The market for artificial intelligence in cybersecurity was estimated to be worth about US$16.5 billion. By the end of 2032, the market is expected to have grown at a CAGR of 16.2% over the subsequent ten years, with a projected worth of about US$ 91.7 Bn. The growing demand for sophisticated cybersecurity and privacy solutions is one of the main drivers of the market’s rise.
With the help of AI-based cybersecurity solutions, it is now possible to fundamentally move away from signature-based detection in favor of more flexible and continuous network monitoring as it deviates from expected behavior. Businesses use AI to automate cyber defense against spam and phishing, as well as to find malware, fraudulent payments, compromised machines, and network infrastructure. The cost-availability nexus is another facet of AI development that adds to the widening of the range of destructive actors.
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North America will see continued revenue growth in Artificial Intelligence in the Cybersecurity Market throughout the Analysis Period
The substantial market share that North America currently holds is due to the region’s concentration of key players as well as a number of new start-ups, the expansion of government initiatives aimed at advancing technologies like artificial intelligence, the widespread use of cloud-based services, the increasing sophistication of cyberattacks, and the rise in cyber threats.
With 38.3% of global sales, North America dominated the artificial intelligence in cyber security market ecosystem in 2020. It is believed that the existence of well-known businesses like IBM, Cisco Systems Inc., Dell Root 9B, Check Point Software Technologies Ltd., and Palo Alto Networks, which offer state-of-the-art solutions and services to all the sectors in the area, has contributed to the growth.
Artificial Intelligence in the Cybersecurity Market: Competition Insights
Artificial Intelligence in Cybersecurity companies are largely setting up Joint ventures and aiming for acquisition and mergers. The key companies operating in the Artificial Intelligence 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., 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.
Some of the recent developments by key providers of the Artificial Intelligence in Cybersecurity Market are as follows:
- In march 2019, The Jetson Nano, a machine that can construct countless intelligent systems, was unveiled by NVIDIA. Modern AI applications may be run on the compact but potent CUDA-X AI computer, which offers 472 GFLOPS of computational capability while using as low as 5 watts of power.
- In Feb 2019, Cylance unveiled the Cylance native AI platform, which provides customers all over the world with automated threat detection, prevention, forensic investigation, and response capabilities. It is done by integrating deep-learning Al algorithms into a single, agile agent for comprehensive attack surface protection.
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Key Segments Covered In Artificial Intelligence In Cybersecurity Market Survey
Artificial Intelligence in Cybersecurity Market by Offering:
- Hardware
- Processors
- Memory
- Network
- Software
- AI Platform
- AI Solutions
- Service
- Deployment & Integration
- Support & Maintenance
Artificial Intelligence in Cybersecurity Market by Deployment Type:
- Cloud
- On-Premise
Artificial Intelligence in Cybersecurity Market by Security Type:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
Artificial Intelligence in Cybersecurity Market by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
Artificial Intelligence in Cybersecurity Market by Application:
- Identity & Access Management
- Risk & Compliance Management
- Data Loss Prevention
- Unified Threat Management
- Security & Vulnerability Management
- Antivirus/Antimalware
- Fraud Detection/Anti-Fraud
- Intrusion Detection/Prevention System
- Threat Intelligence
- Others
Artificial Intelligence in Cybersecurity Market by End-User:
- BFSI
- Retail
- Government & Defence
- Manufacturing
- Infrastructure
- Enterprise
- Healthcare
- Automotive & Transportation
- Others
Artificial Intelligence in Cybersecurity Market by Region:
- North America Artificial Intelligence in Cybersecurity Market
- Latin America Artificial Intelligence in Cybersecurity Market
- Europe Artificial Intelligence in Cybersecurity Market
- Asia Pacific Artificial Intelligence in Cybersecurity Market
- Middle East & Africa Artificial Intelligence in Cybersecurity Market
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