The Artificial Intelligence (AI) in Cyber Security Market was worth US$ 8.8 billion in the year 2020, and it is estimated to reach a valuation of US$ 38.2 billion by the end of 2026, expanding at an annual growth rate of 23.3% between 2021 and 2026. The growing concerns of data is a factor that is expected to lead the Artificial Intelligence in Cyber Security market during the forecast period.
In general, the Artificial Intelligence has proven to be a crucial tool in reducing costs associated with various processes, development, manufacturing, automation, monitoring, adaption and vast range of others whereas the AI in cyber security enables the expertise to analyze, study and also understands the cybercrime with speech recognition technology, Facebook facial recognition software and also Google’s search engine as it is designed in such a way that it responds to the cyber-attacks in a few milli-seconds.
Increasing vulnerability of Wi FI networks to security threats is expected to play an essential role in the growth of market of Artificial Intelligence in Cyber Security across the globe. Another factor such as underlying opportunities for the Artificial Intelligence in cybersecurity market promotes the growth of the revenue rate of Artificial Intelligence in Cyber Security market during the forecast period. Furthermore, growing need for cloud based security solutions among small and medium sized enterprises and also increased use of social media for business functions, increased number of connected devices, growing adoption of Internet of things, rising instances of cyber threats are some of the major growth supporting factors of Artificial Intelligence in Cyber Security market.
Incapability of Artificial Intelligence against zero day threat is one of the important barriers to market growth. Unavailability of professional expertise are also some of the major restraints which hinders the growth of the Artificial Intelligence in Cyber Security market.
The Artificial Intelligence in Cyber Security market is segmented based on offering, based on deployment type, based on security type, based on technology, based on application and based on end user.
By offering, the Artificial Intelligence in Cyber Security Market is divided into hardware, software and services. The hardware segment held the prominent share and is predicted to remain at the forefront throughout the forecast period.
By deployment type, the Artificial Intelligence in Cyber Security Market is divided into on premises deployment and cloud deployment. The on premises deployment segment holds the major share of the market and this segment is expected to hold the dominance during the forecast period.
By security type, the Artificial Intelligence in Cyber Security Market is divided into network security, endpoint security, application security and cloud security. Among these segments, the cloud security segment held the prominent share and it is predicted to remain at the forefront in the upcoming years due to the increased adoption of cloud services across the globe.
By technology, the Artificial Intelligence in Cyber Security Market is divided into context aware computing, machine learning and natural language processing. The machine learning segment holds the major share of the market and is expected to hold the dominance during the forecast period due to the increased adoption of machine learning among the key end users.
By application, the Artificial Intelligence in Cyber Security Market is divided into anti-virus/ anti malware, data loss prevention, fraud detection / anti-fraud, intrusion detection/ prevention system, security and vulnerability management, unified threat management and other types of applications such as firewall, disaster recovery, DDoS mitigation, web filtering, application whitelisting, patch management. The anti-virus/ anti malware segment holds the major share of the market.
By end user, the Artificial Intelligence in Cyber Security Market is divided into BFSI, retail, government and defence, manufacturing, infrastructure, enterprise, healthcare, automotive and transportation and other end users.
On the basis of region, the Artificial Intelligence in Cyber Security market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region.
North America region hold the prominent share of the market due to the factors such as rising adoption of Artificial Intelligence in Cyber Security solutions. Furthermore, increasing challenges related to cyber threats, rising of advanced technologies which are implemented to manage the cyber security landscape also promotes the growth of the market. The North America region is expected to hold the dominance during the forecast period.
Europe is next to North America in dominating the shares of the artificial intelligence in cyber security market. Rising disposable income and growing utilization of smart phones, laptops and other electronic devices are majorly propelling the demand of the market in Europe.
Asia Pacific region is also expected to increase the market growth due to the growing penetration of internet and shift towards digitization of internal processes propels the demand for AI in cyber security market in Asia Pacific region.
Latin America and Middle East & Africa are expected to have the significant growth rate in the coming years.
Key market participants of Artificial Intelligence in Cyber Security market are Micron Technology, Inc. (US), IBM Corporation (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), Amazon Web Services, Inc. (US), VIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Darktrace (UK), Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US) and Symantec Corporation (US).
Most of the companies has gave work from home for their employees to reduce the spread of the virus as per the government regulations. Due to this, there is rapid increase in the internet usage which has exposed several loopholes for phishing attacks, mail spams, data theft and ransomware attacks. To eradicate these problems, most of the companies are using AI in cyber security to monitor the mails and also reviewing tactical actions. So, the AI in cyber security market has made an impeccable growth during the pandemic and is also expected to increase further more in the upcoming years.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Artificial Intelligence in Cyber Security Market, By offering
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Artificial Intelligence in Cyber Security Market, By deployment type
6.2.1 on premises
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Artificial Intelligence in Cyber Security Market, By security type
6.3.1 network security
6.3.2 endpoint security
6.3.3 application security
6.3.4 cloud security
6.3.5 Market Size Estimations & Forecasts (2021-2026)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Artificial Intelligence in Cyber Security Market, By technology
6.4.1 context aware computing
6.4.2 machine learning
6.4.3 natural language processing
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 Artificial Intelligence in Cyber Security Market, By end user
6.5.3 government and defense
6.5.8 automotive and transportation
6.5.9 other end users
6.5.10 Market Size Estimations & Forecasts (2021-2026)
6.5.11 Y-o-Y Growth Rate Analysis
6.5.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By offering
7.2.3 By deployment type
7.2.4 By security type
7.2.5 By technology
7.2.6 By end user
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By offering
7.3.3 By deployment type
7.3.4 By security type
7.3.5 By technology
7.3.6 By end user
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By offering
7.4.3 By deployment type
7.4.4 By security type
7.4.5 By technology
7.4.6 By end user
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By offering
7.5.3 By deployment type
7.5.4 By security type
7.5.5 By technology
7.5.6 By end user
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By offering
7.6.3 By deployment type
7.6.4 By security type
7.6.5 By technology
7.6.6 By end user
8. Key Player Analysis
8.1 Amazon Web Services
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Micron Technology, Inc.
8.3 IBM Corporation
8.4 Acalvio Technologies
8.5 SparkCognition Inc.
8.6 Palo Alto Networks Inc
8.7 VIDIA Corporation
8.8 Intel Corporation
8.9 Xilinx Inc
8.10 Samsung Electronics Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures