Press release
Global Artificial Intelligence in Cybersecurity Market Projected to Surpass $79.09 Billion by 2029 with 22.4% Annual Growth
Artificial Intelligence in Cybersecurity Market Size
The rise in cyber threats is projected to fuel advancements in the artificial intelligence in cybersecurity market. Cyber threats, aimed at data theft, damage, or disruption of digital tranquility and stability in institutions, are increasing. In this context, artificial intelligence emerges as a critical element, utilizing sophisticated algorithms to swiftly identify, scrutinize, and curtail growing cyber dangers, thereby bolstering overall threat vigilance and response competences. For example, the Annual Cyber Threat Report 2022 by the Australian Cyber Security Centre, an Australian cybersecurity firm, revealed in November 2022 that 76,000 cybercrime reports were filed in Australia in 2022, a nearly 13% spike from the year before. Consequently, the escalating occurrences of cyber threats are stimulating the expansion of the artificial intelligence in cybersecurity market.
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What is the future CAGR of the artificial intelligence in cybersecurity market, and how will it impact industry expansion?
The market size for artificial intelligence in cybersecurity has experienced a significant expansion recently. It is projected to increase from $28.68 billion in 2024 to a massive $35.22 billion in 2025, with a compound annual growth rate (CAGR) of 22.8%. The historic growth can be associated to factors such as escalating cyber threats, the use of automation in threat detection, the lack of skilled cybersecurity professionals, advanced persistent threats, instances of data breaches and concerns regarding privacy.
In the forthcoming years, the market size of artificial intelligence in cybersecurity is anticipated to experience significant expansion. It is projected to reach $79.09 billion in 2029, with a compound annual growth rate (CAGR) of 22.4%. The advancement noted in the forecast period can be credited to the heightened intricacy of malware, AI-driven threat hunting, enormous data growth, protection against zero-day threats as well as integration with security orchestration. In the forecast duration, main trends will include collaborative threat intelligence, behavioral analytics, automation of threat intelligence, defense against adversarial machine learning, and integration of cloud security.
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What trends are poised to drive the future success of the artificial intelligence in cybersecurity market?
Major firms active in the artificial intelligence in cybersecurity market are ramping up their efforts to launch high-tech solutions including AI-driven cybersecurity aides to gain a competitive advantage. These AI-driven cybersecurity aids are highly sophisticated software instruments that use artificial intelligence principles and machine learning methods to support cybersecurity experts. For example, in March 2023, Microsoft Corporation, a technology firm based in the USA, introduced Microsoft Security Copilot, an AI-empowered cybersecurity helper built to aid security specialists in threat detection and response with enhanced efficiency. Security Copilot applies generative AI in order to offer custom insights and direction, enabling security squads to react at machine pace. The instrument amalgamates inputs and data from a myriad of sources, including trillions of daily security signals, to produce precise guidelines for security experts. Security Copilot is intended to integrate flawlessly with current security applications, such as Windows Security, Defender XDR, and Intune, to deliver optimal results.
Which key market segments comprise the artificial intelligence in cybersecurity market and drive its revenue growth?
The artificial intelligence in cybersecurity market covered in this report is segmented -
1) By Offering: Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing
3) By Deployment Mode: Cloud, On-Premise
4) By Application: Antivirus Or Antimalware, Data Loss Prevention, Fraud Detection Or Anti-Fraud, Identity And Access Management, Intrusion Detection Or Prevention System, Risk And Compliance Management, Security And Vulnerability Management, Threat Intelligence, Other Applications
5) By End-User: BFSI (Banking, Financial Services, And Insurance), Enterprise, Retail, Government And Defense, Manufacturing, Healthcare, Automotive And Transportation, Infrastructure, Other End Users
Subsegments:
1) By Software: Threat Detection And Response, Identity And Access Management, Data Loss Prevention, Endpoint Security, Network Security, Security Information And Event Management (SIEM), Fraud Detection
2) By Services: Consulting Services, Managed Security Services, Training And Support Services
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What regions are at the forefront of artificial intelligence in cybersecurity market expansion?
North America was the largest region in the artificial intelligence in cybersecurity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the artificial intelligence in cybersecurity market?
Major companies operating in the artificial intelligence in cybersecurity market report are Samsung Electronics Co Ltd., Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Micron Technology Inc., NVIDIA Corporation, Trellix, Palo Alto Networks Inc., Fortinet Inc., Symantec Corporation, NortonLifeLock, Xilinx Inc., Gen Digital Inc., Palantir Technologies, CrowdStrike, Zscaler, LexisNexis, FireEye Inc., Darktrace, SentinelOne, Vectra AI Inc., Cybereason, Venafi Inc., Securonix Inc., Cylance Inc., SparkCognition, Tessian, Acalvio Technologies Inc.
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What Is Covered In The Artificial Intelligence in Cybersecurity Global Market Report?
• Market Size Forecast: Examine the artificial intelligence in cybersecurity market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence in cybersecurity market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence in cybersecurity market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence in cybersecurity market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence in cybersecurity market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence in cybersecurity market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence in cybersecurity market.
• Competitive Landscape: Review strategic developments in the artificial intelligence in cybersecurity market, including expansions, agreements, and new product launches.
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