www.mordorintelligence.com Deepfake AI Market Growth Amid Rising Cybersecurity Concerns
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- •Deepfake AI Market expected to grow to USD 11.76 billion by 2031.
- •347% increase in fraud attempts using deepfakes reported in 2024.
- •Regulatory scrutiny and demand for detection tools are rising significantly.
The Deepfake AI Market is projected to grow from USD 1.66 billion in 2026 to USD 11.76 billion by 2031, driven by advances in generative adversarial networks and increased regulatory scrutiny. The rise in deepfake technology has led to a 347% increase in fraud attempts using deepfakes in 2024 compared to 2023. This surge in fraudulent activities has heightened demand for deepfake detection tools, particularly in sectors like banking and government. Regulatory frameworks in Europe and North America are tightening, while significant investments are being made in Asia Pacific, especially with China's National AI Development Plan allocating USD 15 billion for AI research by 2030. The market is also seeing a shift as cloud hyperscalers provide GAN-as-a-Service, enabling mid-sized firms to utilize synthetic media more easily. The implications for cybersecurity are profound, as organizations must adapt to the evolving threat landscape posed by deepfakes.
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