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Surge In Cybercrimes To Drive Market Growth: An Emerging Driver Transforming The AI In Cybersecurity Market Landscape
AI In Cybersecurity
What Is the Projected Growth of the AI In Cybersecurity Market?
The AI In Cybersecurity Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the AI In Cybersecurity Market?
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What Are the Different AI In Cybersecurity Market 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
Subsegments:
1) By Solutions: Machine Learning Solutions, Natural Language Processing Solutions, Computer Vision Solutions, Speech Recognition Solutions, Predictive Analytics Solutions, Data Mining Solutions, Robotic Process Automation Solutions
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services, Managed Services
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What Are the Primary Drivers Shaping the AI In Cybersecurity Market?
The increasing prevalence of cybercrimes is set to fuel the expansion of the AI in cybersecurity market. Cybercrime encompasses any unlawful actions involving computers, networks, or other digital devices, conducted by individuals or groups with malevolent objectives. These objectives can range from stealing sensitive data, disrupting information systems, to committing fraud. Artificial intelligence plays a crucial role in tackling the escalating risk of cybercrime by offering innovative security solutions capable of detecting, analyzing, and instantly responding to cyber threats. It also helps in reducing false positives by filtering out harmless activities. In particular, the Federal Bureau of Investigation reported in 2022 that the total investment fraud complaints soared to $3.31 billion, signifying a substantial escalation of 127% from the $1.45 billion registered in 2021. Interestingly, within these complaints, the most substantial increase was noted in cryptocurrency investment fraud, which skyrocketed from $907 million in 2021 to $2.57 billion in 2022, amounting to an astonishing 183% increase. Consequently, the surge in cybercrimes is propelling the growth of the AI in cybersecurity market.
Which Companies Are Leading in the AI In Cybersecurity Market?
Major companies operating in the AI in cybersecurity market include Nvidia Corporation, Intel Corporation, Xilinx Inc., International Business Machines Corporation, 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.
What Are the Major Trends Shaping the AI In Cybersecurity Market?
Prominent businesses in the AI cybersecurity sector are focusing on creating cutting-edge enterprise security solutions to enhance their standing in the industry. Enterprise security is defined as a comprehensive set of strategies and precautions taken by companies in order to protect their operational and technological information, assets, and processes from risks and threats. For instance, in April 2023, a cybersecurity firm based in the US, SentinelOne, Inc., introduced a platform for hunting threats which utilizes generative artificial intelligence and reinforcement learning. This platform incorporates real-time neural networks and a natural language interface, based on language model, to help users manage and oversee security data with AI, obtain insights instantly, and act without effort. The platform collates data from a plethora of sources, suggesting and implementing response actions without the necessity of coding abilities. SentinelOne is on a mission to equip companies with the capacity to expand cybersecurity measures, stay prepared for ever-changing threats, and build a strong defense base for the future.
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What Are the Top Revenue-Generating Geographies in the AI In Cybersecurity Market?
North America was the largest region in the AI in cybersecurity market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI In Cybersecurity Market?
2. What is the CAGR expected in the AI In Cybersecurity Market?
3. What Are the Key Innovations Transforming the AI In Cybersecurity Industry?
4. Which Region Is Leading the AI In Cybersecurity Market?
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