Artificial Intelligence (AI) in Security Market to expand at a CAGR of 13.20% by 2032
Research Reports
Nov 09, 2023
Artificial Intelligence (AI) in Security Market: A Comprehensive Overview
Artificial intelligence (AI) in the security market was estimated to be worth $6.7 billion in 2022. The value of artificial intelligence (AI) in the security market is forecast to grow from $7.58 billion in 2023 to $20.44 billion by 2032, with compound annual growth rates. compound interest rate (CAGR) of 13.20% during the forecast period (2023 – 2032). Rising cyber threats, increasing government support and investment, and growing acceptance of cloud products and services are the major market factors driving the growth of the artificial intelligence (A.I.) security market.
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Cybercriminals attack endpoints, networks, data and other I.T. resources Infrastructure is very expensive for citizens, businesses, and governments. The main motives of cybercriminals are political competition, financial gain, reputational damage, global competitiveness, and the interests of radical religious organizations. Most cyber-attacks are about making money.
Thus, this factor drives the Artificial Intelligence (A.I.) Security Market CAGR. As technology advances, automated and highly skilled cyber-attacks are becoming more common. Organizations around the world use cybersecurity solutions and services to prevent cyber-attacks as attacks become more sophisticated.
Key Companies in the Artificial Intelligence (A.I.) Security market include
- Nvidia Corporation
- Intel Corporation
- Samsung Electronics
- IBM Corporation
- Xilinx Inc.
- Micron Technologies Inc.
- Cylance Inc.
- LexisNexis Risk Solutions Inc.
- Securonix Inc.
- Acalvio Technologies Inc.
- Symantec Corporation
- Darktrace
- Sparkcognition Inc.
- Deep Instinct
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Artificial Intelligence (AI) in Security Market Segment Information
Artificial intelligence (A.I.) security market segmentation by type includes services, hardware [network, memory and processor] and software [solution {antivirus, encryption, network security and identity access} and platform]. The market was dominated by the service segment, which accounted for 35% of the market turnover.
Artificial Intelligence (A.I.) market segmentation includes On-Cloud and On-Premise based on deployment. The On-Cloud category generated the most revenue. Based on security type, global artificial intelligence (A.I.) for information security is divided into network security, cloud security, and endpoint. In 2022, the network security segment was predicted to account for 37.4% of the total revenue.
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Based on technology, artificial intelligence in the information security market is segmented into machine learning, natural language processing, and contextual computing. In 2022, machine learning accounted for the largest share of segments. On the basis of vertical, the global artificial intelligence (A.I.) security industry is segmented into government, BFSI, healthcare, manufacturing, and retail. BFSI had the largest segment share in 2022.
By region, the study provides a market overview of North America, Europe, Asia Pacific and rest of the world. The Asia Pacific Artificial Intelligence (A.I.) Security Market was valued at USD 3.06 Billion in 2022 and is expected to grow significantly during the study period. The main sources of income for the region are China, Japan, and South Korea. The Chinese government has begun to acquire expertise in machine learning and deep learning techniques and has put about 48 percent of its money into artificial intelligence. The research and application of A.I.s in government and security industry applications will receive about $1 billion from South Korea. In addition, China’s artificial intelligence (A.I.) had the largest market share in the security sector. India’s Artificial intelligence (A.I.) security market was the fastest growing market in the Asia Pacific region.
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