AI in the Cyber Security Market is Going to Boom |(CAGR) of 28.2%| Check Point Software Technologies Ltd., Juniper Networks, Inc., Intel Corporation

The global AI in the cyber security market size was US$ 16.0 billion in 2020. The global AI in the cyber security market is forecast to reach the value of US$ 189.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 28.2% during the forecast period from 2021-2030.

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Different technologies are used to protect organizations against cybercrime. These technologies include natural language processing, machine learning, and image processing, etc.

Factors Influencing

Favorable government regulations towards data privacy are forecast to fuel the market growth.
Prominent market players in the AI in the cybersecurity industry are investing in R&D activities to introduce technologically advanced systems. These systems would perform web filtering, anomaly detection, intrusion detection and prevent users from data loss. Thus, the advancements would surge the demand for AI in cyber security.
The evolution of beneficial digital solutions and the rising adoption of cloud-based technology would propel the market growth in the coming years.
Rising cases of cyber-attacks would contribute to the growth of global AI in the cyber security market.
The limited budget for cybersecurity, mainly in developing and underdeveloped countries, is forecast to propel market growth.

Geographic Analysis

Regionally, North America is forecast to dominate the AI in the cybersecurity market in terms of revenue. It is due to the increasing number of mobile malware attacks. Moreover, the rapidly growing use of internet-connected devices is forecast to create significant opportunities for the market players in the region. The Asia-Pacific region is forecast to record significant growth in the global AI in the cyber security market. It is due to the growing cybercrimes and rising digitalization. Moreover, various organizations are adopting these technologies to ensure the security of data. Thus, it would drive the growth of global AI in the cyber security market.

COVID-19 Impact Analysis

The sudden onset of the COVID-19 epidemic altered the entire growth landscape for many industries. Organizations had to change the mode of operation to survive in the market. As various organizations adopted remote methods to keep working, the demand for data security suddenly increased. Thus, the epidemic is forecast to have a positive impact on the global AI in the cyber security market. The use of cloud-based solutions increased during the pandemic. Market players in the global AI in the cyber security market witnessed a surging demand from small, medium, and large enterprises. Moreover, the fraudulent activities rapidly increased during the pandemic, which increased the demand for efficient security solutions. Thus, the global AI in the cyber security market is forecast to grow due to the COVID-19 epidemic.

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Competitors in The Market

Check Point Software Technologies Ltd.
Juniper Networks, Inc.
Intel Corporation
RSA Security LLC
Palo Alto Networks, Inc.
Fortinet, Inc.
IBM Corporation
FireEye, Inc.
BAE Systems Plc
Cisco Systems Inc.
Symantec Corporation
Other prominent players

Market Segmentation

Insight by Technology

Natural Language Processing
Speech Recognition
Machine Learning
Image Processing

Insight by Service Type

Identity and Access Security Services
Network Security Services
Cloud Security Services
Data Security Services
Others

Insight Application

Firewall
Distributed Denial of Services
Anomaly Detection
Web Filtering
Intrusion Detection
Data Loss Prevention

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Insight by Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the ICT market at the end of the forecast -period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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This release was published on openPR.