The market for artificial intelligence in cybersecurity is worth more than USD 16.5 billion. By the end of 2032, the market is expected to have grown at a compound annual growth rate (CAGR) of 16.2% during the next 10 years, reaching a valuation of around USD 91.7 billion. The rising need for advanced cybersecurity and privacy solutions is one of the main reasons propelling the market’s expansion.
With the help of AI-based cybersecurity solutions, it is now feasible to radically abandon signature-based detection in favor of more adaptable and ongoing network monitoring when it deviates from expected behavior.
Businesses utilize AI to identify malware, phishing and spam assaults, compromised computers, fraudulent payments, and network infrastructure.
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North America will see continued revenue growth in Artificial Intelligence in the Cybersecurity Market throughout the Analysis Period:
Due to the concentration of key players and new start-ups in the region, the expansion of government initiatives aimed at advancing technologies like artificial intelligence, the widespread use of cloud-based services, the growing sophistication of cyberattacks, and the rise in cyber threats, North America currently holds a sizeable market share.
North America dominated the artificial intelligence in cyber security market ecology in 2020, accounting for 38.3% of global sales. The expansion is thought to have been aided by the presence of well-known companies like IBM, Cisco Systems Inc., Dell Root 9B, Check Point Software Technologies Ltd., and Palo Alto Networks, which provide cutting-edge solutions and services to all the local industries.
Artificial Intelligence in the Cybersecurity Market: Competition Insights:
Artificial Intelligence in Cybersecurity companies is largely setting up Joint ventures and aiming for acquisition and mergers. The key companies operating in the Artificial Intelligence in Cybersecurity Market include NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation.
Key Segments Covered In Artificial Intelligence In Cybersecurity Market Survey
By Offering:
- Hardware
- Processors
- Memory
- Network
- Software
- AI Platform
- AI Solutions
- Service
- Deployment & Integration
- Support & Maintenance
By Deployment Type:
- Cloud
- On-Premise
By Security Type:
- Network Security
- Endpoint Security
- Application Security
- Cloud Security
By Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
By Application:
- Identity & Access Management
- Risk & Compliance Management
- Data Loss Prevention
- Unified Threat Management
- Security & Vulnerability Management
- Antivirus/Antimalware
- Fraud Detection/Anti-Fraud
- Intrusion Detection/Prevention System
- Threat Intelligence
- Others
By End-User:
- BFSI
- Retail
- Government & Defence
- Manufacturing
- Infrastructure
- Enterprise
- Healthcare
- Automotive & Transportation
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
