Artificial Intelligence In Cybersecurity Market to Reach Valuation of USD 35.43 Billion by 2028 - Surging Demand for Artificial Intelligence In Cybersecurity due to increasing number of cyberattacks to Bloom Market

Vantage Market Research

Apr 14, 2022

In terms of revenue, the Global Artificial Intelligence In Cybersecurity Market is expected to reach USD 35.43 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 22.85 % from 2022 to 2028. The factors driving the growth of the Global Artificial Intelligence In Cybersecurity include the increasing demand for data analytics and machine learning solutions across various industries has led to the adoption of AI technologies in cybersecurity applications. Moreover, the rising number of cyberattacks has increased the need for security solutions that can detect anomalies in real-time. These factors are driving the growth of the AI-based cybersecurity market. Moreover, rising investments in Research and Development (R&D) activities by major players, along with technological advancements have further propelled the growth of the global cybersecurity market. The lack of skilled professionals and high initial costs associated with adopting AI technology pose major restraints for the growth of the AI market. Furthermore, the lack of standardization in the field of AI poses a challenge for its widespread adoption.

Key Highlights from the Report:

  • The software segment is anticipated to grow at a substantial Compound Annual Growth Rate (CAGR). The market growth is attributed to increasing demand for AI platforms solutions and robust and cost- effective security solutions. This growth is driven by the need for businesses to protect themselves from cyber-attacks and rising data security concerns.

  • The machine learning technology segment is anticipated to grow at a substantial Compound Annual Growth Rate (CAGR). It helps organizations to identify and respond to cyberattacks quickly, reduces the amount of time spent performing routine tasks, and enables organizations to use their resources strategically.

  • North America is the largest regional segment. This is attributed to the increasing adoption of AI-based solutions across various industries. In addition, the U.S. government has invested heavily in developing AI-based technologies to enhance national security.

Some of key players 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.

Market Dynamics:

The software segment is expected to grow rapidly due to increasing data security concerns, increased demand for AI platforms solutions, and the surge in the need for robust and cost-effective security solutions among businesses to strengthen their cybersecurity infrastructures.

Machine Learning can analyze historical access data, and identify users who have been accessing applications or systems without permission. AI systems can monitor any unusual activity, and detect if a user is attempting to access a system he usually wouldn't.

North America is expected to emerge as a potential market for Artificial Intelligence In Cybersecurity. This can be attributed to the several emerging start-ups. Increasing government initiatives towards advanced technologies, including artificial intelligence, the advancement in cloud-based solutions, and the increasing sophistication in cyber-attacks all contribute to the emergence of disruptive digital technology.

Artificial Intelligence In Cybersecurity Market Size, Share & Trends Analysis Report by Offering (Hardware, Software, Service), by Deployment type (Cloud, On-Premise), by Security (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), by End User (BFSI, Retail, Government & Defense, Manufacturing), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)