Tag Archive for: valued

AI’s pivotal role in cybersecurity valued at $60.6bn by 2028

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Artificial Intelligence is expected to play a pivotal role in the field of cybersecurity, influencing behavioural analytics, threat detection, and automating processes. Valued at USD 22.4 billion in 2023, reports suggest that the global market for AI in cybersecurity is projected to grow to USD 60.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 21.9%.

The rise of AI technologies such as natural language processing (NLP) and machine learning (ML) are deemed vital for enhancing cybersecurity as tech firms, defence, and government agencies face an increase in cyberattacks. Priority is reportedly given to machine learning algorithms for enhancing security intelligence. AI is significant in banking sector as well, due to rising privacy concerns, emphasising on AI-based cybersecurity. The demand for advanced AI solutions is expected to grow parallel to the evolving cyber threats, particularly from small and medium-sized enterprises (SMEs).

Software is anticipated to hold a major share in the AI in cybersecurity market during the forecast period. AI in cybersecurity software sector is driven by the increase in security breaches on business applications aiming to acquire sensitive data. The strict data privacy policies and regulations have led to a rise in demand for AI-based cybersecurity solutions. The widespread use of connected devices, Bring-Your-Own-Device (BYOD) trends in organisations, and increasing internet usage are all factors contributing to the need for potential risk mitigation.

Managed services in cybersecurity are expected to exhibit the highest CAGR during the forecast period. These services, backed with AI algorithms, boost real-time threat detection and automate incident responses, thereby optimising resource allocation. The scenario presents cybersecurity teams with opportunity to focus on strategic undertakings. Risks can be managed efficiently with AI-powered systems operating on vast datasets, offering overall protection against evolving cyber threats. Predictive analytics empower organisations to anticipate and respond effectively to cyber threats.

The Asian Pacific region is projected to exhibit the highest CAGR. Rise in population and…

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Global Security as a Service Market size was valued at USD 12.04

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Global Security as a Service Market size was valued at USD 12.04

Market Overview:
Global Security as a Service Market size was valued at USD 12.04 Billion in 2021, and is projected to reach USD 29.4 billion by 2028, growing at a CAGR of 13.6% from 2022 to 2028.

In the Security-as-a-Service concept, a service provider integrates its security services into the company infrastructure on a subscription basis more affordably than the majority of people or businesses can do on their own. Data threats (data breaches) are increasing along with firms’ IT infrastructure, which calls for more sophisticated security solutions than previously. Companies have begun allocating resources to enhancing their advanced security offerings as a result of this trend becoming more prevalent in the market. The highest demand for these solutions is a result of growing threats to businesses and corporations and the ensuing rise in identity theft. One of the proactive methods to stop identity theft is with IAM solutions. These solutions use a centralized mechanism to define and alter user access rights. They also keep track of authorization based on those rights.

Read More: – https://introspectivemarketresearch.com/reports/security-as-a-service-market/

Market Dynamics:

Driver:
Businesses can build robust and secure platforms by integrating supplementary infrastructure technologies, such as software-defined perimeters, thanks to cloud implementation. Various governments create distinctive guidelines and rules for cloud platform security, which fosters the expansion of the global cyber security industry. By adopting cloud-based platforms like Software-as-a-Service and Infrastructure-as-a-Service, SMEs are constantly seeking for ways to update their apps and infrastructures.

Opportunities:
In the previous five years, new platforms, BYOD policies, CYOD trends, business apps, and other technologies have emerged, making the IT infrastructure more intricate and diverse. The BYOD and CYOD trends are becoming more popular in the workplace due to rapid advancements in mobile computing. These developments give workers more flexibility in their work and boost productivity by enabling them to access company data using their devices from any location, at any…

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“Israel is a very valued partner of NATO”

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What are the technological challenges facing NATO in light of Russia’s invasion of Ukraine and the rising power of China? To understand these complex issues I sat down for a candid conversation with David van Weel, NATO’s Assistant Secretary General for Emerging Security Challenges, during his recent visit to Israel.

Mr. van Weel’s responsibilities span several arenas which fall under the definition of Emerging Security Threats, such as counter-terrorism, cyber, climate change and security and energy security.

“We have a new Innovation Fund , a Venture Capital fund with 22 nations directly contributing to the 1 billion Euro that we are going to invest in tech. We also have a defense innovation accelerator initiative that is starting now. Innovation is coming out of the private sector and into the defense sector.

“Electric cars, for example, are more software systems than hardware systems. We will see the same in the defense industry,” explains van Wheel.

“What we’re trying to do is to bridge that gap between the commercial and military sector in Europe and North America,” adds the NATO executive. “To do that, we are going to make use of existing accelerators or incubators that are already operating in these nations, that are now mainly focused on civilian startups and technologies. We are going to use them, their networks and education programs to create businesses out of good ideas or raw technologies, to actually work on NATO’s problems.

“For example, how can we communicate underwater over a distance of 100 kilometers? It’s something that can’t be done now with existing technology, but who knows, with the technologies that are around the corner, what we might get. We will select the best ideas and co-develop them with military end-users and scientists.”

The Defence Innovation Accelerator for the North Atlantic (DIANA) project is comprised of two cycles, each lasting six months, for a total of one year. In the first cycle, the companies will receive 50,000 Euros each. Those who make it to the second round will get another 150,000. They will also enjoy NATO’s mentorship.

During his stay in Israel, Assistant Secretary General van Wheel paid a…

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The Cyber Warfare Market was valued at USD 33.01 billion in 2019, and it is expected to reach USD 102.63 billion by 2025, registering a CAGR of 21.16%, during the forecast period (2020 – 2025) – GlobeNewswire

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The Cyber Warfare Market was valued at USD 33.01 billion in 2019, and it is expected to reach USD 102.63 billion by 2025, registering a CAGR of 21.16%, during the forecast period (2020 – 2025)  GlobeNewswire
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