Artificial Intelligence in Cybersecurity Market by
Offering (Hardware, Software, and Service), Deployment Type, Security Type,
Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End
User, and Geography- Global Forecast to 2026", is projected to
reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest
CAGR of 23.3%.
Major drivers for the market’s growth are growing adoption of IoT and
increasing number of connected devices, rising instances of cyber threat,
growing concerns of data protection, and increasing vulnerability of Wi-Fi
networks to security threats. Furthermore, underlying opportunities for the AI
in cybersecurity market include growing need for cloud-based security solutions
among SMEs, and increased use of social media for business functions.
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Major restraints for the market are inability of AI to stop zero-day and
advanced threats, and rise in insider cyber threats. Limited number of
cybersecurity and AI professionals, and lack of interoperability with existing
information systems pose major challenges to the AI in cybersecurity market.
·
Cloud-based deployment type for AI in cybersecurity
to grow at higher CAGR during forecast period
·
Automotive and transportation to hold largest size
of AI in cybersecurity market during forecast period
·
North America is major contributor for AI in
cybersecurity and is expected to hold largest market size in next 5 years
NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung
Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM
Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK), Cylance
Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US),
Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo
Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players
in the AI in cybersecurity market.
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