About Artificial Intelligence in Cybersecurity
The artificial intelligence in cybersecurity enhances efficiency and effectiveness of the cyber networks. AI in cybersecurity is used to detect threats and other malicious activities online. The other systems cannot prevent the malware that is created every month, this is where AI can impact positively into providing the cybersecurity by responding in an intelligent way. The cybersecurity companies are programming AI systems to detect viruses and malware so as to run pattern recognition in software. It understands the relevance and consequences of a breach or any change of behavior and develops a real-time proportionate response.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Largest Market Share | 35.91% |
Unit | Value (USD Million) |
CAGR | 16.27% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Check Point, Crowdstrike, FireEye, Fortinet, and Palo Alto Networks, Inc.. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Artificial Intelligence in Cybersecurity market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems, Inc. (United States), BAE Systems (United Kingdom), Fortinet, Inc. (United States), Check Point Software Technologies Ltd. (Israel), IBM (United States), RSA Security LLC (United States), Juniper Networks, Inc. (United States), Palo Alto Networks, Inc. (United States), Cylance Inc. (United States) and Darktrace (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Artificial Intelligence in Cybersecurity market by Type (Machine Learning, Natural Language Processing, Context-Aware Computing and Other), Application (Security & Vulnerability Management, Antivirus/Antimalware, Fraud Detection/Anti-Fraud, Intrusion Detection/Prevention System, Threat Intelligence, Data Loss Prevention and Others) and Region.
On the basis of Type, Machine Learning are dominating the market in the year 2023 where as Natural Language Processing stood as second largest market share.
On the basis of application, BFSI segment is dominating the market and held 29.78% of market share in the year 2023 where as IT & Telecom segment stood as second largest market .On the basis of geography, the market of Artificial Intelligence in Cybersecurity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Artificial Intelligence in Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Artificial Intelligence in Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security, the sub-segment i.e. Network Security will boost the Artificial Intelligence in Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Cloud Solutions in Artificial Intelligence in Cybersecurity and Use of Artificial Intelligence in Cybersecurity of Social Media
Market Growth Drivers:
Increasing Number of Cyber Attacks, Data Breaches, and Hacking Worldwide and Need for Cybersecurity with Security Tools for Timely Actions to Prevent Potential Threats
Challenges:
Increasing Sophistication of Attackers
Restraints:
Issues with Unpredictability of Artificial Intelligence in Cybersecurity and Artificial Intelligence in Cybersecurity Might Pose Greater Threat if Misused
Opportunities:
Growing Technological Advancement in Artificial Intelligence in Cybersecurity and Increasing Awareness About the Cybersecurity Through Various Programs in Organisations
Market Leaders and their expansionary development strategies
In November 2021, Juniper Networks, Inc. announced a new support solution driven by artificial intelligence that delivers holistic visibility and insights over the whole Junos portfolio. The launch makes it easier for service providers, enterprises, and partners to optimize the operation of their networks., In October 2021, FireEye and McAfee Enterprise complete their, combination. The combination and the highly-skilled McAfee Enterprise teams help customers combat attackers while developing an integrated and security platform powered by artificial intelligence and automation. The combined business delivers an integrated security platform designed to protect customers over endpoints, infrastructure, applications, and in the cloud.
On 24th Feb 2020, Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions, announced FortiAI, a first-of-its-kind on-premises appliance that leverages self-learning Deep Neural Networks (DNN) to speed threat remediation and handle time-consuming, manual security analyst tasks. FortiAI’s Virtual Security AnalystTM embeds one of the industry’s most mature cybersecurity artificial intelligence – developed by Fortinet’s FortiGuard Labs – directly into an organization’s network to deliver sub-second detection of advanced threats.
Analyst View
Because of the COVID-19 epidemic, many security teams are likely to work less, making detection of harmful actions more difficult and responding to these operations much more difficult. If security personnel aren't available, updating fixes on systems can be difficult. Organizations can take proactive efforts by instructing their employees and consumers to be more alert and cautious when accessing COVID-19-related links, emails, or documents. Organizations must protect their detection and alerting capabilities while also considering the implications of having a large number of remote workers. Therefore, the Global Artificial Intelligence (AI) in Cyber Security market is expected to witness a substantial growth in its y-o-y growth during the FY-2020 compared to FY 2019 which is again expected to regain its high growth in FY 2021.
Key Target Audience
Artificial Intelligence in Cybersecurity Service Providers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.