According to a new report, published by KBV research, The Global Artificial Intelligence In Cybersecurity Market size is expected to reach $57.1 billion by 2028, rising at a market growth of 24.5% CAGR during the forecast period.
The Software segment is showcasing a CAGR of 25% during (2022 - 2028). Market players can invest money in the software platform and highlight cutting-edge cybersecurity solutions. For instance, IBM and AMD partnered in November 2020 to strengthen their AI and cybersecurity services. To advance secret computing, they would probably build on open system architecture, open-source software, and open standards.
The Enterprise segment acquired maximum revenue share in the Global Artificial Intelligence In Cybersecurity Market by Vertical in 2021 thereby, achieving a market value of $13 billion by 2028. A paradigm shift in how people use crowdfunding to make payments, purchases, apply for loans, as well as withdraw money has been brought about by the surge of innovations and technological advancements.
The Identity & Access Management segment has shown the growth rate of 24.8% during (2022 - 2028). IAM, also called identity and access management, is a business procedures, laws, and technological advancements framework in order to make it simple to manage electronic or digital identities. Information technology administrators can regulate user access to critical and sensitive data within their organizations through an IAM architecture in place.
The Network Security segment is generating highest revenue share the Global Artificial Intelligence In Cybersecurity Market by Type in 2021 thereby, achieving a market value of $22.8 billion by 2028. The increasing growth of the segment is a result of artificial intelligence and machine learning algorithms gaining popularity. Businesses are using cybersecurity to safeguard against and stop cyberattacks. Hardware could be a key growth accelerator to increase business productivity and operations scalability.
The Natural Language Processing (NLP) segment showcasing CAGR of 24.7% during (2022 - 2028). The surge in popularity of natural language inference, sentiment analysis, text summarization, as well as question-answering systems is primarily responsible for the trend. Additionally, NLP is now frequently used to find data, framework, and standard overlaps as well as security infrastructure vulnerabilities. Over the coming years, automation and customization in NLP could advance the field and broaden AI applications in cybersecurity.
The North America market dominated the Global Artificial Intelligence In Cybersecurity Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20.8 billion by 2028. The Europe market is exhibiting a CAGR of 24% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 25% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/artificial-intelligence-in-cybersecurity-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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