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Global Artificial Intelligence (AI) in Cyber Security Market Report Description:
Global artificial intelligence (AI) in cyber security market report gives comprehensive outlook on artificial intelligence (AI) in cyber security across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global artificial intelligence (AI) in cyber security market gives historical, current, and future market sizes (US$ Mn) on the basis of offering, deployment type, security type, technology, application, end user and region. This report studies global artificial intelligence (AI) in cyber security market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global artificial intelligence (AI) in cyber security market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global artificial intelligence (AI) in cyber security products.
Global Artificial Intelligence (AI) in Cyber Security Market:
The global artificial intelligence (AI) in cyber security market valued US 8.6 Bn in 2019 and is poised to grow with a CAGR of 21.3% over 2020-2026. Rising concerns of data protection, increasing dependence on home networks for internet access, increasing IoT adoption and the number of connected devices, rising number of cybercrimes and number of start-ups adopting AI are some key factors impelling the market growth. Also, growing need for cloud-based security solutions among SMEs, adoption of bring-your-own-device (BYOD) policy and increasing use of social media for business functions provides huge growth opportunity for the market. However, factors such as rise in insider cyber threats and limited number of cybersecurity & AI professionals are restricting the market growth.
BFSI Accounts for Larger Market Revenue Share in Global Artificial Intelligence (AI) in Cyber Security Market
BFSI segment accounted for larger revenue share in global market with a significant CAGR and is expected to grow over the forecast years The complete digitalization of core processes and procedures need for a client-centric perspective, and generation of huge volumes of data across sectors are essential factors that drive the growth of the global AI-based cybersecurity market in the BFSI sector. The BFSI sector is also investing heavily in AI-based cybersecurity solutions to identify and detect the sources of cyber threats.
Asia Pacific Accounts for Larger Market Revenue Share in Global Artificial Intelligence (AI) in Cyber Security Market
Asia Pacific accounted for considerable revenue share in global market and is expected to grow over the forecast years. The rising adoption of cloud-based services, growing investments in artificial intelligence and the increasing necessity to secure data will significantly drive market growth in this region over the forecast period. North America held substantial market share throughout the forecast period. The increasing spending of big technology companies on developing AI for multiple applications in diverse industries is one of the major factors for the industry growth in the region.
Competition Assessment
Key player’s profiles in the global market include:
- NVIDIA
- Intel
- Xilinx
- Samsung Electronics
- Micron Technology
- IBM
- AWS
- Darktrace
- Cylance
- Vectra AI
Global artificial intelligence (AI) in cyber security market is surging owing to strategic alliances by key players for artificial intelligence (AI) in cyber security to meet the demands of the customers in the market. For Instance,
- In March 2020, Watchguard Technologies Inc acquired Panda Security. This acquisition will extend the former company’s network offerings.
- In January 2020, F5 Networks Inc acquired Shape Security Inc. The acquisition will significantly advance the former company’s plans to offer AI-enhanced services to customers, for better visibility, management, and orchestration across their applications.
Key Findings of the Report:
- Global artificial intelligence (AI) in cyber security market expanding at significant CAGR over 2020 to 2026 due to increasing IoT adoption and the number of connected devices
- Based on region, Asia Pacific accounted for considerable market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global artificial intelligence (AI) in cyber security market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
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, and energy)
By Geography
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- Japan
- China
- Au & NZ
- Rest of Europe
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Location
GEOGRAPHY
