Intel, IBM, Nvidia Named Among Leaders in Global AI in Cybersecurity

The global AI in cybersecurity market is set to explode over the next several years, reaching nearly $155 billion by 2032.

That’s according to Allied Market Research, which expects a compound annual growth rate (CAGR) of 23.6%. The AI in cybersecurity market generated $19.2 billion in 2022.

Among leading AI in cybersecurity players are Intel, IBM, Nvidia, Samsung, Amazon Web Services (AWS), Palo Alto Networks, Microsoft, Cisco, Micron Technology and GenDigital.

AI in cybersecurity is the use of AI technologies and processes to improve the protection of computer networks, systems and data against cyberattacks. It refers to the use of AI algorithms and machine learning (ML), as well as other AI-related technologies, to identify, prevent, or respond to real-time security incidents.

AI in Cybersecurity Provides Better Protection

AI in cybersecurity provides the ability to improve the speed, precision and effectiveness of security operations, according to Allied Market Research. It enables organizations to better protect and defend against complex and constantly evolving cyber threats.

Market growth is attributed to factors such as the rise in demand for enhanced security solutions, the increasing number of cyberattacks in several industries and the rising adoption of digitalization in security solutions. However, the high implementation cost of AI in cybersecurity solutions, and the lack of skilled cybersecurity experts and education, hamper market growth.

Furthermore, increasing investments and innovation strategies, and the surge in demand for real-time threat detection is anticipated to provide lucrative growth opportunities for the global AI in cybersecurity market in the upcoming years.

Based on offering, the software segment held the highest market share in 2022, accounting for nearly half of the global AI in cybersecurity market revenue. It’s estimated to retain its lion’s share through 2032.

Based on deployment type, the on-premises segment accounted for the largest share in 2022, contributing to more than three-fifths of market revenue. It’s also expected to maintain its lead position through 2032 as on-premises deployment mode may provide an extra level of security to organizations.

Based on security type, the network security segment held the highest market share in 2022, accounting for nearly two-fifths of  market revenue, and is projected to remain atop through 2032. However, the cloud security segment is projected to manifest the highest CAGR of 27.4% from 2023 to 2032.

Machine Learning Takes Big Market Share

Based on technology, the ML segment held the highest market share in 2022, accounting for more than half of market revenue, and is estimated to maintain its leadership status through 2032. ML in security continually learns by examining data to locate trends, enabling users to more effectively detect malware in encrypted communications and identify insider risks. However, the context-aware computing segment is projected to manifest the highest CAGR of 27.1% from 2023 to 2032. Increasing demand for effective cloud-based cybersecurity to protect customer privacy is further expected to propel global market growth.

Based on region, North America garnered the major global AI in cybersecurity market share in 2022, holding nearly two-fifths of market revenue. The region’s industrial sector, including manufacturing, automotive and logistics, has been an early adopter of AI in cybersecurity, and that’s anticipated to further propel market growth.

However, the Asia-Pacific region is expected to maintain its dominance through 2032. The same region would also cite the fastest CAGR of nearly 28% from 2023 to 2032. Key players are investing heavily in automation and AI in cybersecurity to enhance productivity, improve efficiency and address labor shortages, which should provide lucrative growth opportunities for the market in this region.