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Artificial Intelligence (AI) in Cybersecurity Market Worth $46.3 billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Estimates by Meticulous Research®

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London, June 19, 2020 (GLOBE NEWSWIRE) — According to new market research report titled, “Artificial Intelligence (AI) in Cybersecurity Market by Technology (ML, NLP), Security (Endpoint, Cloud, Network), Application (DLP, UTM, Encryption, IAM, Antivirus, IDP), Industry (Retail, Government, Automotive, BFSI, IT, Healthcare, Education), Geography– Global Forecast to 2027”. The artificial intelligence in cybersecurity market is expected to grow at a CAGR of 23.6% from 2020 to 2027 to reach $46.3 billion by 2027.Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5101Artificial intelligence in cybersecurity can simply be defined as the incorporation of AI technology to simplify complex processes of cybersecurity to make the system more reliable, secure, and independent. Emergence of disruptive digital technologies across different industry verticals, increasing demand for advanced cybersecurity solutions & privacy, increase in frequency & complexity of cyber threats, and consistent technological developments are the key factors driving the growth of the artificial intelligence in cybersecurity market. Moreover, the growing need for cloud-based security solutions among small and medium-sized enterprises and rising adoption of 5G technology is encouraging the growth of the artificial intelligence in cybersecurity market during the forecast period. However, the lack of skilled AI professionals and global impact of COVID-19 pandemic may restrict the growth of this market in the coming years to some extent.Impact of COVID-19 on Artificial Intelligence in Cybersecurity MarketIn 2020, the world is facing a very difficult and unpredicted situation as the coronavirus continues to spread. The COVID-19 has started showing its distressing collision on most of the profitable businesses across the globe. The outbreak is also causing the world’s economy to be slower and creating serious challenges for various industries. Due to lockdowns, several organizations are functioning with work from home policies over the organization’s network. Reliance on remote access systems is making organizations more vulnerable to DDOS and phishing attacks. Excessive dependence on network usage during the COVID-19 pandemic is creating several loopholes for data theft, ransomware attacks, and data breaches in an organization. Several organizations are ensuring their detection and alerting capabilities are functional while keeping an eye on the impact of having remote workers, thereby exposing sensitive information. Organizations are focusing on monitoring emails and active directory for anomalous logins, reviewing tactical actions, and implementing key security controls that are overlooked on multiple occasions. Several leading players are planning their strategies accordingly by ensuring remote access system is sufficiently resilient to withstand cyber threats and rethink their cyber risk management measures. The artificial intelligence in cybersecurity will play a significant role in the safety and security of organizations from cyber threats. With the COVID-19 impact, industry verticals are focusing on reducing dependencies on human resources, as well as maximizing the use of process and advanced technology to perform cybersecurity activities. The positive impact will be perceptible which in turn encourages the growth of the AI in cybersecurity market over the forecast period.Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5101Although the overall AI in cybersecurity market has got affected by the pandemic, the market still holds considerable potential to bounce back. According to the Cyber Intelligence Centre, in 2020, there is a spike of phishing attacks, mail spams, and ransomware attacks as attackers are using COVID-19 as bait to personate brands, thereby misleading customers and employees. Thus, organizations are focusing on advanced technologies in cybersecurity for protection against such threats. Besides, the factors such as favorable government policies & initiatives including financial packages for the businesses and ease in tax, increasing demand for advanced cybersecurity solutions in the healthcare sector coupled, and increasing investment in advanced technologies are further expected to contribute to the growth of the artificial intelligence in cybersecurity market.The overall artificial intelligence in cybersecurity market study presents historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of component, technology, security, applications, deployment, industry vertical, and geography. The study also evaluates industry competitors and analyzes the market at a country level.Based on component, the software segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020. The large share of this segment is primarily driven by the factors such as growing number of data security concerns, increase in demand for AI platform solutions for security operation, and increasing demand for robust and cost-effective security solutions among business enterprises to strengthen their cybersecurity infrastructure. Moreover, the growing demand for new installation and integration and organizations’ call for frequent support and maintenance is also expected to encourage fast growth of the service segment during the forecast period. However, the service segment is expected to grow with the fastest growth rate over the coming years. AI in cybersecurity is expected to become more mature in the western part of the world. As a result, professional AI services such as deployment & integration and support & maintenance are expected to gain momentum with the consistent proliferation of AI in cybersecurity.Based on technology, the Machine Learning technology segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, as well as projected to grow with the fastest CAGR during the forecast period. The large share and rapid growth of this segment is mainly attributed to its capability to collect, process, and handle big data that originated from different sources. This helps in making predictions based on the data, forecast cyber threats, and help in analyzing real-time user behavior patterns to protect the network from potential cyberthreats. Besides, role of machine learning in modern-day healthcare cybersecurity is quite crucial, as this particular end-use vertical is one of the most affected verticals from security breaches and data thefts. Therefore, the growing need for intelligent healthcare cybersecurity is encouraging the fast growth of Machine Learning technology in AI in cybersecurity market.Based on security, the network security segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, owing to the increasing number of APTs, malware, and phishing attacks. Besides, the factors such as increase in the adoption of the Bring Your Own Device (BYOD) trend, growing demand for network security solutions, and privacy concerns is also expected to drive the growing demand for network security segment in the coming years. On the other hand, the cloud security segment is slated to grow at the fastest CAGR during the forecast, which is primarily driven by the increased adoption of Internet of Things (IoT) devices, growing adoption of cloud-based security technologies, and increasing demand for robust and cost-effective security services. Besides, the high adoption rate of cloud computing among small and medium scale enterprises has further proliferated the growth of the cloud security segment in the overall AI in cybersecurity market.Based on application, the identity and access management segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020. The large share of the segment is mainly attributed to the growing need for integrity and safety of the confidential information in industry verticals, growing emphasis on compliance management, increasing trend of mobility solutions, and increase in security concerns among organizations. However, the data loss prevention segment is slated to grow at the fastest CAGR during the forecast period, due to the increasing focus of organizations towards meeting regulatory and compliance requirements and shifting of data to cloud storage. Besides, consistently growing cases of data theft in organizations is also expected to support the fast growth of this segment.Based on deployment, the on-premises deployment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020. The large share of this segment is primarily accounted for the factors such as increase in concerns towards enhancing the internal processes & systems, security issues related to cloud deployment, and rise in demand for advanced security application software among industry verticals. However, the cloud-based deployment is slated to grow at the fastest CAGR during the forecast period due to the increasing number of large enterprises using cloud platform for data repository as well as growing demand to reduce the capital investment required to implement cybersecurity solutions. Besides, several organizations are moving operations to the cloud, which has led cybersecurity vendors to develop cloud-based solutions.Quick Buy – AI in Cybersecurity Market Research Report: https://www.meticulousresearch.com/buy_now.php?pformat=403&vformat=1193Based on industry vertical, the BFSI sector is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020. The large share of this segment is primarily accounted for the rising sophistication levels of cyber-attacks, increasing number of financial & banking frauds, and hacking and mounting number of cyber-attacks in banking & financial services sector. However, the manufacturing sector is slated to grow at the fastest CAGR during the forecast period, due to the rising sophistication levels of cyber-attacks, increasing government funding to improve the cybersecurity of the industrial environment, advent of industrial 4.0, rise in the number of malware attacks, and increase in the adoption of IoT devices.Geographically, the North America region is estimated to command the largest share of the global artificial intelligence in cybersecurity market in 2020, followed by Asia Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this region is primarily accounted for the factors such as presence of major players along with several emerging startups in the region, increase in government initiatives towards advanced technologies such as artificial intelligence, proliferation of cloud-based solutions, increasing sophistication of cyber-attacks, and emergence of disruptive digital technologies. However, Asia-Pacific region is expected to witness rapid growth during the forecast period, driven by the factors such as rising consumption of connected devices; growing awareness regarding cybersecurity among organizations; rapid economic development; high adoption of advanced technologies such as IoT, 5G technology, and cloud computing; and rising privacy & security concerns in the region.The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2017–2020). The artificial intelligence in cybersecurity market has witnessed partnerships & agreements in recent years that enabled companies to broaden their product portfolios, advance the capabilities of existing products, as well as gain the cost leadership in the cybersecurity market. For instance, in 2020, IBM Corporation partnered with will.i.am’s AI startup to further push artificial intelligence, with Red Hat OpenShift on IBM public cloud. This will further ensure enterprise-level security for customer data. Similarly, in 2020, LogRhythm, Inc. partnered with Keeper Security, provider of the leading cybersecurity platform. This partnership will integrate Keeper’s extensive password event data into LogRhythm SIEM to create a holistic view of a threat environment.The global artificial intelligence in cybersecurity market is fragmented in nature. The major players operating in this market are Amazon Web Services, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), FireEye, Inc.  (U.S.), Palo Alto Networks, Inc.  (U.S.), Juniper Networks, Inc.   (U.S.), Fortinet, Inc.  (U.S.), Cisco Systems, Inc. (U.S.), Micron Technology, Inc.  (U.S.), Checkpoint Software Technologies Ltd.  (U.S.), Imperva (U.S.), McAfee LLC (U.S.), LogRhythm, Inc. (U.S.), Sophos Ltd. (U.S.), NortonLifeLock Inc. (U.S.), and Crowdstrike Holdings, Inc. (U.S.), among others.To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/artificial-intelligence-in-cybersecurity-market-5101/Scope of the Report:AI in Cybersecurity Market by Component                            Hardware                            ProcessorsNetworking SolutionsMemory SolutionsSoftware              AI PlatformsAI SolutionsServices               Deployment & IntegrationSupport & MaintenanceAI in Cybersecurity Market by Technology               Machine LearningNatural Language ProcessingContext-Aware ComputingAI in Cybersecurity Market by Security Type             Application SecurityEndpoint SecurityCloud SecurityNetwork SecurityAI in Cybersecurity Market by ApplicationData Loss PreventionUnified Threat ManagementEncryptionIdentity and Access ManagementRisk and Compliance ManagementAntivirus/AntimalwareIntrusion Detection/Prevention SystemDistributed Denial of Service (DDoS) MitigationSecurity Information and Event Management (SIEM)Threat IntelligenceFraud DetectionAI in Cybersecurity Market by Deployment Type                    On-PremisesCloudAI in Cybersecurity Market by Industry VerticalRetailGovernment & DefenseAutomotive & TransportationBFSIManufacturingInfrastructureIT & TelecommunicationHealthcareAerospaceEducationEnergyAI in Cybersecurity Market by Geography:    North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaRest of Asia-PacificLatin AmericaMiddle East and AfricaDownload Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5101Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research.phpRelated Reports:Big Data Security Market by Component (Solution, Services), Application (Identity and Access Management, Security Information and Event Management, Intrusion Detection System), Deployment, Industry Size (SMEs, Large Enterprises)- Global Forecast to 2027https://www.meticulousresearch.com/product/big-data-security-market-4984/Artificial Intelligence in Retail Market by Product (Chatbot, Customer Relationship Management), Application (Programmatic Advertising), Technology (Machine Learning, Natural Language Processing), Retail (E-commerce and Direct Retail)- Forecast to 2025https://www.meticulousresearch.com/product/artificial-intelligence-in-retail-market-4979/Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions) Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), and by End User – Global Forecast to 2027https://www.meticulousresearch.com/product/artificial-intelligence-ai-in-supply-chain-market-5064/Artificial Intelligence In Healthcare Market By Product (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP), Application (Drug Discovery, Precision Medicine), End User, And Geography – Global Forecast To 2025https://www.meticulousresearch.com/product/artificial-intelligence-healthcare-market/Artificial Intelligence in Manufacturing Market, by Component, Technology (ML, Computer Vision, NLP), Application (Cybersecurity, Robot, Planning), Industry (Electronics, Energy, Automotive, Metals and Machine, Food and Beverages) – Global Forecast to 2027https://www.meticulousresearch.com/product/artificial-intelligence-in-manufacturing-market-4983/Digital Transformation Market by Technology (IoT, Cloud, Big Data, AI), Process Transformation (Customer, Operation, Product, Workforce), End-use Industry (Retail, Healthcare, Manufacturing, Insurance), Industry Size – Global Forecast to 2025https://www.meticulousresearch.com/product/digital-transformation-market-4980/About Meticulous Research®The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Meticulous Research®
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LinkShadow is positioned as a Representative Vendor in the 2024 Gartner® Market Guide for Network Detection and Response (NDR)

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April 18, 2024

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ATHENS, Georgia, April 18, 2024 /PRNewswire/ — LinkShadow, a global leader in intelligent Network Detection and Response (NDR) has been recognized in the Gartner 2024 Market Guide for NDR solution. This insightful Gartner Report elaborates on how NDR can amplify infrastructure security by seamlessly integrating with various technologies such as SOAR, SIEM, EDR, MDR and numerous others.

 
 
As per Gartner, “The network detection and response market continues to grow and expand to hybrid network scenarios with IaaS deployment. Security and risk management leaders should reprioritize NDR as a key provider of AI analytics in the context of more automated security operations assistants.” 
Gartner also recommends that “enterprises should strongly consider NDR solutions to complement signature-based network security tools and network sandboxes. Many Gartner clients have reported that NDR tools have detected suspicious network traffic that other perimeter security tools had missed.”
Commenting on this, Fadi Sharaf, Regional Sales Director, LinkShadow, said: “We believe this Gartner recognition strengthens LinkShadow’s positioning in the NDR domain. Our aim is to extend the robust LinkShadow NDR capability to enterprises and empower them to stay ahead of the threat curve, taking a proactive approach to safeguard their sensitive assets.”
According to Gartner, “Despite strong competition from other platforms, NDR global market revenue continues to grow double digit, registering an increase of 19% for the period 1Q23 through 3Q23, year over year. When the NDR market was nascent, it was composed of a mix of pure-play startups and network monitoring companies expanding to security use cases. As the market grows, it is attracting more and more large platform providers.”
Gartner Key Findings:
Network detection and response (NDR) is commonly used as a complementary detection and response technology as part of a broader arsenal of security operations center (SOC) tools.The emergence of “AI-augmented” analytics overlays, in the form of SOC assistants, will benefit the NDR market as a useful source of insights for aggregated and summarized views.A handful of NDR vendors capture most of the attention in the market. Higher maturity organizations, often with more specialized detection use cases, often mix these well-known vendors with emerging local players in their shortlists.Most organizations value the response capabilities during their NDR provide evaluations, but only deploy very narrowly automated responses past the pilot phase.Gartner Recommendations:
Start small. Implement NDR to detect abnormal behaviors and provide investigation capabilities for post breach activity, extending incrementally across different types of networks.Identify how NDR’s behavior-based detections, once tuned, might augment your SOCability to respond to incidents faster and more accurately.Compare NDR vendors by defining rationalized metrics and evaluating how these NDR tools positively impact threat detection and incident response.Roll out automated response progressively, based on your existing incident response SLA for the type of incident and on the false positive rate of the detection engines.For more interesting details on the Gartner Report: https://www.linkshadow.com/LinkShadow-as-a-Representative-Vendor-in-2024-Gartner-Market-Guide-for-Network-Detection-and-Response.
Disclaimer:
Gartner, Market Guide for Network Detection and Response, Jeremy D’Hoinne, Thomas Lintemuth, et al, 29 March 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About LinkShadow
LinkShadow is a US-registered company with regional offices in the Middle East. Pioneered by a highly skilled team with a vision to formulate a next-generation cybersecurity solution that provides unparalleled detection of even the most sophisticated threats. LinkShadow was built with the vision of enhancing organizations’ defenses against advanced cyber-attacks, zero-day malware, and ransomware, while simultaneously gaining rapid insight into the effectiveness of their existing security investments. Visit www.linkshadow.com.
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Media contact: Ann Paterson VP of Marketing [email protected]+1 877 267 7313

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Nanoprecise Sci Corp Expands Energy Centered Predictive Maintenance Operations in Europe and Africa

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April 18, 2024

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EDMONTON, AB, April 18, 2024 /PRNewswire/ — Nanoprecise Sci Corp is excited to announce the expansion of their Energy Centered Predictive Maintenance (ECM) operations into Europe and Africa. This expansion addresses the significant shift towards corporate sustainability within these regions, aligning with growing demands for technological solutions that enhance both environmental stewardship and operational reliability.  

Motor-driven machinery accounts for 65% of the world’s electricity consumption, with poorly maintained equipment using up to 30% of this energy, inefficiently. By improving visibility into the energy utilization of equipment, Nanoprecise’s ECM solution allows organizations to use energy consumption to prioritize preventative maintenance. This approach helps drive down energy consumption and carbon emissions, while ensuring production uptime and asset reliability.  
One of the big additions to their expansion into the region is the appointment of Kalyan Meduri as Head of Sales for Europe and Africa. Kalyan has over 18 years of global experience in incubating new technologies, scaling new businesses and motivating teams to solve customer problems differently. With experience across India, France and Denmark, he is passionate about creating a positive impact through technology and collaboration to present the next generation with a sustainable future. “The substantial shift towards sustainability in Europe makes it a prime market for our ECM solution,” remarked Kalyan Meduri. “By integrating our state-of-the-art predictive maintenance solutions with strategic energy management, we are helping businesses meet their sustainability goals while improving operational efficiency. It’s a win for them and for the planet!”  
Nanoprecise has become a preferred ESG solution provider for industrial organizations globally, and now for European organizations that want to accelerate their journey to reduce emissions and increase uptime, without further capital expenditures. Plus, with the recent announcement of their money-back guarantee, enterprises can make a risk-free, ROI guaranteed shift to energy-centric predictive maintenance.  
Join Kalyan and the Nanoprecise team at Hannover Messe in Hall 7, Booth #D28 and explore the capabilities and benefits of ECM.  
About Nanoprecise Sci Corp:  
Nanoprecise Sci Corp is an AI-powered energy centered predictive maintenance solution combining IoT sensor technology with artificial intelligence and machine learning to improve efficiency of machines and contribute to sustainability.  nanoprecise.io 
Media Contact:  Christian Keon  Head of Marketing, Nanoprecise  [email protected] 
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oneZero partners with New Change FX to boost client trading performance

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April 18, 2024

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Clients gain access to additional robust, independent FX reference data within oneZero’s Data Source
BOSTON, April 18, 2024 /PRNewswire/ — oneZero, a global leader in multi-asset enterprise trading technology solutions, today announced the integration of New Change FX benchmark data feeds into oneZero’s suite of analytics in Data Source. The addition of this new stream of high quality, independent FX reference data will enable clients to further enhance their trading performance, by providing the option for clients to utilize the New Change FX reference data in reporting.

New Change FX is a leading provider of continuous, officially regulated benchmark FX rates that are constructed by aggregating data from the entire global market. New Change FX is independent of liquidity providers and venues and has been authorized since 2018 as a benchmark administrator by the UK’s Financial Conduct Authority.
Andrew Ralich, CEO and Co-Founder of oneZero, commented: “As a technology provider committed to market neutrality, our primary goal is to empower clients with transparency throughout the entire trade lifecycle. Since 2009, we have advanced our position as an industry leader by establishing a liquidity-neutral EcoSystem for our clients. Today’s integration with New Change FX exemplifies how our adaptable data framework further enables clients to seamlessly access value-added services within our network of data partners. We are committed to continuing to build in new capabilities alongside the industry leading data and analytics capabilities that have been developed within oneZero’s Data Source product.”
Paul Lambert, CEO, New Change FX commented: “oneZero provides clients with extremely powerful analytics via Data Source Insights, and the addition of New Change FX’s benchmark data takes that to a new level. FX analytics are proving increasingly important for liquidity management and at New Change FX we share oneZero’s view that independent data is key to objective price measurement and improved trading outcomes.”
About oneZero
oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology for over a decade. Its powerful software encompasses the Hub, EcoSystem and Data Source – three components that together provide a complete solution for execution, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems, and has development and operations centers in Asia, Australia, Europe and North America.
For more information, please contact:
Talia GeberovichHead of Marketing and [email protected]
About New Change FX
New Change FX is an independent company dedicated to the measurement of foreign exchange pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX do not offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process.
To find out more please visit www.newchangefx.com.
The EU Benchmark Regulation ((EU) 2016/1011 of the European Parliament and the Council of 8 June 2016, “BMR”) came into effect on 1 January 2018 and introduces a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds.On 27 February 2018, HM Treasury in the UK passed into legislation the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, thereby fully adopting the BMR.In 2018, NCFX was granted permission by the Financial Conduct Authority (FCA) in the UK under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of administering a benchmark.
In accordance with Article 27 of the BMR, NCFX provides benchmark statements for its families of benchmarks.
NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.
For more information, please contact:
Kinga Broel-Plater Chief Commercial OfficerE-mail: [email protected]
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