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Global Artificial Intelligence (AI) in Cybersecurity Market size was valued at USD 18.36 Billion in 2022 and is poised to grow from USD 22.49 Billion in 2023 to USD 114.30 Billion by 2031, at a CAGR of 22.53% during the forecast period (2024-2031).

Competition in the 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. '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. ', 'Symantec Corporation'

The increasing threat levels, from new forms of attack like ransomware, phishing and APTs, necessitate the need for AI in cybersecurity. Around the world, every organization experienced a moderate of 1,158 cyber-attacksweekly per entity, slightly increasing by 1% from 2022. India again seen a sharp rise in 2023 where 2,138 weekly cyber-attack per organization were reported and showed an increase of 15 percent compared to the year 2022. These statistics clearly point to the necessity of proper cybersecurity measures to be put in place. The application of AI has particularly improved the flexibility and productivity of cybersecurity systems where threat identification is faster and more precise than ever, underlining the importance of AI even more in protecting digital resources. 

Introducing smart automation into security system AI can greatly reduce the amount of manual labor required to carry out the goals. It will help in automating identity and access management security measures. As it is becoming important than ever with the increased adoption of zero trust security framework which requires every network user to be authenticated, authorized and continuously validated. This trend of automation will help organizations to assign risk scores related to potentially suspicious events instead of simply locking users out for terminating their connections mid-session.

North America has the largest market share of the AI in cybersecurity market due to its position as the world’s leading technology and cybersecurity company. Some of the big companies that are located in the region include NVIDIA Corporation, Intel Corporation, IBM Corporation, Microsoft Corporation, among others, which promote innovation and boost the market. It should be mentioned that North American companies and organizations tend to be technology leaders, including the use of artificial intelligence for cybersecurity. This forward-thinking approach contributes to the expansion of the market and raises the bar for AI solutions, making the region a key player in the global cybersecurity landscape. 

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Global AI In Cybersecurity Market

Product ID: SQMIG45F2068

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