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The 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.
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Global AI in Cyber Security Market enquiry@vynzresearch.com www.vynzresearch.com
Industry Overview The global AI in cyber security market is predicted to grow at 35.0% CAGR during the forecast period with the market size reaching USD 31.2 billion by 2024. Different technologies including natural language processing, machine learning, and image processing are majorly contributing to the AI in Cyber Security market size. The market has witnessed significant demand for these technologies and services over the last few years due to increasing adoption of internet of things (IoT), vulnerability of systems connected to Wi-Fi networks, and increasing number of cyber-attacks. Explore Full Report Description at: https://www.vynzresearch.com/ict-media/artificial-intelligence-in-cyber-security-market
market segmentation • Based on technology, the AI in cyber security market is categorized into natural language processing, speech recognition, machine learning, and image processing, of which machine learning technology holds the largest share in the AI in cyber security market, globally. The machine learning technology offers rapid analysis, prediction and processing of data from unlimited number of sources and also helps in analyzing user behavior and interpret them, which makes it’s the most utilized technology for AI in cyber security market.
Geographic Overview • Geographically, North America is the largest AI in cybersecurity market as the number of mobile malware attacks are increasing in the country and increasing usage of connected devices in the region. Moreover, in the U.S., largenumber of industry players spend largesum of capital to tackle the cybersecurity threats. Asia-Pacific is observed to witness the fastest growth for AI solutions in cyber security during the forecast period. Different organizations including larges as well as small enterprises are adopting these technologies to ensure security from cyber-attacks.
Competition among keyplayers • Market players in the AI in cybersecurity industry are investing capital to develop technologically advanced systems for anomaly detection, web filtering, intrusion detection, and data loss prevention among others. 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 cybersecurity.
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