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3. NVIDIA (US), Intel (US) and CrowdStrike (US) are leading players in Artificial Intelligence in Cybersecurity Market

The global market for AI in Cybersecurity is projected to grow from USD  22.4 billion in 2023 to USD 60.6 billion by 2028, at a CAGR of 21.9% during the forecast period. The market's upward trajectory is driven by pivotal factors, notably the widespread integration of the Internet of Things (IoT) and the escalating proliferation of connected devices. Moreover, the surge in cyber threats, coupled with heightened concerns regarding data protection and the increased susceptibility of Wi-Fi networks to security breaches, contributes significantly to the market's expansion. In terms of opportunities, there is a visible demand for cloud-based security solutions among Small and Medium Enterprises (SMEs), and the growing reliance on social media for business operations presents promising prospects for the integration of Artificial Intelligence (AI) in the cybersecurity landscape. Conversely, substantial constraints hinder market dynamics, encompassing AI's inherent limitations in effectively mitigating zero-day and advanced threats, along with a notable rise in insider cyber threats. Key challenges include the scarcity of proficient cybersecurity and AI professionals, interoperability issues with existing information systems, and inherent shortcomings within AI technologies in the cybersecurity domain.

Key players operating in the AI in Cybersecurity market across the globe are NVIDIA (US), Intel (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Microsoft (US), Palo Alto Networks Inc. (US), Trellix (US), CrowdStrike (US), NortonLifeLock (US), Cylance Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), Darktrace (UK), SparkCognition Inc. (US), Fortinet (US), Check Point Software Technologies, Ltd (US), High-Tech Bridge (Switzerland), Deep Instinct (US), SentinelOne (US), Feedzai (US), Vectra (US) Zimperium (US), Argus Cyber Security (Israel), Nozomi Networks (US), BitSight Technologies (US), and Antivirus companies such as Kaspersky Lab (Russia), Bitdefender (Romania), and ESET (US). These AI in Cybersecurity vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global market.

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NVIDIA, originally focused on PC graphics, has evolved into a key player in GPU development, delivering value across PC, mobile, and cloud architectures. The company's emphasis has shifted towards machine learning and diverse AI technologies. Its operations are structured into two main segments: Graphics and Compute & Networking. In the Graphics segment, NVIDIA offers a range of products, including GeForce, Quadro, GeForce NOW, Tesla, and GRID, catering to visual computing in applications such as PC gaming, computer-aided design, and video editing. Professional visualization is addressed through innovations like Quadro Virtual Data Center Workstation, Project Holodeck, and NVIDIA Optix 5.0. The Compute & Networking segment provides Tegra, DRIVE PX, and SHIELD products. Tegra processors, designed for high performance, power DRIVE and SHIELD platforms. DRIVE PX processors are instrumental in automotive computers for self-driving capabilities, while SHIELD processors find applications in mobile cloud gaming. NVIDIA strategically targets gaming, professional visualization, data centre, and automotive markets. With a global presence spanning more than 40 offices across the Americas, Asia, and Europe, the company extends its reach through subsidiaries like ADEIA Technologies Switzerland AG, Icera Canada ULC, NVIDIA Brasil Computação Visual Limitada, NVIDIA Development UK Limited, NVIDIA Entertainment Devices Co., Ltd., NVIDIA Graphics Private Limited, and NVIDIA GmbH.

CrowdStrike operates as a leading provider of endpoint security solutions, anchored by its platform, CrowdStrike Falcon. This cloud-native endpoint protection platform integrates antivirus, threat intelligence, endpoint detection and response (EDR), device control, threat hunting, IT hygiene products, incident response, and proactive services. With a SaaS subscription-based model, CrowdStrike Falcon incorporates 22 cloud modules, catering to markets such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management. Revenue for CrowdStrike is categorized into two segments: Subscription and Professional Services. Subscription revenue is derived from Falcon platform fees and additional cloud modules, driven by factors like the number of subscription customers, endpoints per customer, and included cloud modules. On the other hand, Professional Services revenue encompasses incident response, proactive services, forensic and malware analysis, and attribution analysis. CrowdStrike serves diverse sectors, including public and retail, healthcare, and financial industries. The company's comprehensive approach to endpoint security positions it as a key player in the rapidly evolving landscape of cybersecurity.

Intel is a global technology company specializing in the design and manufacturing of products powering the cloud and connected world. It supplies computers, networking, and communication platforms to OEMs, ODMs, cloud providers, and various industries. With business segments like Client Computing, Data Center, IoT, Memory Solutions, Programmable Solutions, and Others, Intel covers a broad spectrum of markets. In the Internet of Things Group (IOTG), Intel holds a robust position, offering components and software for diverse IoT segments like retail, transportation, industrial, and smart cities. The company's expansion in cloud, data center, IoT, memory, and FPGA contributes to overall growth. Intel is strategically positioned in the AI landscape, reinforced by acquisitions like Saffron Technologies and Nervana Systems. The Intel Nervana AI Academy fosters AI accessibility through data, tools, and training initiatives. With a presence in over 63 countries and consumers in 120 countries, Intel continues to drive innovation and connectivity globally. Key subsidiaries include Intel Americas, Intel Asia Holding, Intel (UK), Intel Israel Holdings, Intel Kabushiki Kaisha, Intel Mobile Communications, and Intel Semiconductor (Dalian).

Related Reports:

Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Solution, and Service), Security Type, Technology (ML, NLP, Context-Aware and Computer Vision), Application (IAM, DLP, and UTM), Vertical and Region - Global Forecast to 2028

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