Global Ai In Cybersecurity Market Size 2024, Forecast To 2033
6 Mar, 2024
The AI in cybersecurity market size has grown exponentially in recent years. It will grow from $20 billion in 2023 to $25.08 billion in 2024 at a compound annual growth rate (CAGR) of 25.4%. The growth in the historic period can be attributed to proof of AI efficacy, emergence of predictive analytics, big data utilization, evolving cybersecurity landscape, early adoption of AI techniques. The AI in cybersecurity market size is expected to see exponential growth in the next few years. It will grow to $62.56 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to increasing cyber threat sophistication, growing adoption of IoT devices, demand for real-time threat detection, shift to cloud-based security, cybersecurity skills gap. Major trends in the forecast period include AI in endpoint security, threat intelligence and information sharing, AI-enhanced incident response, AI-powered authentication, prediction and preemptive measures.
Global AI In Cybersecurity Market Key Driver
The rise in cybercrimes is expected to drive the growth of the AI in cybersecurity market. Cybercrime encompasses any illegal activity conducted through computers or digital networks with malicious intent, including data theft, system disruption, and fraud. Artificial intelligence plays a crucial role in combating cyber threats by offering advanced security solutions capable of real-time detection, analysis, and response, thereby minimizing false positives. In 2022, investment fraud complaints reported to the Federal Bureau of Investigation (FBI) in the United States surged to $3.31 billion, marking a notable 127% increase from the $1.45 billion reported in 2021. Notably, cryptocurrency investment fraud witnessed a substantial rise from $907 million in 2021 to $2.57 billion in 2022, representing a remarkable 183% increase. Therefore, the escalation in cybercrimes is fostering the expansion of the AI in cybersecurity market.
Get A Free Sample Of The Global AI In Cybersecurity Market ReportGlobal AI In Cybersecurity Market Segments
The ai in cybersecurity market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: Machine learning, Natural Language Processing (NLP), Context-Aware Computing
3) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security
4) By Application: Identity and Access Management, Risk and Compliance Management, Data Loss Prevention, Unified Threat Management, Security and Vulnerability Management, Antivirus or Antimalware, Fraud Detection or Anti-Fraud, Intrusion Detection or Prevention System, Threat Intelligence, Other Applications
5) By End Users: Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing, Infrastructure, Enterprise, Healthcare, Automotive and Transportation, Government and Defense, Other End-Users
By Geography:The regions covered in the ai in cybersecurity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the AI in cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global AI In cybersecurity market report during the forecast period. The regions covered in the ai in cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major AI In Cybersecurity Industry Players
Nvidia Corporation, Intel Corporation, Xilinx Inc., International Business Machines Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., Amazon Web Services Inc., Microsoft Corporation, Palo Alto Networks Inc., CrowdStrike Holdings Inc., NortonLifeLock Inc., Cylance Inc., FireEye Inc., Check Point Software Technologies Ltd., Darktrace Plc, McAfee LLC, Symantec Corporation, Fortinet Inc., Cisco Systems Inc., Splunk Inc., Varonis Systems Inc., Trend Micro Incorporated, Sophos Group plc, Carbon Black Inc., Dragos Inc., Zscaler Inc., CyberArk Software Ltd., Lookout Inc., XM Cyber Ltd., Axonius Inc.
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AI In Cybersecurity Market Overview
Artificial Intelligence (AI) in cybersecurity refers to the application of AI technologies and techniques to enhance and strengthen cybersecurity measures. It is the process of analyzing large amounts of risk data as well as the link between hazards in a company's information systems to detect, prevent, and respond to threats and attacks more efficiently and effectively.
AI In Cybersecurity Global Market Report 2023 provides data on the global ai in cybersecurity market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ai in cybersecurity market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.