Market Research Future (MRFR) has published on the “Global AI in Cybersecurity Market”
that contains information from 2018 to 2032. The AI in Cybersecurity market is estimated to register a CAGR of 22.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global AI in cybersecurity market— NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation
The global AI in cybersecurity market is accounted to register a CAGR of 22.50% during the forecast period and is estimated to reach USD 96.3 Billion by 2032.
Owing cyber threats are becoming more sophisticated, the market for AI in cybersecurity is expanding significantly. Artificial intelligence (AI) tools like machine learning and natural language processing are being used to quickly identify and stop cyberattacks. The market is being driven by organisations' increasing adoption of AI-powered security solutions to strengthen their defences and safeguard critical data.
Access full report @ https://www.marketresearchfuture.com/reports/ai-in-cybersecurity-market-11797
The global AI in cybersecurity market has been segmented based type, offering, technology, vertical and application.
On the basis of type, the market is segmented into network security, endpoint security, application security, and cloud security. In 2022, the global market was dominated by the network security segment. The growing popularity of machine learning and artificial intelligence algorithms is the cause of the significant sector share.
Based on offering, the global AI in cybersecurity market has been segmented into hardware, software, and services In 2022, the services segment will rule the worldwide market. The services industry is predicted to play a crucial role in assisting the growth of the global AI in cybersecurity market.
Based on technology, the global AI in cybersecurity market has been segmented into machine learning, natural language processing (NLP), and context-aware computing In 2022, the machine learning category dominated the whole market. Machine learning technology will expand quickly as deep learning becomes more common in all end-use industries.
Based on vertical, the global AI in cybersecurity market has been segmented into BFSI, retail, government & defense, manufacturing, enterprise, healthcare, automotive & transportation, and others. In 2022, the enterprise segment led the global market for AI in cybersecurity. However, the BFSI sector may develop into a sizable market for cyber AI in order to prevent data leaks, thwart cyberattacks, and enhance security.
Based on application, the global AI in cybersecurity market has been segmented into identity and access management, risk and compliance management, data loss prevention, unified threat management, fraud detection/anti-fraud, threat intelligence, and others. Fraud detection/anti-fraud segment dominated the global AI in Cybersecurity market in 2022. The use of AI in cybersecurity will be encouraged for fraud prevention and anti-fraud measures.
The global AI in Cybersecurity market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe AI in Cybersecurity market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The AI in Cybersecurity market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World AI in Cybersecurity market comprises of Middle East, Africa, and Latin America.
The largest market share for AI in Cybersecurity was maintained by the North American regional sector. The adoption of Iot, 5G, and Wi-Fi 6 is mostly to blame for the rise in network-connected devices. Businesses in the automotive, healthcare, government, energy, and mining sectors have propelled the construction of the 5G network, which might be a point of access for hackers.
Moreover, the Europe In 2022, AI in the cybersecurity market held a sizable market share. The reasons for this include increased cybercrime instances in the government, healthcare, automotive, and IT & telecommunications sectors, as well as strict government laws. For instance, the United Kingdom said in November 2020 that it would spend £16.5 billion (USD 21.8 billion) over four years on connected gadgets with AI and several sensors.
Additionally, from 2023 to 2032, the Asia Pacific AI in Cybersecurity market is anticipated to grow significantly. The region's economy is expanding swiftly, there is a growing demand for connected devices, companies are becoming more concerned about cybersecurity, cutting-edge technologies like IoT, 5G, and cloud computing are widely utilised, and there are growing privacy and security issues.
Furthermore, the rest of the world's AI in Cybersecurity market is divided into the Middle East, Africa, and Latin America. Latin America (LATAM) is experiencing steady expansion in the AI in cybersecurity industry as businesses in the region realise the value of cutting-edge security solutions. Adoption of AI technologies like machine learning and behavioural analytics is being driven by the rise in cyber threats and the necessity for effective defence systems.
Key Findings of the Study