Page 27 - Cyber Defense eMagazine August 2023

Bot Security: The Hunt for Vulnerabilities in

The Digital Realm and The Burgeoning Need

to Safeguard Users, Businesses, And Global

Economies

By Mohit Shrivastava, ICT Chief Analyst, Future Market Insights

Bots have incorporated themselves into our online experiences in the ever-expanding digital world. Bots
have altered the way we engage with technology, from customer service and virtual assistants to
automated operations. Our way of living and working has undergone a profound transformation due to
the emergence of intelligent bots with abilities powered by machine learning and artificial intelligence.
These bots can comprehend real language, assess emotions, and respond based on context, offering
personalized experiences that were earlier unimaginable.

The usage of bots is growing, but with it emerge new difficulties, notably in the domain of security. In
order to maintain the integrity and safety of our digital environment, bot security is essential.

According to Future Market Insights (FMI), a leading market research firm, the global bot security market
size is predicted to surpass US$ 666.7 million in 2023. It is projected to attain a valuation of US$ 3,624.5
million by 2033, clocking a CAGR of 18.3% from 2023 to 2033.

Cyber Defense eMagazine – August 2023 Edition 27
Copyright © 2023, Cyber Defense Magazine. All rights reserved worldwide.