What is the global market size of AI In Cybersecurity Market?

AI In Cybersecurity Market size was valued at USD 13.29 billion in 2021 and is poised to grow from USD 16.52 billion in 2022 to USD 94.14 billion by 2030, growing at a CAGR of 24.3% in the forecast period (2023-2030).

What is the key driver of Global AI In Cybersecurity Market?

The AI In Cybersecurity card is a type of key facilitator for Technological and data companies to be saved from newer cyber attacks and data threats.The endpoints, networks, data and other IT infrastructure of companies are attacked by cyber criminals that lead to a huge financial loss for individuals, enterprises and the governments.The sensitive data of organization and critical IT infrastructure are seriously damaged by cyber threats.Increase acceptance of online payments and rapid rise in digital transaction globally has led to the increasing frequency of cyber crimes.Technological advancement is helping AI to get developed in cyber security market. On the other hand, the advancements, automation and other sophistications are also accelerating the cyber attacks by helping cyber criminals.

What is the key market trend for Global AI In Cybersecurity Market?

Introducing smart automation into security system AI can greatly reduce the amount of manual labor required to carry out the goals.It will help in automating identity and access management security measures.As it is becoming important than ever with the increased adoption of zero trust security framework which requires every network user to be authenticated, authorized and continuously validated. This trend of automation will help organizations to assign risk scores related to potentially suspicious events instead of simply locking users out for terminating their connections mid session.

Which region accounted for the largest share in Global AI In Cybersecurity Market?

Globally, North America is estimated to hold the highest global AI In Cybersecurity market share followed by North America and Asia Pacific. Main factors during this growth period is the presence of top market players such as NVIDIA Corporation, Intel Corporation, IBM Corporation, Microsoft Corporation and others.

Artificial Intelligence (AI) in Cybersecurity Market Size, Share, Growth Analysis, By Offering(Hardware [Accelerator, Processor {Micro processing Unit (MPU), Graphics Processing Unit (GPU), Field Programmable Gate Arrays (FPGA)), By Security Type(Infrastructure Security (Network Security, Endpoint Security, Cloud Security, and Others)), By Technology(Machine Learning [Deep Learning {Convolutional Neural Network (CNN), Recurrent Neural Network (RNN), Generative AI (Generative Adversarial Networks, Variational Autoencoders), By Application(Identity & Access Management, Risk & Compliance Management, Data Loss Prevention, Unified Threat Management), By Organization Size(Large Enterprises, and SMEs), By Industry Vertical(BFSI, IT & Telecom, Government & Defense, Manufacturing), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global AI In Cybersecurity Market?

Competition in the global AI In Cybersecurity market is expected to increase during the forecast period because new players are expected to enter the global market and the number of software and services compatible with AI In Cybersecurity will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'IBM Corporation', 'Microsoft Corporation', 'Cisco Systems, Inc.', 'Palo Alto Networks, Inc.', 'Fortinet, Inc.', 'Darktrace Ltd.', 'Amazon Web Services (AWS)', 'FireEye, Inc.', 'Check Point Software Technologies Ltd.', 'McAfee, LLC', 'Splunk Inc.', 'Symantec Corporation', 'Trend Micro, Inc.', 'F5 Networks, Inc.', 'Rapid7, Inc.', 'Exabeam, Inc.', 'Vectra AI, Inc.', 'SentinelOne, Inc.', 'Cybereason Inc.', 'Zscaler, Inc.'

Report ID: SQMIG45F2068 | Region: Global | Published Date: June, 2024
Pages: 265 | Tables: 126 | Figures: 86

Artificial Intelligence (AI) in Cybersecurity Market News

In October 2022, LogRhythm Axon launched its groundbreaking cloud-native software as a service (SaaS) platform built from the ground-up for security teams that are stretched thin by overwhelming amounts of data and an ever-evolving threat landscape.
In August 2022, BluVector, a leader in network security and a Comcast company, announced the release of its full network detection and response (NDR) solution, Automated Threat Hunting (ATH). ATH is a cloud-based SaaS offering that maximizes the latest artificial intelligence (AI) to transform the threat hunting process. BluVector’s newest offering empowers cyber security teams to pivot from passive, reactive defense to proactive threat hunting.

Artificial Intelligence (AI) in Cybersecurity Market Report Snapshots

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Global Artificial Intelligence (AI) in Cybersecurity Market size was valued at USD 18.36 Billion in 2022 and is poised to grow from USD 22.49 Billion in 2023 to USD 114.30 Billion by 2031, at a CAGR of 22.53% during the forecast period (2024-2031).

Competition in the AI In Cybersecurity market is expected to increase during the forecast period because new players are expected to enter the global market and the number of software and services compatible with AI In Cybersecurity will also increase. Currently, only a few key players are providing their services in the global market, but these numbers will increase in the upcoming years. '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. ', 'Symantec Corporation'

The increasing and frequent occurrence of cyberattacks are key drivers for the adoption of AI in cybersecurity. Traditional security measures often struggle to keep pace with the evolving threat landscape. AI technologies, capable of analyzing large amounts of data and identifying patterns of malpractice, will provide enhanced protection against sophisticated attacks, including everyday vulnerabilities and persistent threats (APTs).

Integrating AI into Threat Intelligence Systems: One of the most important trends in artificial intelligence (AI) in cybersecurity market is the integration of AI technology into threat intelligence systems. This integration enhances the ability to anticipate, detect and respond to emerging threats in real time. AI algorithms can analyze threat data from multiple sources, including dark web platforms, social media, and network traffic to find patterns and anomalies that can indicate potential cyber-attacks. AI-powered platforms can provide accurate and realistic insights and timely by automating correlation and analysis of threat intelligence Being able to strongly defend against cyber threats. This trend is driving the development of sophisticated and scalable cyber security solutions.

North America has the largest market share of artificial intelligence (AI) in cybersecurity market due to its position as the world’s leading technology and cybersecurity company. Some big companies in the region include NVIDIA Corporation, Intel Corporation, IBM Corporation, Microsoft Corporation, among others, which promote innovation and boost the market. It should be mentioned that North American companies and organizations tend to be technology leaders, including the use of artificial intelligence for cybersecurity. This forward-thinking approach contributes to the expansion of the market and raises the bar for AI solutions, making the region a key player in the global cybersecurity landscape.

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Artificial Intelligence (AI) in Cybersecurity Market News

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Which region accounted for the largest share in Artificial Intelligence (AI) in Cybersecurity Market?

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