USD 13.28 billion
Report ID:
SQMIG45D2083 |
Region:
Global |
Published Date: October, 2024
Pages:
234
|Tables:
207
|Figures:
80
Artificial Intelligence In Security Market size was valued at USD 20.56 Billion in 2023 and is poised to grow from USD 25.62 Billion in 2024 to USD 148.82 Billion by 2032, growing at a CAGR of 24.60% during the forecast period (2025-2032).
Growing incidence of cyberattacks and high spending on improvement of cybersecurity around the world are projected to primarily promote the demand for artificial intelligence in security going forward. Increasing sophistication of cyberattacks and growing adoption of advanced digital technologies are also slated to create new opportunities in the future. Imposition of stringent data privacy and security mandates and emphasis on improving compliance for the same are anticipated to promote the adoption of artificial intelligence in security in the long run. Advancements in machine learning and artificial intelligence algorithms and technologies also play a vital role in global artificial intelligence in security market growth over the coming years. On the contrary, complexity in integration, high costs of implementation, dearth of skilled professionals, and ethical concerns are slated to impede the adoption of artificial intelligence in security across the study period and beyond.
US Artificial Intelligence In Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.28 billion
Largest Segment
Machine Learning (ML)
Fastest Growth
Natural Language Processing (NLP)
Growth Rate
24.3% CAGR
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Global Artificial Intelligence in Security Market is segmented by Type, Offering, Technology, Application, Vertical, and region. Based on Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security. Based on Offering, the market is segmented into Hardware, Software, Services. Based on Technology, the market is segmented into Machine Learning (ML), Natural Language Processing (NLP), Context-aware Computing. Based on Application, the market is segmented into Identity and Access Management, Risk and Compliance Management, Data Loss Prevention, Unified Threat Management, Fraud Detection/Anti-Fraud, Threat Intelligence, and Others. Based on Vertical, the market is segmented into BFSI, Retail, Government & Defense, Manufacturing, Enterprise, Healthcare, Automotive & Transportation, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Technology
Machine learning is projected to account for a substantial chunk of the global artificial intelligence in security market share. Machine learning technology is essential in training AI models to identify threats and vulnerabilities in security systems. Leveraging machine learning to enhance threat detection, analyze large datasets, identify suspicious patterns, and automate multiple cybersecurity operations is allowing this segment to hold sway over others going forward. Technology can also help in reducing human errors and provide better threat prevention capabilities in security solutions and systems.
Meanwhile, the demand for natural language processing (NLP) technologies is projected to surge at an impressive pace across the study period and beyond. Growing emphasis on sentient analysis, natural language inference, text summarization, and question-answering systems is projected to help this segment generate new opportunities in the future. The technology can help detect threats from unstructured data and also improve compliance in issues such as hate speech, online abuse, and fake news. Natural language processing takes AI capabilities of a security solution to the next level and provides a deeper look into intent behind large volume of user data to offer actionable intel.
Analysis by Type
Network security is forecasted to account for a substantial chunk of the global artificial intelligence in security market share in the future. Rising emphasis on improving network security owing to rising frequency of network-targeted cyberattacks. The increasing complexity of networks is also expected to promote the adoption of AI-powered network security solutions in the long run. Better user authentication, threat management, optimal network resource allocation, and enhanced troubleshooting capabilities are estimated to be the key benefits of AI in network security going forward. Increasing investments in upgradation of network security by companies is also cementing the dominance of this segment.
Meanwhile, the demand for endpoint security is forecasted to increase at an exceptional pace over the coming years. The rising number of cyberattacks targeting endpoint vulnerabilities and a growing number of endpoints are allowing this segment to provide a lucrative growth scope. Behavioral analytics and AI-based real-time authentication are expected to significantly improve endpoint security of organizations in the future. Moreover, rising adoption of the bring your own device (BYOD) trend and increasing number of remote workers are slated to bolster the demand for better endpoint security solutions powered by artificial intelligence in the long run.
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North America is forecasted to spearhead global artificial intelligence in security demand outlook across the study period and beyond. Rapid adoption of artificial intelligence technologies, growing incidence of sophisticated cyberattacks, and the presence of a stringent data privacy and security framework are allowing this region to hold sway over the others. The presence of leading artificial intelligence in security providers in this region also cements the dominance of North America. The United States is slated to emerge as the most opportune market in this region followed by Canada across the study period.
Asia-Pacific is forecasted to emerge as the fastest expanding market for artificial intelligence in security in the world. Growing incidence of cyberattacks, increasing awareness regarding importance of advanced security technologies, and rising spending on advanced security solutions are slated to promote the demand for artificial intelligence in security going forward. China, India, South Korea, and Japan are estimated to be the most opportune markets for artificial intelligence in security providers looking to make most out of the Asia-Pacific region. Rapidly increasing digital transformation in this region is also expected to catalyze the artificial intelligence in security demand outlook in the Asia-Pacific through 2031 and beyond.
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Artificial Intelligence In Security Market Drivers
Increasing Sophistication of Cyberattacks
Cyberattacks are becoming increasingly complex and sophisticated, which is expected to bolster the adoption of highly advanced security solutions powered by artificial intelligence. The rising frequency of complex ransomware, phishing, and advanced persistent threats is also expected to favor artificial intelligence in security market growth going forward.
Imposition of Stringent Data Privacy Mandates
Governments and regulatory bodies around the world are focusing on imposing stringent mandates to ensure maximum data privacy and security amidst rising cybersecurity concerns. AI-powered security systems and solutions help companies comply with these regulations by identifying vulnerabilities, monitoring data access, and providing comprehensive reporting thereby boosting their adoption as well.
Artificial Intelligence In Security Market Restraints
Complexity in Integration
Integrating artificial intelligence-based security systems and solutions with legacy infrastructure is a major restraint for market players as it is mostly not compatible with advanced technologies. Hence, integrating AI in legacy security solutions can incur additional costs and become a tenuous and time-consuming process thereby hurting artificial intelligence in security market outlook going forward.
Dearth of Skilled Professionals
Successful implementation of artificial intelligence in security requires highly skilled cybersecurity and artificial intelligence professionals. However, there is a shortage of such professionals who are proficient in both technologies, which creates a major barrier to the widespread adoption of artificial intelligence in security around the world in the long run.
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Creating artificial intelligence in security solutions that can easily be integrated with legacy systems and infrastructure should be the prime focus of all artificial intelligence in security providers. Collaborations, acquisitions, and mergers are expected to emerge as attractive strategies for artificial intelligence in security companies looking to expand their business scope. Developed countries with advanced technological infrastructure are more opportune markets for artificial intelligence in security market players in the long run.
Artificial Intelligence in Security Market Top Player's Company Profiles
Artificial Intelligence in Security Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing sophistication of cyberattacks and rising investments in adoption of better security solutions are projected to bolster the demand for artificial intelligence in security over the coming years. However, complexity in integration and dearth of skilled professionals are estimated to impede artificial intelligence in security market growth in the long run. North America is forecasted to spearhead the adoption of artificial intelligence in security owing to the presence of a strong technological infrastructure and high incidence of cyberattacks. Use of explainable AI and predictive analytics are slated to present lucrative opportunities for artificial intelligence in security providers in the long run.
Report Metric | Details |
---|---|
Market size value in Security | USD 16.5 billion |
Market size value in 2031 | USD 119.44 billion |
Growth Rate | 24.60% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artificial Intelligence In Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Intelligence In Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Intelligence In Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG45D2083
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