• AI Cybersecurity: USD 22.4B (2023) to USD 60.6B (2028).
• Rising demand for AI with focus on behavioral analytics.
• Asia Pacific leads in growth with rising population and tech adoption.

The global Artificial Intelligence in Cybersecurity Market is poised for exponential growth, with a projected surge from USD 22.4 billion in 2023 to an impressive USD 60.6 billion by 2028, according to a recent report by MarketsandMarkets™.

The forecast indicates a robust Compound Annual Growth Rate (CAGR) of 21.9% during the specified period, underscoring the increasing significance of AI technologies in fortifying cybersecurity measures.

Key Highlights:

1. Behavioral Analytics and Threat Detection: AI’s future in cybersecurity lies in behavioral analytics and sophisticated threat detection. Machine learning (ML) algorithms, particularly in behavioral biometrics, are becoming crucial for proactive threat protection. The dynamic nature of cyber threats necessitates advanced AI solutions for effective defense.
2. Market Drivers and Trends: The surge in cyberattacks on tech firms, defense, and government agencies has propelled the demand for AI solutions. The report emphasizes the vital role of AI, particularly in natural language processing (NLP) and ML, in enhancing cybersecurity. The banking sector, facing rising privacy concerns, underscores the significance of AI-based cybersecurity.
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3. Market Growth Factors: The AI in cybersecurity market is anticipated to expand, driven by increasing demand from small- and medium-sized enterprises (SMEs). The adoption of AI-based cybersecurity solutions is further propelled by the growing use of connected devices, the Bring Your Own Device (BYOD) trend, and the global increase in internet usage.
4. Software Segment Dominance: The software segment is expected to hold the largest market share during the forecast period. Stricter data privacy policies and regulations contribute to the increasing demand for AI-based cybersecurity solutions, addressing challenges posed by evolving cyber threats.
5. Managed Services on the Rise: Managed services are anticipated to exhibit the highest CAGR during the forecast period. AI algorithms in managed services enhance real-time threat detection, automate incident responses, and optimize resource allocation through AI automation.
6. Asia Pacific Leading Growth: The Asia Pacific region is estimated to experience the highest CAGR during the forecast period. Factors such as population rise, government policies, and the adoption of emerging technologies like Machine Learning, IoT, and Big Data analytics contribute to the region’s growth in AI cybersecurity.

Notable Collaborations and Developments:

• NVIDIA and Oracle have joined forces to bring accelerated computing and AI to Oracle Cloud Infrastructure (OCI), offering customers enhanced solutions for business challenges.
• Samsung Electronics Co., Ltd has launched LPDDR5X DRAM with high processing speed, catering to diverse applications, including smartphones, PCs, high-performance computing, servers, and automobiles.
• Check Point Software Technologies Ltd collaborated with Intel to integrate cybersecurity easily into IoT devices, enhancing security without impacting product performance.

As the global landscape faces evolving and sophisticated cyber threats, the AI in Cybersecurity market is positioned to play a pivotal role in fortifying defense infrastructure. The projected growth underscores the increasing reliance on AI-driven solutions to address the ever-changing dynamics of cyber warfare.

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