What are Key Factors Fuelling Growth in Global Artificial Intelligence (AI) in Cyber Security Market? Key Players are RSA Security, IBM, Symantec, Palo Alto Networks, Fortinet, Inc., FireEye, Inc., Check Point Software Technologies, Ltd., Cisco, Juniper N

Due to the increasing incidence of cyber crimes across the globe, the adoption of artificial intelligence (AI) in cyber security is expected to rise in the coming years. Since the last few years, the occurrence of cyber crimes and frauds, including card payment and identity thefts, has increased significantly, which has, in turn, boosted the incorporation of AI in cyber security. This is primarily due to the ability of AI-based solutions to tackle cyber fraud by reducing the response time, identifying threats, and providing refining techniques that help in distinguishing attacks requiring quick response.

Top Key Players are Artificial Intelligence (AI) in Cyber Security Market:
1- RSA Security
2- IBM
3- Symantec
4- Palo Alto Networks
5- Fortinet, Inc.
6- FireEye, Inc.
7- Check Point Software Technologies, Ltd.
8- Cisco
9- Juniper Networks

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Mid-tier companies, owing to their weaker security systems and lower investments in cyber security, as compared to the larger organizations, are facing frequent cyber attacks. These attacks are causing these companies to lose millions of dollars in revenue every year, which is further driving the adoption of AI in cyber security. As a result, the global AI in cyber security market is predicted to exhibit exponential growth in the coming years.

The biggest rage currently being witnessed in the AI in cyber security market is the growing utilization of cloud in cyber security. This is mainly due to the ability of cloud-based solutions to provide improved intelligence gathering, threat modeling, data collaboration, and protection against attacks and to minimize the time between detection and remediation, which enhances the security of the communication channel. Moreover, cloud-based cyber security solutions are cost-effective and affordable for large organizations and small and medium-sized enterprises.

Globally, the fastest growth in the adoption of AI in cyber security is expected to be witnessed in the Asia-Pacific (APAC) region in future. This is attributed to the rising number of cyber crimes, such as phishing, identity theft, and malicious attacks, in the region. Moreover, the presence of major industries such as financial and banking services, healthcare, construction, and engineering, which can suffer huge losses due to their high susceptibility to threats and attacks, are further pushing the incorporation of AI-powered cyber security measures in the region.

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ARTIFICIAL INTELLIGENCE IN CYBER SECURITY MARKET
By Service Type
o Network Security
o Data Security
o Identity and Access Security
o Cloud Security
By Technology
o Machine Learning
o Natural Language Processing
o Image Processing
o Speech Recognition
By Application
o Anomaly Detection
o Firewall
o Intrusion Detection
o Distributed Denial of Services
o Data Loss Prevention
o Web filtering
o Others
By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o MEA

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