USD 13.29 billion
Report ID: SQMIG45F2068 | Region: Global | Published Date: July, 2023 | Pages: 265 | Tables: 149 | Figures: 78
Global 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).
AI In Cybersecurity is becoming popular since it has many advantages. It can help to identify unknown threats and can handle a lot of data. It also helps in battle vulnerability management, better overall security and duplicate process reduction.In today's online era each and every business are facing online threats .Therefore ai is the ideal cybersecurity solution for businesses looking to thrive online today.
Identification of unknown threats is necessary to prevent cyberattacks. This can't be done by the human mind because zero error is expected. Therefore,AI is used for effective mapping and stopping of unknown threats from ravaging a company.In every business loads of data is exchanged internally and externally that can be efficiently detected with the help of AI.One of the crucial factor to achieve data security is to have vulnerability management system.A research can help in vulnerability management by analyzing and assessing the existing security measures That will help companies to detect threats more easily.However, to install AI and integrated with cyber security, it will take companies and organizations substantial amount of resource and financial investments.Acquiring the data sets which AI systems are trained using can be time intensive and of higher investment which many organization can't afford.
Global Market Size
USD 13.29 billion
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Global AI In Cybersecurity market is segmented on the basis of application, vertical, Technology, Offerings, types and region. By application, the market is segmented into DLP, UTM, IAM, Antivirus, IDP and others. By vertical, the market is segmented into Retail, Government, BFSI, IT, Healthcare and others. By type the market is segmented into Cloud Security, Network Security, Endpoint Security, Application Security. By offering the market is segmented into hardware, software and services. By technology the market is segmented into ML, NLP,Context-aware computing.By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Offerings
By offerings, the global market is divided into many segments such as Hardware, software and services. The Service segment held the largest global AI In Cybersecurity market share due to the wide range of benefits provided by it for AI In Cybersecurity. There are various services of artificial intelligence which cyber security requires,that includes learning methods, sensor data, speech and vision.Along with this, the hardware segment will see a speed up and improvement in this market due to the increase global prominence of networking solutions, processor and memory solutions.The development of hardware operations will lead to the expansion of software platform because it will require to strengthen the security capabilities.
Analysis by Technology
By Technology, the AI In Cybersecurity market is classified into Machine Learning, Natural Language Processing, Context-aware computing. The Machine learning segment is one of the main reasons for innovation and growth across all technology industries in the Cybersecurity market.Large businesses all across the world are using machine learning and deep learning to improve cyber security protocols,email filtering and to get free from threat detections.Automate monitoring, spot outliers and sort through the massive amounts of data produced by security technology is helping ML platforms to gain popularity.
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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.
Among all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of AI In Cybersecurity technology in bigger organizations in the region of Asia Pacific and mainly in China and Japan. Penetration of Data threats & cyberattacks in Asia Pacific has doubled in the last few years. In addition, bigger organizations and startups are investing heavily in order to provide high data security services at an affordable price to the consumers, which is likely to boost the demand for AI In Cybersecurity in the region.
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Increasing Data Threats to Boost demand for AI In Cybersecurity Market
Increasing Sophisticated Zero-day of AI to Hinder Market Growth
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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.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global AI In Cybersecurity market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as automation, large data analyzation and high security. AI In Cyber Security will enable software , services to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
|Market size value in 2021||USD 13.29 billion|
|Market size value in 2030||USD 16.52 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global AI In Cybersecurity Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global AI In Cybersecurity Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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