Global Artificial Intelligence in Cybersecurity Market Report 2024: Market Size, Trends and Global Forecast 2024-2033
The Business Research Company Global Artificial Intelligence in Cybersecurity Market Report 2024 – Market Size, Trends and Global Forecast 2024-2033
— The Commercial Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, July 15, 2024 /EINPresswire.com/ — THE Artificial Intelligence in the Cybersecurity Market The cybersecurity industry has witnessed robust growth in recent years, growing from $23.35 billion in 2023 to $28.68 billion in 2024, at a compound annual growth rate (CAGR) of 22.8%. The growth observed during the historical period can be attributed to the rise in cyber threats, automation of threat detection, shortage of cybersecurity talent, advanced persistent threats, data breaches, and privacy concerns.
Strong future growth expected
The artificial intelligence in cybersecurity market is expected to continue its robust growth, reaching $64.59 billion by 2028, at a compound annual growth rate (CAGR) of 22.5%. The growth during the forecast period can be attributed to increasing malware sophistication, AI-enhanced threat hunting, exponential data growth, zero-day threat protection, and integration with security orchestration.
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Artificial Intelligence Market Growth Driver in Cybersecurity
The rise in cyber threats is expected to accelerate the growth of artificial intelligence in the cybersecurity market. A cyber threat is defined as a malicious act aimed at stealing or damaging data or disrupting the digital well-being and stability of an organization. Artificial intelligence plays a crucial role in cybersecurity by leveraging advanced algorithms to rapidly detect, analyze, and mitigate ever-evolving cyber threats, thereby improving overall threat intelligence and response capabilities.
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Key players and market trends
The major players in the artificial intelligence in cybersecurity market 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..
Large companies operating in the cybersecurity artificial intelligence market are increasingly focusing on introducing technologically advanced solutions, such as AI-powered cybersecurity assistants, to gain a competitive advantage in the market. AI-powered cybersecurity assistants are advanced software tools that use artificial intelligence algorithms and machine learning techniques to assist cybersecurity professionals.
Segments:
1) By offering: software, services
2) By technology: machine learning, natural language processing, context-aware computing
3) By deployment mode: Cloud, on-premises
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
Geographic outlook: North America leads the market
North America was the largest region in the artificial intelligence in cybersecurity market in 2023. Asia Pacific is expected to be the fastest growing region during the forecast period, driven by the expansion of healthcare facilities and increasing awareness about the benefits of artificial intelligence in cybersecurity.
Defining the market for artificial intelligence in cybersecurity
Artificial intelligence (AI) in cybersecurity refers to the application of advanced computational algorithms and machine learning techniques to improve the effectiveness of security measures in protecting digital systems, networks, and data from cyber threats. AI in cybersecurity is used to analyze risk data, detect and respond to threats, and predict breach risks.
TBRC’s Global Artificial Intelligence in Cybersecurity Market 2024 report covers the following insights:
• Market size data for the forecast period: historical and future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• Market analysis by country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
Trends, opportunities, strategies and more.
The Business Research Company’s Global Artificial Intelligence in Cybersecurity Market Report 2024 is the most comprehensive report that provides insights into Artificial Intelligence in Cybersecurity Market SizeArtificial Intelligence in Cybersecurity Market drivers and trends, major players in the Artificial Intelligence in Cybersecurity Market, revenue of Artificial Intelligence in Cybersecurity competitors, positioning of the Artificial Intelligence in Cybersecurity Market, and growth of the Artificial Intelligence in Cybersecurity Market across geographies. The Artificial Intelligence in Cybersecurity Market report helps you gain deep insights into opportunities and strategies. Businesses can leverage the data in the report and tap into the segments with the highest growth potential.
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