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Global Artificial Intelligence in Cyber Security Market Analysis & Forecast 2021-2027

by Research Insight Research Analyst

The global artificial intelligence in the cyber security market is anticipated to grow significantly at 28.5% CAGR over the projected period owing to rise in digital platforms across industry verticals, mounting mobile internet penetration, shift from conventional banking to digital banking, increasing investment by government, IT, and financial institutions in Artificial Intelligence Technology (AI) will propel the growth in the market.

The COVID-19 outbreak has increased the demand for artificial intelligence in the cyber security market owing to work from the home model adopted by various organizations. AI in the cyber security market will play a substantial role in the safety and security of organizations from cyber threats.

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Based on security type, the cloud-based security services will witness the fastest growth owing to the rising adoption of IoT devices, rising demand for robust and cost-effective security services. Moreover, these cloud-based security services are adopted in small and medium enterprises which will propel the growth of artificial intelligence in the cyber security market.

North America is anticipated to command the largest share in the market owing to the presence of key players and emerging start-ups in the region, initiatives by the government towards developed technologies like AI, advancement in cloud-based solutions, increasing complexity of cyberattacks, innovation in disruptive technologies.

The prominent players offering solutions and services for AI in the cybersecurity industry include 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.

Source: VynZ Research

 


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About Research Insight Junior   Research Analyst

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Joined APSense since, July 6th, 2021, From Pune, India.

Created on Nov 11th 2021 03:26. Viewed 265 times.

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