The Latin America, Middle East and Africa Bot Security Market would witness market growth of 22.6% CAGR during the forecast period (2022-2028).
Spider bots, often called crawlers or web spiders, use hyperlinks to navigate the internet in order to retrieve and index web material. Spiders use HTML as well as other resources, like CSS, JavaScript, and pictures, to process website content.
Botnet attacks are rapidly becoming a subject of concern all over the world. The growing number of botnet attacks throughout the world is driving up demand for botnet security. Bot security solutions are becoming increasingly popular as a way to defend and secure databases, websites, and applications. Increased bot security and protection integration into prevailing WAF (Web Application Firewalls) products and antiviruses as well as stringent government requirements on data privacy are anticipated to present significant growth prospects for major bot security market players in the coming years. Enterprise systems are hacked in a variety of ways nowadays. Bots are malicious code programs that automatically infiltrate a computer network. Because they can attack in a variety of ways, conventional network security is ineffective in stopping their malicious payloads. Bot infection strategies include installing virus-infected software, infiltrating through a worm, and more advanced methods like a "drive-by" attack, in which the computers of the user can be infected easily by visiting a website.
In the banking industry, current digital developments are expediting the introduction of virtual assistants. This necessitates new strategies to fulfill the rapidly evolving demands of African banking consumers. Since the introduction of the AI strategy, the UAE's government departments have made substantial efforts in AI integration, encompassing a wide range of applications, from automated call-center agents using chatbots to medical x-ray diagnoses utilizing machine learning to more sophisticated autonomous taxi trials. The service was developed utilizing Watson cognitive computing technology in the Dubai AI-Lab, a project led by Dubai's Department of Economic Development in collaboration with the Smart Dubai Office and IBM. This project illustrates Dubai's goal of fostering collaboration between the private sector and government departments through the formation of public-private partnerships, which is one of the city's key success factors.
The Brazil market dominated the LAMEA Bot Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20.7 million by 2028. The Argentina market is estimated to grow at a CAGR of 23.2% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 22.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bot Security Market is Predict to reach $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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