Use of AI, Machine Learning Evident in Top 10 Firms to Watch in Cybersecurity Market

The top 10 cybersecurity firms to watch in 2019 reflect the use of artificial intelligence, machine learning, analytics and other technologies to help speed up cyber threat detection and response to such threats, Forbes reported Sunday.

The companies listed are Absolute, Blackberry, Centrify, CloudFlare, CrowdStrike, Hunters.AI, Idaptive, Kount, MobileIron and Sumo Logic.

CrowdStrike uses machine learning in endpoint detection of network threats, while Hunters.AI employs autonomous systems to detect signs of cyber attacks.

The report noted that Gartner’s forecasts show that global spending on data security platforms and services will climb 8.7 percent to $124B this year, up from $114B in 2018.

Sales of cloud security applications are projected to increase at a compound annual growth of 35.3 percent from 2017 through 2019, while the security services market is expected to rise from $52.3B in 2017 to $64.2B this year.

TD Ameritrade’s annual survey also shows that cybersecurity investments are expected to jump from 11 percent last year to 59 percent in 2019.