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Global Artificial Intelligence in Cybersecurity Market 2021: By Offering (Hardware, Software, Service), By Deployment Type (Cloud, On-Premise), 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 (firewall, disaster recovery, DDoS mitigation, web filtering, application whitelisting, and patch management), By End-user (BFSI, Retail, Government & Defense, Manufacturing, Infrastructure, Enterprise, Healthcare, Automotive & Transportation, Others (oil & gas, education, energy)The Global Artificial Intelligence (AI) In Cybersecurity market size was valued at USD $8.64 Billion in 2020, USD $9.7 Billion in 2021, forecasted to reach USD $10.88 Billion in 2022, and is projected to reach USD $27.32 Billion by 2030, and is anticipated to expand at a CAGR of 12.2% over the forecast period from 2020 to 2030. Global Artificial Intelligence in Cybersecurity Market is the title of an in-house report that is currently nearing completion at Trusted Business Insights. In the report, various aspects and scenarios, current and future have been examined and understood thoroughly to arrive at the conclusive findings. Data and information are validated and verified through interviews with industry experts. Exhaustive primary and secondary sources have been implemented to ensure the accuracy of findings. Historical, estimated, and projected revenue, along with sales volume and growth factors are showcased. Key trends, restraints, Y-o-Y growth, Compounded Annual Growth Rate (CAGR), and future forecast & opportunity analysis are also showcased. Key players presented in the company profile section include detailed information, recent developments, strategies, acquisitions, mergers, etc.
OverviewArtificial intelligence (AI) has been advancing by leaps and bounds in the recent past. From applications in a plethora of functionalities and technologies to even healthcare and pharmaceutical industries. AI has also made its advent into the field of drug discovery & development and is certain to be adopted by numerous more sectors, fields, industries, and applications in the future. From computer vision to speech recognition, AI has the ability to process natural language and other features as well as their functionalities. AI has been a crucial tool in reducing costs associated with various processes, development, manufacturing, automation, monitoring, adaption, and a vast range of others. It is fast being viewed as a boon rather than a bane or threat to our progressive future.
DynamicsThe number of start-ups adopting AI has increased substantially in recent years. Existing companies are also exploring the possibility of adopting AI into their systems to leverage its various advantages or benefits. A massive focus has been placed on adopting machine learning in order to benefit not just economically but to increase effectiveness and efficiency, as well as to reduce the turnaround time required for specific tasks or operations to be completed by people are among some of the primary factors. Cybersecurity is another focus area that AI plays a vital role in. The implementation of AI in cybersecurity has numerous benefits or advantages. It has the ability to adapt to changes that potential threats make and aids in detecting these threats with surgical precision. Rapid technological innovations and advancements, an increased threat from unauthorized access to networks, hacking and fraud, etc. are resulting in companies on a global scale, as well as major governments adopting more advanced and secure cybersecurity software & solutions. To protect its critical infrastructure, a number of enterprises are focusing on increasing budgets allocated to cybersecurity. This is a trend that is currently being observed in the global market. This is expected to continue to evolve over the forecast period as cybercriminals continue to develop and implement advanced methods to outmaneuver challenges that arise in the form of restricted access or cyber protection.
Global Artificial Intelligence in the Cybersecurity Market Segment Analysis:By Offering: The software segment is projected to account for significantly higher revenue shares in the global market, and the trend is projected to continue throughout the forecast period. By Technology: The machine learning segment accounted for its highest revenue in the previous year, and is expected to continue its dominance over the next 10 years.
Global Artificial Intelligence in the Cybersecurity Market Regional Analysis:The North American market has been a leader in terms of the development and adoption of AI technologies for quite a few decades now. Constant R&D in the fields related to increasingly advanced technologies and vision of a progressive future are among some of the primary factors driving the growth of this market in the region. The United States accounts for a major revenue share in the North American artificial intelligence cybersecurity market, and this has shown no signs of slow down anytime soon. Another major factor for this is that a number of prominent companies operating in the AI technology space happen to be headquartered in the US. Product launches, new players arising as a result of regional partnerships, collaborations and mergers or acquisitions are key reasons for driving growth in the European artificial intelligence cybersecurity market. The Asian Pacific market is also expected to register significant growth, with China leading the way in terms of revenue contribution, followed closely by India.
Below are the leading companies profiled in this Artificial Intelligence (AI) In Cybersecurity Market Report:
Chapter 1 Methodology and Scope