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 2024-2031

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).

In the recent years artificial intelligence has  witnessed remarkable advancements. AI is becoming an an essential tool for cutting costs connected with a wide range of activities, including research, manufacturing, automation, monitoring, adaptation, and a large array of other costs. With the aid of Google's search engine, Facebook's facial recognition software, and speech recognition technology, cybercrimes can be studied and identified Artificial intelligence is enhancing cybersecurity tools and are used to combat cybercriminals. It is also designed to react to cyberattacks within milliseconds. The idea is broadly relevant as an anti-fraud strategy, security and vulnerability management, and other areas.

Cyber AI is now in demand because it can provide a proactive defence mechanism with precise detection. For instance, there is a high demand for AI to perform constant user authentication using behavioural biometrics. Industry players should prioritise machine learning algorithms for its advantage to strengthen security intelligence. Furthermore, it is projected that this market would grow in the following years in response to SMEs' growing desire for AI-based cybersecurity solutions.

US Artificial Intelligence In Security Market is poised to grow at a sustainable CAGR for the next forecast year.