Artificial Intelligence in Security Market

Growing cyber threats are fueling the market expansion

According to the CISCO cybersecurity threat trends report 2021, 86% of organizations reported that at least one user had attempted to connect to a phishing website, 70% reported that users had been served malicious browser ads, 69% reported that there had been some uninvited crypto mining, and 50% reported that there had been ransomware-related activity. Thus, this factor drives the Artificial Intelligence (AI) in the Security market CAGR.

Cyber-attacks reduce corporate efficiency and can harm enterprises' sensitive data and vital I.T. infrastructure. Cybercrimes are happening more often due to the quick expansion of digital commerce across a wide range of businesses internationally. The growth in business data breaches or leaks stimulates the market for cybersecurity goods and services. Hence, protecting against cyber-attacks has become crucial for businesses to expand. Cybercriminals now use sophisticated methods to initiate ransomware attacks to extort tiny sums of money (a few hundred dollars per) in ransom. Cyberattacks that are automated and highly skilled are increasing as technology develops.

Organizations worldwide are adopting cybersecurity solutions and services to prevent swarm cyberattacks due to the assaults' rising complexity. According to Microsoft, the United States was the victim of 46% of cyberattacks in 2020, more than any other nation. Thus, this aspect is anticipated to accelerate Artificial Intelligence (AI) in Security market revenue globally.

The Global Artificial Intelligence (AI) in Security Market Industry is experiencing growth due to the increasing frequency and sophistication of cyber threats. Organizations are facing challenges from various forms of cyberattacks, including ransomware and phishing. In response, AI technologies are being integrated into security systems to enhance threat detection and response capabilities. For instance, AI-driven solutions can analyze vast amounts of data in real-time, identifying anomalies that may indicate a security breach. This trend is reflected in the projected market value of 8.58 USD Billion in 2024, highlighting the urgent need for advanced security measures.

The Global Artificial Intelligence (AI) in Security Market Industry benefits from rapid advancements in AI technologies, which enhance security capabilities. Innovations in machine learning, natural language processing, and computer vision are enabling more sophisticated security solutions. For instance, AI algorithms can now predict potential security threats by analyzing patterns in user behavior. This technological evolution is likely to attract investments, as organizations recognize the potential of AI to improve their security posture. The anticipated compound annual growth rate (CAGR) of 11.46% from 2025 to 2035 underscores the market's potential as businesses increasingly adopt AI-driven security measures.

The integration of Artificial Intelligence with Internet of Things (IoT) devices is a pivotal driver for the Global Artificial Intelligence (AI) in Security Market Industry. As IoT devices proliferate, they create new vulnerabilities that necessitate advanced security solutions. AI can enhance the security of these devices by providing real-time monitoring and threat detection. For example, smart home security systems utilize AI to analyze data from various sensors, improving response times to potential threats. This integration is expected to fuel market growth, as organizations seek comprehensive security solutions that address the complexities introduced by IoT technologies.

The Global Artificial Intelligence (AI) in Security Market Industry is increasingly driven by the demand for predictive analytics in security applications. Organizations are recognizing the value of using AI to anticipate potential security incidents before they occur. By leveraging historical data and machine learning algorithms, businesses can identify patterns that indicate future threats. This proactive approach not only enhances security but also reduces costs associated with incident response. As the market evolves, the emphasis on predictive analytics is likely to grow, aligning with the overall trend of adopting AI technologies to bolster security measures.

The Global Artificial Intelligence (AI) in Security Market Industry is significantly influenced by the growing emphasis on regulatory compliance and data protection. Governments worldwide are implementing stringent regulations to safeguard sensitive information, compelling organizations to adopt AI-driven security solutions. For example, the General Data Protection Regulation (GDPR) in Europe mandates strict data handling practices, pushing companies to invest in AI technologies that ensure compliance. This regulatory landscape is expected to drive the market's growth, contributing to a projected value of 28.3 USD Billion by 2035, as businesses seek to mitigate risks associated with non-compliance.

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific Artificial Intelligence (AI) in the Security market accounted for USD 3.06 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The main sources of income in the area are China, Japan, and South Korea. The Chinese government has begun acquiring specialized knowledge in machine learning and deep learning technologies and has committed around 48 percent of its money to artificial intelligence.

The research and implementation of AI in governmental and security applications will get an estimated $1 billion in funding from South Korea. Moreover, China's Artificial Intelligence (AI) in Security held the largest market share. India's Artificial Intelligence (AI) in the Security market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: ARTIFICIAL INTELLIGENCE (AI) IN SECURITY MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Due to strict government regulations and growing cyber incidents in the automotive, healthcare, government, and I.T. & communications industries, Europe's Artificial Intelligence (AI) in the Security market is projected to provide profitable development prospects. For instance, the U.K. said in November 2022 that it would invest £16.5 billion (USD 21.8 billion) over four years on linked devices with AI and plenty of sensors. The administration is nevertheless confident that increased defense expenditure would strengthen its position in Europe as it works to counter challenges from Russia and other hostile nations in cyberspace.

Stakeholders anticipate increased spending by the United Kingdom, France, Germany, and Russia to identify threats and unusual activities on their networks, prompting cybersecurity solution vendors to expand their A.I. portfolios. Further, Germany's Artificial Intelligence (AI) in the Security market held the largest market share. The U.K. Artificial Intelligence (AI) in the Security market was the fastest-growing market in the European Region.

The fastest-growing market for artificial intelligence (AI) in security is anticipated to be in North America. In the world, North America is the Region that has embraced cybersecurity solutions and services the earliest. Governments in the area have highlighted increased cyberattacks as the most important economic and national security concern. Companies in this area lead the globe in adopting cutting-edge infrastructures and technologies, including cloud computing, big data analytics, and IoT. Attacks on corporate applications across various sectors are significantly rising in frequency and sophitication.

Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of Artificial Intelligence (AI) in the Security segment. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. Artificial Intelligence (AI) in the Security industry must offer products at reasonable prices to grow and thrive in a more cutthroat and competitive environment.

Local manufacturing to reduce operating costs is one of the primary business strategies manufacturers employ in the security industry's worldwide Artificial Intelligence (AI) to benefit customers and expand the market sector. Artificial Intelligence (AI) in the Security industry has recently provided some of medicine's most important benefits. Major players in the Artificial Intelligence (A.I.) in Security market, including 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, BitSight Technologies, and others, are attempting to increase market demand by investing in research and development operations.

The Samsung Group is a worldwide manufacturing corporation with its main office in Samsung Town, Seoul, South Korea. It is the largest South Korean chaebol (business conglomerate) and consists of multiple connected businesses, most unified under the Samsung brand. Samsung and Mastercard (U.S.) worked together to develop a biometric scanning payment card with an integrated fingerprint scanner in March 2021.

With its headquarters in Armonk, New York, and operations in more than 175 nations, the International Business Machines Corporation (IBM), sometimes known as Big Blue, is an American global technology company. IBM and Salesforce increased their collaboration in January 2018 by fusing technologies for cloud computing and artificial intelligence. IBM's client base in the market for cloud solutions is anticipated to grow as a result of this relationship.