Artificial Intelligence (AI) in Cyber Security Market By Offering (Hardware, Software, and Services), By Security (Endpoint, Network, Cloud, and Application), By Technology (Machine Learning, Context Awareness, and NLP), By Security Solution (Identity and Access Management, Antivirus/Antimalware, Risk and Compliance Management, Encryption, Intrusion Detection/Prevention Systems, Data Loss Prevention, Unified Threat Management, and Others), and by End-User (BFSI, Government & Defense, Retail, Enterprises, Manufacturing, Healthcare, Infrastructure, Automotive & Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global artificial intelligence (AI) in cyber security market expected to reach approximately USD 30.9 billion by 2025, at a CAGR of slightly above 23.4% between 2019 and 2025. The globally increasing IoT adoption and the number of connected devices have simultaneously increased the risk of cyberattacks.

27-Aug-2019 | Number of pages: 220 | Report Code: ZMR-4629 | Report Format : | Status : Published

Analysis

Artificial intelligence (AI) demand is growing significantly worldwide and cyber security is one of them. The main purpose of AI is to reduce the workload of the human cyber security engineers, by handling various details of situations that are highly complicated for humans to tackle accurately.

The globally increasing IoT adoption and the number of connected devices have simultaneously increased the risk of cyberattacks. The rising number of cybercrimes is propelling the artificial intelligence (AI) in cyber security market. Some common cyber frauds faced by large enterprises are identity and payment card thefts, these cybercrimes when not resolved on time can lead to huge monetary losses. Cybersecurity providers are significantly using AI solutions for tackling such cyberattacks by early threat detection, response time reduction, and segregation as per priority. AI solutions not only provide wider security as compared to human potential but also simplify complete recognition and acknowledgment procedures related to cyber frauds. Thereby, the escalating cybersecurity risk incidences are prominently driving the artificial intelligence (AI) in cyber security market globally. However, the lack of technical expertise for AI application implementation may hinder the artificial intelligence (AI) in cyber security market growth to some extent. Furthermore, the emerging demand for cloud-based security solutions among various small- to medium-sized enterprises is anticipated to create lucrative market opportunities.

Global Artificial Intelligence (AI) in Cyber Security Market

The artificial intelligence (AI) in cyber security market is categorized based on offering, security, technology, security solution, and end-user. By offering, the market includes hardware (processors, memory, and network), software (AI platforms and AI solutions), and services (support and maintenance and deployment and integration). The security segment is majorly classified into endpoint security, network security, cloud security, and application security. The technology segment is categorized into machine learning, context awareness, and NLP. Machine learning segment is further segregated into supervised learning, deep learning, reinforcement learning, unsupervised learning, and others. On the basis of security solution, the market is segmented into identity and access management, risk, and compliance management, antivirus/antimalware, data loss prevention, encryption, intrusion detection/prevention systems, unified threat management, and others. The end-user segment of the market comprises BFSI, government and defense, retail, enterprises, manufacturing, healthcare, infrastructure, automotive and transportation, and others.

North America is anticipated to hold a substantial share in the artificial intelligence (AI) in cyber security market globally in the years ahead, owing to the remarkable presence of globally leading market players and the early adoption of latest technologies.

Some key participants operating in the artificial intelligence (AI) in cyber security market are NVIDIA, IBM, Cylance, Intel, Xilinx, Micron, Securonix, ThreatMetrix, Acalvio, Skycure, Sift Science, SparkCognition, Darktrace, BAE Systems, Symantec Corporation, Check Point Software Technologies, Fortinet, Cisco Systems, FireEye, and RSA Security.


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