Artificial intelligence in cyber security market is valued at $4.94bn in 2019, according to Visiongain

Visiongain has launched a new cyber report Artificial Intelligence in Cyber Security Market Report 2019-2029: Forecasts by Component (Hardware, Software, Services), by Deployment Type (On-premise, Cloud, Hybrid), by Security Type (Endpoint Security, Network Security, Application Security, Cloud Security), by Technology (Machine Learning, Natural Language Processing, Context Awareness Computing), by Application (Antivirus/Antimalware, Identity and Access Management (IAM), Risk and Compliance Management, Intrusion Detection/Prevention Systems, Encryption, Unified Threat Management (UTM), Data Loss Prevention (DLP), Others), by Industry (Enterprise, BFSI, Government & Defence, Retail, Healthcare, Manufacturing, Automotive & Transportation, Others), Leading Company Analysis, Regional and Leading National Market Analysis. The increasing number of cyber frauds and malicious attacks is one of the prime growth factors of artificial intelligence in the cyber security market. In addition, the growing adoption of bring your own devices (BYOD) in organisations is also anticipated to drive the growth of artificial intelligence in the cyber security market. With the rising incidences of cyber-crimes, artificial intelligence in the cybersecurity market will gain traction in years to come. Cyber-frauds such as identity and payment card thefts, account for over 55% of all cyber-crimes and may prove costly for organisations, if not resolved quickly.