Analysis of the most recent research results from the AI and Software cybersecurity market analysis report from the Government website indicate that just 6% of software security companies are providing cybersecurity for AI systems.
According to the deep dive by OnSecurity, the most popular products and services offered by these cybersecurity AI providers are AI Model Security and Protection (56%), LLM and Generative AI Security (52%), AI Infrastructure Security (47%), AI-Enhanced Security Operations (45%) and AI Threat Detection and Response (34%).
Among software security providers, the most popular products and services offered are Security Integration (62%), followed by Cloud Security (38%), Security Testing Tools (22%), AI/ML Testing (21%) and Threat Intelligence (18%).
According to the report, 50% of AI cybersecurity firms have raised external investments of up to £ 82 million, with £ 68 million raised since Q1 2022.
Software security providers have raised upwards of £828 million across 42 deals. OnSecurity says these figures reflect both expectations and future demand for these solutions, as well as an indication of how companies are able to secure external finance for product development and growth. It says the figures are reflective of the last 5 years.
For specialist software security providers, 64 firms mentioned at least one customer or partnership within web data. Providers typically work across a range of sectors; however, the findings showed that 66% of providers mentioned at least one customer within the broader tech sector, followed by financial services (31%), healthcare (25%) and government (23%).
Conor O’Neill, Co-Founder & CEO at OnSecurity, said: “As AI technologies continue to evolve, the need for sophisticated cybersecurity solutions is important. The findings from the Government report highlight a gap in cybersecurity offerings for AI systems. Whilst it is a comparatively new space, it’s clear that businesses looking to remain competitive must embrace AI-powered security solutions in one way or another. Solutions should not only protect AI systems but also enhance their ability to detect and respond to threats in real time. OnSecurity is already using AI to automate routine tasks, freeing up our securityprofessionals to focus on more strategic and complex challenges. While AI will undoubtedly enhance our capabilities, it’s essential to remember that it’s a tool, not a replacement for human expertise. The future of cybersecurity will be defined by a symbiotic relationship between AI and humans.
“With investment in AI cybersecurity on the rise, companies can no longer afford to overlook this emerging area. As AI becomes more integrated into business operations, the demand for specialised cybersecurity services will only increase, and businesses will most likely need to incorporate AI-driven solutions to stay up to date with the direction of the industry.”
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