DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Cybersecurity Market by Technology, Security, Application, Industry, and Region - Global Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering.
The Artificial Intelligence in Cybersecurity Market is expected to reach $66.22 billion, at a CAGR of 24.2% during the forecast period of 2022 to 2029
The growth in this market is driven by factors such as the increasing demand for advanced cyber security solutions, the frequency and complexity of cyber threats & services, and the rising demand for AI-based cybersecurity platforms in the banking sector.
Furthermore, the growing need for AI-based cybersecurity solutions among small and medium-sized enterprises is creating new growth opportunities for vendors in the AI in cybersecurity market. However, factors such as the vulnerability issues associated with IoT devices and misconceptions, and a lack of knowledge regarding AI in cybersecurity solutions pose serious challenges to the adoption of AI in cybersecurity solutions, thereby hampering the market's growth.
Key questions answered in the report-
- Which are the high growth market segments in terms of the component, technology, security, application, deployment, industry verticals, and countries?
- What is the historical market for AI in cybersecurity across the globe?
- What are the market forecasts and estimates for the period of 2022-2029?
- What are the major drivers, restraints, opportunities, and trends in the global AI in cybersecurity market?
- Who are the major players in the global AI in cybersecurity market, and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global AI in cybersecurity market?
- What are the different strategies adopted by the major players in the global AI in cybersecurity market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the global AI in cybersecurity market and how do they compete with the other players?
Market Dynamics
Drivers
- Increasing Demand for Advanced Cybersecurity Solutions
- Growing Significance of AI-Based Cybersecurity Solutions in the Banking Sector
- Increasing Frequency and Complexity of Cyberattacks
Restraints
- Lack of Skilled AI Professionals
- AI in Cybersecurity Perceived as an Incomplete Security Solution
Opportunities
- Growing Need for AI-Based Cybersecurity Solutions among SMEs
Challenges
- Misconceptions and a Lack of Knowledge Regarding AI in Cybersecurity Solutions
- Vulnerability Issues With IoT Devices
Trends
- Consistent Rise in the Adoption of Cloud Technologies
- Increasing Use of Smartphones as an Attack Vector
Scope of the Report:
AI in Cybersecurity Market, by Component
- Hardware
- Processors
- Networking Solutions
- Memory Solutions
- Software
- AI Platforms
- AI Solutions
- Services
- Deployment & Integration
- Support & Maintenance
AI in Cybersecurity Market, by Technology
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
AI in Cybersecurity Market, by Security Type
- Application Security
- Endpoint Security
- Cloud Security
- Network Security
AI in Cybersecurity Market, by Application
- Data Loss Prevention
- Unified Threat Management
- Encryption
- Identity and Access Management
- Risk and Compliance Management
- Antivirus/Antimalware
- Intrusion Detection/Prevention System
- Distributed Denial of Service (DDoS) Mitigation
- Security Information and Event Management (SIEM)
- Threat Intelligence
- Fraud Detection
AI in Cybersecurity Market, by Deployment Type
- On-premises
- Cloud-based
AI in Cybersecurity Market, by End-use Industry
- Retail
- Government & Defense
- Automotive & Transportation
- BFSI
- Manufacturing
- Infrastructure
- IT & Telecommunication
- Healthcare
- Aerospace
- Education
- Energy
AI in Cybersecurity Market, by Geography:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
Companies Mentioned
- 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 (U.S.)
- McAfee LLC (U.S.)
- LogRhythm Inc. (U.S.)
- Sophos Ltd. (U.S.)
- NortonLifeLock Inc. (U.S.)
- Crowdstrike Holdings Inc. (U.S.)
For more information about this report visit https://www.researchandmarkets.com/r/we8raa
