Artificial Intelligence in Security Market is Anticipated To Grow USD 20.3 Billion at a CAGR of 13.20% by 2030 – Report by Market Research Future (MRFR)
Research Reports
Mar 09, 2023
Artificial Intelligence in Security Market Highlights
The use of artificial intelligence (AI) in the security industry has grown rapidly in recent years. AI is being used to enhance security measures in a variety of areas, including cybersecurity, physical security, and surveillance.
One of the key drivers of the AI in security market is the increasing demand for enhanced security measures to protect against cyberattacks and other security threats. As the number and sophistication of these threats continue to grow, organizations are turning to AI solutions to help them detect, prevent, and respond to security incidents in real-time.
Artificial Intelligence in Security Market is Anticipated To Grow USD 20.3 Billion at a CAGR of 13.20% by 2030 – Report by Market Research Future (MRFR)
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Artificial Intelligence in Security Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 20.3 Billion |
| Growth Rate: | CAGR of 13.20% from 2022 to 2030 |
| Forecast Period: | 2022 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional Analysis
The global AI in security market is geographically divided into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is currently the largest market for AI in security, followed by Europe and Asia Pacific. The market in North America is primarily driven by the presence of a large number of AI solution providers and the high demand for advanced security solutions among various industries in the region.
The Asia Pacific market for AI in security is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of AI-based security solutions among small and medium-sized enterprises (SMEs) in the region. Additionally, the rising number of cyber threats and security breaches in countries like China, India, and Japan is expected to drive the demand for AI-based security solutions in the region.
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Europe is also expected to witness significant growth in the AI in security market due to the increasing adoption of cloud-based solutions and the presence of several key players in the region. The market in the region is also driven by the stringent data protection regulations in countries like Germany, France, and the UK, which are encouraging organizations to adopt advanced security solutions.
The Rest of the World (RoW) market for AI in security is expected to grow at a moderate rate during the forecast period. This growth can be attributed to the increasing adoption of AI-based security solutions in countries like Brazil and South Africa, as well as the rising demand for advanced security solutions among various industries in the region.
Overall, the AI in security market is expected to witness significant growth across all regions in the coming years, driven by the increasing demand for advanced security solutions and the growing adoption of AI technologies.
Artificial Intelligence in Security Market Key Players
The key players in the market, including:
- IBM
- Cisco Systems
- Symantec
- RSA Security
- Palo Alto Networks
Market Segmentation
The global AI in security market can be segmented based on technology, deployment mode, security type, application, and vertical.
Based on technology, the market can be segmented into machine learning, natural language processing (NLP), computer vision, and others. Machine learning is expected to hold the largest share of the market due to its ability to learn from data and improve the accuracy of security solutions over time.
Based on deployment mode, the market can be segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of cloud-based solutions by organizations to reduce operational costs and enhance scalability.
Based on security type, the market can be segmented into network security, endpoint security, application security, cloud security, and others. The network security segment is expected to hold the largest share of the market due to the increasing number of cyber threats and the need for advanced network security solutions.
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Based on application, the market can be segmented into threat detection and prevention, compliance management, identity and access management, data security and privacy, and others. The threat detection and prevention segment is expected to hold the largest share of the market due to the increasing need for real-time threat detection and response.
Based on vertical, the market can be segmented into BFSI, government and defense, healthcare, IT and telecom, retail, and others. The BFSI segment is expected to hold the largest share of the market due to the high value of financial transactions and the increasing number of cyber threats targeting the sector.
Overall, the market segmentation of AI in security reflects the diverse range of applications and use cases for AI technologies in the security industry, and the growing demand for advanced security solutions across various industries and verticals.
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