What is the Global market size of the Artificial Intelligence In Security Market?

Global Artificial Intelligence In Security Market size was valued at USD 13.28 billion in 2021 and is poised to grow from USD 16.48 billion in 2022 to USD 93.75 billion by 2030, growing at a CAGR of 24.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Artificial Intelligence In Security Market?

Global Artificial Intelligence in Security Market is fragmented and very competitive due to an increase in cyberattacks throughout time, a lot of new businesses are emerging with cutting-edge technologies. To maintain a competitive edge and increase their market position in the worldwide artificial intelligence in security market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Major players in market include IBM Corporation, Cisco Systems, Inc, Tech Mahindra Limited, Micron Technology, Inc, Fortinet, Inc. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'IBM Corporation', 'Amazon Web Services', 'Microsoft Corporation', 'Palo Alto Networks', 'Cisco Systems, Inc.', 'Fortinet, Inc.', 'Check Point Software Technologies Ltd.', 'Symantec Corporation', 'Trend Micro, Inc.', 'RSA Security LLC', 'FireEye, Inc.', 'Splunk Inc.', 'Darktrace Ltd.', 'Cylance Inc.', 'Vectra AI, Inc.', 'F-Secure Corporation', 'LogRhythm, Inc.', 'Acalvio Technologies, Inc.', 'Alert Logic, Inc.', 'Cyberbit Ltd.'

What is the key driver of the Global Artificial Intelligence In Security Market?

Internet of Things (IoT), rise in cyberattacks, dearth of cybersecurity experts, and growing cyberterrorism are the main reasons propelling this market's expansion.

What is the key market trend for the Global Artificial Intelligence In Security Market?

Emergence of AI TRiSM: AI TRiSM is a framework that promotes the governance of AI models and their fairness, dependability, robustness, effectiveness, and privacy. For the benefit of its clients and the enterprise, it contains solutions, methodologies, and procedures for model interpretability and explainability, privacy, model operations, and adversarial attack resistance.

Which region accounted for the largest share in the Global Artificial Intelligence In Security Market?

North America held the largest market share in 2022 owing to the exponential growth of IoT, 5G, and Wi-Fi 6 along with an increase in network-connected devices. 5G network expansion is driven by businesses in the automotive, healthcare, government, energy, and mining industries. In 2022, the US held the greatest market share in North America. North America is a pioneer in the adoption of cutting-edge technology like AI because banks, government organisations, and financial institutions. The US encounters difficulties as a result of cyber threats. In order to manage the cybersecurity landscape, cutting-edge technologies are used. Additionally, a number of cybersecurity providers have offices in the US, which has helped the AI in cybersecurity industry to flourish in North America.

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 News

In September 2024, a new program to help reduce the skill gap and train professionals in use of artificial intelligence for security was launched in India. The Indian Ministry of Electronics and Information Technology, Indian Computer Emergency Response Team, and SISA collaborated to launch this program.
In December 2024, in a collaborative effort HGC, a leading telecommunications company and Cisco announced the launch of a new AI-driven cybersecurity solution in Hong Kong. Cisco Managed AI Firewall is aimed at enhancing the adoption of AI-driven cybersecurity solutions to set a new standard for security in the long run.
In October 2022, Check Point Software Technologies Ltd. expanded the capabilities of its quantum cyber security platform by releasing Check Point Quantum Titan. To provide improved threat protection against DNS exploits, phishing, and autonomous internet of things (IoT) security, Quantum Titan introduced three new software blades. These blades leverage artificial intelligence (AI) and deep learning methods.

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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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What is the global market size of Artificial Intelligence In Security Market?

Who are the key vendors in the Artificial Intelligence In Security Market?

What is the key driver of Artificial Intelligence In Security Market?

What is the key market trend for Artificial Intelligence In Security Market?

Which region accounted for the largest share in Artificial Intelligence In Security Market?

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