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Global AI in Cybersecurity Market Size was valued at USD 15.7 Billion in 2022. The AI in Cybersecurity market industry is projected to grow from USD 19.2 Billion in 2023 to USD 96.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.50% during the forecast period (2023 - 2032). Artificial intelligence (AI) advancements like machine learning and natural language processing are growing at the same time as cyberattacks against high-tech companies, the military, and government institutions are increasing exponentially, are the key market drivers enhancing the market growth.
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Artificial intelligence (AI)-based tools like machine learning and natural language processing are increasingly being utilized to prevent, detect, and respond to threats. Furthermore, the requirement for sophisticated artificial intelligence (AI) cybersecurity solutions has been brought to light by an exponential rise in cyberattacks on defense, government, and high-tech companies. Because it can offer a proactive defense mechanism with accurate detection, cyber AI is currently in demand. For example, there is a significant need for AI to continuously authenticate users using behavioral biometrics. Players in the market should prioritize machine learning algorithms in order to leverage AI's potential to improve security intelligence. The rise in privacy concerns, the importance of AI-based cybersecurity solutions in the banking industry, and the frequency and complexity of cyberthreats are factors driving market expansion. Furthermore, it is anticipated that this market would expand over the next several years in response to SMEs' growing demand for AI-based cybersecurity solutions.
Cybersecurity technology uses artificial intelligence to quickly assess systems and pinpoint network and computer system weaknesses. Additionally, it streamlines the process of managing vulnerabilities and swiftly securing corporate systems, freeing up firms to concentrate on crucial security duties. Businesses are significantly increasing their AI cybersecurity budgets, bolstering business approaches with cybersecurity plans, and creating cyber alertness programs for customers and employees as a result of the fact that artificial intelligence in cybersecurity ensures the security of technological advancements and critical infrastructure. Thus, driving the AI in Cybersecurity market revenue.
The global AI in Cybersecurity market segmentation, based on Type, includes network security, endpoint security, application security, and cloud security. Network security segment dominated the global market in 2022. A sizeable amount of the market share is accounted for by the rising use of artificial intelligence and machine learning algorithms. Businesses employ cybersecurity to defend against and stop cyberattacks.
The global AI in Cybersecurity market segmentation, based on Offering, includes hardware, software, and services. The services segment dominated the global market in 2022. The expansion of the worldwide AI in cybersecurity market is anticipated to be significantly aided by the services sector. Machine learning techniques, sensor data, voice, and vision APIs will be in high demand, driving the market forward.
The global AI in Cybersecurity market segmentation, based on Technology, includes machine learning, natural language processing (NLP), and context-aware computing. Machine Learning segment dominated the global market in 2022. Machine learning technology will expand quickly as deep learning becomes more commonplace across end-use industries. Leading companies like Google and IBM have been using machine learning for threat detection and email filtering.
The global AI in Cybersecurity market segmentation, based on Vertical, includes BFSI, retail, government & defense, manufacturing, enterprise, healthcare, automotive & transportation, and others. Enterprise segment dominated the global AI in Cybersecurity market in 2022. However, the BFSI industry may develop into a sizable market for cyber AI in order to halt data leaks, thwart cyberattacks, and enhance security. A fundamental shift has occurred in how people utilize crowdfunding to send payments, make purchases, apply for loans, and withdraw money as a result of the explosion of ideas and technological advancements.
The global AI in Cybersecurity market segmentation, based on Application, includes identity and access management, risk and compliance management, data loss prevention, unified threat management, fraud detection/anti-fraud, threat intelligence, and others. Fraud detection/anti-fraud segment dominated the global AI in Cybersecurity market in 2022. For fraud prevention and anti-fraud measures, the use of AI in cybersecurity will be promoted. Machine learning has developed into a useful tool for boosting the ability of governments and other end users to prevent fraudulent activities in light of the growth in fraud cases.
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Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America AI in Cybersecurity Market dominated this market in 2022 (45.80%). The adoption of IoT, 5G, and Wi-Fi 6 is mostly to blame for the rise in network-connected devices. Businesses in the automotive, healthcare, government, energy, and mining sectors have been driving the construction of the 5G network, which could be a point of access for hackers. Further, In the North American area, the U.S. AI in Cybersecurity market had the biggest market share, while the Canada AI in Cybersecurity market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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In the market for cybersecurity AI, Europe held a sizable market share in 2022. The reasons for this include increased cybercrime instances in the government, healthcare, automotive, and IT & telecommunications sectors, as well as strict government laws. For instance, in November 2020, the United Kingdom announced that it would spend £16.5 billion (USD 21.8 billion) over the course of four years on connected gadgets with AI and several sensors. Further, In the European region, the German AI in Cybersecurity market had the biggest market share, and the U.K. AI in Cybersecurity market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific AI in Cybersecurity market is anticipated to grow significantly. The region is experiencing rapid economic growth, a rise in the demand for connected devices, increased cybersecurity awareness among businesses, widespread use of cutting-edge technologies like IoT, 5G, and cloud computing, as well as rising privacy and security concerns. Moreover, In the Asia-Pacific region, the Indian AI in Cybersecurity market had the quickest rate of growth while China's AI in Cybersecurity market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the AI in Cybersecurity market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The AI in Cybersecurity sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide AI in Cybersecurity industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the AI in Cybersecurity sector. Major players in the AI in Cybersecurity market, including NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation, are attempting to increase market demand by investing in research and development operations.
A firm that creates and develops system-on-a-chip, central computing, and graphics processing units is called NVIDIA Corp. (NVIDIA). The company's products are sold in the gaming, data center, vehicle, and professional visualisation industries. Additionally, it offers solutions for edge computing, high-performance computing, self-driving cars, data centers, design and visualization, artificial intelligence, and data science. In November 2021, NVIDIA created a zero-trust cybersecurity platform that enables participants in the sector to support security and guard client data centers in real-time.
Microsoft Corp. (Microsoft) offers a variety of software-related services, including development, licensing, and support. Operating systems, server applications, cross-device productivity tools, tools for developing business solutions, tools for managing desktop PCs and servers, games, and courses leading to professional certification are just a few of the various types of software that the company offers. It also develops, manufactures, and sells hardware products like PCs, tablets, game consoles, and other cutting-edge technology. In August 2022, Microsoft stated that Microsoft Defender Experts for Hunting would be made generally available.
· NVIDIA Corporation
· Intel Corporation
· Xilinx Inc.
· Samsung Electronics Co Ltd
· Micron Technology Inc.
· Amazon Web Services, Inc.
· IBM Corporation
· Microsoft Corporation
· FireEye, Inc.
· Palo Alto Networks, Inc.
· Juniper Networks, Inc.
· Fortinet, Inc.
· Cisco Systems, Inc.
· Check Point Software Technologies Ltd.
· Imperva
· McAfee LLC
· LogRhythm, Inc.
· Sophos Ltd.
· NortonLifeLock Inc.
· Crowdstrike Holdings, Inc.
· Darktrace
· Cylance Inc.
· Vectra AI, Inc.
· ThreatMetrix Inc.
· Securonix Inc.
· Sift Science
· Acalvio Technologies
· SparkCognition Inc.
· Symantec Corporation
November 2020: IBM and AMD collaborated to improve their cybersecurity and AI products.
· Network Security
· Endpoint Security
· Application Security
· Cloud Security
· Hardware
· Software
· Services
· Machine Learning
· Natural Language Processing (NLP)
· Context-aware Computing
· BFSI
· Retail
· Government & Defense
· Manufacturing
· Enterprise
· Healthcare
· Automotive & Transportation
· Others
· Identity And Access Management
· Risk And Compliance Management
· Data Loss Prevention
· Unified Threat Management
· Fraud Detection/Anti-Fraud
· Threat Intelligence
· Others
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 15.7 Billion |
|
Market Size 2023 |
USD 19.2 Billion |
|
Market Size 2032 |
USD 96.6 Billion |
|
Compound Annual Growth Rate (CAGR) |
22.50% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type, Offering, Technology, Vertical, Application, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation |
|
Key Market Opportunities |
Growing demand for cloud-based security solutions |
The global AI in Cybersecurity Market was valued at USD 15.7 billion in 2022, and it is estimated to reach USD 96.6 billion by 2032.
The global market is projected to grow at a CAGR of 22.50% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are NVIDIA Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co Ltd, Micron Technology Inc., Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, FireEye, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Imperva, McAfee LLC, LogRhythm, Inc., Sophos Ltd., NortonLifeLock Inc., Crowdstrike Holdings, Inc., Darktrace, Cylance Inc., Vectra AI, Inc., ThreatMetrix Inc., Securonix Inc., Sift Science, Acalvio Technologies, SparkCognition Inc., and Symantec Corporation
The Network Security Type dominated the market in 2022.
The Services Offering had the largest share in the global market.
Report Code :
RL65161
Published on :
Sep 2023
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