Global Artificial Intelligence (AI) In Cyber Security Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Global AI in cyber security market size accounted 10.75 billion in 2020 is estimated to reach 100.1 billion by 2030 growing with a CAGR of 25% during the forecast period.Demand for artificial intelligence is growing considerably, and cyber security is one among them. Artificial intelligence in cyber security decreases the workload of cyber security engineers, as it handles highly complicated situations that cannot be accurately resolved by humans. Organizations are forced to employ high security technologies such as artificial intelligence owing to the constantly increasing cyber-attacks. Small and medium enterprises are more vulnerable to cyber-attacks than large enterprises due to the lack of strong and secure infrastructure. AI in cyber security is estimated to witness a significant growth in the forecasted period attributed to the increasing utilization of security solutions and services by organizations. According to the research study by Consumer Technology Association, 44% of global organizations are implementing the artificial intelligence to encounter the cyber-attacks.
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Market Dynamics and Factors:
Increase in the adoption of Internet of Things and connected devices concurrently increased the chances of cyber-attacks. According to the research study, cyber-attack reported in 2016 was 82,000 and it reached 159,700 in 2017. Growing number of cyber-crimes faced by the organizations forced them to adopt AI in cyber security thereby fostering the market progression. Identity and payment card theft is one of the common attacks encountered by large enterprises and these crimes when left unresolved can lead to huge financial losses. AI in cyber security market is majorly focusing on cyber threats by early threat detection, reducing response time, and partition of threat by priority. AI solutions offer wider security coupled with complete recognition and solution for cyber-attacks, when compared to human potential. Therefore, rising cyber security threats majorly drive the AI in cyber security market growth. However, inadequacy in technical expertise for artificial intelligence implementation hampers the AI in cyber security industry development. According to the research study by Tencent Holdings, approximately 300,000 professionals around the globe possess the required expertise in AI applications. Escalating demand for cloud based security systems among SME’s and rising awareness regarding cyber threats is anticipated to propel the AI in cyber security market growth in coming years. Approximately 88% of businesses are estimated to increase their expense on cyber security in the next two years and around 10% companies are expected to double the cyber security budgets.
Market Segmentation:
Global Artificial Intelligence (AI) In Cyber Security Market – By Offering
Hardware
Software
Services
Global Artificial Intelligence (AI) In Cyber Security Market – By Security
Endpoint
Network
Cloud
Application
Global Artificial Intelligence (AI) In Cyber Security Market – By Technology
Machine Learning
Context Awareness
NLP (Neuro-Linguistic Programming)
Global Artificial Intelligence (AI) In Cyber Security Market – By Security Solution
Identity & Access Management
Antivirus/Antimalware
Risk & Compliance Management
Encryption
Intrusion Detection/Prevention Systems
Data Loss Prevention
Unified Threat Management
Others
Global Artificial Intelligence (AI) In Cyber Security Market – By End-User
BFSI (Banking, Financial Services And Insurance)
Government & Defence
Retail
Enterprises
Manufacturing
Healthcare
Infrastructure
Automotive & Transportation
Others
Global Artificial Intelligence (AI) In Cyber Security Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Owing to the presence of major key players such as IBM (International business machine) Corporation, Intel Corporation and Cisco System North America is dominating in the AI in cyber security market. Due to the increasing cyber threat among the banking, government, and financial sectors coupled with the awareness regarding the security threats in North America, helps this region to attain the top position in the market.
Competitive Scenario:
Some of the major key players in AI in cyber security market are IBM Corporation, Cisco System, Intel Corporation, Amazon Web Services, Inc., Cylance Inc., Acalvio Technologies, Inc., Nvidia Corporation, Xilinx, Inc., Micron Technology, Inc., Darktrace, Cylance Inc., Vectra AI, Inc, Securonix, Inc, Symantec Corporation, and SparkCognition Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Artificial Intelligence (AI) In Cyber Security industry, although key threats, opportunities and disruptive technologies that could shape the Global Artificial Intelligence (AI) In Cyber Security Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Artificial Intelligence (AI) In Cyber Security Market most.
The data analysis present in the Global Artificial Intelligence (AI) In Cyber Security Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Artificial Intelligence (AI) In Cyber Security Market business.
The 2021 Annual Global Artificial Intelligence (AI) In Cyber Security Market offers:
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Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Artificial Intelligence (AI) In Cyber Security Market type
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