Press release
Shielding Cyberspace: AI in Cybersecurity Market Explored - Detailed Overview, Segmentation, and Growth Factors with Future Projections Revealed
AI In Cybersecurity Market
AI In Cybersecurity Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $62.56 billion In 2028 At A CAGR Of 25.7% :
The ai in cybersecurity market size has grown exponentially in recent years. It will grow from $20 billion in 2023 to $25.08 billion in 2024 at a compound annual growth rate (CAGR) of 25.4%. The growth in the historic period can be attributed to proof of ai efficacy, emergence of predictive analytics, big data utilization, evolving cybersecurity landscape, early adoption of ai techniques.
The ai in cybersecurity market size is expected to see exponential growth in the next few years. It will grow to $62.56 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to increasing cyber threat sophistication, growing adoption of iot devices, demand for real-time threat detection, shift to cloud-based security, cybersecurity skills gap. Major trends in the forecast period include ai in endpoint security, threat intelligence and information sharing, ai-enhanced incident response, ai-powered authentication, prediction and preemptive measures.
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AI In Cybersecurity Market Major Segments
The ai in cybersecurity market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Technology: Machine learning, Natural Language Processing (NLP), Context-Aware Computing
3) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security
4) By Application: Identity and Access Management, Risk and Compliance Management, Data Loss Prevention, Unified Threat Management, Security and Vulnerability Management, Antivirus or Antimalware, Fraud Detection or Anti-Fraud, Intrusion Detection or Prevention System, Threat Intelligence, Other Applications
5) By End Users: Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing, Infrastructure, Enterprise, Healthcare, Automotive and Transportation, Government and Defense, Other End-Users
Key Driver - Surge In Cybercrimes To Drive Market Growth
The rise in the number of cybercrimes is expected to propel the growth of AI in cybersecurity market going forward. Cybercrime is any illegal activity that involves the use of computers, networks, or other digital devices that are carried out by individuals or groups with malicious intent, such as stealing sensitive information, disrupting computer systems, or committing fraud. Artificial intelligence is used to address the growing threat of cybercrime by providing advanced security solutions that can quickly detect, analyze, and respond to cyber threats in real time and reduces false positives by filtering out non-threatening activities. For instance, in 2022, according to the Federal Bureau of Investigation, a US-based law enforcement agency, the total amount of investment fraud complaints surged to $3.31 billion, marking a significant rise of 127% from the $1.45 billion reported in 2021. Notably, within these complaints, cryptocurrency investment fraud saw the most dramatic increase, soaring from $907 million in 2021 to $2.57 billion in 2022, which represents a staggering 183% rise. Therefore, the rise in the number of cybercrimes is driving the growth of the AI in cybersecurity market.
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Prominent Trend - New Innovations Transforming The AI In Cybersecurity Market
Major companies operating in the Ai in cybersecurity market are developing new solutions for enterprise security to gain a competitive edge in the market. Enterprise security refers to the comprehensive set of measures and strategies implemented by organizations to safeguard their information, assets, technologies, and operations from various threats and risks. For instance, in April 2023, SentinelOne, Inc., a US-based cybersecurity company, launched a threat-hunting platform leveraging generative artificial intelligence and reinforcement learning. The platform integrates real-time neural networks and a language model-based natural language interface, enabling users to manage and monitor security data with AI, receive instant insights, and take actions seamlessly. The platform aggregates information from various sources, recommending and executing response actions without coding skills. SentinelOne aims to empower organizations to scale cybersecurity operations, stay ahead of evolving threats, and create a robust defense foundation for the future.
AI In Cybersecurity Market Players
Major companies operating in the ai in cybersecurity market report are Nvidia Corporation, Intel Corporation, Xilinx Inc., International Business Machines Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., Amazon Web Services Inc., Microsoft Corporation, Palo Alto Networks Inc., CrowdStrike Holdings Inc., NortonLifeLock Inc., Cylance Inc., FireEye Inc., Check Point Software Technologies Ltd., Darktrace Plc, McAfee LLC, Symantec Corporation, Fortinet Inc., Cisco Systems Inc., Splunk Inc., Varonis Systems Inc., Trend Micro Incorporated, Sophos Group plc, Carbon Black Inc., Dragos Inc., Zscaler Inc., CyberArk Software Ltd., Lookout Inc., XM Cyber Ltd., Axonius Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the AI in cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global AI In cybersecurity market report during the forecast period. The regions covered in the ai in cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI In Cybersecurity Market Report Structure
3. AI In Cybersecurity Market Trends And Strategies
4. AI In Cybersecurity Market - Macro Economic Scenario
5. AI In Cybersecurity Market Size And Growth
…..
27. AI In Cybersecurity Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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