The Europe Bot Security Market would witness market growth of 19.7% CAGR during the forecast period (2022-2028).
Bot security protects bots from malicious activities like unauthorized access, card fraud, credential leaks, DDoS assaults, account hacking, web scraping, data theft, and so on. Bot security provides services and solutions to protect businesses from botnet assaults by detecting and preventing them. Growing traffic of malicious bots, increased API usage, and income loss due to cyber-attacks are all propelling the bot security business forward. Due to increased digitization, a rise in the number of technological improvements, and cyber-attacks around the world, the bot security market would witness a substantial growth.
While corporate IT divisions and RPA Centers of Excellence focus on making and implementing RPA for high-value business processes, smaller RPA deployment possibilities abound. RPA suppliers have observed that several smaller functions and departments can benefit from RPA's efficiencies, but that their businesses may not prioritize them. To address this, RPA providers provide no-code, drag-and-drop GUIs that make it simple for citizen developers, ordinary business users with no prior knowledge of software development, to create applications. Citizen developers also require quick and simple techniques to verify that their applications comprise secure access to high-value resources in order to be successful. Organizations may ease citizen development by incorporating safe access to privileged credentials right into RPA automation workflows, allowing security staff to carefully control and monitor the access granted and utilized by the citizen-developed bot. This eliminates time-consuming, manual security assessment processes and guarantees that applications follow corporate security rules.
The lives of people are being transformed by digital technology. The EU's digital strategy intends to make this revolution effective for businesses and people while also contributing to the EU's 2050 goal of being carbon-neutral. The Commission is committed to making 2017 the Digital Decade for Europe. Instead of following the standards of other regions, Europe must now reinforce its digital independence and create its own, with a strong focus on technology, data, and infrastructure. For the first time in 2018, the organization announced an AI strategy and reached an agreement with the Member States on a coordinated approach.
The early effects of digitization are being noticed in Europe's economy, with some association between digital intensity and productivity growth across industries. The labor market impact is uneven, with substantial worker displacement and the growth of digital technologies that enable new methods of matching skills, working, and developing skills. Individuals, businesses, and national and European policymakers are playing a major role in hastening Europe's digital revolution.
The Germany market dominated the Europe Bot Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $90.8 million by 2028. The UK market is anticipated to grow at a CAGR of 18.7% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 20.6% during (2022 - 2028).
Based on Component, the market is segmented into Standalone Solution and Services. Based on Security Type, the market is segmented into Web Security, Mobile Security, and API Security. Based on Deployment Model, the market is segmented into Cloud and On-premise. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into Retail & E-commerce, IT & Telecom, BFSI, Government & Defense, Healthcare & Life Sciences, Travel & Tourism, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Bot Security Market Size will Hit $1.4 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akamai Technologies, Inc., Imperva, Inc., Limelight Networks, Inc., Cloudflare, Inc., Citrix Systems, Inc., Fastly, Inc., F5 Networks, Inc., Sophos Group PLC, Reblaze Technologies Ltd., and Alibaba Cloud (Alibaba Group Holdings Limited).
By Component
By Security Type
By Deployment Model
By Organization size
By Vertical
By Country
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