Generative AI Cybersecurity Market Size, Share, Growth, Trends, Analysis and Forecast to 2032
The tremendous development in technology has now seen a flood of new innovations in artificial intelligence and machine intelligence. Among these advancements, generative AI seems more important as it contains various benefits. Nevertheless, in a rapidly developing APAC region, the interrelation of generative AI and cybersecurity is essential. Using generative AI in cybersecurity overviews the prospects, threats, and approaches deployed to address those threats in the APAC region. According to UnivDatos Market Insights, the growing adoption of zero-trust security models, the rising complexity of cyber threats, cloud adoption, and digital transformation, and increased investments by enterprises and governments in AI-driven technologies drive the Generative AI Cybersecurity market. As per their “Generative AI Cybersecurity Market” report, the global market was valued at USD 4 Billion in 2023, growing at a CAGR of about 21.5% during the forecast period from 2024 - 2032 to reach USD XX billion by 2032.
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Driving Factors for the Growth of Generative AI Cybersecurity in Asia-Pacific:
1. Rapid Digital Transformation: The current high digital growth rate across APAC results in more cyber threats. More cloud services are being used by businesses, IoT devices, and mobile technologies meaning larger areas of opportunities for attackers. The need for the protection of these digital assets is the key driver of the market requirement for enhanced cybersecurity, including generative AI.
2. Rising Cyber Threats: Cybersecurity threats are more complex and frequent today than in the past. Ransomware, phishing, and data breaches have recently escalated significantly in APAC countries. The necessity to find more effective approaches to addressing these threats has led organizations to look at generative AI as a way to bolster their cybersecurity.
3. Government Plans and Measures: The governments in the APAC region remain fully engaged in the promotion of cybersecurity measures and policies. For example, the Singapore Cyber Security Act and Australia Cyber Security Strategy play a vital role in promoting AI technology usage. High regulation pressure pushes organizations to implement new cybersecurity solutions, including those incorporated with generative AI.
4. Fund Raising for Artificial Intelligence Research and Development: Currently, both governments as well as companies are investing heavily in AI in APAC. This funding helps in developing new-generation AI-based cybersecurity functionalities for creating a strong and secure environment for AI generative applications.
For instance, In September, 2024, Tata Consultancy Services (TCS), which is a global leader in IT services, consulting, and business solutions, expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers. This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cutting-edge technologies from TCS and Google Cloud.
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According to new research from the Infosys Knowledge Institute (IKI), companies across Asia-Pacific (APAC) are quickly ramping up investments in generative AI (GenAI) and entering a higher stage of maturity. It also states that, Australian companies are more likely to deliver business value from GenAI investments than European and North American counterparts.
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The advancement of generative AI cybersecurity in the Asia-Pacific region is occurring due to digital transformation, the increasing number of cyber threats, governments encouraging advancements in cybersecurity, and enhanced knowledge of the necessity for cybersecurity. Given the fact that security will remain a core priority for any organization in the future in the face of growing threats from hackers and other cyber criminals, generative AI can be expected to more and more become an important enabler of security, making it one of the most important areas of focus in future in APAC.
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