AI in Cybersecurity Market Outlook By Size, Demand Status Of Type, Applications

Posted by Devanshu Shrivastava on November 24th, 2020

The growing prevalence of cybercrimes is pushing up the demand for the integration of AI in cyber security solutions across the world. This is because AI-integrated cyber security solutions play a major role in reducing the incidence of frauds and other cyber-attacks. According to various reports, cyber frauds such as payment card and identity thefts account for more than 55% of all reported cybercrimes and cause huge losses to businesses, if not dealt with quickly.

The AI-based solutions combat these attacks by detecting threats early, reducing the response time, and refining the methods required for distinguishing the attacks that need immediate attention. According to the observations of the U.S. Government Accountability Office (GAO) in August 2019, in spite of taking various measures for combating cyber incidents, the prevalence of these attacks is rising rapidly every year. This is, in turn, fueling the popularity of AI-integrated cybersecurity solutions. 

In addition to the aforementioned factors, the enactment of bring-your-own-device (BYOD) policy in several countries is also propelling the demand for AI-powered cybersecurity solutions. As the BYOD policy improves employee satisfaction and enhances productivity, it is increasingly being adopted by various organizations around the world.

However, the BYOD method poses major challenges by making valuable corporate data vulnerable to frauds and cyberattacks. The devices used by employees have various capabilities and cannot be fully evaluated by the IT professionals. This market research report provides a comprehensive overview of the AI in cyber security market

• Historical and the present size of the AI in cyber security market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential