Press release
Artificial Intelligence (AI) in Cyber Security Market Booming Worldwide with Latest Trend and Future Scope by 2029-BAE Systems,Cisco,Fortinet
The global artificial intelligence (AI) in cybersecurity market size was evaluated at USD 17.4 billion in 2022 and is expected to hit around USD 102.78 billion by 2029, growing at a CAGR of 19.45% between 2023 and 2029.
Some of the Major Key players profiled in the study are Players and Others.
The global Artificial Intelligence (AI) in Cyber Security Market offers an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region are charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.BAE Systems,Cisco,Fortinet,FireEye,Check Point,IBM,RSA Security,Symantec,Juniper Network,Palo Alto Networks and others
Industry News:
In September 2022, NVIDIA launched NVIDIA IGX, which is a platform for high-precision edge AI, bringing advanced security and proactive safety to sensitive industries such as manufacturing, logistics and healthcare.
In November 2021, IBM launched QRadar XDR Connect which is a cloud-native, open XDR solution. Advanced analytics, along with artificial intelligence (AI), automation, and connected workflows from XDR offer deeper insights, quick action, and automatic response to stop and slow the progression of threats.
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Key Offerings:
Market Size & Forecast by Revenue | 2023-2029
Market Dynamics - Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation - A detailed analysis By Type, By End-Use, By Application, and By Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
Global Artificial Intelligence (AI) in Cyber Security Market Segmentation:
Market Segmentation: By Type
Machine Learning
Natural Language Processing
Other
Market Segmentation: By Application
BFSI
Government
IT & Telecom
Healthcare
Aerospace and Defense
Other
Market Dynamics:
Drivers
AI security solutions not only offer greater security than human capabilities, but they also speed up the acknowledgment and identification processes for cyberfrauds. As a result, the usage of AI technology in the cyber security market is anticipated to increase along with the rise in cyber security risk incidents. The opportunity aspects for the global market, on the other hand, are the rise in demand for cloud-based security solutions among small and medium-sized organizations and the increased usage of digital media for business expansion.
Cybersecurity technology uses artificial intelligence to quickly evaluate systems in order to pinpoint the computer system's vulnerabilities and business network. Additionally, it enables companies to concentrate on crucial security tasks, making it simple to control vulnerabilities and timely secure corporate systems. The security of technological advancements and crucial infrastructure is ensured by artificial intelligence in cybersecurity; as a result, businesses are significantly increasing their AI cybersecurity budgets, supporting business approaches with cybersecurity plans, and developing cyber alertness programs for clients and staff.
Restraints
Major sectors are investing in AI, but because they lack qualified internal staff, they are unable to put their AI ideas into practice. Implementing an AI system necessitates technical know-how, which aids AI in handling complex machine reasoning, talent search with applications, and client model implementation. When it comes to filling AI talent shortages, recruitment and skill-upgrading issues are interwoven. Without a doubt, a shortage of trained talent is anticipated to be the biggest challenge to the advancement of AI projects across industries, followed by a lack of funding, a lack of access to the appropriate technology, and a lack of access to user data.
A network attack known as an advanced persistent threat (APT) occurs when an unauthorized user logs onto a network and uses it for an extended period of time without being detected. A true defense against sophisticated, contemporary dangers cannot rely on older viruses or attacks. As a result, AI's inability to defend against sophisticated threats is causing a market limitation.
The following areas and countries are covered in the worldwide Artificial Intelligence (AI) in Cyber Security market file:
-North America (United States, Canada and Mexico)
-Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
-Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
-South America (Brazil, Argentina, Colombia, and Rest of South America)
-Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
North America being a technologically advanced region, tops the world in terms of the presence of security vendors and cyber incidents. North America is the early adopter of cybersecurity solutions and services across the world. Increasing instances of cyberattacks are identified as the most crucial economic and national security challenge by governments in the region. Businesses in this region top the world in terms of adoption of advanced technologies and infrastructures, such as cloud computing, big data analytics, and IoT. The attacks are increasing dramatically and becoming more sophisticated in nature, and targeting business applications in various industries. Sophisticated cyberattacks include DDoS, ransomware, bot attacks, malware, zero-day attacks, and spear phishing attacks. Growing trends, such as IoT, Internet of Everything (IoE), Industrial Internet of Things (IIoT), and BYOD, have brought tremendous growth in the region, but have also triggered the rise in cyberattacks and added more complexities and concerns for enterprises. The rise in threats and vulnerabilities, and government compliances have made North America the most lucrative market for different categories of vendors.
Major Points Covered in Table of Contents:
- Artificial Intelligence (AI) in Cyber Security Market Overview
- global Artificial Intelligence (AI) in Cyber Security Market Competition by Manufacturers
- Capacity, Production, Revenue (Value) by Region (2017-2022)
- Supply (Production), Consumption, Export, Import by Region (2017-2022)
- Production, Revenue (Value), Price Trend by Type
- Artificial Intelligence (AI) in Cyber Security Market Analysis by Application
- Artificial Intelligence (AI) in Cyber Security Manufacturers Profiles/Analysis
- Artificial Intelligence (AI) in Cyber Security Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Artificial Intelligence (AI) in Cyber Security Market Forecast (2023-2029)
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Highlighting points of Global Artificial Intelligence (AI) in Cyber Security Market Report:
The global market report provides an exhaustive qualitative and quantitative analysis to provide insight into the industry.
This Artificial Intelligence (AI) in Cyber Security market insight includes data from significant participants such as marketers, industry experts, and investors.
The market report's objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs.
Trends and drivers are discussed in the Artificial Intelligence (AI) in Cyber Security Market Report
The global market report delivers an overview of the global competitive environment.
It provides details about the market, its share, and revenue.
Report Includes Following Questions:
-What is the anticipated growth rate of the global market in the forecast period?
-Which regional segment is estimated to account for a massive share of the global Artificial Intelligence (AI) in Cyber Security Market?
-What are the primary driving factors of the global Market?
-Which current trends are likely to offer promising growth prospects in the next few years?
-How is the competitive landscape of the global Artificial Intelligence (AI) in Cyber Security Market at present?
-How has the covid-19 impacted the growth of the?
-Which latest trends are anticipated to offer potential growth prospected in the coming years?
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