Global Artificial Intelligence in Cybersecurity Market Revenue, Opportunity, Segment, and Key Trends Analysis to 2029Posted by Karthik Pilla on June 20th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Artificial Intelligence in Cybersecurity Market by Technology (ML, NLP), Security (Endpoint, Cloud, Network), Application (DLP, UTM, IAM, Antivirus, IDP), Industry (Retail, Government, BFSI, IT, Healthcare), and Region - Global Forecasts to 2029” under Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports. The research report titled, “Artificial Intelligence in Cybersecurity Market by Technology (ML, NLP), Security (Endpoint, Cloud, Network), Application (DLP, UTM, IAM, Antivirus, IDP), Industry (Retail, Government, BFSI, IT, Healthcare), and Geography - Global Forecasts to 2029,” provides in-depth analysis of AI in cybersecurity market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2029. The Artificial Intelligence in Cybersecurity Market is expected to reach .22 billion, at a CAGR of 24.2% during the forecast period of 2022 to 2029 The growth in this market is driven by factors such as the increasing demand for advanced cyber security solutions, the frequency and complexity of cyber threats & services, and the rising demand for AI-based cybersecurity platforms in the banking sector. Furthermore, the growing need for AI-based cybersecurity solutions among small and medium-sized enterprises is creating new growth opportunities for vendors in the AI in the cybersecurity market. However, factors such as the vulnerability issues associated with IoT devices and misconceptions, and a lack of knowledge regarding AI in cybersecurity solutions pose serious challenges to the adoption of AI in cybersecurity solutions, thereby hampering the market’s growth. Based on component, the AI in cybersecurity market is segmented into software, hardware, and services. In 2022, the software tools segment is estimated to account for the largest share of the global AI in cybersecurity market. This segment is also projected to register the highest CAGR during the forecast period. The high growth of this market is attributed to the increasing demand for AI platform solutions for security operations and the growing number of data security concerns. In addition, the rising demand for robust and cost-effective security solutions among business enterprises to strengthen their cybersecurity infrastructure is leading to the growth of this segment during the forecast period. Based on technology, AI in cybersecurity market is segmented into machine learning, natural language processing, and context-aware computing. In 2022, the machine learning segment is estimated to account for the largest share of AI in cybersecurity market. Also, this segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to its increased ability to collect, process, and handle big data from different sources and offer rapid analysis & prediction. Machine learning technology also helps analyse user behaviour, find threats, and respond to active attacks in real-time. Based on end-use industry, the AI in cybersecurity market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, energy, automotive & transportation, infrastructure, aerospace, government & defense. In 2022, the IT & telecommunication segment is estimated to account for the largest share of the global AI in cybersecurity market. However, the healthcare segment is slated to grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to the growing demand for advanced cybersecurity solutions & privacy concerns, the increase in frequency & complexity of cyber threats, and the growing adoption of IoT & connected devices across the healthcare sector. Based on geography, the AI in cybersecurity market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is estimated to account for the largest share of the AI in cybersecurity market, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large market share of this segment is attributed to the presence of prominent players offering advanced AI in cybersecurity solutions and services across different sectors in this region. In addition, the increasing sophistication of cyber-attacks, proliferation of cloud-based solutions, and growing awareness regarding AI in cybersecurity among small and medium-sized enterprises are expected to propel the demand for AI in cybersecurity solutions during the forecast period. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. Some of the key players operating in the AI in cybersecurity market are Amazon Web Services, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), FireEye, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Micron Technology, Inc. (U.S.), Check Point Software Technologies Ltd. (U.S.), Imperva, Inc. (U.S.), McAfee LLC (U.S.), LogRhythm, Inc. (U.S.), Sophos Ltd. (U.S.), NortonLifeLock Inc. (U.S.), and CrowdStrike Holdings, Inc. (U.S.), among others Key questions answered in the report- Scope of the Report: AI in Cybersecurity Market, by Deployment Type Browse our full report with Table of Content : About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |