Story image

Buckle up for the AI security revolution – spending to hit $96b by 2021

31 Jan 17

Machine learning and AI are going to reach colossal levels by 2021 as the market swells to $96 billion.

The spending will occur primarily in big data, intelligence and analytics as the cybersecurity invest heavily in machine learning, a new report from ABI research says.

Cyber threat costs are expected to reach the trillion dollar mark in damages over the next year alone, and more organisations are turning to machine learning to fight back, the report says.

The sectors responsible for driving the trend towards machine learning include government, defence, banking and tech market.

Tech startups have been embracing machine learning capabilities, with User and Entity Behavioural Analytics (UEBA) and Deep Learning algorithms already becoming part of the dominant areas, the report says.

ABI Research industry analyst Dimitrios Pavlakis says the world is experience what he calls an “artificial intelligence security revolution”.

"This radical transformation is already underway and is occurring as a response to the increasingly menacing nature of unknown threats and multiplicity of threat agents," he says.

"This will drive machine learning solutions to soon emerge as the new norm beyond Security Information and Event Management, or SIEM, and ultimately displace a large portion of traditional AV, heuristics, and signature-based systems within the next five years."

ABI research says that major player Symantec is well placed to transform solutions from supervised to unsupervised ones as the threat environment changes.

IBM will also drive machine learning across all market sectors, including cybersecurity, healthcare and enterprise analytics.

Newer players on the scene are looking to take innovative applications of UEBA and apply them to new solutions.  Natural language processing, deep learning and feature-agnostic machine learning models will also pop up on scene more often, ABI Research says.

"The proliferation of machine learning is also causing an explosion of agile startups, such as JASK, focusing more on SIEM complementary network traffic analysis and even pioneering application protection such as Sqreen," Pavlakis concludes.

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.