Global Artificial Intelligence in Cybersecurity Market Size To Worth USD 96.81 Billion by 2032 | CAGR of 20.3%

Global Artificial Intelligence in Cybersecurity Market worth $96.81 billion by 2032

According to a research report published by Spherical Insights & Consulting, The Global Artificial Intelligence in Cybersecurity Market size is to grow from USD 15.25 billion in 2022 to USD 96.81 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.

Browse key industry insights spread across 220 pages with 133 Market data tables and figures & charts from the report on " Global Artificial Intelligence in Cybersecurity Market Size, Share, and COVID-19 Impact Analysis, By Type (Network Security, Endpoint Security, Application Security, and Cloud Security), By Offering (Hardware, Software, and Services), By Technology (Machine Learning, Natural Language Processing, and Context-Aware Computing), By Application (Identity & Access Management, Risk & Compliance Management, Data Loss Prevention, Fraud Detection/Anti-Fraud, and Others), By Vertical (BFSI, Retail, Government & Defense, Manufacturing, Healthcare, Automotive & Transportation, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/artificial-intelligence-in-cybersecurity-market

Artificial intelligence is transforming cybersecurity by bolstering threat detection, prevention, and response capabilities. AI systems leverage machine learning algorithms to analyze vast datasets, identify patterns, and detect anomalies, enabling swift identification of potential cyber-attacks. Automation facilitated by AI enhances security processes, reduces response times, and augments human capabilities. Proactive threat hunting, behavior-based authentication, and threat intelligence analysis are empowered by AI. However, challenges such as adversarial attacks and ethical concerns arise with increased AI adoption. Integrating AI into cybersecurity strategies is vital to stay ahead of evolving threats and safeguarding critical assets in the ever-changing cyber landscape.

The government & defense segment is expected to grow at a CAGR of around 23.4% during the forecast period

Based on vertical, the global artificial intelligence in cybersecurity market is segmented into BFSI, retail, government & defense, manufacturing, healthcare, automotive & transportation, and others. The government and defense sector are poised for significant growth in the forecast period in the field of cybersecurity. Several factors contribute to this expected surge. Governments worldwide are increasingly recognizing the importance of securing their critical infrastructure and sensitive data from cyber threats. This recognition drives substantial investments in advanced cybersecurity solutions. Additionally, the growing sophistication of cyber-attacks targeting government agencies and defense organizations necessitates robust cybersecurity measures. The adoption of emerging technologies like AI and machine learning, coupled with strict regulatory requirements, further fuels the demand for advanced cybersecurity solutions in the government and defense sectors.

The fraud detection/anti-fraud segment held the largest market share of around 24.8% in 2022

Based on application, the global artificial intelligence in cybersecurity market is segmented into identity & access management, risk & compliance management, data loss prevention, fraud detection/anti-fraud, and others. The fraud detection/anti-fraud segment has secured the largest market share in the cybersecurity industry. This dominance can be attributed to several key factors. The rise in sophisticated cyber fraud and financial crimes has necessitated robust fraud detection systems. Organizations across sectors, including banking, e-commerce, and insurance, heavily invest in anti-fraud solutions to protect their customers and assets. The increasing adoption of digital payment systems and online transactions has created new avenues for fraudulent activities, emphasizing the need for effective fraud prevention measures. Moreover, advancements in technologies such as artificial intelligence and machine learning have enhanced the accuracy and efficiency of fraud detection systems, further driving the growth of this segment.

Europe is predicted to grow at a higher CAGR of around 24.5% over the projected period

Based on region, Europe is poised for rapid growth in the forecast period in the field of artificial intelligence in cybersecurity. Several factors contribute to this expected surge. The region has stringent data protection regulations, including the general data protection regulation, which prioritizes data privacy and security. This regulatory environment drives the adoption of AI-powered cybersecurity solutions. European organizations face a growing number of cyber threats, necessitating advanced technologies like AI to protect critical assets. Additionally, Europe has a robust technology ecosystem and a skilled workforce, fostering innovation and research in AI. The increasing awareness of cybersecurity risks and the need for proactive defense measures further fuel the growth of AI in cybersecurity in the European market.

Some of the major players in the global artificial intelligence in cybersecurity market include Acalvio Technologies, Inc., Amazon Web Services, Inc., Cylance Inc., Darktrace, FireEye, Inc., Fortinet, Inc., IBM Corporation, Intel Corporation, LexisNexis, and Micron Technology, Inc.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global artificial intelligence in cybersecurity market based on the below-mentioned segments:

Artificial Intelligence in Cybersecurity Market, By Type

• Network Security
• Endpoint Security
• Application Security
• Cloud Security

Artificial Intelligence in Cybersecurity Market, By Offering

• Hardware
• Software
• Services

Artificial Intelligence in Cybersecurity Market, By Technology

• Machine Learning
• Natural Language Processing
• Context-Aware Computing

Artificial Intelligence in Cybersecurity Market, By Application

• Identity & Access Management
• Risk & Compliance Management
• Data Loss Prevention
• Fraud Detection/Anti-Fraud
• Others

Artificial Intelligence in Cybersecurity Market, By Vertical

• BFSI
• Retail
• Government & Defense
• Manufacturing
• Healthcare
• Automotive & Transportation
• Others

Artificial Intelligence in Cybersecurity Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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