Artificial Intelligence (AI) in Cyber Security Market Trends, Growth, Analysis and Forecast 2024

The global AI in cybersecurity market is predicted to grow at 35.0% CAGR during the forecast period with the market size reaching USD 31.2 billion by 2024. The market is driven by factors such as increasing stringent data privacy regulations, increasing number of cyber-attacks, increasing adoption of digital solutions, and increasing inclination towards cloud-based solutions from on-premise.

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The market for AI in cyber security devices is primarily driven by increasing data frauds and cyber-attacks worldwide. AI offers the solution to the threat to a great extent and therefore different industry players are focusing on utilizing AI for cyber security, thereby fuelling the growth of the global market.

Natural language processing helps to interpret, interact and establish interaction between computer and human languages. This helps systems to learn patterns of cyber attacks and provide a safer cyber environment for the users.

North America accounted for the major share in the AI in cybersecurity industry in 2017, globally as the players in the region are continuously investing capital for the advancement of AI technology for cybersecurity. Asia-Pacific is observed to witness the fastest growth in the AI in cybersecurity market.

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Check Point Software Technologies Ltd, Juniper Networks, Inc., Amazon, Inc., Intel Corporation, RSA Security LLC, Palo Alto Networks, Inc., Fortinet, Inc., IBM Corporation, Inc., FireEye, Inc., BAE Systems Plc, Cisco Systems Inc., and Symantec Corporation are some of the key players offering solutions and services for AI in cyber security.

Source: VynZ Research