The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s AI In Cybersecurity Global Market Report 2024, the AI in cybersecurity market is expected to show significant growth in the forecast period.

Introduction

• The exponential growth of AI in cybersecurity market.
• Predicted growth from $20 billion in 2023 to $25.08 billion in 2024.
• Compounded annual growth rate (CAGR) of 25.4%.
• Factors contributing to historic growth: proof of AI efficacy, predictive analytics, big data utilization, evolving cybersecurity landscape, early AI adoption.

Forecasted Growth and Trends

• Expected growth to $62.56 billion in 2028.
• CAGR of 25.7%.
• Forecasted factors: increasing cyber threat sophistication, IoT adoption, demand for real-time threat detection, shift to cloud-based security, cybersecurity skills gap.
• Major trends: AI in endpoint security, threat intelligence, AI-enhanced incident response, AI-powered authentication, prediction, and preemptive measures.

Surge In Cybercrimes To Drive Market Growth

• Rise in cybercrimes as a driver for market growth.
• Definition of cybercrime and its manifestations.
• Utilization of AI to combat cybercrime: quick detection, analysis, and response; reduction of false positives.
• Example: Surge in investment fraud complaints according to the Federal Bureau of Investigation (FBI).
• Companies operating in the AI in cybersecurity market.

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New Innovations Transforming The AI In Cybersecurity Market

• Development of new solutions by major companies.
• Definition of enterprise security.
• Example: SentinelOne’s threat-hunting platform leveraging generative AI and reinforcement learning.
• Aim to scale cybersecurity operations and stay ahead of evolving threats.

Palo Alto Networks Acquires Bridgecrew

• Acquisition details.
• Integration of security into the development process.
• Focus on providing complete security capabilities across the full application lifecycle.
• Aim to deliver a DevSecOps experience.
• The role of Bridgecrew in infrastructure security automation.

Market Segmentation

• Segmentation by offering: hardware, software, services.
• Segmentation by technology: machine learning, NLP, context-aware computing.
• Segmentation by security type: network, endpoint, application, cloud security.
• Segmentation by application: identity and access management, risk and compliance management, etc.
• Segmentation by end-users: BFSI, retail, manufacturing, etc.

Regional Analysis

• North America as the largest region in 2023.
• Asia-Pacific projected as the fastest-growing region.
• Implications of regional growth for the global AI in cybersecurity market.

Conclusion

• The AI in cybersecurity market poised for remarkable growth.
• Key drivers include the surge in cybercrimes, technological advancements, and increasing demand for real-time threat detection.
• Companies investing in innovative solutions to gain a competitive edge.
• Regional dynamics shaping market growth.
• Continued evolution and adoption of AI expected to revolutionize cybersecurity landscape.

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The AI In Cybersecurity Global Market Report 2024  provides an in-depth analysis on the AI in cybersecurity market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the AI in cybersecurity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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