Global Artificial Intelligence-based Cybersecurity Market 2018-2022 | Rising Adoption of Chatbots to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jun 11, 2018-- analysts forecast the global artificial intelligence-based cybersecurity market to grow at a CAGR of more than 29% during the period 2018-2022, according to their latest market research report.
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Technavio has published a new market research report on the global artificial intelligence-based cybersecurity market from 2018-2022. (Graphic: Business Wire)
The rising adoption of chatbots to combat cyber attacks is one of the major trends being witnessed in the . Businesses are increasingly adopting chatbots to reach out to individual customers for marketing their products. This is driving the growth of the AI industry. A chatbot is a combination of machine learning, AI, and technology platforms such as instant messaging applications.
In this report, Technavio analysts highlight the increase in adoption of cloud-based services as a key factor contributing to the growth of the global artificial intelligence-based cybersecurity market:
Global artificial intelligence-based cybersecurity market: Increase in adoption of cloud-based services
Cloud-based services are being adopted by firms for various applications such as authentication processes, video management, biometric information storage, and big data computing. The flexibility and scalability of cloud-based solutions help in meeting the varying needs of customers. Several industries and firms such as the financial industry store their data on the cloud platform.
According to a senior analyst at Technavio for research on IT security, “Cloud-data security is of high importance for these firms as they need to ensure their security and maintain end-user trust. The adoption of cloud-based services among SMEs is increasing as they do not own security infrastructure. With the increase in workforce mobility, several organizations have implemented cloud-based services for various business functions.”
Global artificial intelligence-based cybersecurity market: Segmentation breakdown and forecast
This market research report segments the global artificial intelligence-based cybersecurity market into the following end-users (BFSI, government, ICT, and healthcare) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the four major end-users, the BFSI segment held the largest market share in 2017, accounting for nearly 30% of the market. This segment is expected to dominate the global market throughout the forecast period.
The Americas was the leading region for the global artificial intelligence-based cybersecurity market in 2017, accounting for a market share of more than 36%. However, by 2022, the market share of this region is expected to decrease by around 3%. But, this region will dominate the global market through the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical segmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 06/11/2018 11:38 AM/DISC: 06/11/2018 11:38 AM