What is Artificial Intelligence in Security Market?
Artificial Intelligence in the security market is expected to grow significantly owing to the increasing number of connected devices and the rising number of mobile malware attacks. High Usage of Internet and requirement to work online are contributing to rising in incidents of cyber-attacks as more than the number of computing devices and are being connected to the Internet of Things. Shortage of cybersecurity professionals is one of the major factor driving the demand for AI-based security solutions. Using AI-based solutions for cybersecurity covers much of the need for cybersecurity professionals. Growing adoption of the cloud-based application has given an opportunity to AI in the security market to rise in the forecasted period.
Highlights from Artificial Intelligence in Security Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Acalvio (United States), Amazon (United States), Cylance (United States), NVIDIA (United States), Intel (United States), IBM (United States), Micron (United States), SparkCognition (United States), Securonix (United States) and ThreatMetrix (United States) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Artificial Intelligence in Security market throughout the forecasted period.
Acalvio (United States), Amazon (United States), Cylance (United States), NVIDIA (United States), Intel (United States), IBM (United States), Micron (United States), SparkCognition (United States), Securonix (United States) and ThreatMetrix (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Skycure (United States), Xilinx (United States), Samsung (Korea) and Darktrace (UK). Artificial Intelligence in Security Market Segmentation:
Scope | Sub-Segments |
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Security Type | Network Security,Endpoint Security,Application Security,Cloud Security |
Security Solution | Identity and Access Management (IAM),Risk and Compliance Management,Encryption,Data Loss Prevention (DLP),Unified Threat Management (UTM),Antivirus/Antimalware,Intrusion Detection/Prevention System (IDS/IPS),Others (Firewall, Security and Vulnerability Management, Disaster Recovery, DDOS Mitigation, Web Filtering, Application Whitelisting, and Patch Management) |
Technology | Machine Learning,Context Awareness Computing,Natural Language Processing |
End users | Government & Defense,BFSI,Enterprise,Infrastructure,Automotive & Transportation,Healthcare,Retail,Manufacturing,Others (Oil & Gas, Education, Energy) |
Development | Cloud Deployment,On-Premise Deployment |
Offering | Hardware,Software,Services |
On the basis of geography, the market of Artificial Intelligence in Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Connected Devices
Market Growth Drivers:
Rising Adoption of IOT, Cost Incurred from Rising Severity of Security Breaches, Growing Demand to Bridge the Existing Security Gaps and Constant rise in Cyber Terrorism and Rising Mobile Malware Attacks
Challenges:
Lack of Cyber Security and AI Professionals
Restraints:
Rising Corporate Executive Cyber Threats and Inability of AI to Stop Zero Day and Advanced Threat
Opportunities:
Competence in Advanced Persistent Threat (APT) Protection and Increased use of Social Media for Business Function
Key Target Audience
Semiconductor Companies, Technology Providers, Universities and Research Organizations, System Integrators, AI Solution Providers, AI Platform Providers, Cloud Service Providers, Technology Providers, AI System Providers, Universities and Research Organizations and Investors and Venture Capitalists
Market Leaders & Development Strategies
In June 2018, F secure Corporation, Finnish cybersecurity and privacy company signed an agreement to acquire all the outstanding shares of MWR Info security. The acquisition of MWR info security a privately held cybersecurity company will be a significant milestone in the execution of F secure growth strategy and make it the largest European single source for cybersecurity service and detection.