Global Artificial Intelligence in Cybersecurity Market worth USD 26.80 Billion by 2024

Global Artificial Intelligence in Cybersecurity Market worth USD 26.80 Billion by 2024

Pune, India, February 19, 2019 -- /360iResearch/ -- The report "Global Artificial Intelligence in Cybersecurity Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 4.13 billion in 2017 and is projected to reach USD 26.80 billion by 2024, growing at a CAGR of 30.64% from 2017 to 2024.

The major forces driving the growth of the artificial intelligence in cybersecurity market include the need to adapt to changing threats landscape from growing adoption of iot and an increasing number of connected devices and need to handle huge volumes of security data and accelerate detection and response times. Moreover, constantly increasing cyber terrorism is also one of the factors that is driving the market growth. However inability of ai to restrict advance threats and zero-day attacks, and rapidly increasing instances of data poisoning attacks may hinder the market growth. In the middle of difficulty lies opportunity such as the ai featured security products to reduce false alerts, make investigations more efficient, and aid speed up the discovery of and response to cyber attacks. The possible challenges for the market growth are evolving nature of cyber-attacks, and budgetary constraints. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global artificial intelligence in cybersecurity market is studied across Hardware, Services, and Software. Based on function, the global artificial intelligence in cybersecurity market is studied across Advanced Threat Detection, Data Loss Prevention, Encryption, Identity and Access Management, Intrusion Detection/Prevention Systems, Proactive Defense and Threat Mitigation, and Risk and Compliance Management. Based on technology, the global artificial intelligence in cybersecurity market is studied across Context Awareness Computing, Machine Learning, and Natural Language Processing. Based on type, the global artificial intelligence in cybersecurity market is studied across Application Security, Cloud Security, Endpoint Security, and Network Security. Based on industry, the global artificial intelligence in cybersecurity market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global artificial intelligence in cybersecurity market is studied across On-Cloud, and On-Premises. Based on geography, the global artificial intelligence in cybersecurity market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the artificial intelligence in cybersecurity market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Acalvio Technologies, Inc., Amazon.com, Inc., Argus Cyber Security, Bitsight Technologies, Cylance, Inc., Darktrace Limited, Deep Instinct, Feedzai S.A., Fortscale Security, Inc., High-Tech Bridge, Indegy Ltd., Intel Corporation, International Business Machines Corp., Micron Technology, Inc., NVIDIA Corporation, Nozomi Networks, Samsung Electronics Co., Ltd., Securonix, Inc., Sentinelone Inc., Sift Science Inc., Skycure Ltd., SparkCognition Inc., Threatmetrix, inc., Vectra Networks, Xilinx, Inc., and Zimperium, Inc..

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