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Artificial Intelligence in Security Market Size And Forecast
Artificial Intelligence in Security Market size was valued at USD 7.58 Billion in 2021 and is projected to reach USD 80.83 Billion by 2030, growing at a CAGR of 30.1% from 2022 to 2030.
More and more AI-based technologies, such as machine learning and natural language processing, are being used to protect against, identify, and respond to threats. Furthermore, an exponential increase in cyberattacks on defense, government, and high-tech firms has highlighted the demand for sophisticated artificial intelligence (AI) cybersecurity solutions. The Global Artificial Intelligence in Security Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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What is Artificial Intelligence in Security?
The replication of human intelligence functions by machines, particularly computer systems, is known as artificial intelligence. Examples of particular AI applications include expert systems, machine learning, natural language processing, speech recognition, and machine vision. Vendors have been rushing to showcase how their goods and services use AI as the hoopla surrounding AI has grown. Frequently, when people refer to AI, they just imply one component, such as machine learning. For the creation and training of machine learning algorithms, AI requires a foundation of specialized hardware and software. There is no one programming language that is exclusively associated with AI, but a handful is, including Python, R, and Java.
Recently, there has been a significant advancement in artificial intelligence. The technology, healthcare, and pharmaceutical industries all use AI in different ways. The use of AI has been shown to be a vital tool for lowering the costs of many operations, including development, manufacturing, automation, monitoring, adaptation, and a wide range of other activities. With the use of Google’s search engine, Facebook’s facial recognition software, and speech recognition technology, cybercriminals can be studied, identified, and understood. The development of artificial intelligence enhances cybersecurity tools and allows for the use of force against online offenders. It is created so that it can react to cyberattacks in a matter of milliseconds. The idea is broadly applicable to security and vulnerability management, anti-fraud strategies, and other areas.
Global Artificial Intelligence in Security Market Overview
In order to provide a proactive protection system with precision in detection, cyber AI has grown in popularity. For instance, a user’s behavioral biometrics has become a key demand in AI, leading to relentless user verification. Industry participants are anticipated to give machine learning algorithms top priority in order to harness the power of AI to strengthen security intelligence. The frequency and complexity of cyber threats, the rise in privacy concerns, and the significance of AI-based cybersecurity solutions in the banking sector are all drivers boosting market growth. As SMEs want more AI-based cybersecurity solutions, it is also projected that this market would grow over the coming years.
The COVID-19 pandemic’s arrival has increased the need for cutting-edge technologies as businesses strengthen their commitment to work-from-home policies. Enterprises have been forced to invest money in machine learning and deep learning algorithms as a result of an increase in demand for digital goods and services brought on by telecommuting workers and other people using potentially unsafe networks and gadgets.
Furthermore, widespread frauds involving the new coronavirus and the spoofing of official institutions like the WHO present further difficulties for organizations. For instance, Google discovered more than 18 million malware and phishing emails each day involving COVID-19 fraud in April 2020. The American technology business asserted that over 99.9% of spam, phishing, and malware are prevented from reaching customers by its AI-powered defenses.
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Global Artificial Intelligence in Security Market: Segmentation Analysis
The Global Artificial Intelligence in Security Market is segmented based on Deployment, Security Solution, Security Type, Technology, Industry, Application, And Geography.
Artificial Intelligence in Security Market, By Deployment
- On-Premise Deployment
- Cloud Deployment
Based on Deployment, the market is bifurcated into On-Premise Deployment and Cloud Deployment. The cloud-based deployment segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to cyberattacks continue to disrupt the way of life with innovative approaches to seeding malware and stealing unauthorized data. While dealing with this, predictive security in the cloud has innovated security in a manner that will frustrate cyber spies in the years to come. This technology collects and analyzes unfiltered endpoint data, using the power of the cloud to boost the demand for the cloud-based deployment segment.
Artificial Intelligence in Security Market, By Security Type
- Cloud Security
- Network Security
- Endpoint Security
- Application Security
Global Artificial Intelligence in Security Market is segmented into Application Security, Cloud Security, Endpoint Security, and Network Security based on Security Type. Artificial Intelligence in Security Market was dominated by the segment of Endpoint Security. Endpoint attacks are becoming more common, therefore behavioral analytics and AI-based real-time authentication may be pursued as the foundation of security solutions. Additionally, the rapid adoption of connected devices has forced businesses to use AI-powered endpoint security technology to identify suspicious activity and information that may be in danger.
Artificial Intelligence in Security Market, By Technology
- Context-Aware Computing
- Machine Learning
- Natural Language Processing
Based on Technology, The market is segmented into Context-Aware Computing, Machine Learning, and Natural Language Processing. The market was dominated by the Machine Learning segment, and this trend is expected to continue during the forecast period. As deep learning usage soars throughout end-use industries, machine learning technology will experience tremendous growth. Leading businesses have been employing machine learning for threat identification and email filtering, including Google and IBM. Businesses are leveraging machine intelligence and deep learning to improve cybersecurity procedures. For instance, deep learning has established the standard for image identification across applications, such as autonomous vehicles and medical diagnosis. Additionally, ML systems are increasingly popular for automating monitoring, identifying outliers, and sorting through the enormous amount of data generated by security technologies.
Artificial Intelligence in Security Market, By Security Solution
- Intrusion Detection/Prevention Systems
- Unified Threat Management (UTM)
- Identity and Access Management (IAM)
- Antivirus/Antimalware
- Risk and Compliance Management
- Encryption
- Data Loss Prevention (DLP)
- Others
Based on Security Solution, the market is bifurcated into Intrusion Detection/Prevention Systems, Unified Threat Management (UTM), Identity and Access Management (IAM), Antivirus/Antimalware, Risk and Compliance Management, Encryption, Data Loss Prevention (DLP), and Others. The data loss prevention (DLP) segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the important role of DLP technology in identifying, monitoring, and protecting the data in storage as well as in motion over the network. Specific data security policies are framed in every organization, and IT personnel are mandated to strictly follow them. Thus, accelerating the demand.
Artificial Intelligence in Security Market, By Industry
- Government & Defense
- Retail
- Enterprise
- BFSI
- Manufacturing
- Healthcare
- Infrastructure
- Automotive & Transportation
- Others
Based on Industry, the market is bifurcated into Government & Defense, Retail, Enterprise, BFSI, Manufacturing, Healthcare, Infrastructure, Automotive & Transportation, and Others. The enterprise segment holds the largest market share during the forecast period. The factors that can be attributed to increasing their security budgets significantly, aligning business strategies with security plans, and creating cyber awareness programs for employees and customers. To ensure the safety of critical infrastructure and technological innovations various programs, such as the Global Information Society Project Program on Telecommunication Policy, and strict telecom and regulatory policies have been introduced which are fueling the demand for the enterprise segment.
Artificial Intelligence in Security Market, By Application
- Antivirus/Antimalware
- Data Loss Prevention
- Fraud Detection/Anti-Fraud
- Intrusion Detection/Prevention System
- Security & Vulnerability Management
- Unified Threat Management
- Others
Based on Application, The market is segmented into Antivirus/Antimalware, Data Loss Prevention, Fraud Detection/Anti-Fraud, Intrusion Detection/Prevention System, Security & Vulnerability Management, Unified Threat Management, and Others. The Antivirus/ Antimalware segment dominated the market. During the forecast period, it is expected to continue to dominate the market The largest application segment was antivirus/antimalware. Corporate leaders and customers, who are targets of phishing scams and hackers trying to obtain critical information, are becoming more and more concerned about cybersecurity. In order to defend against attacks, such as antivirus and anti-malware, artificial intelligence and machine learning techniques are required.
Artificial Intelligence in Security Market, By Geography
On the basis of regional analysis, Global Artificial Intelligence in Security Market is classified into
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
On the basis of regional analysis, the Global Artificial Intelligence in Security Market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America anticipated the largest share of the market and is expected to continue to dominate the global market in terms of revenue during the projected period. The increase in network-connected devices brought on by the adoption of IoT, 5G, and Wi-Fi 6 is primarily blamed for the rise. The expansion of the 5G network has been driven by businesses in the automotive, healthcare, government, energy, and mining industries, which might be a point of access for hackers. Leading companies are likely to invest money in platforms for machine learning, sophisticated analytics, asset mapping, and visualization for real-time evaluation. Natural language processing, machine learning (ML), and neural networks are expected to be widely used in North America to thwart assaults, detect odd user behavior, and identify other anomalous patterns.
Key Players
The “Artificial Intelligence in Security Market ” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Micron Technology, Inc., Intel Corporation, Xilinx Inc., IBM Corporation, Amazon Web Services, Inc., Samsung Electronics Co., Ltd., NVIDIA Corporation, Darktrace, Cylance Inc, and Vectra AI, Inc., Accwpto, Watchguard technology, among others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In November 2021, Acceptto was bought by SecureAuth, a leader in next-generation identity and access management, for an undisclosed sum. Acceptto creates a passwordless authentication and behavioral modeling platform that detects threats before, during, and after authorization. Acceptto’s AI-powered continuous authentication supports SecureAuth’s goal of becoming the preferred solution for user-friendly password-less login, as well as clients’ hybrid workforces, digital engagement, cloud migration, and Zero-Trust networks.
- In March 2020, Watchguard Technologies Inc., a network security and intelligence firm, signed a definitive agreement to acquire Panda Security, a Madrid-based endpoint security provider. The previous company’s network offerings will be expanded as a result of this transaction.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Artificial Intelligence in Security Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Artificial Intelligence in security market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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