Increasing Digital Transformations among Organizations Propel the Need for Artificial Intelligence (AI)-based Cyber Security Solutions

The Global Artificial Intelligence (AI) in Cyber Security Market is projected to grow at around 22.60% CAGR during 2022-27, says MarkNtel Advisors in their research report. The growth of the market owes primarily to the increasing inclination of organizations toward digitalization, i.e., increasing their dependency on online networks and making data more vulnerable to cybersecurity risks.

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Key Questions Answered in the Study
1. What are the current & future trends in the Global Artificial Intelligence (AI) in Cyber Security Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Artificial Intelligence (AI) in Cyber Security Market?
5. What are the customer orientation, purchase behavior, and expectations from Artificial Intelligence (AI) in Cyber Security solution providers across the globe?

Since organizations extensively share vast data in external & internal environments, they are more prone to cyber threats. These attacks & threats hamper a company's critical data, reputation, competitive advantage, and finances. Furthermore, rising dependency on cloud-based solutions is exposing organizations to cyber threats, which, in turn, is surging the demand for Artificial Intelligence (AI)-based Cyber Security solutions and driving the global market through 2027, further states the research report, "Global Artificial Intelligence (AI) in Cyber Security Market Analysis, 2022."
Data Loss Prevention (DLP) Application to Witness the Fastest Growth during 2022-27

Of them all, the demand for AI-based Data Loss Prevention (DLP) solutions is anticipated to observe the fastest growth rate in the forecast period. It owes principally to the crucial role of the DLP application that identifies, monitors, and protects the data while it's stored or shared online. Besides, numerous organizations have laid out specific data security policies and made it mandatory for IT personnel to abide by them. Hence, companies are actively adopting AI-based DLP solutions and contributing to the overall market growth.

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IT & Telecommunication & Healthcare Contribute Significantly to the Global Artificial Intelligence (AI) in Cyber Security Market

Consistent advancements in the Internet of Things (IoT), cloud, and telecommunication sectors are the prime aspects contributed to the dominance of the IT & Telecommunication sector in the global market. On the other hand, the Healthcare sector is expecting fastest growth in the market during 2022-27, owing principally to various advancements in the Healthcare Information Technology (HCIT) entwined with the growing data breaches & compromised electronic health records, especially by fraudulent insurance companies, reveals MarkNtel Advisors in their research report, "Global Artificial Intelligence (AI) in Cyber Security Market Analysis, 2022."

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Artificial Intelligence (AI) in Cyber Security Market are BAE Systems plc, RSA Security LLC, IBM Corporation, Palo Alto Networks Inc., Fortinet Inc., FireEye Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Juniper Network Inc., Acalvio Technologies Inc., Darktrace Limited, Amazon Web Services Inc., NVIDIA Corporation, Cylance Inc., and Securonix Inc.

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Market Segmentation:
1. By Application (Identity and Access Management (IAM), Universal Transverse Mercator (UTM), Data Loss Prevention (DLP), Security & Vulnerability Management, Antimalware Fraud Detection, Intrusion detection, and Threat intelligence)
2. By Technology (Machine Learning, Natural Language Processing, Image Processing, Voice Recognition, Robotics, and Cognitive Computing)
3. By Component (Hardware (Networking Solution, Memory Solution, Processors), Software (AI for Network Threat Identification, AI Email Monitoring, AI-based Antivirus Software, AI-based User Behavior Modelling, and AI for Fighting AI Threats), and Services (Threat & Vulnerability, System & Network Security, and Data & Application Security))
4. By Deployment (On-Premise and Cloud)
5. By Security Type (Critical Infrastructure Cybersecurity, Network Security, Cloud Security, Internet¬ of Things Security, and Application Security)
6. By End-User (BFSI, Retail, IT & Telecommunication, Healthcare, Manufacturing, and Government & Defense)
7. Others (Resources & Utilities, Education, Automotive & Transportation))
8. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
9. By Countries (US, Canada, Mexico, Brazil, Argentine, Italy, Spain, Germany, France, UK, South Africa, UAE, Saudi Arabia, China, India, Japan, Australia, and Others)
10. By Competitors (BAE Systems plc, RSA Security LLC, IBM Corporation, Palo Alto Networks Inc., Fortinet Inc., FireEye Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Juniper Network Inc., Acalvio Technologies Inc., Darktrace Limited, Amazon Web Services Inc., NVIDIA Corporation, Cylance Inc., Securonix Inc.)

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