Global Artificial Intelligence (AI) in Cyber Security Market - WishTree Insight

Global Artificial Intelligence (AI) in Cyber Security Market by Deployment Type (On-premise and Cloud), Offering (Hardware, Software, and Services), Security Type (Endpoint Security, Application Security, Network Security, and Cloud Security), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Artificial Intelligence (AI) in Cyber Security market size was valued at USD 22.3 billion in 2022 and is expected to surpass USD 63.6 billion by 2032, expanding to a CAGR of 22.4 % during the forecast period, 2022–2032. The market's growth is attributed to the growing adoption of IoT and increasing instances of cyber threats, rising concerns of data protection, increasing instances of cyber threat, and increasing vulnerability of wi-fi networks to security threats.

INTRODUCTION

Artificial Intelligence (AI) is increasingly being used in the field of cyber security to enhance the capabilities of security systems and improve the overall security posture of an organization. AI-based cyber security solutions can help to detect and respond to threats in real time, automate repetitive tasks and decision-making, and improve overall security operations. Some examples of AI-based cyber security solutions include

• Intrusion detection and prevention systems (IDPS) that use machine learning algorithms to identify and block suspicious network traffic
• Behavioral-based malware detection systems that use machine learning to identify and block malware based on its behavior rather than its signature
• Vulnerability management systems that use AI to prioritize vulnerabilities based on their likelihood of being exploited
• AI-based threat hunting that automate the process of identifying and investigating advanced threats

AI-based cyber security systems are becoming more prevalent; however, the technology is still in its early stages, and there are concerns about its reliability and security. Additionally, AI-based cyber security systems require large amounts of data to be trained, and the quality of the data is critical to the performance of the system

Market Trends, Drivers, Restraints, and Opportunities

• Growing adoption of IoT and the increasing number of connected devices is a key driver propelling the market.
• Increasing instances of cyber threats are driving the global artificial intelligence in the cyber security market.
• High adoption of technologies, such as IoT, big data analytics, and cloud computing is expected to propel the market.
• Rising concerns about data security in the region are anticipated to propel the market growth.
• New product launches, partnerships, collaborations, and acquisitions by key players are expected to create lucrative opportunities in the market.
• Advancements in networking and communication technologies are anticipated to create growth opportunities in the market.
• Inability of AI to stop zero-day and advanced threats is expected to hamper market growth.

Scope of the Report

Market Segment Insights

The cloud-based deployment segment is projected to register a considerable CAGR

Based on deployment type, the artificial intelligence (AI) in the cyber security market is bifurcated into on-premise and cloud. The cloud-based deployment segment is expected to expand rapidly during the forecast period owing to cost-effectiveness.

The software segment is expected to expand at a rapid pace

Based on offering, the artificial intelligence (AI) in the cyber security market is divided into hardware, software, and services. The software segment is expected to expand rapidly during the forecast period owing to developments in AI software and related software development kits.

The application security segment is projected to register a considerable CAGR

On the basis of security type, artificial intelligence (AI) in the cyber security market is segregated into endpoint security, application security, network security, and cloud security. The application security segment is projected to register a considerable CAGR during the forecast period owing to greater visibility and control.

North America accounts for a large share

In terms of regions, the artificial intelligence (AI) in the cyber security market is classified as APAC, Europe, North America, and LAMEA. The market of North America accounts for the largest share of the market owing to identifying the most crucial economic and national security challenges by the government in the region.

Competitive Landscape

Key players competing in the Artificial Intelligence (AI) in Cyber Security market are High-Tech Bridge (Switzerland); Intel Corporation (U.S.); Samsung Electronics Co., Ltd (South Korea); IBM Corporation (U.S.); Microsoft (U.S.); Amazon Web Services, Inc. (U.S.).

FAQs

How much is the market worth?

The Artificial Intelligence (AI) in Cyber Security market size was valued at USD 22.3 billion in 2022 and is expected to surpass USD 63.6 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 22.4%.

What are the key drivers of the market?

The market's growth is attributed to the growing adoption of IoT and increasing instances of cyber threats, rising concerns of data protection, increasing instances of cyber threat, and increasing vulnerability of wi-fi networks to security threats.

What segments are covered in the Artificial Intelligence (AI) in Cyber Security report?

The segments covered in the report are deployment type (on-premise and cloud), offering (hardware, software, and services), and security type (endpoint security, application security, network security, and cloud security).

Mention which region is expected to hold the highest share of Artificial Intelligence (AI) in the Cyber Security market.

The North American region is expected to hold the highest share of Artificial Intelligence (AI) in the Cyber Security market.

Which segment holds the largest market share in Artificial Intelligence (AI) in Cyber Security by 2032?

The cloud-based segment holds the largest market share in Artificial Intelligence (AI) in Cyber Security by 2032.

Mention the key players in the market.

High-Tech Bridge (Switzerland); Intel Corporation (U.S.); Samsung Electronics Co., Ltd (South Korea); IBM Corporation (U.S.); Microsoft (U.s.); Amazon Web Services, Inc. (U.S.)