AI in Cyber Security Market

Global AI in Cyber Security Market Size (2024 to 2032)

The global artificial intelligence (AI) in cyber security market is predicted to reach USD 10.85 billion in 2024 and USD 57.96 billion by 2032, growing at a CAGR of 23.30% during the forecast period.

Artificial intelligence has proven to be a crucial tool in reducing costs associated with various processes, development, manufacturing, automation, monitoring, adaptation, and many others. In contrast, AI in cyber security enables the expertise to analyze, study, and understand cybercrime with speech recognition technology, Facebook facial recognition software, and also Google’s search engine as it is designed in such a way that it responds to the cyber-attacks in a few milliseconds.

MARKET DRIVERS

The increasing vulnerability of WiFi networks to security threats is expected to play an essential role in the growth of the market of Artificial Intelligence in Cyber Security across the globe.

Another factor, such as underlying opportunities for Artificial Intelligence in the cybersecurity market, promotes the growth of the revenue rate of Artificial Intelligence in the Cyber Security market during the forecast period. Furthermore, the growing need for cloud-based security solutions among small and medium-sized enterprises and also increased use of social media for business functions, increased number of connected devices, growing adoption of the Internet of Things, and rising instances of cyber threats are some of the major growth supporting factors of Artificial Intelligence in Cyber Security market.

MARKET RESTRAINTS

The incapability of Artificial Intelligence against a zero-day threat is one of the crucial barriers to market growth. The unavailability of professional expertise is also one of the major restraints hindering the growth of artificial intelligence in the security market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global AI in Cyber Security Market Analysis By Offering

The hardware segment held a prominent share and is predicted to remain at the forefront throughout the forecast period.

Global AI in Cyber Security Market Analysis By Deployment Type

The on-premises deployment segment holds the major market share and is expected to dominate during the forecast period.

Global AI in Cyber Security Market Analysis By Security Type

Among these segments, the cloud security segment held the prominent share, and it is predicted to remain at the forefront in the upcoming years due to the increased adoption of cloud services across the globe.

Global AI in Cyber Security Market Analysis By Technology

The machine learning segment holds the major share of the market. It is expected to dominate during the forecast period due to the increased adoption of machine learning among the key end-users.

REGIONAL ANALYSIS

North America has a prominent market share due to factors such as the rising adoption of Artificial Intelligence in cybersecurity solutions. Furthermore, increasing challenges related to cyber threats and the rise of advanced technologies implemented to manage the cyber security landscape also promote the market's growth. The North American region is expected to hold dominance during the forecast period. Europe is next to North America in dominating the shares of artificial intelligence in the cyber security market. Rising disposable income and the growing utilization of smartphones, laptops, and other electronic devices are majorly propelling the market demand in Europe. The Asia Pacific region is also expected to increase market growth due to the growing penetration of the internet and the shift towards digitization of internal processes, which propels the demand for AI in the cyber security market in the Asia Pacific region. Latin America, Middle East & Africa are expected to grow significantly in the coming years.

KEY PARTICIPANTS IN THE GLOBAL AI IN CYBER SECURITY MARKET

The major companies operating in the global AI in cyber security market include Micron Technology, Inc. (US), IBM Corporation (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), Amazon Web Services, Inc. (US), VIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Darktrace (UK), Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Symantec Corporation (US), and others.

RECENT HAPPENINGS IN THE GLOBAL AI IN CYBER SECURITY MARKET

• In March 2019, NVIDIA Company recently announced the release of an AI computer named Jetson Nano, making it possible to create millions of intelligent systems.

• Cylance Company has announced its Cylance native AI platform, which delivers a full suite of security solutions through a single, agile agent for comprehensive attack surface protection. The platform's DNA contains deep learning AI algorithms to support automated threat detection, prevention, forensic investigation, and response capabilities for customers worldwide.

• Darktrace company has announced a strategic partnership that combines Dark Trace’s cyber-artificial intelligence with Endace’s unparalleled forensic capabilities. In contrast, this combined solution empowers organizations to discover in-progress attacks anywhere on the digital infrastructure with Darktrace’s Artificial Intelligence.

• Symantec Company has announced new data loss prevention capabilities that make it easier for customers to protect their confidential data from malicious data-stealing apps and help meet regulatory compliance requirements.

• Cylance Company has acquired Blackberry Limited. Cylance’s machine learning and artificial technology are strategic additions to Blackberry’s end-to-end secure communications portfolio.

DETAILED SEGMENTATION OF THE GLOBAL AI IN CYBER SECURITY MARKET INCLUDED IN THIS REPORT

This research report on the global Artificial Intelligence in cyber security market is segmented based on offering, deployment type, security type, technology, application, end-user, and region.

By Offering

• Hardware

• Software

• Services

By Deployment Type

• On-Premises

• Cloud

By Security Type

• Network Security

• Endpoint Security

• Application Security

• Cloud Security

By Technology

• Context-Aware Computing

• Machine Learning

• Natural Language Processing

By Application

• Anti-virus/Anti Malware

• Data Loss Prevention

• Fraud Detection / Anti-Fraud

• Intrusion Detection/ Prevention System

• Security and Vulnerability Management

• Unified Threat Management

• Others (Firewall, Disaster Recovery, DDoS Mitigation, Web Filtering, Application Whitelisting, Patch Management) 

The anti-virus/anti-malware segment holds the major share of the market.

By End User

• BFSI

• Retail

• Government and Defence

• Manufacturing

• Infrastructure

• Enterprise

• Healthcare

• Automotive and Transportation 

• Others

By Region

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa