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Industry Insights by Technology (Natural Language Processing, Speech Recognition, Machine Learning, and Image Processing), by Service Type (Identity and Access Security Services, Network Security Services, Cloud Security Services, Data Security Services, and Others), by Application (Firewall, Distributed Denial of Services, Anomaly Detection, Web filtering, Intrusion Detection, and Data Loss Prevention
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AI in Cyber Security Market Industry Overview Global AI in Cybersecurity market is predicted to grow at 35.0% CAGR during the forecast period with the market size reaching USD 31.2 billion by 2024. The market is driven by the factors such as increasing stringent data privacy regulations, increasing number of cyber-attacks, increasing adoption of digital solutions, and increasing inclination towards cloud-based solutions from on-premise. The continuous research and development for technologically advanced systems for anomaly detection, web filtering, intrusion detection, and data loss prevention among others., further fuels the growth of the market.
AI in Cyber Security Market Growth Drivers The market for AI in cyber security devices is primarily driven by increasing data frauds and cyber-attacks worldwide. Also, increasing number of internet and social media users, digitalization of banking and finance sectors create immense opportunities for the industry players to develop advance AI systems to provide cyber security. Factors that have been acting as the driving factors for the growth of this industry are: i. The stringent data privacy regulations ii. Increasing adoption of digital solutions iii. Increasing number of cyber-attacks iv. Increasing inclination towards cloud-based solutions from on-premise
AI in Cyber Security Market Geographic Overview: North America accounted for the major share in the AI in cyber security industry in 2017, globally as the players in the region are continuously investing capital for the advancement of AI technology for cyber security. U.S. offers a competitive environment for major players worldwide, as the country is the largest user of AI technology in most of the industrial sectors. This creates traction for the industry players to utilize the opportunities of revenue generation in the country. Asia-Pacific is observed to witness the fastest growth in the AI in cyber security market. Explore Full Report Description At: https://www.vynzresearch.com/ict-media/artificial-intelligence-in-cyber-security-market
AI in Cyber Security Market Competitive Insight Check Point Software Technologies Ltd, Juniper Networks, Inc., Amazon, Inc., Intel Corporation, RSA Security LLC, Palo Alto Networks, Inc., Fortinet, Inc., IBM Corporation, Inc., FireEye, Inc., BAE Systems Plc, Cisco Systems Inc., and Symantec Corporation are some of the key players offering solutions and services for AI in cyber security.
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