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Artificial Intelligence in Cybersecurity Market: Artificial Intelligence is Gaining Popularity in Cybersecurity to Safeguard Information

Pune, October 25, 2022- Maximize Market Research has published a report on the Artificial Intelligence in Cybersecurity Market that provides a detailed analysis of the industry for the forecast period of 2022 to 2029. According to the report, Artificial Intelligence in Cybersecurity Market was valued at USD 14.49 Billion in 2021 and is estimated to grow at a CAGR of 21.4 percent over the forecast period 2022 to 2029, reaching nearly USD 68.35 Billion by 2029.

AI is the ideal cybersecurity option for businesses that wish to prosper online. To operate successfully and safeguard their enterprises from assaults, security professionals demand considerable assistance from intelligent machines and novel technologies such as AI. It offers malware warnings, discovers new forms of threats, and safeguards key company data. The adoption of AI is most advanced in the information technology and telecommunications sectors. Artificial intelligence is gaining popularity in cybersecurity to safeguard information, and it is capable of swiftly researching millions of data sets and tracking down a wide spectrum of cyber-attacks. As a result, the adoption rate of artificial intelligence in the cybersecurity industry is steadily increasing during the forecast period.

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Artificial Intelligence in Cybersecurity Market Dynamics:

A lot of activity occurs on a company’s network, and the average mid-sized firm receives a lot of traffic on its website, implying that a lot of data is moved between the business and its clients daily. This data must be protected from harmful individuals and software. Hackers launch hundreds of millions of cyberattacks each year for a variety of reasons. Unknown threats can cause significant damage to a network. Modern solutions are essential to avoid this problem since attackers experiment with various malware attack tactics. AI has shown to be one of the most effective security tools for mapping and blocking unexpected threats from wreaking havoc on a company’s operations.

Technological advancement has not only provided us with the capacity to manage anything with the click of a button, but it has also exposed us to a variety of online risks. The unexpected entrance of the pandemic, along with a shift in the workplace, has resulted in a huge surge in cyber-attacks globally. Many organizations know that cyber security is a critical concern for data protection. 81% of businesses have pledged to increase their cybersecurity investment in 2022. Many firms are also seeking new ways to protect their assets and interests. Currently, half of the organizations have cyber insurance coverage, and 94% believe it is a smart investment.

Artificial Intelligence in Cybersecurity Market Regional Insights:

Cybercriminals are growing interested in the Asia-Pacific region. In 2021, Asia was the most cyber-attacked area, accounting for 26.4% of all global assaults. Many of the region’s developing economies, including India, China, Singapore, and Japan, are grappling with mounting cybersecurity challenges. India topped the list of Asia’s most assaulted countries. Stringent laws controlling the adoption of cyber security solutions are driving growth in the region’s cyber security firms. As a result, the Artificial Intelligence in Cybersecurity Market in this region is expected to develop during the forecast period.

North America is a significant contributor to AI in the cybersecurity industry, with the United States accounting for the largest share in North America in 2020. Because of the region’s early use of AI, North America dominates the global AI cybersecurity industry. Because banks, government organizations, and financial institutions in the region confront ever-increasing cyber threats, North America is an early adopter of novel technologies. As a result, cutting-edge solutions are being used to manage the cybersecurity landscape. Furthermore, numerous cybersecurity providers are located in this area, which helps the growth of AI in the North American cybersecurity industry.

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Artificial Intelligence in Cybersecurity Market Segmentation:

By Offering

  • Hardware
  • Software
  • Service

By Deployment Type

By Security Type

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

By Technology

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

By Application

  • Identity & Access Management
  • Risk & Compliance Management
  • Data Loss Prevention
  • Unified Threat Management
  • Security & Vulnerability Management
  • Antivirus/Antimalware
  • Fraud Detection/Anti-Fraud
  • Intrusion Detection/Prevention System
  • Threat Intelligence
  • Others

By End-User

  • BFSI
  • IT and telecommunications
  • Retail
  • Government & Defense
  • Manufacturing
  • Infrastructure
  • Enterprise
  • Healthcare

Artificial Intelligence in Cybersecurity Market Key Competitors:

  • Amazon Web Services, Inc. (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Nvidia Corporation (U.S.)
  • FireEye, Inc. (U.S.)
  • Palo Alto Networks, Inc. (U.S.)
  • Juniper Networks, Inc. (U.S.)
  • Fortinet, Inc. (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Micron Technology, Inc. (U.S.)
  • Check Point Software Technologies Ltd. (U.S.)
  • Imperva, Inc. (U.S.)
  • McAfee LLC (U.S.)
  • LogRhythm, Inc. (U.S.)
  • Sophos Ltd. (U.S.)
  • NortonLifeLock Inc. (U.S.)
  • CrowdStrike Holdings, Inc. (U.S.)
  • Kelco (U.S.)

Related Report Published by Maximize Market Research:

Artificial Insemination Market

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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