The generative artificial intelligence in security global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Generative Artificial Intelligence In Security Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The generative artificial intelligence in security market size has grown exponentially in recent years. It will grow from $0.66 billion in 2023 to $0.80 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to the rise in cyber threats, the big data explosion, the development of generative models, new security challenges due to the vast number of connected devices, and real-time threat detection and response.
The generative artificial intelligence in security market size is expected to see exponential growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to the increasing complexity and frequency of cyberattacks, stringent data protection laws and regulations, integration with existing security infrastructure, the use of generative artificial intelligence for identity verification, and public-private partnerships. Major trends in the forecast period include enhanced malware analysis, customized security solutions, collaborative threat intelligence, integration with other technologies, and artificial intelligence-driven incident response platforms.
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Scope Of Generative Artificial Intelligence In Security Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Generative Artificial Intelligence In Security Market Overview
Market Drivers –
Increasing cybersecurity threats are expected to propel the growth of generative artificial intelligence in security market going forward. Cybersecurity threats are malicious activities targeting digital systems to steal, damage, or disrupt data and operations. They include hacking, malware, phishing, and ransomware attacks. Cybersecurity threats often arise due to vulnerabilities in systems, human error, and increasingly sophisticated attacks by malicious actors exploiting weaknesses for financial gain, data theft, or disruption. Generative artificial intelligence in security helps to combat cybersecurity threats by generating advanced models for threat detection, simulating potential attack scenarios, and improving response strategies, thereby strengthening overall security measures. For instance, in June 2022, according to the Phishing Activity Trends Report released by the Anti-Phishing Working Group (APWG), a US-based non-profit organization, there were 384,291 phishing attacks in March 2022, contributing to a total of 1,025,968 attacks in the first quarter. This was the first time the total surpassed one million, breaking the previous record of 888,585 attacks in the fourth quarter of 2021. Therefore, increasing cybersecurity threats are driving the growth of generative artificial intelligence in security market.
Market Trends –
Major companies operating in generative artificial intelligence in security market are focusing on developing innovative products, such as next-generation scanners, to provide enterprises with customizable AI-powered security solutions that enhance control and efficiency. Next-generation scanners are advanced imaging devices that utilize cutting-edge technology to deliver higher resolution, faster processing, and more accurate data capture compared to their predecessors. For instance, in May 2024, CalypsoAI Corp., a US-based artificial intelligence (AI) security company, launched Customizable Generative Artificial Intelligence Security Scanners for enterprises. These scanners allow organizations to design their own AI-powered scanners, set detailed policies, block or redact content, and create new categories based on proprietary data. Additionally, enhanced security functionalities for chatbots on platforms such as Slack and Microsoft Teams integrate seamlessly with existing workflows, supporting various AI models and improving secure document handling and query support.
The generative artificial intelligence in security market covered in this report is segmented –
1) By Type: Network Security, Application Security, Cloud Security, Other Security Types
2) By Service: Professional Services, Managed Services
3) By Deployment Mode: Cloud-Based, On-Premises
4) By End Users: Retail, Banking, Financial Services And Insurance, Manufacturing, Healthcare, Other End-Users
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Regional Insights –
North America was the largest region in the generative artificial intelligence in security market in 2023. The regions covered in the generative artificial intelligence in security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the generative artificial intelligence in security market are Intel Corporation, International Business Machines Corporation (IBM), Nvidia Corporation, Palo Alto Networks, Fortinet Inc., CrowdStrike Holdings Inc., Elasticsearch B.V., AO Kaspersky Lab, Forcepoint, Arctic Wolf, Darktrace Holdings Limited, BeyondTrust Corporation, Sumo Logic, SentinelOne, Cybereason, LogRhythm, ExtraHop Networks, Securonix Inc., Vectra AI, Aqua Security, Menlo Security Inc., SparkCognition Inc., Deep Instinct Ltd., Acalvio Technologies
Table of Contents
1. Executive Summary
2. Generative Artificial Intelligence In Security Market Report Structure
3. Generative Artificial Intelligence In Security Market Trends And Strategies
4. Generative Artificial Intelligence In Security Market – Macro Economic Scenario
5. Generative Artificial Intelligence In Security Market Size And Growth
…..
27. Generative Artificial Intelligence In Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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