WESTFORD, Mass., July 12,
2024 /PRNewswire/ -- According to SkyQuest, the
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).
Artificial intelligence technology is being used in
cybersecurity to improve the security of digital networks and
solutions as the threat landscape evolves rapidly. The growing
incidence of cyberattacks and the need for automation of
cybersecurity are promoting the use of AI in cybersecurity. The
global artificial intelligence (AI) in cybersecurity market is
segmented into offering, security type, technology, application,
vertical, and region.
Download a detailed overview:
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Artificial Intelligence (AI) In Cybersecurity Market
Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 22.49
billion
|
Estimated Value by
2031
|
$ 114.30
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 22.53%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Security Type,
Technology, Application and Vertical
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Emphasis on improving
identity and access management to create better AI in cybersecurity
solutions
|
Key Market
Opportunities
|
Use of machine learning
to identify potential threat patterns
|
Key Market
Drivers
|
Deployment of novel
AI-based cybersecurity solutions by enterprises driving market
development
|
Segments covered in Artificial Intelligence (AI)
In Cybersecurity Market are as follows:
- Security Type
- Infrastructure Security (Network Security, Endpoint Security,
Cloud Security, and Others), Data Security, Application Security,
and Others
- Technology
- Machine Learning (ML), Natural Language Processing (NLP),
Context-Aware Computing
- Application
- Identity & Access Management, Risk & Compliance
Management, Data Loss Prevention, Unified Threat
Management, Fraud Detection, and Others
- Vertical
- BFSI, IT & Telecom, Government & Defense,
Manufacturing, and Others
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Services to Spearhead the Global Artificial Intelligence (AI)
in Cybersecurity Market Growth
Artificial intelligence is a highly advanced technology, and
organizations need assistance to deploy it in cybersecurity
applications. From consulting to integration all kinds of services
are highly vital in the global artificial intelligence (AI) in
cybersecurity market growth over the coming years. Not all
companies have the resources to deploy AI in cybersecurity by
themselves, which is why the services sub-segment holds sway in the
global market.
Rapid advancements in AI technology fuel the need for novel
software solutions and updates for the same allowing the software
sub-segment to boost market growth. Use of advanced machine
learning algorithms and integration of other advanced technologies
will also help amplify artificial intelligence (AI) in
cybersecurity company's business scope through this sub-segment.
The increasing complexity of the regulatory environment and
cyberattacks will always boost the demand for new software
solutions.
Machine Learning is the Essence of AI in Cybersecurity
Market
Machine learning algorithms go above and beyond when used for
cybersecurity as they help in identifying patterns and analyzing
huge volumes of data to provide better security suggestions.
Preventive threat protection actions can be used by deploying
predictive threat detection using machine learning, thereby
favoring artificial intelligence (AI) in cybersecurity market
growth too. Machine learning is becoming an integral part of all
AI-based cybersecurity solutions and systems.
Text-based attacks have increased in prevalence and frequency
around the world and this is why the need for natural language
processing (NLP) technology is rising rapidly. Use of NLP in
AI-based cybersecurity solutions Better communication and a
simplified nature of AI-based security can be achieved by the
extensive deployment of NLP technology.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/global-ai-in-cybersecurity-market
Identity and Access Management to Remain the Primary Wall in
AI-based Cybersecurity Defense
The use of artificial intelligence in identity and access
management is projected to take cybersecurity to a new level. Use
of multi-factor authentication and single sign-on features can
easily be enabled by using AI in identity and access management
functions of cybersecurity. The increasing complexity of the
regulatory environment to reduce the incidence of cyberattacks is
promoting the demand for AI-based risk and compliance management
solutions. In the age of information data is the currency and
safeguarding this data is of utmost importance to all
organizations. Data loss prevention application is also slated to
provide attractive opportunities for artificial intelligence (AI)
in cybersecurity companies in the long run.
Artificial intelligence (AI) in cybersecurity market players
should take caution while investing in any of the segments of this
market as this is a highly sensitive and regulated industry.
Targeting the use of machine learning and natural language
processing algorithms in this market could be highly rewarding for
new as well as established artificial intelligence (AI) in
cybersecurity companies in the near future.
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technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
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We work closely with innovators, inventors, innovation seekers,
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sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
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SkyQuest Technology
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USA (+1) 351-333-4748
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SOURCE SkyQuest Technology