The artificial intelligence in cybersecurity market size is
New York, Dec. 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Artificial Intelligence in Cyber Security Market by Supply, Deployment Type, Security Type, Technology, Application, End User and Geography – Global Forecast to 2028” – https: //www.reportlinker.com/p05273236/?utm_source=GNW
Growing concerns about data protection
Data protection guidelines play an essential role in addressing growing concerns about the privacy of an individual’s data. The ever-changing threat landscape has given rise to a large number of government regulations worldwide, which must be strictly adhered to by enterprises around the world.
Businesses are required to meet mandatory security standards, failing which, a serious fine must be paid to the government. An enterprise data breach or data leakage causes huge data loss for organizations and hampers the brand image of companies.
Recently, the Bank of Spain has seen DDoS attacks, resulting in sporadic disruptions to the company’s website services. The regulatory compliance provides a guideline to implement best practices and mitigate security risks.
The various regulatory compliances include the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), Federal Trade Commission (FTC), Gramm-Leach-Bliley Act (GLBA). ), European Union Agency for Network and Information Security (ENISA), GDPR and Sarbanes-Oxley Act (SOX). The compliance helps SMEs and large enterprises across various industries to adopt best practices and maintain robust cyber security. The federal regulations governing the development and implementation of data security policies, standards, and guidelines focus on specific industries, such as the financial and health care industries, which are governed by the HIPAA and GLBA, respectively. The FTC regulates corporate cybersecurity practices, which involves preventing companies from having inadequate security practices that fall under the regulation of unfair trade practices. European GDPR is a revolutionary regulation governing data privacy laws across Europe. Furthermore, the PCI DSS standard protects the cardholder against fraudulent activities and financial theft. The other important regulations include FISMA and SOX which ensure and govern data privacy and data security.
Increasing vulnerability of Wi-Fi networks to security threats
In Wi-Fi networks, a hacker can position himself between the user and the connection point. Instead of connecting directly to the hotspot, the user sends information to the hacker, who then transmits it.
Free Wi-Fi hotspots require no authentication to establish a network connection, making them easy targets. Hackers can also use an unsecured Wi-Fi connection to spread malware.
If a user allows file sharing over a network, the hacker can easily plant infected software on his computer. A few ingenious hackers have even managed to hack the connection point itself, causing a pop-up window to appear during the connection process that offers an upgrade to a piece of popular software; clicking on the window installs the malware.
As mobile Wi-Fi becomes more and more common, one can expect Internet security issues and public Wi-Fi risks to grow over time.
Most Wi-Fi connections use the WPA2 security protocol. Malicious attack can be used to steal sensitive information, such as credit card numbers, passwords, chat messages, emails and photos.
Attackers can also inject some ransomware or malware into the website. The vulnerability affects a number of operating systems and devices, including Android, Linux, Apple, Windows, OpenBSD, MediaTek, Linksys, and others.
Traditional cybersecurity methods are not very effective in dealing with the attacks on WiFi networks, and this drawback of traditional cybersecurity methods is driving the need for AI in cybersecurity.
APAC is the fastest growing region in the artificial intelligence in cyber security market
Asia Pacific is expected to be a high-growth market for artificial intelligence in cybersecurity during the forecast period. SMEs and large enterprises in this region are rapidly adopting cybersecurity solutions to ensure security of their networks, web, and mobile applications.
High adoption of advanced technologies, such as IoT, big data analytics, and cloud computing, and growing concerns about data security in the region are expected to drive the growth of the AI in cybersecurity market in APAC.
The breakdown of primaries conducted during the study is depicted below:
• By Company Type: Tier 1 – 30%, Tier 2 – 30%, and Tier 3 –40%
• By appointment: C-level Executives – 45%, Directors – 30%, and others – 25%
• By Region: North America – 30%, Europe – 40%, APAC – 25%, Rest of World – 5%
Research coverage
The report segments the artificial intelligence in cyber security market and forecasts its size by value, based on geography (North America, Europe, Asia Pacific and RoW), deployment type (on-premises, cloud), security type (network security, endpoint) security, application security and cloud security), by application (identity and access management, risk and compliance management, data loss prevention, unified threat management, antivirus/antimalware, intrusion detection/prevention system, security and vulnerability management, threat intelligence, fraud detection, and others (such as application whitelisting and patch management)), end users (government and defense, BFSI, enterprise, infrastructure, automotive and transportation, healthcare, retail, manufacturing, and others (oil and gas, education and energy) ), offerings (hardware, software and services ) and technology (machine learning, natural language processing (NLP) and context-aware computing). The report also provides a comprehensive nsive overview of market drivers, restraints, opportunities and challenges in the artificial intelligence in cyber security market.
The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key benefits of purchasing this report
1 This report comprehensively segments the artificial intelligence in cyber security market the closest approximations of the overall market size and that of the sub-segments across different applications and regions.
2 The report provides a detailed analysis of the artificial intelligence in cyber security market using competitive leadership mapping, including key companies in the market and their relationships in the ecosystem.
3 Major market drivers, restraints, challenges and opportunities have been detailed in this report.
4 Illustrative segmentation, analyzes and forecasts for the market based on offerings, deployment type, security type, applications, end users, technology and geography have been carried out to provide an overall overview of the artificial intelligence in cyber security market.
5 The report includes an in-depth analysis and ranking of key players.
Read the full report: https://www.reportlinker.com/p05273236/?utm_source=GNW
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