AI in Cybersecurity Market Overview:
According to a new report by IMIR Market Research on Global AI in Cybersecurity Market Size was valued at USD 15.7 Billion in 2022. The AI in Cybersecurity market industry is projected to grow from USD 19.2 Billion in 2023 to USD 96.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.50% during the forecast period (2023 - 2032).
Artificial intelligence (AI) advancements like machine learning and natural language processing are growing at the same time as cyberattacks against high-tech companies, the military, and government institutions are increasing exponentially, are the key market drivers enhancing the market growth.
The AI In Cybersecurity market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the AI In Cybersecurity market.
AI in Cybersecurity Market Trends:
Increasing AI technologies, such as natural language processing and machine learning is driving the market growth
Artificial intelligence (AI)-based tools like machine learning and natural language processing are increasingly being utilized to prevent, detect, and respond to threats. Furthermore, the requirement for sophisticated artificial intelligence (AI) cybersecurity solutions has been brought to light by an exponential rise in cyberattacks on defense, government, and high-tech companies. Because it can offer a proactive defense mechanism with accurate detection, cyber AI is currently in demand. For example, there is a significant need for AI to continuously authenticate users using behavioral biometrics. Players in the market should prioritize machine learning algorithms in order to leverage AI's potential to improve security intelligence. The rise in privacy concerns, the importance of AI-based cybersecurity solutions in the banking industry, and the frequency and complexity of cyberthreats are factors driving market expansion. Furthermore, it is anticipated that this market would expand over the next several years in response to SMEs' growing demand for AI-based cybersecurity solutions.
Cybersecurity technology uses artificial intelligence to quickly assess systems and pinpoint network and computer system weaknesses. Additionally, it streamlines the process of managing vulnerabilities and swiftly securing corporate systems, freeing up firms to concentrate on crucial security duties. Businesses are significantly increasing their AI cybersecurity budgets, bolstering business approaches with cybersecurity plans, and creating cyber alertness programs for customers and employees as a result of the fact that artificial intelligence in cybersecurity ensures the security of technological advancements and critical infrastructure. Thus, driving the AI in Cybersecurity market revenue.
Scope of AI In Cybersecurity Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global AI In Cybersecurity Market. On the basis of historic growth analysis and current scenario of AI In Cybersecurity market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global AI In Cybersecurity market. This further helps users with their developmental strategy.
AI in Cybersecurity Key Market Players & Competitive Insights:
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the AI in Cybersecurity market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The AI in Cybersecurity sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide AI in Cybersecurity industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the AI in Cybersecurity sector. Major players in the AI in Cybersecurity market, including NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation, are attempting to increase market demand by investing in research and development operations.
A firm that creates and develops system-on-a-chip, central computing, and graphics processing units is called NVIDIA Corp. (NVIDIA). The company's products are sold in the gaming, data center, vehicle, and professional visualisation industries. Additionally, it offers solutions for edge computing, high-performance computing, self-driving cars, data centers, design and visualization, artificial intelligence, and data science. In November 2021, NVIDIA created a zero-trust cybersecurity platform that enables participants in the sector to support security and guard client data centers in real-time.
Microsoft Corp. (Microsoft) offers a variety of software-related services, including development, licensing, and support. Operating systems, server applications, cross-device productivity tools, tools for developing business solutions, tools for managing desktop PCs and servers, games, and courses leading to professional certification are just a few of the various types of software that the company offers. It also develops, manufactures, and sells hardware products like PCs, tablets, game consoles, and other cutting-edge technology. In August 2022, Microsoft stated that Microsoft Defender Experts for Hunting would be made generally available.
Key Companies in the AI in Cybersecurity market include:
- NVIDIA Corporation
- Intel Corporation
- Xilinx Inc.
- Samsung Electronics Co Ltd
- Micron Technology Inc.
- Amazon Web Services, Inc.
- IBM Corporation
- Microsoft Corporation
- FireEye, Inc.
- Palo Alto Networks, Inc.
- Juniper Networks, Inc.
- Fortinet, Inc.
- Cisco Systems, Inc.
- Check Point Software Technologies Ltd.
- McAfee LLC
- LogRhythm, Inc.
- Sophos Ltd.
- NortonLifeLock Inc.
- Crowdstrike Holdings, Inc.
- Cylance Inc.
- Vectra AI, Inc.
- ThreatMetrix Inc.
- Securonix Inc.
- Sift Science
- Acalvio Technologies
- SparkCognition Inc.
- Symantec Corporation
AI in Cybersecurity Market Segmentation:
AI in Cybersecurity Type Outlook
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
AI in Cybersecurity Offering Outlook
AI in Cybersecurity Technology Outlook
- Machine Learning
- Natural Language Processing (NLP)
- Context-aware Computing
AI in Cybersecurity Vertical Outlook
- Government & Defense
- Automotive & Transportation
AI in Cybersecurity Application Outlook
- Identity And Access Management
- Risk And Compliance Management
- Data Loss Prevention
- Unified Threat Management
- Fraud Detection/Anti-Fraud
- Threat Intelligence
AI in Cybersecurity Market Segment Insights:
AI in Cybersecurity Type Insights
The global AI in Cybersecurity market segmentation, based on Type, includes network security, endpoint security, application security, and cloud security. Network security segment dominated the global market in 2022. A sizeable amount of the market share is accounted for by the rising use of artificial intelligence and machine learning algorithms. Businesses employ cybersecurity to defend against and stop cyberattacks.
AI in Cybersecurity Offering Insights
The global AI in Cybersecurity market segmentation, based on Offering, includes hardware, software, and services. The services segment dominated the global market in 2022. The expansion of the worldwide AI in cybersecurity market is anticipated to be significantly aided by the services sector. Machine learning techniques, sensor data, voice, and vision APIs will be in high demand, driving the market forward.
AI in Cybersecurity Technology Insights
The global AI in Cybersecurity market segmentation, based on Technology, includes machine learning, natural language processing (NLP), and context-aware computing. Machine Learning segment dominated the global market in 2022. Machine learning technology will expand quickly as deep learning becomes more commonplace across end-use industries. Leading companies like Google and IBM have been using machine learning for threat detection and email filtering.
AI in Cybersecurity Vertical Insights
The global AI in Cybersecurity market segmentation, based on Vertical, includes BFSI, retail, government & defense, manufacturing, enterprise, healthcare, automotive & transportation, and others. Enterprise segment dominated the global AI in Cybersecurity market in 2022. However, the BFSI industry may develop into a sizable market for cyber AI in order to halt data leaks, thwart cyberattacks, and enhance security. A fundamental shift has occurred in how people utilize crowdfunding to send payments, make purchases, apply for loans, and withdraw money as a result of the explosion of ideas and technological advancements.
AI in Cybersecurity Application Insights
The global AI in Cybersecurity market segmentation, based on Application, includes identity and access management, risk and compliance management, data loss prevention, unified threat management, fraud detection/anti-fraud, threat intelligence, and others. Fraud detection/anti-fraud segment dominated the global AI in Cybersecurity market in 2022. For fraud prevention and anti-fraud measures, the use of AI in cybersecurity will be promoted. Machine learning has developed into a useful tool for boosting the ability of governments and other end users to prevent fraudulent activities in light of the growth in fraud cases.
AI in Cybersecurity Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America AI in Cybersecurity Market dominated this market in 2022 (45.80%). The adoption of IoT, 5G, and Wi-Fi 6 is mostly to blame for the rise in network-connected devices. Businesses in the automotive, healthcare, government, energy, and mining sectors have been driving the construction of the 5G network, which could be a point of access for hackers. Further, In the North American area, the U.S. AI in Cybersecurity market had the biggest market share, while the Canada AI in Cybersecurity market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
In the market for cybersecurity AI, Europe held a sizable market share in 2022. The reasons for this include increased cybercrime instances in the government, healthcare, automotive, and IT & telecommunications sectors, as well as strict government laws. For instance, in November 2020, the United Kingdom announced that it would spend £16.5 billion (USD 21.8 billion) over the course of four years on connected gadgets with AI and several sensors. Further, In the European region, the German AI in Cybersecurity market had the biggest market share, and the U.K. AI in Cybersecurity market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific AI in Cybersecurity market is anticipated to grow significantly. The region is experiencing rapid economic growth, a rise in the demand for connected devices, increased cybersecurity awareness among businesses, widespread use of cutting-edge technologies like IoT, 5G, and cloud computing, as well as rising privacy and security concerns. Moreover, In the Asia-Pacific region, the Indian AI in Cybersecurity market had the quickest rate of growth while China's AI in Cybersecurity market had the greatest market share.
AI In Cybersecurity Market Report is also available for below Regions and Country Please Ask for that
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Points Covered in the Report:
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
- How much the global AI In Cybersecurity Market valued?
- Which region has the largest share in 2022 for the global AI In Cybersecurity Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of AI In Cybersecurity Market:
- Historic year: 2019- 2022
- Base year: 2023
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
AI In Cybersecurity Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: