What Has Been The Evolution of the Artificial Intelligence in Cybersecurity Market in Recent Years?
The artificial intelligence in cybersecurity market has seen considerable growth due to a variety of factors.
• The market size for artificial intelligence in cybersecurity has seen considerable growth in the recent past. The anticipated growth is from $28.68 billion in 2024 to reach $35.22 billion in 2025, projecting a compound annual growth rate (CAGR) of 22.8%.
Rising cyber risks, the use of automation in detecting threats, a lack of skilled cybersecurity professionals, advanced persistent threats, breaches of data and concerns about privacy are some of the contributing factors to the growth experienced during the historic period.
What Are the Future Growth Projections for the Artificial Intelligence in Cybersecurity Market?
The artificial intelligence in cybersecurity market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of artificial intelligence in cybersecurity is projected to witness substantial expansion in the coming years. By 2029, it is estimated to surge to $79.09 billion, representing a compound annual growth rate (CAGR) of 22.4%.
The rise during the projected period can be linked to factors like the growing complexity of malware, threat hunting enhanced by AI, data's explosive growth, zero-day threat defense, and security orchestration integration. Key trends expected throughout the forecast period encompass collaborative threat intelligence, behavioral analytics, automation of threat intelligence, defense against adversarial machine learning, and integration of cloud security.
What Are The Core Factors Supporting Growth In The Artificial Intelligence in Cybersecurity Market?
The rise in cyber threat incidences is anticipated to boost the development of the artificial intelligence in cybersecurity market. A cyber threat is a malicious act aimed at stealing, damaging data, or undermining the digital security and stability of a business. Artificial intelligence, utilizing sophisticated algorithms, is pivotal in cybersecurity, capable of quickly identifying, analyzing, and neutralizing emerging cyber threats, thus enhancing the overall capacity for threat intelligence and response. For example, the Annual Cyber Threat Report 2022 by the Australian Cyber Security Centre, an agency based in Australia, reported that the number of cybercrimes reported in Australia escalated to 76,000 in 2022, a nearly 13% increase from the prior year. As a consequence, the surge in cyber threat incidences is fueling the growth of the artificial intelligence in the cybersecurity market.
What Are The Major Segments Within The Global Artificial Intelligence in Cybersecurity Market?
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
Subsegments:
1) By Software: Threat Detection And Response, Identity And Access Management, Data Loss Prevention, Endpoint Security, Network Security, Security Information And Event Management (SIEM), Fraud Detection
2) By Services: Consulting Services, Managed Security Services, Training And Support Services
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What Trends Are Reshaping The Future Of The Artificial Intelligence in Cybersecurity Market?
Prominent firms in the AI in cybersecurity market are sharpening their competitive edge by focusing on the development and launch of innovative, technology-driven solutions like AI-enabled cybersecurity assistants. These are sophisticated software tools that use artificial intelligence algorithms and machine learning methodologies to support cybersecurity specialists. For instance, in March 2023, Microsoft Corporation, an American technology company, debuted an AI-enabled cybersecurity assistant called Microsoft Security Copilot. It is designed to empower security professionals to detect and efficiently react to threats using generative AI to offer custom insights and advice while defending at machine-level speed. Security Copilot processes various signals and data, including trillions of daily security signals, to create specific instructions for security experts. The AI assistant was designed to integrate smoothly with existing security tools such as Windows Security, Defender XDR, and Intune to deliver optimal results.
Who Are the Key Players In The Artificial Intelligence in Cybersecurity Market?
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.
What Is The Most Dominant Region In The Artificial Intelligence in Cybersecurity Market?
North America was the largest region in the artificial intelligence in cybersecurity market in 2024. 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.
