors to Protect Confidential Data

Category

CAGR through 2031

Enterprise Size- Large Enterprises

32%

By enterprise size, large enterprises are predicted to showcase a healthy CAGR of 32% through 2031. These enterprises usually have complex networks and resources that require sophisticated botnet detection solutions.

Large scale companies are more likely to be attacked by cybercriminals owing to the large data assets they possess. Such companies are also likely to invest in advanced network defense tools like Unified Threat Management (UTM), honeypot, and cloud-based botnet detection systems. They also have the capability to implement comprehensive security protocols and leverage unique technologies to detect and protect against botnets.

Market Introduction and Trend Analysis

The connected digital environment creates a high demand for advanced security solutions. Botnet detection solutions are vital in several industries including healthcare, e-commerce, and finance. They assist in protecting sensitive information, maintaining integrity, and complying with regulatory requirements by preventing any unauthorized access and mitigating potential cyber threats.

Several organizations across the globe are increasingly outsourcing their cybersecurity requirements to Managed Service Providers (MSPs). This is accelerating the development of specialized botnet detection solutions. The significant transition to cloud environments is prompting the development of cloud-based botnet detection services. These are set to provide flexibility and scalability while enhancing threat response capabilities.

Historical Growth and Course Ahead

The global botnet detection market growth stood steady at a CAGR of 9.2% during the historical period ranging between 2019 and 2023. The COVID-19 pandemic contributed to the expansion of the industry.

As businesses transitioned to remote work and all activities went online, the risks of cybersecurity attacks increased. This led large scale enterprises to adopt botnet detection solutions to protect their data.

Employees were using home networks and personal devices for work, which are usually less secure compared to corporate infrastructure. This resulted in a surge in cyberattacks, including malware attacks and credential stuffing.

The FBI reported a substantial increase in cybercrime incidents during the pandemic. Botnet driven DDoS attacks became prevalent as threat factors exploited the spike in online activity. The historical period brought a digital transformation across several industries. This transformation created vulnerabilities that botnets could easily exploit, thereby making botnet detection solutions a priority for various companies.

Market Growth Drivers

High Popularity of Remote Work Culture to Boost Demand

Lockdowns induced by the COVID-19 pandemic fostered the remote work culture, thereby raising cybersecurity attacks. It hence resulted in increased demand for botnet detection solutions.

Vulnerabilities in IoT devices made it easy for cybercriminals to hijack these devices and turn them into IoT-based botnets like Mirai. These could be used for data exfiltration campaigns or DDoS. Growth in attack surfaces pushed businesses to implement strong security measures, especially around botnet detection.

Remote work in the beginning witnessed high risk of phishing attacks where cybercriminals tricked employees into giving their login credentials. In some cases, these were also stolen by botnets to carry out credential stuffing attacks. A few companies were quick in recognizing the need to detect these automated attacks and hence turned to botnet detection platforms to identify and block any suspicious login attempts by bots.

Increasing Use of VPNs to Push Demand Worldwide

Attackers often use botnets to exploit VPN vulnerabilities to steal sensitive data, infiltrate networks, and disrupt business operations. Companies progressively adopt VPNs to secure the internet traffic of their remote employees.

While private networks assist in securing data transmissions, they also create novel potential attack vectors like botnets to target vulnerabilities in VPN solutions. They also use VPN servers as launch points for attacks. The steady rise in VPN usage has propelled businesses to invest in botnet detection systems that can monitor traffic and detect bot-driven activity attempting to exploit VPN vulnerabilities.

Market Restraining Factors

Complexity of Threat Landscape May Deter Organizations from Investments

Botnets are just one part of the growing threat landscape in the present cybersecurity environment. The evolving nature of botnets is likely to complicate detection efforts and can hence discourage companies from investing in new solutions.

Companies are also reluctant to prioritize botnet protection if they are already dealing with several other security challenges that have a higher immediate impact. Modern botnets are highly advanced and employ intricate tactics like fast-flux networks, encryption, and peer-to-peer (P2P) communication. This makes detection difficult and creates a situation where even experienced security teams struggle to accurately and efficiently identify botnet activities.

Key Market Opportunities

Rising Popularity of Managed Security Services to Foster Development

As organizations continue to face complex cyber threats, they are turning to Managed Security Service Providers (MSSPs) to assist in defending their digital infrastructure. This shift is particularly beneficial for botnet detection market revenue growth. This is because it drives demand for specialized, effective, and scalable solutions that are customized to combat botnet threats.

Lack of expertise pushes organizations to seek specialized knowledge in botnet detection. They turn to MSSPs as they have dedicated security analysts and threat hunters that have the expertise required to detect botnets across multiple sectors. As businesses are increasingly turning to MSSPs, they are investigating advanced detection technologies to provide superior-quality services to their clients.

Focus on Cybersecurity as a Business Imperative to Augment Demand

Companies are recognizing cybersecurity as a key component of their governance framework. Boardrooms are emphasizing cybersecurity to understand that attacks can have far-reaching consequences.

Executives are pushing for robust cybersecurity measures, including the adoption of botnet detection solutions to mitigate risks. Businesses are recognizing that effective cybersecurity measures can provide them with a competitive advantage in the marketplace. Consumers and partners are likely to trust companies that have robust security protocols, especially in sectors where data protection and availability are crucial.

Competitive Landscape for the Botnet Detection Market

The global botnet detection industry participants are investing in research and development activities to innovate solutions that are updated with the latest features. Companies in the industry are developing cutting-edge bot detection solutions that can detect and block malicious bots in real-time. They are diversifying their product portfolios to include solutions that are effective and efficient. They are also integrating their solutions with emerging technologies like ML, IoT, AI, and blockchain.

The market is witnessing a rise in cloud-based botnet detection services as they provide flexible and scalable solutions for businesses of all sizes. Technology providers are engaging in strategic partnerships and collaborations. Partnerships between cybersecurity firms and cloud service providers are paving the way for integration of botnet detection capabilities in cloud platforms. It is further driving innovation and broadening market reach.

Recent Industry Developments

  • In April 2024, California-based Fastly Inc. introduced Fastly Bot Management. It assists organizations in combating automated bot attacks and substantially reduces fraud, DDoS attacks, as well as other online abuse.
  • In January 2023, Forter, based in New York, announced the acquisition of Immue, a bot detection company headquartered in Tel Aviv, Israel.

Botnet Detection Market Report Scope

Attributes

Details

Forecast Period

2024 to 2031

Historical Data Available for

2019 to 2023

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa
  • Latin America

Key Market Segments Covered

  • Component
  • Enterprise Size
  • Industry
  • Region

Key Companies Profiled in the Report

  • Symantec
  • Trend Micro Inc.
  • Palo Alto Networks, Inc.
  • Fortinet, Inc.
  • FireEye
  • Akamai Technologies
  • Cloudflare, Inc.

Report Coverage

  • Market Forecast and Trends
  • Company Share Analysis
  • Competitive Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization and Pricing

Available upon request

Market Segmentation

By Component

  • Solution
    • Cloud-based
    • On-premises
  • Services
    • Professional Services
      • Consulting Services
      • Integration and Implementation
      • Support and Maintenance
    • Managed Services

By Enterprise Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By End Use

  • BFSI
  • IT and Telecom
  • Healthcare
  • Retail and E-commerce
  • Manufacturing
  • Government
  • Media and Entertainment
  • Others

By Region

  • North America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Latin America
  • Middle East and Africa

To know more about delivery timeline for this report Contact Sales

Companies Covered in This Report

  • Symantec
  • Trend Micro Inc.
  • Palo Alto Networks, Inc.
  • Fortinet, Inc.
  • FireEye
  • Akamai Technologies
  • Cloudflare, Inc.

Frequently Asked Questions

The market is set to reach US$ 1,402.4 Mn by 2031.

Botnet detection attempts to search for anomalous patterns in host and network behavior like high traffic volume and unusual system behavior.

Japan is predicted to hold a share of 37% in 2024.

Detection of bots involves the deployment of several techniques to accurately identify and differentiate between human users and bots.

Botnet activity refers to the operation of a network of infected computers that are being controlled by attackers through command and control servers.

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