Pune, Sept. 28, 2018 (GLOBE NEWSWIRE) -- According to a new report published by PMR, titled, "Artificial Intelligence in Cyber Security Market by Component, Deployment Type, Security Type, Technology, Solution, and End User: Opportunity Analysis and Industry Forecast, 2014-2025, the global artificial intelligence (AI) in cyber security market was valued at $3,300 million in 2017 and is projected to reach $11,047 million by 2025, registering a CAGR of 16.4% from 2018 to 2025. The cloud security segment is anticipated to grow at the highest rate during the forecast period.
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The report provides an in-depth analysis of the global artificial intelligence (AI) in cyber security market, covering its share analysis, trends, dynamics, forecast, Porters five forces analysis, key industry segments, and company profiles. The report provides up-to-date information to help monitor performance and make wise business decisions to boost its growth and profits. It is a useful tool for market players, investors, shareholders, and new entrants. It helps evaluate the market, highlights opportunities in the cyber security industry and supports tactical and strategic decision making.
The report provides an executive summary of the global AI in cyber security industry to help market players and new entrants understand the overall market status. Key findings are outlined in the report to help market players determine investment viability. The competitive landscape is offered to assist industry players to determine the level of competitiveness within the industry and take steps to gain a competitive edge.
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The market landscape of the AI in cyber security market is provided in terms of growth drivers, restraints, opportunities, Porters five forces analysis, and market share analysis. The market dynamics of AI in cyber security industry is dependent on the drivers and restraints. Factors such as rise in sophisticated cyber-attacks and growth in number of IoT based devices are the major factors driving the global artificial intelligence in cyber security market. In addition, stringent government regulations for public data security would supplement the market growth. Nonetheless, less number of AI professionals is a major factor restraining the market growth.
The report offers a detailed segmentation of the global AI in cyber security market based on component, deployment type, security type, technology, solution, end user, and region. Based on component, it is classified into hardware, software, and services. Depending on the deployment type, the market is bifurcated into on-premise and cloud. Based on security type, it is classified into content security, cloud security, application security, endpoint security, and network security. As per technology, it has been studied across machine learning, natural language processing, context aware computing, and others. By solution, it is divided into risk & compliance management, unified threat management (UTM) security incident management, identity & access management (IAM), encryption, intrusion detection & prevention systems, and others. According to end user, it is analyzed across aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecommunication, energy & utilities, manufacturing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
- The machine learning segment occupied the highest share in 2017 and is expected to grow at a CAGR of 15.1%, during the forecast period.
- Based on end user, the BFSI segment accounted for the largest market in 2017, accounting for approximately 21% of the global market, which was followed by the IT & telecom segment.
- The application security segment is expected to witness the highest CAGR of 17.5% from 2018 to 2025.
- The cloud security segment is expected to grow at the fastest CAGR of 21% in the Asia-Pacific region by the end of forecast period.
The report elaborately discusses the software and services provided by the key players in the global AI in cyber security market. An overview of each player is provided to help key market players and investors understand the prevailing competition in the industry. The financial segments of each player as well as their recent developments are also discussed in the study. The key market players analyzed in the report include Acalvio Technologies, Inc., Check Point Software Technologies Ltd., Cyclance Inc., Darktrace, FireEye, Inc., Fortinet, Inc., Securonix, Inc. Sophos Ltd., SparkCognition, Inc., and Symantec Corporation.
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