Chicago, December 12, 2022 /PR Newswire/ — Artificial intelligence in cybersecurity market size US$22.4 billion in 2023 US$60.6 billion By 2028; growing at a CAGR of 21.9% from 2023 to 2028, according to a new report by MarketsandMarkets™. Key factors contributing to the growth of artificial intelligence in the cybersecurity market include increasing instances of cyberthreats, rising data protection concerns, and increasing vulnerability of Wi-Fi networks to security threats. . It is one of the factors driving the growth of artificial intelligence. in the cyber security market.
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Endpoint Security is expected to hold the largest share during the forecast period
Endpoint security refers to the security provided to network devices such as personal computers, laptops, smartphones, tablets, barcode readers and point of sale (POS) that are endpoints connected to a client server. increase. Endpoint security solutions include antivirus, antispyware/malware, cryptographic personal firewalls, IDS/IPS, patch and configuration management, behavior blocking software, and virtualization security. These solutions provide continuous, real-time threat detection, prevention, and response to network devices (endpoints). The proliferation of mobile devices has made networks more vulnerable to cyberattacks and malware. Additionally, trends in mobile workers, BYOD, social media, and cloud sync tools are driving the growth of the endpoint security market.
APAC will exhibit the highest CAGR during the forecast period
APAC is very concerned about increasing security spending due to the growing threat landscape. Machine learning, IoT, big data analytics, and AI are new methodologies being deployed in the region. Organizations are migrating their businesses to the cloud to improve productivity speed and business performance. The nature of cyber threats is constantly changing and becoming more sophisticated. Ransomware, ad fraud malware, Android malware, DDoS, botnets, banking Trojans, and adware are the top malware attacks in the region. Population growth and government policies, among other factors, are expected to boost the growth of AI in the APAC cybersecurity market.
Software to Dominate Artificial Intelligence in Cybersecurity Market During Forecast Period
With the development of AI software and related software development kits, software holds a large share of overall AI in the cybersecurity market. AI systems require different types of software to enable cybersecurity applications, including machine learning algorithms as well as application program interfaces such as language, speech, vision, and sensor data. Due to limited expertise in developing machine learning algorithms, software platforms and solutions are available at higher cost. Companies such as Darktrace (UK), Cylance (US), Securonix (US), and IBM (US) are at the forefront of developing software for AI in the cybersecurity market.
Automotive and transportation to grow at the highest CAGR during the forecast period
Big data poses a significant problem in the automotive industry. Connected cars are becoming gadgets rather than purely physical products, constantly being synchronized and updated. Today, enormous amounts of data are being generated. Combining machine learning and big data analytics offers the opportunity to make sense of the vast amounts of valuable data collected from vehicles, servers and smart mobility services. With machine learning, patterns of “normal” behavior can serve as a baseline and anomalies can be identified, from cyber threats and policy violations to erratic vehicle and driver behavior.
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Major players in this market are NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Xilinx Inc. (U.S.), Samsung Electronics Co., Ltd (Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Microsoft (US), Palo Alto Networks Inc. (US), Trellix (US), CrowdStrike (US) , and NortonLifeLock (US). Players in this market are adopting various strategies to expand their global presence and increase their market share.
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See Adjacent Markets: Market research reports and consulting for semiconductors and electronics
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