Artificial Intelligence (AI) in Cybersecurity Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

AI in cybersecurity market is anticipated to grow at a CAGR of 23.6% during the forecast period. The growing establishment of start-ups coupled with government initiatives across the globe is the major factor driving the growth of the market. Start-ups are continuously engaged in launching new AI-based technology to reduce security threats. For instance, in May 2022, IEM Labs, a Kolkata-based cybersecurity start-up launched a plagiarism checker named IEMSecure. Plagiarism checker is primarily used by education institutions and media companies as it can scan through 10 billion sources in just a few seconds and let users know if the content matches any other website. It is widely used by large organizations, as they need to protect their proprietary information from cybercrime. The features of plagiarism checker assist organization to track what content or data is theft, thus provides cybersecurity to organizations. 

Moreover, the government initiates in R&D to provide AI-based solutions for enhanced cybersecurity. For instance, in February 2021, The Secure Critical Systems Laboratory (SCSL), is an initiative to carry out information security research at IIT-M. The lab research is on learning algorithms and security, where SCSL is planning to use AI/ ML to discover vulnerabilities in software and the lab also focuses on the security of ML and AI algorithms which in turn will fuel the overall AI in the cybersecurity market.

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AI in Cybersecurity Market Segmentation

By Technology

·        Machine Learning (ML) 

·        Natural Language Processing (NLP) 

By Security

·        Endpoint

·        Cloud 

·        Network

By Application

·        Data loss prevention (DLP)

·        Unified Threat Management (UTM)

·        Identity and Access Management (IAM)

·        Antivirus

·        Identity Provider (IdP)

By Industry

·        BFSI

·        Government

·        Retail

·        Healthcare

·        IT

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Regional Analysis                                                                                                                                                                            

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles 

·        Amazon Web Services, Inc.

·        Broadcom, Inc.

·        Cylance Inc.

·        Darktrace Holdings Ltd.

·        IBM Corp.

·        Intel Corp.

·        Micron Technology, Inc.

·        NortonLifeLock Inc.

·        NVIDIA Corp

·        Palo Alto Networks Inc.

·        Samsung Electronics Co., Ltd 

·        Securonix Inc.

·        SentinelOne, Inc. 

·        Sift Science, Inc. 

·        SparkCognition Inc.

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