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Artificial Intelligence-based Cybersecurity Market

Artificial Intelligence-based Cybersecurity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Artificial Intelligence-based Cybersecurity Market: Introduction

  • Artificial intelligence has been advancing by leaps and bounds in recent years. Artificial intelligence-based cybersecurity can be defined as the integration of AI technology to streamline complex processes of cybersecurity to make the system more secure, reliable, and independent. Advent of descriptive digital technologies through diverse industry verticals, rising demand for advanced cybersecurity solutions and privacy, consistent technological developments, and growth in frequency and complexity of cyber threats are the key factors driving the growth of the artificial intelligence-based cybersecurity market. Furthermore, the rising need for cloud-based security solutions among small and medium-sized enterprises and increasing adoption of 5G technology are likely to boost the growth of the artificial intelligence-based cybersecurity market during the forecast period.
  • With the Covid-19 impact, organizations are focusing on decreasing dependence on human resources and maximizing the use of cutting-edge technology to implement cybersecurity activities. The positive impact of Covid-19 will be distinctive which in turn is expected to boost the growth of the artificial intelligence-based cybersecurity market during the forecast period.
artificial intelligence based cybersecurity market size and forecast

Global Artificial Intelligence-based Cybersecurity Market: Dynamics

Global Artificial Intelligence-based Cybersecurity Market: Key Drivers

  • Ongoing digitization is anticipated to increase at a fast pace in the coming years. Cyber-attacks are prevalent and affect every business, government, and individual. Artificial intelligence-based cybersecurity is recognized to be extremely useful to detect and identify cyber threats by identifying threats and analyzing data before it exploits a vulnerability in information systems. Inventors are using artificial intelligence-based cybersecurity to enhance biometric authentication and remove limitations to make it a reliable system. For instance, Apple’s iPhone X devices that use face recognition technology. The ‘Face ID’ technology detects a user’s facial features through built-in infra-red sensors and neural engines. According to Apple Inc., there is a one-in-a-million chance of misleading the AI and opening the device with another face. Hence, artificial intelligence-based cybersecurity is set to be a budding technology to help organizations get equipped against cyber threats.

North America to Account for Major Share of the Global Artificial Intelligence-based Cybersecurity Market

  • North America is anticipated to be the major regional market for artificial intelligence-based cybersecurity due to presence of major players along with numerous emerging startups in the region, increase in government initiatives toward advanced technologies such as increasing sophistication of cyber-attacks, proliferation of cloud-based solutions, and emergence of disruptive digital technologies and artificial intelligence. However, APAC region is anticipated to witness rapid growth of the artificial intelligence-based cybersecurity market during the forecast period.
artificial intelligence based cybersecurity market region analysis

Global Artificial Intelligence-based Cybersecurity Market: Competitive Landscape

Key Players Operating in the Global Artificial Intelligence-based Cybersecurity Market

Providers of artificial intelligence-based cybersecurity are executing development strategies to enhance their presence and consolidate their share in the market. Providers of artificial intelligence-based cybersecurity have adopted major growth strategies such as product launches, partnerships & acquisitions, and forming regional and global distribution networks in order to increase their presence in the market.

Key players operating in the global artificial intelligence-based cybersecurity market include:

  • Amazon Web Services, Inc.
  • Intel Corporation
  • Microsoft Corporation
  • Nvidia Corporation
  • IBM Corporation
  • FireEye, Inc.
  • Palo Alto Networks, Inc.
  • Juniper Networks, Inc.
  • Fortinet, Inc.
  • Cisco Systems, Inc.
  • Micron Technology, Inc.
  • Checkpoint Software Technologies, Ltd.
  • Imperva
  • McAfee LLC
  • LogRhythm, Inc.
  • Sophos Ltd.
  • NortonLifeLock, Inc.
  • Crowdstrike Holdings, Inc.
artificial intelligence based cybersecurity market size by competition landscape

Global Artificial Intelligence-based Cybersecurity Market: Research Scope

Global Artificial Intelligence-based Cybersecurity Market, by Security type

  • Application Security
  • Cloud Security
  • Endpoint Security
  • Network Security

Global Artificial Intelligence-based Cybersecurity Market, by Application

  • Antivirus/Anti-malware
  • Data Loss Prevention
  • Fraud Detection/ Anti-fraud
  • Intrusion Detection
  • Security and Vulnerability Management
  • Unified Threat Management
  • Others

Global Artificial Intelligence-based Cybersecurity Market, by Region

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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