Rapidly rising e-commerce activities will be the key driver for the global cybersecurity market growth during the forecast period. E-commerce giants such as Amazon are fast diversifying their businesses and product offerings and ecosystem of connected devices is getting wider and bigger. For example, in 2017, Amazon reportedly shipped more than 5 billion products globally. According to the OECD's Creditor Reporting System, funds to the tune of USD 6.6 billion were disbursed to promote cross-border electronic connectivity between 2006 and 2016. Thus, as more people shop and transact online, the global cybersecurity market revenue is set to get fueled in the forecast period.
The AI in security market is expected to be valued at U.S.D 3.92 billion in 2017 and is likely to reach U.S.D 34.81 billion by 2025, at a CAGR of 31.38 percent during the forecast period. Factors such as the increasing U.S.e of the Internet and constant need for employees to be online are contributing to the growth of the market.
The global artificial intelligence in cybersecurity market is expected to grow from USD 4.13 billion 2017 to USD 26.80 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 30.64%. "Need to adapt to changing threats landscape from growing adoption of IoT and an increasing number of connected devices is one of the factors largely attributing to the growth of artificial intelligence in cybersecurity market globally" The factors attributing to the growth of the market are need to adapt to changing threats landscape from growing adoption of iot and an increasing number of connected devices, need to handle huge volumes of security data and accelerate detection and response times, and constantly increasing cyber terrorism. However, some factors such as inability of ai to restrict advance threats and zero-day attacks, and rapidly increasing instances of data poisoning attacks may hinder the market growth. The global artificial intelligence in cybersecurity market is expected to showcase the opportunities such as and ai featured security products to reduce false alerts, make investigations more efficient, and aid speed up the discovery of and response to cyber attacks. In the near future, the market may face the possible challenges in the growth due to evolving nature of cyber-attacks, and budgetary constraints.
"The main thing is to keep the main thing the main thing." These wise words of world-renowned business author Stephen Covey challenge each of us as we stand on the precipice of a new decade. But what's the'main thing' when navigating technology as we enter 2020? As innovation explodes into every area of our lives, cybersecurity is providing the glue that can enable the good and disable the bad for implementing cutting-edge innovation as well as reducing risk from older vulnerabilities. We also see cybersecurity continue as the top priority for chief information officers (CIOs) in 2020, just as it has been for most of the past decade, with groups like the National Association of State CIOs (NASCIO). But even as cybersecurity solutions offer a way forward to ensure privacy protections are workable and effective, most people see the data breaches, ransomware, identity theft, denial-of-service attacks and other cyberattacks as proof that cybersecurity has become the Achilles Heel, not the savior, for new innovation. Even as exciting advances occur in artificial intelligence (AI), autonomous vehicles, 5G networks cloud computing, mobile devices and the Internet of Things (IoT), these same developments seem to cause negative societal disruptions that make daily news headlines. So what will happen next with cybersecurity? That's what this annual security prediction roundup will cover, from the perspective of the top cybersecurity industry companies, thought leaders, executives and journalists. Every year we catalogue the evaluators to see who has made a New Year's security prediction list and checked it twice. And the best security industry prediction reports do much more than just make educated guesses at what might happen in the future.
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.