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AI In Cybersecurity Global Market Report 2024 Market Size, Growth, Trends, Size, Share And Analysis Report 2024-2033
AI In Cybersecurity Global Market Report
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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.
AI In Cybersecurity Market 2024 Key Insights:
• The ai in cybersecurity market will grow to $62.56 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%.
• Surge In Cybercrimes To Drive Market Growth
• New Innovations Transforming The AI In Cybersecurity Market
• North America was the largest region in the AI in cybersecurity market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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