Artificial Intelligence (AI) in Cybersecurity Market to be Worth $93.75 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, Oct. 5, 2022 /PRNewswire/ -- The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.
Key Industry Insights & Findings from the report:
Read 200-page full market research report, "Artificial Intelligence In Cybersecurity Market Size, Share & Trends Analysis Report By Type (Cloud Security, Network Security), By Offering, By Technology, By Application, By Vertical, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Artificial Intelligence In Cybersecurity Market Growth & Trends
Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.
Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.
Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participantsexpect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.
The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.
Artificial Intelligence In Cybersecurity Market Segmentation
Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:
AI In Cybersecurity Market - Type Outlook (Revenue, USD Billion, 2017 - 2030)
AI In Cybersecurity Market - Offering Outlook (Revenue, USD Million, 2017 - 2030)
AI In Cybersecurity Market - Technology Outlook (Revenue, USD Billion, 2017 - 2030)
AI In Cybersecurity Market - Application Outlook (Revenue, USD Billion, 2017 - 2030)
AI In Cybersecurity Market - Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
AI In Cybersecurity Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)
List of Key Players of Artificial Intelligence In Cybersecurity Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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