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Steady Expansion Forecast for Artificial Intelligence in Cybersecurity Market, Projected to Reach $78.76 Billion by 2029
Artificial Intelligence in Cybersecurity
What Is the Expected CAGR for the Artificial Intelligence in Cybersecurity Market Through 2025?
Recently, the market size of artificial intelligence in cybersecurity has seen an explosive growth. It's predicted to move from a value of $28.68 billion in 2024 to a striking $35.08 billion in 2025, with a compound annual growth rate (CAGR) of 22.3%. This significant growth during the historical period is linked to escalating cyber threats, adoption of automation in threat detection, scarcity of skilled cybersecurity professionals, unyielding continuous threats, and issues related to data breaches and privacy.
What's the Projected Size of the Global Artificial Intelligence in Cybersecurity Market by 2029?
In the coming years, the market size for artificial intelligence in cybersecurity is anticipated to witness tremendous growth. By 2029, it is projected to escalate to a massive $78.76 billion with a compound annual growth rate (CAGR) of 22.4%. This anticipated growth during the forecast period can be ascribed to several factors like the increasing complexity of malware, the implementation of AI in threat hunting, the rapid expansion of data, protection against zero-day threats, and the incorporation with security orchestration. The forecast period also predicts major trends such as cooperative threat intelligence, behavioral analytics, automated threat intelligence, defensive strategies against adversarial machine learning, and the integration of cloud security.
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Top Growth Drivers in the Artificial Intelligence in Cybersecurity Industry: What's Accelerating the Market?
The escalation in occurrences of cyber threats is anticipated to fuel the expansion of the artificial intelligence in cybersecurity market in the future. A cyber threat is identified as a harmful activity bent on stealing or damaging data or destabilizing the digital integrity and steadiness of a business. Artificial intelligence is vital in cybersecurity, employing advanced algorithms to swiftly discover, examine, and counteract emerging cyber threats, thus boosting overall threat intelligence and response competence. For illustration, in November 2022, as per the Annual Cyber Threat Report 2022 by the Australian Cyber Security Centre, an agency based in Australia dealing with cyber security, Australia recorded 76,000 cybercrime reports in 2022, marking a close to 13% rise from the past year. Thus, the escalating occurrences of cyber threats are spurring the expansion of artificial intelligence in cybersecurity market.
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What Trends Will Shape the Artificial Intelligence in Cybersecurity Market Through 2029 and Beyond?
Key companies in the cybersecurity market using artificial intelligence are emphasizing the development and implementation of innovative and technologically advanced solutions, such as AI-driven cybersecurity assistants, to strengthen their competitive position in the industry. These AI-enhanced cybersecurity assistants are sophisticated software utilities that employ artificial intelligence algorithms and machine learning practices to support cybersecurity experts. For instance, in March 2023, Microsoft Corporation, a technological enterprise based in the United States, unveiled Microsoft Security Copilot, an AI-driven cybersecurity assistant specifically created to aid security professionals in more effectively identifying and addressing threats. This assistant uses generative AI to offer customized insights and directive, enabling security teams to respond at a pace paralleling machines. Copilot integrates signals and data from diverse sources, including the trillions of daily security signals, to create precise guidance for cybersecurity professionals. It is engineered to blend smoothly with current security tools such as Windows Security, Defender XDR, and Intune to achieve optimum results.
What Are the Main Segments in the Artificial Intelligence in Cybersecurity Market?
The artificial intelligence in cybersecuritymarket 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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Which Top Companies are Driving 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.
Which Regions Will Dominate the Artificial Intelligence in Cybersecurity Market Through 2029?
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.
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