Report: AI cybersecurity market projected to exceed $133 billion

A report by Techopedia has provided insights into the influence of AI on the cybersecurity industry. Key findings of the report include the projected value of the AI cybersecurity market, the expenses and savings associated with using AI to identify data breaches, and opinions on AI from cybersecurity professionals. 

The report estimates that the value of the global AI cybersecurity market is expected to surpass $133 billion from 2023 to 2030. AI has strengthened cybersecurity by enhancing the detection of threat and phishing attempts. Organizations that have fully integrated AI cybersecurity solutions save around $1.8 million compared to those without. As a result, 69% of businesses consider AI a vital part of cybersecurity. 

At the same time, the application of AI has led to an increase in cybercrime, according to 85% of cybersecurity professionals. In 2024, internet users are projected to spend $9.22 trillion as a result of AI’s personalized attacks, adaptability to defense systems and attack speed and volume. 

To counter evolving threats, users are encouraged to stay vigilant and utilize updated systems to counter evolving threats.

For more information, read the full report here.