Covina, September 4, 2024 (GLOBE NEWSWIRE) — According to Prophecy Market Insights, the global market Market share of generative AI in cybersecurity is about to from USD 1.7 billion in 2024 to USD 5.96 billion by 2034marking a Compound annual growth rate (CAGR) of 14.8% over the next decade.
Generative AI in Cybersecurity Market Report Overview
Generative AI in cybersecurity represents a revolutionary approach to defending digital environments against increasingly sophisticated threats. Leveraging advanced machine learning models, generative AI can anticipate and counter cyberattacks by identifying patterns, predicting potential vulnerabilities, and even simulating attacks to test system defenses.
The ability of generative AI to process large volumes of data and produce realistic models of potential cyberattacks adds a new dimension of complexity to defense tactics. It makes cybersecurity frameworks more resilient overall and improves their ability to identify anomalies and automate responses to attacks.
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Our free sample report includes:
- Presentation and introduction of the market study
- Market Revenue and CAGR
- Market drivers and constraints
- Key Market Players
- Regional Market Analysis with Detailed Chart
- Detailed market segmentation in tabular form
- Recent market developments/news
- Market opportunities and challenges
Competitive landscape:
The generative AI market in cybersecurity is characterized by rapid growth, technological innovation, and fierce competition. Companies are expanding their global footprint, focusing on sustainability, and diversifying their service offerings to stay competitive.
Some of the major players in the market:
- Microsoft Corporation
- IBM Company
- Google Cloud
- Amazon Web Services
- Cisco Systems, Inc.
- Symantec
- Palo Alto Networks
- Crowd strike
- Fortinet
- McAfee Corp.
- Trend Micro
- Eye of Fire
- Dark Trace
- Splunk
- Qualys
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Analyst’s point of view:
The market for generative AI in cybersecurity is rapidly gaining traction as organizations across various industries recognize the need for more advanced and proactive security solutions. Traditional cybersecurity measures are increasingly inadequate in the face of sophisticated attacks such as zero-day exploits and advanced persistent threats (APTs).
Market dynamics:
Drivers:
Growing complexity of cyber threats
- One of the main factors driving the use of generative AI in cybersecurity is the increasing sophistication of cyberattacks. There is a growing need for more sophisticated, AI-based security solutions that can anticipate and mitigate risks in real-time as traditional security measures become less effective in addressing evolving threats.
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Market trends:
Growing need for automated cybersecurity solutions
- Automation is considered essential for modern cybersecurity due to the scarcity of skilled cybersecurity experts and the vast amount of data that requires constant monitoring. The processes of automating threat identification, response, and mitigation are greatly facilitated by generative AI.
Segmentation:
The generative AI in cybersecurity market is segmented on the basis of offering, generative AI-based cybersecurity solutions, cybersecurity solutions, security type, end user, and region.
Provide information
- Threat detection and intelligence software is expected to drive the growth of the target market as it leverages generative AI to continuously monitor and analyze vast amounts of data from various sources. This enables organizations to detect emerging threats, including zero-day vulnerabilities and advanced persistent threats (APTs), before they can cause significant damage.
Insights into Generative AI-Based Cybersecurity Solutions
- Threat hunting platforms are expected to drive the growth of the target market as cyber threats are constantly evolving, making it difficult for conventional security measures to keep pace. Threat hunting platforms powered by generative AI can adapt to new and unknown threats, learning from vast datasets and continuously updating their threat detection capabilities.
Information on cybersecurity solutions
- Generative AI application security software is expected to drive the growth of the target market as generative AI is increasingly being integrated into various applications, ranging from content generation to automated decision-making. Securing these applications is of paramount importance.
Information on security types
- Generative AI application security software is expected to drive the growth of the target market as generative AI is increasingly being integrated into various applications, ranging from content generation to automated decision-making. Securing these applications is of paramount importance.
End User Information
- End users of generative AI-based cybersecurity are expected to drive the growth of the target market as the ability of generative AI to automate responses to detected threats and adapt to new attack vectors ensures a higher level of security.
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Recent development:
- In August 2024, Microsoft Unveils AI-Powered Threat Detection Platform: Microsoft has announced a new threat detection platform that uses artificial intelligence (AI) to improve real-time threat detection and response by including the most advanced generative AI algorithms. The platform promises better notifications and faster execution to improve organizations’ overall cybersecurity posture.
Regional perspectives
- North America: The region’s superior technical infrastructure and high frequency of cyberattacks are driving the rapid expansion of the North American generative AI market in cybersecurity. The United States is at the forefront of the use of generative AI technologies for cybersecurity, with many leading enterprises and government organizations integrating these cutting-edge systems into their security frameworks.
- Asia Pacific: The region is facing a growing number of cyber threats, including targeting financial institutions, government systems, and large enterprises. As a result, demand for generative AI solutions to strengthen cybersecurity defenses is on the rise.
Browse the detailed report on “Generative AI in Cybersecurity Market Size, Share, By Offering (Software, Services), By Generative AI-Based Cybersecurity Solutions (Threat Detection and Intelligence Software, Risk Assessment Software, Exposure Management Software, Phishing Simulation and Prevention Software, Remediation Advisory Software, Threat Hunting Platforms, Code Analysis Software), By Cybersecurity Solutions (Generative AI Training Data Security Software, Generative AI Model Security Software, Generative AI Infrastructure Security Software, Generative AI Application Security Software), By Security Type (Generative AI Training Data Security Software, Generative AI Model Security Software, Generative AI Infrastructure Security Software, Generative AI Application Security Software), By Cybersecurity Solutions (Generative AI-Based Cybersecurity Solutions, Cybersecurity for AI Cybersecurity Solutions generative) and by region – Trends, analysis and forecasts until 2034” with full table of contents @ https://www.prophecymarketinsights.com/market_insight/generative-ai-in-cybersecurity-market-5597
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