Generative AI Cybersecurity Market Future Scope, Advance Technology, Growing Trends, Outlook, Global

Sheetal2321 Aug, 2024Technology

The global market for generative AI cybersecurity is anticipated to grow at a compound annual growth rate (CAGR) of 33.4% over the course of the forecast period, from an estimated USD 7.1 billion in 2024 to USD 40.1 billion by 2030. Global demand for generative AI cybersecurity is witnessing a rapid spike as enterprises face increasingly sophisticated cyberthreats that are challenging to neutralize with traditional security measures. The attack surface has expanded vehemently, which has prompted a shift toward more complex solutions like generative AI. Real-time threat detection and response?which is enabled by these technologies?is essential for protecting sensitive data and adhering to regulations. Furthermore, while many companies suffer with a shortage of cybersecurity talent, generative AI solutions help automate processes, freeing staff to focus on strategic objectives.