Bot Security Market Estimated to Expand at a Robust CAGR By 2032 The bot security market is expected to reach US$ 2.5 Bn by 2032 from US$ 487 Mn in 2022. The market is expected to advance at a CAGR of 17.6% throughout the forecast period. The rise in bad bot traffic, rising sophistication of botnet assaults and loss of revenue for firms, traffic shift from mobile to web, and explosion in the use of APIs across businesses such as eCommerce, travel, gaming, and others are all major driving reasons for the bot security market. As per the global bot security market study by FMI, increasing botnet sophistication, a shift in traffic from mobile to web, rising awareness about data privacy, and a surge in API usage across a variety of industries, including retail and e-commerce, travel and hospitality, and telecom, are expected to drive bot security market growth over the forecast period. Botnet security solutions and services are widely used in the media and entertainment business to detect and mitigate advertising-related vulnerabilities. This reason is expected to drive the bot security industry forward. In several regions of the world, a trend of ideological and state-driven attacks targeting persons or organizations to support a political cause or carry out a cyber warfare campaign is being noted, with organizations finding it difficult to combat these attacks. Botnet attacks, according to industry analysts, may be carried out across multiple organizations around the world employing such approaches. This figure is likely to grow... (More)