AI in Cybersecurity market projected to reach USD 147.5 billion by 2033 with 20.8% CAGR.

From GlobeNewswire: 2024-05-22 12:52:00

The Global AI in Cybersecurity Market is projected to reach USD 147.5 billion by 2033, with a 20.8% CAGR from 2023. AI plays a crucial role in reducing costs across industries and enhancing cybersecurity measures, particularly in anti-fraud and security management. Network security, machine learning, and NLP are driving market growth, with North America leading in revenue share. The market is also seeing advancements in zero-trust security, explainable AI, deception technology, and federated learning techniques. Major players like NVIDIA, IBM, and Intel are investing heavily in AI-based cybersecurity solutions to combat cyber threats. The market offers opportunities in market expansion, customization, scalability, compliance solutions, and addressing the cybersecurity skills gap.



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