USD 154.8 Billion AI in Cybersecurity Market Reach by 2032 at 23.6% CAGR

According to the report published by Allied Market Research, The USD 154.8 Billion AI in Cybersecurity Market Reach by 2032 at 23.6% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

The global AI in cybersecurity market growth is attributed to factors such as the rise in demand for enhanced security solutions, the increasing number of cyber-attacks in several industries, and the rising adoption of digitalization in security solutions. However, the high implementation cost of AI in cybersecurity solutions, and the dearth of skilled cybersecurity experts and education hamper market growth. Furthermore, increasing investments and innovation strategies and the surge in demand for real-time threat detection is anticipated to provide lucrative growth opportunities for the global AI in cybersecurity market in the upcoming years.

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The global AI in cybersecurity market was valued at $19.2 billion in 2022, and is projected to reach $154.8 billion by 2032, growing at a CAGR of 23.6% from 2023 to 2032.

The AI in cybersecurity market is segmented into offering, deployment mode, security type, technology industry vertical, and region. By offering, it is bifurcated into hardware, software and service. By deployment mode, it is divided into on-premises and cloud. By security type, it is categorized into network security, endpoint security, application security, and cloud security. By technology, it is segregated into machine learning (ML), natural language processing (NLP), and content-aware computing. By industry vertical, the market is classified into BFSI, retail and e-commerce, healthcare, automotive & transportation, government and defense, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on offering, the software segment held the highest market share in 2022, accounting for nearly half of the global AI in cybersecurity market revenue and is estimated to retain its lion's share throughout the forecast period. The same segment would also display the fastest CAGR of 26.0% during the forecast period. The adoption of AI in cybersecurity continues to grow across various industries and rising demand for software services to build and deploy new security systems.

Based on deployment type, the on-premise segment accounted for the largest share in 2022, contributing to more than three-fifths of the global AI in cybersecurity market revenue, and is expected to maintain its lead position during the forecast period. As on-premise deployment mode may provide an extra level of security to the organizations. These factors further drive the demand for this segment in the global market. However, the cloud segment would portray the fastest CAGR of 26.2% from 2023 to 2032. This is due to the increase in the adoption and susceptibility of wireless networks, as facilities increasingly rely on wireless networks for data transfer.

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Based on region, North America garnered the major market share in 2022, holding nearly two-fifths of the global AI in cybersecurity market revenue. The region's robust industrial sector, including manufacturing, automotive, and logistics, has been an early adopter of AI in cybersecurity that is anticipated to propel the growth of the market, which is further anticipated to propel the growth of the market in this region. However, the Asia-Pacific region is expected to maintain its dominance during the forecast period. The same region would also cite the fastest CAGR of 27.7% from 2023 to 2032. As the key players are investing heavily in automation and AI in cybersecurity to enhance productivity, improve efficiency, and address labor shortages are expected to provide lucrative growth opportunities for the market in this region, which is expected to provide lucrative growth opportunities for the market in this region.

The market players operating in the AI in cybersecurity market analysis are Intel Corporation, IBM Corporation, NVIDIA Corporation, Samsung Electronics Co. Ltd., Amazon Web Services, Inc., Palo Alto Networks, Inc., Microsoft Corporation, Cisco Systems, Inc., Micron Technology Inc., and Gen Digital Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the AI in cybersecurity industry globally.

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COVID-19 Scenario:

● The COVID-19 pandemic had a significant impact on the global AI in cybersecurity industry. The increasing adoption of real-time threat detection solutions in security operations has proliferated the demand for AI in cybersecurity market. It is the key to optimizing cyber security processes with the integration of advanced technologies such as AI, ML, and including cloud solutions.

● Furthermore, there is a rise in the need for proactive and prompt threat identification and response in organizations, as cyber-attacks expand and become more complex and prevalent. Leveraging automation trends and the use of smart data in security solutions could lead to advanced real-time threat protection. These factors have propelled the growth of AI in cybersecurity solutions among industries.

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