Global Artificial Intelligence in Security Market

Artificial Intelligence In Security Market Size, Share, Growth Analysis, By Type(Network Security, Endpoint Security, Application Security, Cloud Security), By Offering(Hardware, Software, Services), By Technology(Machine Learning (ML), Natural Language Processing (NLP), Context-aware Computing), By Application(Identity And Access Management, Risk and Compliance Management, Data Loss Prevention, Unified Threat Management), By Vertical(BFSI, Retail, Government & Defense, Manufacturing), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45D2083 | Region: Global | Published Date: October, 2024
Pages: 234 | Tables: 207 | Figures: 80

Artificial Intelligence In Security Market Dynamics

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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FAQs

Global Artificial Intelligence in Security Market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 20.56 billion in 2023 to USD 119.44 billion by 2031, growing at a CAGR of 24.60% during the forecast period (2024-2031).

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.  'Acalvio Technologies, Inc. (US) ', 'Amazon Web Services, Inc. (US) ', 'Darktrace (UK) ', 'Fortinet, Inc. (US) ', 'IBM Corporation (US) ', 'Intel Corporation (US) ', 'LexisNexis (US) ', 'Micron Technology, Inc. (US) ', 'Palo Alto Networks, Inc. (US) ', 'CrowdStrike Holdings, Inc. (US) ', 'SentinelOne, Inc. (US) ', 'SAS Institute Inc. (US) ', 'Splunk Inc. (US) ', 'Check Point Software Technologies Ltd. (Israel) ', 'Varonis Systems, Inc. (US) ', 'CyberArk Software Ltd. (Israel) ', 'Bitdefender LLC (US) ', 'Cyberbit Ltd. (Israel) ', 'Deep Instinct Ltd. (Israel) ', 'Tanium Inc. (US)'

Use of Predictive Analytics: Artificial intelligence in security providers can focus on utilization of predictive analytics to provide proactive threat management capabilities to organizations. By analyzing historical data, AI can forecast potential vulnerabilities, enabling businesses to address risks before they materialize. This is why predictive analytics is projected to emerge as an unmissable artificial intelligence in security market trend in the long run. 

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.  

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Global Artificial Intelligence in Security Market

Report ID: SQMIG45D2083

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