Artificial Intelligence in Cybersecurity Market

Darktarce (UK) and Cylance (US) are Top 2 players in Artificial Intelligence in Cybersecurity Market

The AI in cybersecurity market is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%. Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data pr, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs, and increased use of social media for business functions. Major restraints for the market are inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK), Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players in the AI in cybersecurity market.

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Top 2 players in AI in cybersecurity Market:

Darktarce (UK)

Darktrace is the world’s leading machine learning company for cybersecurity; it has developed AI algorithms that mimic human immune system to defend enterprise networks of all types and sizes. By applying its unique, unsupervised machine learning, Darktrace has identified 53,000 previously unknown threats in over 3,750 networks, including zero-days, insider threats, and subtle, stealthy attacks. The company experienced 600% year-on-year revenue growth in 2015. With 600 employees in 30 offices and dual headquarters in San Francisco (US) and Cambridge (UK), Darktrace was the winner of the “Most Innovative Security Company of the Year 2017,” “Bloomberg Innovator,” and “GSN Homeland Security” awards. The company’s valuation was USD 825 million, as of July 2017, and its investors include KKR, Softbank, Summit, Invoke Capital, Samsung, and Insight Ventures.

Cylance (US)

Cylance is the first company to apply AI, algorithmic science, and machine learning to cybersecurity and improve the way companies, governments, and end users proactively solve the world’s most difficult security problems. Using a breakthrough mathematical process, Cylance quickly and accurately identifies what is safe and what is a threat, not just what is in a blacklist or whitelist. By coupling sophisticated math and machine learning with a unique understanding of a hacker’s mentality, Cylance provides technologies and services to be truly predictive and preventive against advanced threats. In February 2019, the company was acquired by Blackberry Limited. Cylance’s machine learning and artificial intelligence technology is a strategic addition to BlackBerry’s end-to-end secure communications portfolio. Notably, its embeddable AI technology accelerates the development of BlackBerry Spark, the secure communications platform for the Internet of Things (IoT) in the coming years. Moreover, partnerships and agreements have been among the important strategies adopted by Cylance to expand its customer base.

Related Reports:

Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User, and Geography- Global Forecast to 2026

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Report Code
SE 5851
RI Published ON
5/9/2019
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