The artificial intelligence in cybersecurity market size is expected to see exponential growth in the next few years. It will grow to $64.59 billion in 2028 at a compound annual growth rate (CAGR) of 22.5%. The growth in the forecast period can be attributed to increase in sophistication of malware, ai-enhanced threat hunting, exponential growth of data, zero-day threat protection, integration with security orchestration. Major trends in the forecast period include collaborative threat intelligence, behavioral analytics, threat intelligence automation, adversarial machine learning defense, cloud security integration.
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Segmentation & Regional Insights
The artificial intelligence in cybersecurity market covered in this report is segmented –
1) By Offering: Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing
3) By Deployment Mode: Cloud, On-Premise
4) By Application: Antivirus Or Antimalware, Data Loss Prevention, Fraud Detection Or Anti-Fraud, Identity And Access Management, Intrusion Detection Or Prevention System, Risk And Compliance Management, Security And Vulnerability Management, Threat Intelligence, Other Applications
5) By End-User: BFSI (Banking, Financial Services, And Insurance), Enterprise, Retail, Government And Defense, Manufacturing, Healthcare, Automotive And Transportation, Infrastructure, Other End Users
North America was the largest region in the artificial intelligence in cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing instances of cyber threats are expected to propel the growth of artificial intelligence in cybersecurity market going forward. A cyber threat is defined as a malicious act intended to steal or damage data or disrupt the digital well-being and stability of an enterprise. Artificial intelligence plays a crucial role in cybersecurity by leveraging advanced algorithms to rapidly detect, analyze, and mitigate evolving cyber threats, enhancing overall threat intelligence and response capabilities. For instance, in November 2022, according to the Annual Cyber Threat Report 2022 by the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in Australia were 76,000 in 2022, representing an increase of nearly 13% from the previous year. Therefore, the increasing instances of cyber threats are driving the growth of artificial intelligence in cybersecurity market.
Key Industry Players
Major companies operating in the artificial intelligence in cybersecurity market report are Samsung Electronics Co Ltd., Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Micron Technology Inc., NVIDIA Corporation, Trellix, Palo Alto Networks Inc., Fortinet Inc., Symantec Corporation, NortonLifeLock, Xilinx Inc., Gen Digital Inc., Palantir Technologies, CrowdStrike, Zscaler, LexisNexis, FireEye Inc., Darktrace, SentinelOne, Vectra AI Inc., Cybereason, Venafi Inc., Securonix Inc., Cylance Inc., SparkCognition, Tessian, Acalvio Technologies Inc.
The artificial intelligence in cybersecurity market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence in Cybersecurity Market Characteristics
3. Artificial Intelligence in Cybersecurity Market Trends And Strategies
4. Artificial Intelligence in Cybersecurity Market – Macro Economic Scenario
5. Global Artificial Intelligence in Cybersecurity Market Size and Growth
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32. Global Artificial Intelligence in Cybersecurity Market Competitive Benchmarking
33. Global Artificial Intelligence in Cybersecurity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence in Cybersecurity Market
35. Artificial Intelligence in Cybersecurity Market Future Outlook and Potential Analysis
36. Appendix
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