The Europe Artificial Intelligence In Cybersecurity Market would witness market growth of 24.0% CAGR during the forecast period (2022-2028).
Making sure AI systems are comprehensible, or able to give a reason for their choices, is one way to do this. As a result, it will be easier to ensure that decisions are transparent and responsible and less likely that hostile examples would be exploited to exploit the system. Enterprises, the government and the military, along with other infrastructural facilities and assets of a country or its population are the main targets of the mentioned cyber attackers or threats.
Cyberattacks have become more frequent and sophisticated. For these reasons, it is necessary to combine artificial intelligence (AI) with current cybersecurity techniques in order to properly assess and decrease the frequency of cyberattacks. Modern enterprise environments have a significant and quickly expanding cyberattacks surface.
It indicates that more than only human interaction is needed for cybersecurity posture analysis as well as improvement within a company. Information security is increasingly dependent on AI and machine learning, which can quickly analyze millions of data sets and find a variety of cyber threats, from malware threats to dubious activity that could lead to a phishing attempt.
The adoption of AI in a number of industries in the region is expanding. According to the UK government, at least one AI technology is used by 432,000 firms or around 15% of all businesses. 10% of organizations, or 62,000 and 292,000 companies, respectively, are anticipated to use AI in the future. Currently, 2% of companies are experimenting with AI. As businesses grow, they are more inclined to adopt AI.
The Germany market dominated the Europe Artificial Intelligence In Cybersecurity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,822.4 million by 2028. The UK market is anticipated to grow at a CAGR of 22.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 24.9% during (2022 - 2028).
Based on Offering, the market is segmented into Services, Hardware, and Software. Based on Vertical, the market is segmented into Enterprise, BFSI, Retail, Government & Defense, Healthcare, Manufacturing, and Others. Based on Application, the market is segmented into Fraud Detection/Anti-Fraud & Threat Intelligence, Identity & Access Management, Risk & Compliance Management, Data Loss Prevention, and Unified Threat Management & Others. Based on Type, the market is segmented into Network Security, Endpoint Security, Vertical Security, and Cloud Security. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing (NLP), and Context-aware Computing. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Artificial Intelligence In Cybersecurity Market will Hit $57.1 Billion by 2028, at a CAGR of 24.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Amazon Web Services, Inc., FireEye, Inc., BlackBerry Limited, Fortinet, Inc., Intel Corporation, RELX PLC, Micron Technology, Inc., Acalvio Technologies, Inc., and Darktrace Holdings Limited.
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