Skip to main content

Rising Use of IoT-Enabled Devices Fueling AI-Driven Cyber Security Solution Demand

Nowadays, internet of things (IoT)-enabled devices are becoming more efficient due to the rapid advancements in the artificial intelligence (AI) technology and extensive need for ubiquitous connectivity and real-time communication. End-use industries such as automotive and transportation, healthcare, government and defense, retail, education, energy, oil and gas, information technology (IT) and telecom, manufacturing, and banking, financial services, and insurance (BFSI) are adopting IoT-based devices to enhance communication. 

However, the increasing use of such devices has led to a significant rise in cyberattack incidents. To mitigate such unprecedented instances and reduce financial and data loss incurred due to cybercrimes, end users are opting for AI-based cyber security solutions. Owing to this reason, the AI in cyber security market will accelerate at a healthy CAGR of 25.7% during 2020–2030. According to P&S Intelligence, the market revenue will surge from $8.6 billion in 2019 to $101.8 billion in 2030. 


Cyber frauds, such as payment card and identity thefts, result in huge data and financial losses, which can be combated through AI-driven solutions as they assist in identifying threats, refining techniques to classify the intensity of threats, and reducing response time. Moreover, the increasing implementation of the bring-your-own-device (BYOD) policy at workplaces is also facilitating the adoption of AI-driven cyber security solutions. 

Implementation of the BYOD policy helps in enhancing employee satisfaction and productivity. However, the usage of multiple personal devices makes corporate data vulnerable to cyberattacks. The devices of employees have wide-ranging capabilities and IT departments of organizations might not be able to completely evaluate, qualify, and approve each device, owing to which the threat to data security rises exponentially.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Post a Comment

Popular posts from this blog

Why is Demand for Ambient Lighting Surging in Asia-Pacific?

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...
Post a Comment
Read more

Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more