Artificial Intelligence (AI) for Cybersecurity Market Statistics and Growth Prediction 2021- BAE Systems, Cisco, Fortinet, FireEye, Check Point, IBM, RSA Security, Symantec, Juniper Network

The Artificial Intelligence (AI) for Cybersecurity Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Artificial Intelligence (AI) for Cybersecurity Market with its specific geographical regions.

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Artificial Intelligence (AI) for Cybersecurity Market is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%.

Top Leading Companies of Global Artificial Intelligence (AI) for Cybersecurity Market are BAE Systems, Cisco, Fortinet, FireEye, Check Point, IBM, RSA Security, Symantec, Juniper Network, Palo Alto Networks

Market Overview

AI for security solutions involves the integration of endpoint data and analytics to gain threat intelligence, which aid to detect and expose an attack in a particular environment. With the growth in online transactions and a surge in NEFT, RTGS, coupled with mobile transactions are growing demand for security solutions. Therefore, the banking sector has noticed a significant rise in the adoption of artificial intelligence based security solutions which has helped to improve banking services.

In Asia-pacific, great strides are being made in the digital economy. But it is also causing more threat-related opportunities. According to Cisco, companies receive 6 threats every minute in APAC and 51% of all cyber attacks resulted in a loss of more than USD 1 million.

The growing penetration of the internet and shift toward digitization of the internal processes have been instrumental in driving the adoption of cloud-based services. Alongside the digital transformation in the region, owing to ineffective cyber laws and lack of cybersecurity awareness, companies in Asia-Pacific have been found to be 80% more likely to be targeted by hackers as compared to other regions.

Moreover, many countries have passed regulations and created independent programs to create a “single source of truth” and provide banks and retailers with verified customer digital identities. Examples are, Malaysia’s MyKad, Singapore’s MyInfo and Thailand’s Digital ID, all designed to facilitate and speed up identity verification. This creates a huge scope for AI in the security market.

Segment by Type
Machine Learning
Natural Language Processing
Other

Segment by Application
BFSI
Government
IT & Telecom
Healthcare
Aerospace and Defense
Other

News and Latest Developments

January 2018 - IBM and Salesforce expanded their partnership, by bringing together artificial intelligence and cloud computing platforms. This partnership is expected to expand IBM’s customer base in the cloud solutions segment.

January 2018 - Amazon's cloud business acquired Sqrrl, a security start-up with NSA roots. The founders of Sqrrl had previously worked for the US National Security Agency. This acquisition by the company is aimed at attaining business from US intelligence agencies.

ENISA AI Threat Landscape Report Unveils Major Cybersecurity Challenges- New report maps the assets and threats of Artificial Intelligence (AI), and sets a baseline for securing the AI ecosystem across Europe.

NVIDIA Launches Morpheus to Bring AI-Driven Automation to Cybersecurity Industry- GTC -- NVIDIA today announced the NVIDIA Morpheus application framework, which provides cybersecurity partners with a complete suite of accelerated AI skills that detect and prevent security threats as they happen.

KEY MARKET BENEFITS FOR STAKEHOLDERS

─The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.

─This report provides an in-depth analysis of the Global Artificial Intelligence (AI) for Cybersecurity market to identify the potential investment pockets.

─It outlines the current trends and future scenarios to determine the Artificial Intelligence (AI) for Cybersecurity market potential and gain stronger market foothold.

─Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

─Quantitative analysis of the Artificial Intelligence (AI) for Cybersecurity industry from 2015 to 2025 is highlighted to recognize the financial competency of the market.

─Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

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