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Residential Washing Machine Market to Hit $ 50,467.09 Mn by 2030, Exhibiting a CAGR of 8.4%

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New York, May 19, 2023 (GLOBE NEWSWIRE) — As per the research report “Global Residential Washing Machines Market” published by Consegic Business Intelligence, the market was worth USD 27,067.21 Million in 2022 and is anticipated to reach over USD 50,467.09 Million by the year 2030, growing at a CAGR of 8.4%.

A washing machine is a home appliance that is deployed in households to wash daily clothes and laundry. Residential washing machines aid in reducing the manual labor and are highly convenient to use and time-saving. The washing machines in the market are available as fully automatic, semi-automatic and dryers. Fully-automatic washing machines are gaining popularity among consumers due to its ability to wash clothes without human intervention.

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Global Residential Washing Machines Market Size, Share & Trends Analysis, By Operation (Fully-Automatic and Semi-Automatic), Product Type (Front Loading, Top Loading, Dryers, and Washer Dryer), Technology (Smart Connected and Conventional), Capacity (Up to 6 Kg, 6.1-8Kg, and Above 8Kg), Pricing (Low, Medium, and Premium), Sales Channel (Online and Offline), and By Region, Forecast Period 2023 – 2030.

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The changing lifestyle of consumers is driving the growth of global residential washing machines market. Consumers are increasingly preferring fully-automatic washing machines in order to save time and effort. Moreover, technological advancements in washing machines such as remote control and voice control features is accelerating the growth of the market. For instance, in March 2023, Haier Inc. introduced a new line-up of anti–scaling top load washing machines for 8 kg and 9 kg capacity featuring anti-scaling technology to provide efficient, simple, and effortless washing experience. Thus, continuous advancements in technology have resulted in the growth of residential washing machines market.

The incorporation of advanced technologies such as the Internet of Things (IoT) in washing machines is providing significant growth opportunities for the growth of residential washing machines market. The growing adoption of smart home devices is expected to drive the demand for residential washing machines that are easily connected to smartphones or other home appliances. Consequently, the market for residential washing machines is expected to grow during the forecast period. However, the presence of on-demand laundry services is restraining the growth of the market.

Report Attributes Report Details
Market Size By 2030  USD 50,467.09 Million
Forecast Period 2023-2030
CAGR (2023-2030) 8.4%
Base Year 2022
Study Timeline 2017-2030
Key Players Electrolux AB, Whirlpool Corporation, Godrej Industries Ltd, Haier Group Corp, IFB Industries Ltd., LG Electronics Inc., Mirc Electronics Limited, Panasonic Corporation, Samsung Electronics Co. Ltd., Whirlpool Corporation
By Operation Fully-Automatic and Semi-Automatic
By Product Type Front Loading, Top Loading, Dryers, and Washer Dryer
By Technology Smart Connected and Conventional
By Capacity Up to 6 Kg, 6.1-8 Kg, and Above 8 Kg
By Pricing Low, Medium, and Premium
By Sales Channel Online and Offline
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more
By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa


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Key Market Highlights

  • The global residential washing machines market size is estimated to reach USD 50,467.09 Million by 2030 and grow at a CAGR of 8.4% during the forecast period (2023-2030).
  • Globally, residential washing machines are divided based on the operation into fully-automatic and semi-automatic.
  • In the context of product type, the market is separated into front loading, top loading, dryers, and washer dryer.
  • Based on the technology, the market is segregated into smart connected and conventional.
  • In the context of capacity, the market is separated into Up to 6 Kg, 6.1-8Kg, and above 8Kg.
  • Based on the pricing, the market is segregated into low, medium, and premium.
  • Based on the sales channel, the market is divided into online and offline.
  • The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
  • Asia Pacific and North America are estimated to support the market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in residential washing machines market.

Residential Washing Machines Market Growth Drivers:

  • Rising demand for washing machines as a result of changing consumer lifestyles is driving the market growth.
  • The increasing government initiatives to promote the adoption of energy-efficient home appliances is propelling the growth of the market.

Restraints

  • Environmental concerns associated with washing machines restrain the market growth.
  • The implementation of tariffs on international consumer goods including washing machines impedes the domestic market growth.

Opportunities

  • The integration of advanced technologies such as Artificial Intelligence (AI) in washing machines is expected to present potential opportunities for the growth of residential washing machines market.

Global Residential washing machines Market Segmentation Details:

Based on Operation, the fully-automatic segment contributed the largest shares to the market growth in 2022. The ability of fully-automatic washing machines to wash clothes without any supervision by the user is driving the growth of the market. Fully-automatic washing machines are have the ability to perform washing and drying procedures in the same drum, thereby proving convenience to the user.

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Based on Product Type, top-loading washing machine segment offered substantial shares to the global residential washing machines market in the year 2022. The ability of top-load washing machines to provide faster cycle times for washing clothes is driving the growth of the market. Top-load washing machines allow consumers to add or remove clothes in the middle of the washing cycle, thereby contributing to the growth of the market.

Based on Technology, the conventional washing machines segment contributed the largest shares to the market growth in 2022. The ability of conventional washing machines to perform basic cleaning tasks is driving the growth of residential washing machines market. Conventional washing machines provide high load capacity suitable for majority of homeowners. Moreover, customers lacking technical knowledge prefer conventional washing machines that further results in the market growth.

Based on Capacity, the 6.1-8kg segment contributed the largest shares to the market growth in 2022. Washing machines with capacity 6.1-8kg is well-suited for majority of middle-class households based on the strength, capacity, and power requirements of the users. Moreover, the washing machines are available in front-load and top-load options that further attracts a large number of customers towards this segment.

Based on Pricing, medium priced washing machines segment offered substantial shares to the global residential washing machines market in the year 2022. The growing affordability of washing machines is accelerating the growth of the market. Middle-class population prefer washing machines that provides effective and efficient cleaning of clothes rather than washing-machines equipped with advanced functionalities and features. Consequently, medium-priced washing machines contributes the largest shares to the residential washing machines market.

Based on Sales Channel, the offline segment contributed the largest shares to the market growth in 2022. Customers have a tendency to purchase expensive home appliances such as washing machines from offline stores as they prefer to test the product physically before purchasing. Moreover, the salesperson in specialty stores, hypermarkets and supermarkets provide accurate guidance to the customers according to their interests and choices.

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Based on region, The Asia-Pacific region has been a major contributor to the growth of residential washing machines market. The changing consumers’ lifestyle due to hectic schedules has resulted in the increased demand for residential washing machines that provide ease and convenience to the customers. Moreover, continuous advancements in technology such as remote control is further attracting a large section of population towards this segment.

Recent Developments

  • In July 2022, Samsung delivers smart and sustainable solutions by launching AI Washer and Dryer that saves users energy, resources and costs.
  • In November 2022, Godrej Appliances expanded its premium range of fully automatic top-load washing machines with the 5-Star rated Eon Velvet range to wash all kinds of clothes and stains.

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List of Major Global Residential Washing Machines Market Players

The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —

  • Electrolux AB
  • Whirlpool Corporation
  • Godrej Industries Ltd.
  • Haier Group Corp
  • IFB Industries Ltd.
  • LG Electronics Inc.
  • Mirc Electronics Limited
  • Panasonic Corporation
  • Samsung Electronics Co. Ltd.

Global Residential Washing Machines Market Segmentation: 

  • By Operation
  • Semi-Automatic
  • Automatic
  • By Product Type
    • Front Loading
    • Top Loading
    • Dryers
    • Washer Dryer
  • By Technology
    • Smart Connected
    • Conventional
  • By Capacity
    • Up to 6 Kg
    • 6.1-8 Kg
    • Above 8 Kg
  • By Pricing
    • Low
    • Medium
    • Premium
  • By Sales Channel
  • Online
  • Offline

Browse Full Report & TOC https://www.consegicbusinessintelligence.com/residential-washing-machine-market 

Key Questions Covered in the Residential Washing Machines Market Report

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  • What is residential washing machine?

– Residential washing machines are the appliances used to wash various types of clothes without applying any physical efforts. Washing machines are used to remove stains from the clothes by applying a centrifugal force. Thus, residential washing machines provide ease and convenience to the customers for washing clothes.

  • What will be the potential market valuation for the industrial food processing machines market industry by 2030?

– The market for global industrial food processing machines is expected to reach USD 50,467.09 Million in 2030 growing at a CAGR of 8.4% due to increasing demand for washing machines in households as a result of changing consumer lifestyle.

  • What specific segmentation details are covered in the residential washing machines market report, and how is the fastest segment anticipated to impact the market growth?

– The report consists of segments including Operation, Product Type, Technology, Capacity, Pricing, and Sales Channel. Each segment is projected to have the fastest-growing sub-segment being fueled by industry trends and drivers. For instance, by operation segment has witnessed fully-automatic washing machines as the fastest-growing segment due to its ability to wash clothes automatically without any human supervision.

  • Which region contributes the largest shares to the residential washing machines market?

– The Asia-Pacific region accounted for the largest revenue share in the year 2022 due to ease and convenience offered by residential washing machines to customers. Moreover, the increasing government initiatives to promote the adoption of energy-efficient home appliances is accelerating the growth of the regional market.

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About Consegic Business Intelligence Pvt Ltd

Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

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Contact no.: (US) (505) 715-4344

Email: [email protected]

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Artificial Intelligence

Industrial Robotics Market is Slated to Transcend USD 44.87 Billion Valuation by 2031-end, Automation of Industrial Operations to Promote Market Expansion | SkyQuest Technology

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WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Industrial Robotics Market size was valued at USD 14.7 Billion in 2022 and is poised to grow from USD 16.6 Billion in 2023 to USD 44.87 Billion by 2031, at a CAGR of 13.2% during the forecast period (2024-2031).

Increasing use of advanced digital technologies in industries to improve the productivity of industrial operations is slated to bolster the demand for industrial robotics. The development of novel industrial robots and the rising acceptance of the same in different industry verticals will also favor industrial robotics market development in the future. The global industrial robotics market is segmented into type, payload, component, application, end use, and region.
Download a detailed overview:https://www.skyquestt.com/sample-request/industrial-robotics-market
Industrial Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 16.6 billion
Estimated Value by 2031
$ 44.87 billion
Growth Rate
Poised to grow at a CAGR of 13.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Payload, Component, Application and End Use,
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising adoption of automation in industrial applications
Key Market Drivers
Advancements in robotics technologies and increasing acceptance of robots in industrial settings
Segments covered in Industrial Robotics Market are as follows:
TypeTraditional Robots (Articulated Robots, Cartesian Robots, SCARA Robots, Parallel Robots, Cylindrical Robots, Others), and Collaborative RobotsPayloadUp to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and More than 225.00 kgComponentRobot Arm, Robot Accessories, Additional Robotic Hardware, System Engineering, and Software & ProgrammingApplicationHandlings, Assembling & Disassembling, Welding & Soldering, Clean Room, Dispensing, Processing, and OthersEnd-UseAutomotive, Electrical & Electronics, Metals & Machinery, Plastics, Rubbers, & Chemicals, Food & Beverages, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Oil & Gas, and OthersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/industrial-robotics-market
Efficient Material Handling Demands are Estimated to Govern the Global Sales of Industrial Robotics
Increasing demand for better productivity and operational efficiency in industries has resulted in the adoption of better material handling technologies. Industrial robots are highly efficient and adaptable to multiple handling operations, which is why they are being extensively used for this application. Any company investing in this segment is projected to get lucrative returns on their investments in the long run.
Demand for Better Human-Machine Interactions to Drive Use of Collaborative Industrial Robots
Collaborative robots have been gaining massive popularity around the world owing to their better human-machine interaction capabilities. Industrial robotics providers should focus on utilizing artificial intelligence and machine learning technologies to maximize the efficiency of their offerings. Growing emphasis on worker safety is also a key factor that is projected to bolster the demand for collaborative industrial robotics across the forecast period.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/industrial-robotics-market
Industrial Robots are Highly Popular Among Electronics and Electrical Industry for Multiple Operations
Rapidly surging demand for electronics and electrical components around the world owing to the adoption of digital technologies is driving the demand for industrial robotics. Almost all aspects of electronics manufacturing are being automated, which is why industrial robotics is projected to shine bright in the electronics and electrical industry.
Industries dealing with plastics, chemicals, and rubber are also projected to witness a robust hike in demand for industrial robotics. The automotive industry is also a key end user of industrial robotics and will be a key segment that most companies target in the future.  The use of industrial robots to perform hazardous and dangerous tasks is projected to increase as emphasis on worker safety rises.
Increasing digital transformation of multiple industry verticals will also create a highly opportune setting for industrial robotics companies no matter what industry they choose to target. Industry 4.0 trend and growing preference for automation are also estimated to uplift the sales of industrial robotics over the coming years.
Related Report:
Robotics Market
Service Robotics Market
Delivery Robots Market
Warehouse Robotics Market
Smart Robots Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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Artificial Intelligence

Artificial Intelligence (AI) in Manufacturing Market Valued at USD 64.63 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Manufacturing Market size was valued at USD 2.58 Billion in 2022 and is expected to grow from USD 3.20 Billion in 2023 to reach USD 64.63 Billion by 2031, at a CAGR of 45.6% during the forecast period (2024-2031).

Artificial intelligence helps boost factory productivity and efficiency in manufacturing industry and is therefore getting adopted at a rapid pace. The objective of optimizing manufacturing processes and the increasing adoption of Industry 4.0 is driving the demand for AI in manufacturing. The global market for AI in manufacturing is categorized by components, technology, applications, end-users, and regions.
Download a detailed overview:https://www.skyquestt.com/sample-request/artificial-intelligence-in-manufacturing-market
Artificial Intelligence (AI) In Manufacturing Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 3.20 Billion
Estimated Value by 2031
$ 64.63 Billion
Growth Rate
Poised to grow at a CAGR of 45.6%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Device Type and End User
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Development of new AI in manufacturing hardware and software solutions remains prime focus of companies
Key Market Opportunities
Demand for predictive maintenance slated to create new business scope
Key Market Drivers
Computer vision and machine learning technologies to improve automation capabilities drive market growth
Segments covered in Artificial Intelligence (AI) In Manufacturing Market are as follows:
ComponentNetwork, ModuleDevice TypeWearables, Tracker, Smart Lighting, Smart Parking, Alarm & Detector, OthersEnd-UserAutomotive Industry, Infrastructure, Healthcare, Manufacturing Industry, OthersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-in-manufacturing-market
Hardware Plays a Vital Role in Adoption of Artificial Intelligence (AI) in Manufacturing
Legacy infrastructure and systems of manufacturing facilities are not compatible with advanced artificial intelligence technology thereby driving the demand for novel hardware solutions. This sub-segment covers components such as sensors, devices, processors, integrated circuits, etc. designed especially for AI in manufacturing going forward. The need for better computing power and demand for faster hardware configurations will also help this segment bolster artificial intelligence (AI) in manufacturing market growth in the future.
Software plays a crucial role in incorporating advancements of AI technology in artificial intelligence (AI) in manufacturing applications. High investments in the development of novel AI software solutions and integration of edge and cloud computing are also creating new opportunities for artificial intelligence (AI) in manufacturing providers going forward. 
Machine Learning in AI Applications for Manufacturing will help Promote Growth
Machine learning algorithms help to examine extensive datasets for providing immediate insights into manufacturing equipment and processes. Such insights help players improve their market position by optimizing operations and utilizing resources. Predictive maintenance is also largely enabled by the deployment of machine learning algorithms. High investments in machine learning technology development are also expected to alter the global artificial intelligence (AI) in manufacturing market growth trajectory vastly in the future.
Computer vision technology is projected to witness robust demand over the coming years. The growing need for automation across all kinds of manufacturing facilities is slated to create an opportune setting for artificial intelligence (AI) in manufacturing companies going forward. This technology helps machines to interpret and process visual data to make informed decisions in real time that enhance the productivity of manufacturing operations.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/artificial-intelligence-in-manufacturing-market
Predictive Maintenance Takes Crown When It Comes to AI Application in Manufacturing Space
Downtime is the worst nightmare of any manufacturing operation, and this is why predictive maintenance is the best companion for any manufacturing company. A growing number of manufacturing facilities deploying predictive maintenance solutions to reduce downtime allow this segment to lead global artificial intelligence (AI) in manufacturing adoption. Meanwhile, the use of AI for quality control and inspection of finished goods is also expected to rise at a robust CAGR over the coming years. Use of AI for production planning also offers lucrative opportunities for artificial intelligence (AI) in manufacturing providers in the long run.
Artificial intelligence (AI) in the manufacturing market is slated to largely benefit from the predictive maintenance sub-segment across the forecast period. Upcoming artificial intelligence (AI) in manufacturing companies should target the services sub-segment and established providers should focus on the hardware sub-segment to get the best returns in the long run. Context awareness and natural language processing technologies have a lot of untapped potential for artificial intelligence (AI) in manufacturing companies to experiment with.
Related Report:
AI Market 
Artificial Intelligence (AI) Robots Market
Artificial Intelligence (AI) in Healthcare Market
Mobile Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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Artificial Intelligence

Artificial Intelligence (AI) in Cybersecurity Market to Surpass USD 114.30 Billion Valuation in 2031 on the Back of Rapidly Evolving Threat Landscape | SkyQuest Technology

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WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Cybersecurity Market size was valued at USD 18.36 Billion in 2022 and is poised to grow from USD 22.49 Billion in 2023 to USD 114.30 Billion by 2031, at a CAGR of 22.53% during the forecast period (2024-2031).

Artificial intelligence technology is being used in cybersecurity to improve the security of digital networks and solutions as the threat landscape evolves rapidly. The growing incidence of cyberattacks and the need for automation of cybersecurity are promoting the use of AI in cybersecurity. The global artificial intelligence (AI) in cybersecurity market is segmented into offering, security type, technology, application, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/global-ai-in-cybersecurity-market
Artificial Intelligence (AI) In Cybersecurity Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 22.49 billion
Estimated Value by 2031
$ 114.30 billion
Growth Rate
Poised to grow at a CAGR of 22.53%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Security Type, Technology, Application and Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Emphasis on improving identity and access management to create better AI in cybersecurity solutions
Key Market Opportunities
Use of machine learning to identify potential threat patterns
Key Market Drivers
Deployment of novel AI-based cybersecurity solutions by enterprises driving market development
Segments covered in Artificial Intelligence (AI) In Cybersecurity Market are as follows:
Security TypeInfrastructure Security (Network Security, Endpoint Security, Cloud Security, and Others), Data Security, Application Security, and OthersTechnologyMachine Learning (ML), Natural Language Processing (NLP), Context-Aware ComputingApplicationIdentity & Access Management, Risk & Compliance Management, Data Loss Prevention, Unified Threat Management, Fraud Detection, and OthersVerticalBFSI, IT & Telecom, Government & Defense, Manufacturing, and OthersRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/global-ai-in-cybersecurity-market
Services to Spearhead the Global Artificial Intelligence (AI) in Cybersecurity Market Growth
Artificial intelligence is a highly advanced technology, and organizations need assistance to deploy it in cybersecurity applications. From consulting to integration all kinds of services are highly vital in the global artificial intelligence (AI) in cybersecurity market growth over the coming years. Not all companies have the resources to deploy AI in cybersecurity by themselves, which is why the services sub-segment holds sway in the global market.
Rapid advancements in AI technology fuel the need for novel software solutions and updates for the same allowing the software sub-segment to boost market growth. Use of advanced machine learning algorithms and integration of other advanced technologies will also help amplify artificial intelligence (AI) in cybersecurity company’s business scope through this sub-segment. The increasing complexity of the regulatory environment and cyberattacks will always boost the demand for new software solutions.
Machine Learning is the Essence of AI in Cybersecurity Market
Machine learning algorithms go above and beyond when used for cybersecurity as they help in identifying patterns and analyzing huge volumes of data to provide better security suggestions. Preventive threat protection actions can be used by deploying predictive threat detection using machine learning, thereby favoring artificial intelligence (AI) in cybersecurity market growth too. Machine learning is becoming an integral part of all AI-based cybersecurity solutions and systems.
Text-based attacks have increased in prevalence and frequency around the world and this is why the need for natural language processing (NLP) technology is rising rapidly. Use of NLP in AI-based cybersecurity solutions Better communication and a simplified nature of AI-based security can be achieved by the extensive deployment of NLP technology.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/global-ai-in-cybersecurity-market
Identity and Access Management to Remain the Primary Wall in AI-based Cybersecurity Defense
The use of artificial intelligence in identity and access management is projected to take cybersecurity to a new level. Use of multi-factor authentication and single sign-on features can easily be enabled by using AI in identity and access management functions of cybersecurity. The increasing complexity of the regulatory environment to reduce the incidence of cyberattacks is promoting the demand for AI-based risk and compliance management solutions. In the age of information data is the currency and safeguarding this data is of utmost importance to all organizations. Data loss prevention application is also slated to provide attractive opportunities for artificial intelligence (AI) in cybersecurity companies in the long run.
Artificial intelligence (AI) in cybersecurity market players should take caution while investing in any of the segments of this market as this is a highly sensitive and regulated industry. Targeting the use of machine learning and natural language processing algorithms in this market could be highly rewarding for new as well as established artificial intelligence (AI) in cybersecurity companies in the near future.
Related Report:
AI Market 
Cyber Security Market
Artificial Intelligence (AI) in Computer Vision Market
Edge Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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