PerimeterX (US) and ShieldSquare (India) are the Major Players in the Botnet Detection Market
The global botnet detection market size is expected to grow from USD 203.2 Million in 2018 to USD 1,191.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 42.4%, owing to an increasing need for security against increasing bad bot traffic. With the rising number of smartphone users and increasing adoption of APIs, the botnet detection market is expected to gain significant traction during the forecast period.
Major players in the botnet detection market include Akamai Technologies (US), Imperva (US), Distil Networks (US), PerimeterX (US), ShieldSquare (India), Unfraud (US), Instart Logic (US), Pixalate (US), AppsFlyer (US), Intechnica (UK), Zenedge (US), Reblaze (Israel), White Ops(US), Shape Security (US), Integral Ad Science (US), InfiSecure (India), DataDome (France), CriticalBlue (UK), Digital Hands (US), Variti (Switzerland), Stealth Security (US), Unbotify (Israel), Kasada (Australia), Mfilterit (India), and White Diagnostic (US).
These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; acquisitions; and new product launches, to further expand their presence in the global botnet detection market.
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PerimeterX is one of the leading global providers of behavior-based bot protection and mitigation solutions for web, mobile, and API. Moreover, being one of the early entrants in the market and through extensive R&D, the company has gained leadership position in the market with offerings that cover all bot attack use cases. The company’s cutting-edge AI and machine learning technology provides the highest level of accuracy in detecting and blocking bots in real time, irrespective of their scale. For its innovative and powerful bot protection offerings, the company secured USD 23 million in a Series B funding, led by Canaan Partners with participation from existing investors (Vertex Ventures and Data Collective [DCVC]) in July 2017, bringing the total funding to USD 35 million. Through the funding, the company aims to further expand its business in the US as well as globally, and enhance its platform to cater new use cases related to the bot protection and more industry verticals.
ShieldSquare is one of the pioneers in the botnet detection marketspace. Since its foundation, the company has expanded its business significantly across the globe. The company’s bot prevention solution, which is developed on advanced machine learning technologies, offers a high level of security, low latency, and zero false-positives. This solution enables protection for websites and mobile apps, which ensures complete security to its client companies against bots. ShieldSquare also offers a partner program for resellers and service providers whose clients run online businesses. According to the company, the exponential increase in the number of online businesses and bot attacks on these websites has triggered a great demand for efficient and accurate botnet detection solutions. Hence, the company is strongly focusing on its R&D to offer best-in-class botnet detection solutions in the market and meet the demand of online businesses for better bot protection solutions. Several website owners across the globe with the diverse bot protection needs have used the company’s solution in resolving all their bot related issues.
Related Reports:
Botnet Detection Market by Component (Standalone Solution, Service), Application Area (Website Security, Mobile App Security, API Security), Deployment Mode (Cloud, On-Premises), Organization Size, Industry Vertical, and Region - Global Forecast to 2023
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