Global Artificial Intelligence in Security Market is Estimated to be Worth USD 5.08 billion in 2018 and is Projected to Reach USD 15.9 billion by 2027, at A CAGR of 26.3% From 2019 to 2026: Proficient Market
Proficient Market announces that it has a new study on “Global Artificial Intelligence in Security Market“. The 2020 study has 211 pages, 74 tables and 102 figures.
According to the report, global artificial intelligence in security market in 2018 stood at USD 5.08 billion and is expected to reach USD 15.9 billion by 2027 growing at a CAGR of 26.3% from 2019 to 2026.
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Artificial intelligence is basically a result of a software that tries to create a decision mechanism similar to human brain’s decision mechanism. AI in security generally provides an enticing proposition with its proactive threat mitigation capabilities which is required for constant supervision and adaptation to the multifaceted security vulnerabilities faced by modern digitalized economy. Also, artificial intelligence is playing a important role in cyber security by identifying threats as well as protecting organizations’ data from lethal cyber-attacks. It speeds up the process of noticing attacks and enables organizations to adopt predictive measures in combating cyber-crimes. Moreover, AI can be utilized to fight against various cyber threats including spear phishing, watering hole attack, webshell, ransomware, DDoS attacks, and remote exploitation, by identifying and preventing them from proliferating into the systems. Apart from that, AI based security systems can analyze even those threats that have not occurred in the past unlike traditional based security systems.
Global Artificial Intelligence in Security Market Key Players: The research study includes profiles of leading companies operating in the global artificial intelligence in security market. Key players profiled in the report include:
Palo Alto Networks
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Drivers for the Global Artificial Intelligence in Security Market: According to current market condition, one of the major factors that is helping the artificial intelligence-based security market to grow is the surge in number of connected devices across the world. Artificial Intelligence in a security solution is expected to increase precision and efficiency of the system to notice any potential threat in system. Surge in number of mobile devices has significantly caused the networks to become more vulnerable to cyberattacks, thus increasing the demand for AI based security solutions. Moreover, growing inclination of government to adopt smart city concept is expected to bolster the artificial intelligence-based security market growth. Also, growing awareness regarding various types of cyber threats such as phising, malware, denial, and password breaches are dissuading individuals to connect to any public Wi-Fi. This is increasing the uptake of personal Wi-Fi, which directly increases the demand for AI based security solutions. Growing number of e-commerce websites, mobile application, and payment getaways which accepts store credit card, debit card, and online transactions are likely to increase the demand for artificial intelligence-based security market.
Opportunities for the Global Artificial Intelligence in Security Market: AI and its applications allow the users to protect any system by providing alerts to them in real-time so that the risk can be mitigated. Also, with the data available within the organizations are being used to train these systems. With the implementation of machine learning with AI, the threats and malware can be proactively prevented rather than only be detected. This helps in creating a huge market opportunity for artificial intelligence in the security market during the forecasted period. Furthermore, increasing stringent laws and regulations imposed by the government on information and data security is anticipated to provide major growth opportunities for the market in the upcoming years.
Restrains for the Global Artificial Intelligence in Security Market: Due to the dearth of skilled AI professionals and lack of awareness is restraining about this field the market to grow during the forecast period.
Region Wise, Global Artificial Intelligence in Security Market Analysis: On the basis of region, global artificial intelligence in security market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America, held the leading position and is predicted to dominate in the upcoming years owing to surge in cyber-attack cases. Cyber-attacks particularly in the U.S. is considered to contribute the most. On the other hand, Asia Pacific is expected to exhibit a steady growth due to surge in adoption of machine learning in the region. North America region is followed by Asia pacific and Europe.
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Global Artificial Intelligence in Security Market: Product analysis
Natural Language Processing
The Natural Language Processing segment holds the largest share in the artificial intelligence in security market. The deployment in technology has led NLP to play a significant role in facilitating text analytics and is also significantly contributing to the upgradation of progressive speech and text which will accelerate in the coming years.
Global Artificial Intelligence in Security Market: Application analysis
IT & Telecom
Aerospace and Defense
The IT & Telecommunication sector holds the largest market share for artificial intelligence in security market. The rising technological advancements such as the integration of machine learning, artificial intelligence, IoT and so on are highly enhancing the IT sector which is further leading to the rise of artificial intelligence in security market.
Global Artificial Intelligence in Security Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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