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Artificial Intelligence in Cybersecurity Market Poised for Exponential Growth with a Projected CAGR of 27.8% (2022-2030)

02-23-2024 08:01 AM CET | IT, New Media & Software

Press release from: Acumen Research and Consulting

Artificial Intelligence in Cybersecurity Market Poised

Introduction:
What exactly is Artificial Intelligence in Cybersecurity? It's the integration of AI technologies to enhance cybersecurity measures, allowing rapid identification of new malware traffic or hacking attempts. The global market was valued at USD 14.9 billion in 2021 and is projected to soar to USD 133.8 billion by 2030. The AI in Cybersecurity Market is deeply intertwined with various digital applications, emphasizing the use of AI to augment human expertise in identifying and countering cyber threats. With the rise of digital technologies across numerous industry verticals, the potential for this market continues to grow, aiming for enhanced security measures and operational efficiency. However, challenges such as the lack of skilled AI professionals and limited security budgets persist. Yet, the demand remains robust as AI in cybersecurity becomes crucial for businesses aiming for top-notch digital security. Leading companies like IBM Corporation, NVIDIA Corporation, and Intel Corporation are at the forefront of these innovations.

Key Points and Statistics on the Artificial Intelligence in Cybersecurity Market:
● The global AI in cybersecurity market size is set to burgeon to USD 133.8 Billion by 2030, growing at a CAGR of 27.8% from 2022 to 2030.
● AI in cybersecurity is pivotal in identifying and countering new malware traffic and hacking attempts.
● The market is witnessing a surge in competitors. However, staying ahead requires innovative R&D to enhance AI capabilities and efficiency.
● Notable players in the market encompass IBM Corporation, NVIDIA Corporation, Intel Corporation, and many others.

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Artificial Intelligence in Cybersecurity Market Overview and Analysis:
AI in cybersecurity, though seemingly specialized, is a transformative technology reshaping industries from finance to healthcare. As businesses increasingly adopt AI for cybersecurity measures, the market's momentum is undeniable. The AI in Cybersecurity Market is committed to developing solutions that bolster the security and resilience of digital infrastructures across various sectors. However, the market's growth could be hindered by challenges such as the dearth of AI expertise and fluctuating budgets. In essence, AI in cybersecurity is becoming an indispensable tool in contemporary digital practices, offering myriad advantages while also confronting certain challenges. The market's trajectory is upward, propelled by technological breakthroughs and surging demand from diverse sectors.

Latest AI in Cybersecurity Market Trends and Innovations:
Technological advancements are ushering in more potent and versatile AI solutions. For instance, machine learning, a subset of AI, is gaining traction due to its ability to handle vast amounts of data and perform intricate calculations. The finance sector, among others, is a significant beneficiary of AI in cybersecurity, using it to fortify their digital assets and operations. Continuous R&D is leading to the debut of pioneering AI solutions tailored for various industrial applications.

Major Growth Drivers of the AI in Cybersecurity Market:
The escalating sophistication of cyber-attacks and the surge in cyber frauds and hacking are primary growth drivers. The rapid digitalization in sectors like banking and finance necessitates robust cybersecurity measures, further fueling the market's growth.

Key Challenges Facing the AI in Cybersecurity Industry:
Challenges such as the scarcity of skilled AI professionals and limited awareness about AI in cybersecurity can impede market growth. Moreover, the rising use of social media for business operations and increasing government investments in AI adoption present both opportunities and challenges.

Market Segmentation Insights:

● Based on Technology:
○ Natural Language Processing
○ Context-Aware Computing
○ Machine Learning

● Based on Deployment Model:
○ On-Premise
○ Cloud

● Based on Security Type:
○ Endpoint Security
○ Network Security
○ Cloud Security
○ Application Security

Overview by Region of the AI in Cybersecurity Market:
While North America currently dominates the AI in cybersecurity market, regions like Asia-Pacific, driven by countries like China and India, are showing rapid growth due to increased digitalization.

Artificial Intelligence in Cybersecurity Market Table of Content:
CHAPTER 1. Industry Overview of Artificial Intelligence in Cybersecurity Market

CHAPTER 2. Research Approach

CHAPTER 3. Market Dynamics And Competition Analysis

CHAPTER 4. Artificial Intelligence in Cybersecurity Market By Offering

CHAPTER 5. Artificial Intelligence in Cybersecurity Market By Deployment Model

CHAPTER 6. Artificial Intelligence in Cybersecurity Market By Technology

CHAPTER 7. Artificial Intelligence in Cybersecurity Market By Application

CHAPTER 8. Artificial Intelligence in Cybersecurity Market By Security Type

CHAPTER 9. Artificial Intelligence in Cybersecurity Market By End-User

CHAPTER 10. North America Artificial Intelligence in Cybersecurity Market By Country

CHAPTER 11. Europe Artificial Intelligence in Cybersecurity Market By Country

CHAPTER 12. Asia Pacific Artificial Intelligence in Cybersecurity Market By Country

CHAPTER 13. Latin America Artificial Intelligence in Cybersecurity Market By Country

CHAPTER 14. Middle East & Africa Artificial Intelligence in Cybersecurity Market By Country

CHAPTER 15. Player Analysis Of Artificial Intelligence in Cybersecurity Market

CHAPTER 16. Company Profile

List of Key Players in the Global Market:
The roster of leading companies includes IBM Corporation, NVIDIA Corporation, Intel Corporation, and others.

Footnote:
The AI in cybersecurity domain might appear specialized, but its significance is paramount. This technology equips businesses across industries to fortify their digital assets in innovative and cost-effective ways. Given its value proposition, the market is set for sustained growth.

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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