Artificial Intelligence (AI) in Security Market: Information by Vertical (Government, BFSI, Healthcare, Manufacturing and Retail), Component (Services, Hardware [Network, Memory and Processor] and Software [Platform and Solution {Antivirus, Encryption, Network Security and Identity Access Management}]), Technology (Machine Learning, Natural Language Processing and Context Aware Computing), Deployment (On-Cloud and On-Premise),Security Type (Network Security, Cloud Security and Endpoint Security) and Region (North America, Europe, Asia-Pacif

Artificial Intelligence in Security Market Overview

The Artificial Intelligence (AI) in Security Market was valued at USD 4.97 billion in 2018 and is expected to reach USD 20.3 Billion by 2030, registering a 13.20% CAGR during the forecast period of 2022–2030 . Increasing adoption of connected devices, development in computing power technology, developing machine learning and deep learning technology, and increasing instances of cyberattacks are some of the major factors driving the growth of global artificial intelligence (AI) in security market. However, lack of professional or skilled expertise is one of the major factors restraining AI in security market growth.

Increasing adoption of cloud-based solutions and services and government support and investment in research and development of artificial intelligence technology are some of the contributing factors in the creation of fruitful opportunities for the market players in the coming years. However, software and hardware security, data integrity, model security, and data privacy are some of the primary challenges faced by the players in the artificial intelligence in security market.

Home surveillance, physical security, video analytics, virtual assistance, robotics, predictive maintenance, and cognitive security are some of the use cases in the artificial intelligence in security market.

Key Players

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 AI Inc., Zimperium, Inc., Argus Cyber Security, Nozomi Networks, Inc., Indegy Ltd, and BitSight Technologies are some of key players covered in the artificial intelligence in security market research study.

Recent Developments

• In May 2019. SolarWinds partnered with SentinelOne and expanded its security portfolio with endpoint detection and response solution which can detect every type of cyber threat, in real time, on devices, servers, and cloud platforms.

• In February 2019. Cylance introduced an artificial intelligence platform for security applications. The new platform, with the help of deep learning technology, can provide solutions such as automated threat detection, prevention, and forensic investigation in order to reduce the number of security attacks.

Global Artificial Intelligence (AI) in Security Market, 2018–2024 (USD Billion)  

Source: Company Websites, Annual Reports, Secondary Research, Press Releases, Paid Databases, Expert Interviews, White Papers, Journals, Case Studies, and MRFR Analysis

Segmentation

The global artificial intelligence (AI) in security market has been segmented based on component, deployment, security type, technology, vertical, and region.

By component, the artificial intelligence in security market has been categorized as hardware, software, and services. The hardware segment has further been divided into processors, memory and network. The software segment has been further classified as solutions and platforms. The solutions sub-segment has been differentiated into antivirus, identity and access management, risk and compliance management, encryption, unified threat management, and others.

Based on deployment, the market has been bifurcated into on-premise and on-cloud.

As per security type, the market can be separately identified as endpoint security, network security, application security, and cloud security.

With respect to technology, the market has been segmented into machine learning, natural language processing, and context aware computing.

The market has been categorized, by vertical segmentation, into BFSI, Government, retail, manufacturing, automotive & transportation, healthcare, and others.

Based on region, the market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.

Regional analysis

Market Research Future (MRFR) study has covered the following countries in the regional analysis of the global artificial intelligence (AI) in security market—the US, Canada, and Mexico in North America; Germany, the UK, France, Spain, and Italy in Europe; China, Japan, India, Singapore, Australia, and South Korea in Asia-Pacific; and the Middle East & Africa and South America in the rest of the world.

The global artificial intelligence (AI) in security market is currently dominated by North America. Government initiatives such as investment in development of artificial intelligence technology is the prime factor for the growth of the AI in security market. The US, followed by Canada, is the highest contributor in revenue generation for the market. The presence of key players such as IBM Corporation and Microsoft Corporation, availability of skilled expertise, and increasing adoption of artificial intelligence technology-based solutions by verticals such as BFSI, government, retail, and manufacturing are some of the other major factors driving the growth of the global artificial intelligence (AI) in security market.

Asia-Pacific is projected to be the fastest-growing market for artificial intelligence (AI) in security. China, Japan, and South Korea are the primary revenue generators in the region. The Government of China has invested around 48% in artificial intelligence funding and has started developing skilled expertise in machine learning and deep learning technology. South Korea has also announced an investment of around USD 1 billion in the development and deployment of AI in government and security applications.

Intended Audience

• Investors and consultants


• Research/consultancy firms


• Technology solution providers


• Software developers


• OEMs


• Law enforcement agencies


• SMEs and large enterprises


• Government agencies