The generative ai in cyber security global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Generative AI In Cyber Security Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The generative AI in cyber security market size has grown exponentially in recent years. It will grow from $2.00 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to the increasing complexity of cyber threats, the rising volume of security data, the proliferation of IoT devices, the growing need for automated threat detection, and the evolution of sophisticated cyber-attacks.
The generative AI in cyber security market size is expected to see exponential growth in the next few years. It will grow to $5.60 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to the increasing adoption of cloud-based services, rising demand for real-time threat detection, growing investment in AI-driven security solutions, the emergence of advanced persistent threats (APTs), and the integration of AI with other cybersecurity tools. Major trends in the forecast period include the expansion of AI in endpoint security, the adoption of AI for enhancing incident response, the integration of AI with blockchain for secure data management, the growth of AI-driven predictive analytics, and the development of AI-powered identity and access management solutions.
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Scope Of Generative AI In Cyber Security Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Generative AI In Cyber Security Market Overview
Market Drivers –
The increasing security threats are expected to propel the growth of the generative AI in cyber security market going forward. Security threats are risks that exploit system flaws or weaknesses, resulting in unauthorized access, data loss, or other forms of damage. Security threats are growing due to the growing complexity of technology, expanded digital attack surfaces, and sophisticated tactics employed by cybercriminals. generative artificial intelligence (AI) in cybersecurity helps address security threats by creating advanced models that predict, detect, and respond to potential risks through continuous analysis of data patterns and threat simulations. For instance, in April 2023, according to the Department for Science, Innovation, and Technology, a UK-based government body, cybercrime affected 11% of businesses and 8% of charities in total over the past 12 months, this number increased to 26% of medium-sized businesses, 37% of large businesses, and 25% of high-income charities. Therefore, the increasing security threats are driving the generative AI in cyber security market.
Market Trends –
Major companies operating in the generative AI in cybersecurity market are focusing on developing advanced solutions, such as cybersecurity assistants, to sustain their position in the market. A cybersecurity assistant is a tool or system, often powered by AI or machine learning, designed to support and enhance cybersecurity efforts by automating tasks such as threat detection, incident response, and vulnerability management. For instance, in August 2024, International Business Machines Corporation (IBM), a US-based technology company, introduced a new generative AI-powered cybersecurity assistant. Built on IBM’s Watsonx AI platform, this tool is designed to improve threat detection and response. Its key features include accelerated threat investigations through historical correlation analysis, integration with IBM’s existing threat detection services, and a conversational AI engine for real-time support. This solution enhances threat management by cross-correlating alerts from multiple sources and continually learning from specific client environments to offer more precise and efficient security insights.
The generative AI in cyber security market covered in this report is segmented –
1) By Type: Threat Detection And Analysis, Adversarial Defense, Insider Threat Detection, Network Security, Other Types
2) By Component: Hardware, Software, Services
3) By Technology: Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Reinforcement Learning (RL), Deep Neural Networks (DNNs), Natural Language Processing (NLP), Other Technologies
4) By End-Use: Banking, Financial Services, And Insurance (BFSI), Healthcare And Life Sciences, Government And Defense, Retail And E-commerce, Manufacturing And Industrial, Information Technology (IT) And Telecommunications, Energy And Utilities, Other End-Uses
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Regional Insights –
North America was the largest region in the generative AI in cyber security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI in cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the generative AI in cyber security market are Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., NVIDIA Corporation, Palo Alto Networks Inc., Fortinet Inc., LexisNexis, CrowdStrike Holdings Inc., Palantir Technologies Inc., Trend Micro Inc., Elastic NV, Proofpoint Inc., Rapid7, Tanium, Darktrace plc, Sumo Logic Inc., SentinelOne Inc., LogRhythm Inc., Snyk, Vectra AI inc., Aqua Security Software Ltd., Illumio, Sophos Ltd., Acalvio Technologies< /b>
Table of Contents
1. Executive Summary
2. Generative AI In Cyber Security Market Report Structure
3. Generative AI In Cyber Security Market Trends And Strategies
4. Generative AI In Cyber Security Market – Macro Economic Scenario
5. Generative AI In Cyber Security Market Size And Growth
…..
27. Generative AI In Cyber Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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