Scienza e Tecnologia
AI in Cyber Security Market to Cross $101,763.3 Million Revenue by 2030: P&S Intelligence
The AI in cyber security market growth has received a boost during the COVID-19 situation. This is because, with companies shifting to the work-from-home policy and global focus to healthcare, the number of cyberattacks has drastically risen. Criminals are leveraging the COVID-19 subject to launch newer and more-effective attacks, which is driving the demand for AI cybersecurity solutions. Among the organizations that have fallen victims to cybercrimes during the pandemic are Cognizant, the World Health Organization (WHO), and the U.S. Defense Information Systems Agency.
North America is the largest AI in cyber security market currently, due to the rising incidence of cyberattacks, rapid digitization, and rising number of market players. The fastest growth in the industry in the immediate future is predicted in Asia-Pacific (APAC), as the number of data breaches, identity thefts, and financial frauds is surging in the region. This is why public and private organizations in APAC are increasingly investing to make their cybersecurity mechanism more robust with AI.
The competitive landscape of the AI in cyber security market is presently characterized by mergers and acquisitions, as companies offering such solutions are taking these steps to:
The biggest players in the global AI in cyber security market are RSA Security LLC, BAE Systems plc, Palo Alto Networks Inc., IBM Corporation, FireEye Inc., Fortinet Inc., Cisco Systems Inc., Check Point Software Technologies Ltd., Acalvio Technologies Inc., Juniper Network Inc., Amazon Web Services Inc., Darktrace Limited, Cylance Inc., NVIDIA Corporation, and Securonix Inc.
The stringent government regulations for data privacy, rising number of data breaches, growing usage of mobile devices, high internet penetration, and surging implementation of next-generation technologies, such as machine learning (ML) and computer vision, in varied business functions are the major factors contributing toward the positive growth of the global cyber security market.
Increasing number of cyber-attacks, rising legislations concerning cybersecurity, and growing adoption of cybersecurity insurance as a risk mitigation strategy are the key factors that positively impact the growth of the global cyber insurance market. Due to these factors, the market is expected to generate $70,671.9 million revenue in 2030, advancing at a CAGR of 26.3% during the forecast period (2020–2030).
P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg