Global Artificial Intelligence (AI) in Cyber Security Market Research Report: Forecast (2022-2027)

Rapid technological advancements have brought multiple developments in Artificial Intelligence, with extensive application in different areas. Observing the increasing cases of cyber-attacks, robust security systems with the integration of top-notch artificial intelligence enable organizations to combat the threats, remain abreast with the cybercriminals, and respond with effective strategies.

The Global Artificial Intelligence (AI) in Cyber Security Market is expected to grow at a CAGR of around 22.60% during 2022-27, says MarkNtel Advisors. Businesses nowadays are more vulnerable than ever to cyber threats due to the surge in connected enterprises, devices, & applications, coupled with the mounting adoption of IoT. With this, there's a burgeoning need for cloud-based security solutions among SMEs and increased use of social media for business functions, which, in turn, is infusing the demand for AI-based security solutions and driving the global market.

AI & its other applications help users secure any system by giving them real-time alerts to alleviate the potential risks. It also aids in reducing various costs associated with business operations, manufacturing & development, monitoring, automation, etc. Moreover, with the implementation of machine learning with AI, threats & malware can not only be detected but also dynamically restrained. Hence, these characteristics of AI are projected to create lucrative growth opportunities for the global market during the forecasted period.

Also, since AI provides limited access to critical information, it is deemed a prominent data security tool by most companies, further states the research report, “Global Artificial Intelligence (AI) in Cyber Security Market Analysis, 2022.”

Covid-19 Positively Influenced the Global Artificial Intelligence (AI) in Cyber Security Market

• With the Covid-19 pandemic in 2020, most businesses worldwide underwent massive losses. However, the Global Artificial Intelligence (AI) in Cyber Security Market observed a profiting effect.
• During the initial phase of the pandemic, with the imposition of stringent movement restrictions & frequent lockdowns by the governments of different countries to combat the virus spread, most organizations adopted Work-from-Home culture.
• This paradigm shift pushed organizations toward new challenges, including mounting vulnerabilities to cyber threats owing to the dependency on home networks for internet access.
• As a result, the need for robust cybersecurity systems integrated with Artificial Intelligence surged exponentially, which crucially benefitted the overall market amidst the crisis.