AI In Cyber Security Is Worth Almost $5B

The increasing number of cyber frauds and malicious attacks is one of the prime growth factors driving the application of artificial intelligence in the cyber security market, which is valued at $4.94B according to analysts at VisionGain

In addition, the growing adoption of bring your own devices (BYOD) in organisations is also anticipated to drive the growth of artificial intelligence in the cyber security market. With the rising incidences of cyber-crimes, artificial intelligence in the cybersecurity market will continue to gain traction.

Cyber-frauds such as identity and payment card thefts, account for over 55% of all cyber-crimes and may prove costly for organisations, if not resolved quickly.

Artificial intelligence offers solutions to combat cyber fraud by identifying threat detection, reducing response time and refining techniques to distinguish attacks that require immediate attention. In the United States, the Government Accountability Office (GAO) reported rising cyber incidents which are growing annually, despite taking stringent action to combat them.

Some of the major trends in artificial intelligence in the cybersecurity market include the growing use of cloud in cybersecurity and the rising adoption of chatbots to combat cyber-crimes. Cloud-based cyber security is also gaining prominence, as the cloud appears to be more cost effective and affordable for SMEs and large enterprises.

Cloud-based cybersecurity enhances intelligence gathering of data and threat modelling, enhancing collaboration of data, blocking attacks and minimising the delay between detection and remediation, which results in a secure communication channel. It also reduces the hardship to purchase, maintain, and hire support personnel, enabling companies to address security issues at a lower cost.

Usage of the cloud to combat cyber-crimes through artificial intelligence is gaining traction with some of the major companies are investing heavily in artificial intelligence capabilities for cognitive computing. It improves not only the current cloud platform incumbency but also empowers a new generation of cloud computing technologies to mitigate security risk.

Artificial intelligence based cloud computing offers powerful speech recognition, text analysis and fast dynamic translation, which allow countering cyber threats, which will drive growth for artificial intelligence in the cybersecurity market in years to come.

The VisionGain report analyst commented “Chatbots are gaining significance as they understand the need of the user and provide a specific set of responses for which they are trained. They are also poised to disrupt various industries, such as retail, and banking and insurance, and are personified through artificial intelligence.

The disruption in technology brings new security concerns, and chatbots are expected to overcome big cyber-crimes. Adoption of artificial intelligence’s core technologies such as NLP, and machine learning, coupled with thousands of learning iterations, will enable chatbots to combat cyber threats and other malicious attacks in the years to come, which will fuel the growth for artificial intelligence in cyber security market.”

Globe Newswire:

You Might Also Read: 

The Cloud Is A Key To Cyber Defence:

 

« Young Hacker Makes $1m. Legally.
‘Chinese Spies’ Had NSA Cyber Weapons Before The Shadow Brokers Leak »

ManageEngine
CyberSecurity Jobsite
Check Point

Directory of Suppliers

Tines

Tines

The Tines security automation platform helps security teams automate manual tasks, making them more effective and efficient.

Resecurity

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

TÜV SÜD Academy UK

TÜV SÜD Academy UK

TÜV SÜD offers expert-led cybersecurity training to help organisations safeguard their operations and data.

ZenGRC

ZenGRC

ZenGRC (formerly Reciprocity) is a leader in the GRC SaaS landscape, offering robust and intuitive products designed to make compliance straightforward and efficient.

Certes

Certes

Certes is a pioneer in delivering cutting-edge security technology solutions, with a specific focus on Data Protection Risk Mitigation (DPRM).

Genie Networks

Genie Networks

Genie Networks is a leading technology company providing networking and security solutions for optimizing the performance of large networks.

SecuTech Solutions

SecuTech Solutions

SecuTech is a global leader in providing strong authentication and software licensing management solutions.

MAD Security

MAD Security

MAD Security is a premier provider of information and cybersecurity solutions that combine technology, managed security services, support and training.

Secude

Secude

SECUDE is an established global security solutions provider offering innovative data protection for SAP users.

Intel Capital

Intel Capital

Intel Capital, Intel's strategic investment organization, backs innovative technology startups and companies worldwide. We invest in a broad range of hardware, software, and services.

GLESEC

GLESEC

GLESEC offer a complete range of Cyber Security services from Operations & Intelligence Services to Auditing & Compliance and Simulation and Training.

Gordian Networks

Gordian Networks

Gordian Networks offers complete managed IT services and IT support for small to large businesses.

ScorpionShield

ScorpionShield

ScorpionShield CyberSecurity is an EC-Council Accredited Training Center, and an On-Demand Service for Cybersecurity professionals.

Ostendio

Ostendio

Ostendio is a cybersecurity and information management solutions provider that develops affordable compliance solutions for digital health companies and other regulated entities.

ConductorOne

ConductorOne

ConductorOne is building the identity security platform for the modern workforce.

Lansafe

Lansafe

Lansafe stands as a leading managed service provider in the UK, seamlessly integrating IT, Telecoms, Security, Electrical and Cyber Security solutions.

Togggle

Togggle

Togggle offers seamless identity verification solutions and distributed infrastructure, enabling organizations to combat fraud and ensure compliance with data protection regulations.

e-Safer

e-Safer

e-Safer's mission is to provide solutions and services that ensure a safer digital environment.

Securitybricks

Securitybricks

Securitybricks specialize in cloud security and compliance. Our mission is to automate regulatory compliance backed by human validation.

Steryon

Steryon

Steryon is an innovative Cyber Resilience & Risk Management Platform for Cyber-Physical Systems (CPS), tailored for industrial infrastructures.