Market Overview:
The global Bot Risk Management (BRM) market is expected to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 13.9% during the forecast period. The growth of the BRM market is attributed to the increasing adoption of bots across various industries and the need for secured and reliable bot operations. The BRM market has been segmented on the basis of type, application, and region. The implementation advisory segment is expected to hold the largest share of the BRM market in 2018 owing to its ability to provide comprehensive solutions for deploying bots securely across enterprises.
 Industry Outlook.svg)
Product Definition:
Bot Risk Management (BRM) is the process of managing and mitigating the risks associated with bots. BRM is important because bots can pose a risk to an organization's security, operations, and reputation. Bot Risk Management helps organizations identify and assess the risks posed by bots, develop policies and procedures to mitigate those risks, and put those policies into action.
Implementation Advisory:
Implementation advisory is a service, which helps to improve the efficiency and effectiveness of bots by providing them with required tools and resources. It also helps in risk management, monitoring & analysis of financial transactions for bot operators. The growth factor that propels the market includes increased adoption due to benefits such as reduced operational costs, faster implementation times (for new products or features), improved customer experience along with Bot Security Improvements.
Secured BOT Assurance:
The global bot risk management market size was valued at USD 6.5 billion in 2018 and is expected to register a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of advanced technologies such as machine learning, natural language processing, and robotics for carrying out trading activities on financial markets.
Moreover, rising demand for automated trading solutions that provide high-frequency trading (HFT) capabilities is further driving the market growth.
Application Insights:
The banking application segment led the global BRM market in 2017. The growing need for managing evolving risks, such as cyber-attacks, frauds and heists, is driving the adoption of bot-based solutions to automate risk management processes in banks. For instance, UBS launched a new service - ¢â‚¬Å“Botified¢â‚¬ which helps its customers to securely access their accounts 24/7 by providing real-time responses on mobile devices and web browsers. Similarly, Barclays launched a new service - ¢â‚¬ÅœBarclays Pingit Bot Service Delivery Platform (SDPS)¢â‚¬ which enables users to create customized bot profiles for faster access to financial information on their phones or computers at any time of day or night.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to various factors such as increasing government regulations, rising cyber-attacks, and growing technological dependence among organizations. Moreover, a large number of vendors operating in this region is also contributing to the growth of the regional market.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to several upcoming events such as PyeongChang 2018 Olympics and coronavirus pandemic that has led governments across countries including China and India take measures for securing their digital assets from hackers by deploying advanced technologies like bot risk management solutions. In addition, rapidly developing economies present across this region are also expected drive demand for BRMS solutions over next eight years due to increased spending on infrastructure development projects along with rapid adoption of new technologies by enterprises operating within these economies will further boost demand for BRM services in Asia Pacific during same period (2018 - 2030).
Growth Factors:
- Increased awareness of the potential risks posed by bots and the need for bot risk management solutions among businesses of all sizes.
- The increasing sophistication of bots and their ability to evade traditional security measures, making them a more serious threat to businesses.
- The growing number of reported data breaches and cyber attacks, which has raised awareness about the importance of protecting against bot-related threats.
- The increasing use of bots by criminals for malicious activities such as online fraud, DDoS attacks, and spamming.
- The rising demand for Bot Risk Management solutions from government organizations and other sectors that are required to meet specific compliance requirements with regards to bot risk management
Scope Of The Report
Report Attributes
Report Details
Report Title
Bot Risk Management (BRM) Market Research Report
By Type
Implementation Advisory, Secured BOT Assurance, Risk Management Solution, Managed Services
By Application
IT Automation, Banking, Energy & Resources, Health Care, Others
By Companies
Akamai, Distil Networks, PerimeterX, Shape Security, ShieldSquare, ThreatMetrix, White Ops
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Bot Risk Management (BRM) Market Report Segments:
The global Bot Risk Management (BRM) market is segmented on the basis of:
Types
Implementation Advisory, Secured BOT Assurance, Risk Management Solution, Managed Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT Automation, Banking, Energy & Resources, Health Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akamai
- Distil Networks
- PerimeterX
- Shape Security
- ShieldSquare
- ThreatMetrix
- White Ops
 Market Overview.svg)
Highlights of The Bot Risk Management (BRM) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Implementation Advisory
- Secured BOT Assurance
- Risk Management Solution
- Managed Services
- By Application:
- IT Automation
- Banking
- Energy & Resources
- Health Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bot Risk Management (BRM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bot Risk Management (BRM) is a process that helps organizations identify, assess, and manage the risk associated with bots. BRM includes identifying bot threats and vulnerabilities, developing policies and procedures to mitigate those risks, monitoring bot activity to detect malicious behavior, and responding quickly when incidents occur.
Some of the major players in the bot risk management (brm) market are Akamai, Distil Networks, PerimeterX, Shape Security, ShieldSquare, ThreatMetrix, White Ops.
The bot risk management (brm) market is expected to grow at a compound annual growth rate of 13.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bot Risk Management (BRM) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bot Risk Management (BRM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bot Risk Management (BRM) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bot Risk Management (BRM) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bot Risk Management (BRM) Market Size & Forecast, 2020-2028
4.5.1 Bot Risk Management (BRM) Market Size and Y-o-Y Growth
4.5.2 Bot Risk Management (BRM) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Implementation Advisory
5.2.2 Secured BOT Assurance
5.2.3 Risk Management Solution
5.2.4 Managed Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 IT Automation
6.2.2 Banking
6.2.3 Energy & Resources
6.2.4 Health Care
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bot Risk Management (BRM) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bot Risk Management (BRM) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Implementation Advisory
9.6.2 Secured BOT Assurance
9.6.3 Risk Management Solution
9.6.4 Managed Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 IT Automation
9.10.2 Banking
9.10.3 Energy & Resources
9.10.4 Health Care
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Implementation Advisory
10.6.2 Secured BOT Assurance
10.6.3 Risk Management Solution
10.6.4 Managed Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 IT Automation
10.10.2 Banking
10.10.3 Energy & Resources
10.10.4 Health Care
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Implementation Advisory
11.6.2 Secured BOT Assurance
11.6.3 Risk Management Solution
11.6.4 Managed Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 IT Automation
11.10.2 Banking
11.10.3 Energy & Resources
11.10.4 Health Care
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Implementation Advisory
12.6.2 Secured BOT Assurance
12.6.3 Risk Management Solution
12.6.4 Managed Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 IT Automation
12.10.2 Banking
12.10.3 Energy & Resources
12.10.4 Health Care
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Implementation Advisory
13.6.2 Secured BOT Assurance
13.6.3 Risk Management Solution
13.6.4 Managed Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 IT Automation
13.10.2 Banking
13.10.3 Energy & Resources
13.10.4 Health Care
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bot Risk Management (BRM) Market: Competitive Dashboard
14.2 Global Bot Risk Management (BRM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akamai
14.3.2 Distil Networks
14.3.3 PerimeterX
14.3.4 Shape Security
14.3.5 ShieldSquare
14.3.6 ThreatMetrix
14.3.7 White Ops
