Market Research Future (MRFR) has published a cooked research report on the “Global Artificial Intelligence (AI) in Security Market” that contains information from 2018 to 2032. The Artificial Intelligence (AI) in Security market is estimated to register a CAGR of 13.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Artificial Intelligence (AI) in Security market— Nvidia Corporation, Intel Corporation, Samsung Electronics, IBM Corporation, Google, Xilinx Inc., Micron Technologies Inc., Cylance Inc., LexisNexis Risk Solutions Inc., Securonix Inc., Acalvio Technologies Inc., Symantec Corporation, Darktrace, Sparkcognition Inc., Deep Instinct, SentinelOne, Feedzai, Vectra A.I. Inc., Zimperium Inc., Argus Cyber Security, Nozomi Networks Inc., Indegy Ltd, and BitSight Technologies.
Market Highlights
The global Artificial Intelligence (AI) in Security market is accounted to register a CAGR of 13.20% during the forecast period and is estimated to reach USD 20.44 billion by 2032.
The Artificial Intelligence (AI) in Security market involves the integration of AI technologies, such as machine learning and pattern recognition, to enhance security systems and threat detection. It enables real-time analysis of vast data streams, identifying anomalies and potential risks, thereby bolstering the effectiveness of security measures across various domains.
Segment Analysis
The global Artificial Intelligence (AI) in Security market has been segmented based on Component, Deployment, Security type, Technology and Vertical.
On the basis of Component, the market is segmented into Software, Hardware, and Services. With 35% of market revenue going to the services sector, the market was dominated by it. It is projected that this category would have a substantial impact on the growth of A.I. globally in the cybersecurity market.
Based on Deployment, the global Artificial Intelligence (AI) in Security market has been segmented into On-Cloud and On-Premise. The category of On-Cloud brought in the highest money. The popularity of cloud deployment among SMBs is rising as a result of its accessibility. Businesses that use cloud-based cybersecurity solutions can save money on technical staff, hardware, software, storage, and other related costs.
Based on Security type, the global Artificial Intelligence (AI) in Security market has been segmented into Network Security, Cloud Security and Endpoint Security. Network security was expected to account for 37.4% of total revenue in 2022. The popularity of machine learning and artificial intelligence algorithms accounts for the substantial sector shares.
Based on Technology, the global Artificial Intelligence (AI) in Security market has been segmented into Machine Learning, Natural Language Processing and Context-Aware Computing. In 2022, machine learning accounted for the biggest segment share. Machine learning technology will advance quickly as deep learning becomes more widespread across end-use industries.
Based on Vertical, the global Artificial Intelligence (AI) in Security market has been segmented into Government, BFSI, Healthcare, Manufacturing and Retail. In 2022, BFSI had the greatest segment share. There has been a paradigm shift in how individuals utilise crowdfunding to make payments and purchases, apply for loans, and withdraw money as a result of the explosion of inventions and technical breakthroughs.
Regional Analysis
The global Artificial Intelligence (AI) in Security market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Artificial Intelligence (AI) in Security market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Artificial Intelligence (AI) in Security market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Artificial Intelligence (AI) in Security market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Artificial Intelligence (AI) in Security Market dominated this market in 2022. In 2022, the Asia Pacific Artificial Intelligence (A.I.) in Security market was valued at $3.06 billion and was anticipated to develop at a high CAGR. China, Japan, and South Korea are the region's three primary economic partners. The Chinese government has started learning about deep learning and machine learning technology, and it has allocated almost 48% of its budget to this field. An estimated $1 billion in funding will come from South Korea for the study and application of artificial intelligence in governmental and security applications.
Additionally, Artificial intelligence (A.I.) in the security sector is anticipated to offer promising growth opportunities in Europe. For instance, in November 2022, the United Kingdom announced that it would spend £16.5 billion (USD 21.8 billion) over four years on connected gadgets with AI and lots of sensors. However, the administration is optimistic that raising defence spending would improve its standing in Europe as it seeks to fend off threats from Russia and other adversaries in cyberspace. Stakeholders expect greater investment by the United Kingdom, France, Germany, and Russia to detect threats and odd activity on their networks, which has prompted cybersecurity solution vendors to boost the A.I. portfolios of their products.Artificial intelligence (A.I.) in the security sector is anticipated to offer promising growth opportunities in Europe.
Moreover, Artificial intelligence (A.I.) in the security sector is anticipated to offer promising growth opportunities in Europe. For instance, in November 2022, the United Kingdom announced that it would spend £16.5 billion (USD 21.8 billion) over four years on connected gadgets with AI and lots of sensors. However, the administration is optimistic that raising defence spending would improve its standing in Europe as it seeks to fend off threats from Russia and other adversaries in cyberspace. Stakeholders expect greater investment by the United Kingdom, France, Germany, and Russia to detect threats and odd activity on their networks, which has prompted cybersecurity solution vendors to boost the A.I. portfolios of their products.Artificial intelligence (A.I.) in the security sector is anticipated to offer promising growth opportunities in Europe.
Key Findings of the Study
- The global Artificial Intelligence (AI) in Security market is expected to reach USD 20.44 billion by 2032, at a CAGR of 13.20% during the forecast period.
- The Asia-Pacific Artificial Intelligence (AI) in Security Market dominated this market in 2022. In 2022, the Asia Pacific Artificial Intelligence (A.I.) in Security market was valued at $3.06 billion and was anticipated to develop at a high CAGR.
- Based on Technology, In 2022, machine learning accounted for the biggest segment share.
- Nvidia Corporation, Intel Corporation, Samsung Electronics, IBM Corporation, Google, Xilinx Inc., Micron Technologies Inc., Cylance Inc., LexisNexis Risk Solutions Inc., Securonix Inc., Acalvio Technologies Inc., Symantec Corporation, Darktrace, Sparkcognition Inc., Deep Instinct, SentinelOne, Feedzai, Vectra A.I. Inc., Zimperium Inc., Argus Cyber Security, Nozomi Networks Inc., Indegy Ltd, and BitSight Technologies.
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Base Year | 2022 |
Companies Covered | 15 |
Pages | 111 |
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