A report from Techopedia provided insight into the influence of AI on the cybersecurity industry. Key findings of the report include the projected value of the AI cybersecurity market, spending and savings associated with using AI to identify data breaches, and AI reviews by cybersecurity professionals.
The report estimates that the global AI cybersecurity market value is expected to exceed $133 billion between 2023 and 2030. AI has strengthened cybersecurity by improving the detection of threats and phishing attempts. Organizations that have fully AI-integrated cybersecurity solutions save approximately $1.8 million compared to those without. As a result, 69% of businesses view AI as an essential part of cybersecurity.
At the same time, the application of AI has led to an increase in cybercrime, according to 85% of cybersecurity professionals. In 2024, Internet users are expected to spend $9.22 trillion thanks to AI’s personalized attacks, its adaptability to defense systems, and the speed and volume of attacks.
To counter evolving threats, users are encouraged to remain vigilant and use updated systems to counter evolving threats.
For more information, read the full report here.
