Artificial Intelligence (AI) Based Security Market

Global Artificial Intelligence (AI) Based Security Market Size (2024 to 2029)

The global artificial intelligence (AI) based security market is predicted to reach USD 25.08 billion in 2024 and USD 71.47 billion by 2029, growing at a CAGR of 23.30% during the forecast period.

The Artificial Intelligence is nothing but a branch of computer science that uses speed recognition, translation between languages and visual perception to make a machine work without any help from the humans.

Global Artificial Intelligence (AI) Based Security Market Drivers:

The growth of the global Artificial Intelligence Based Security market is due to the increase in penetration of internet throughout the world which helps the growth of the market during the significant period.

Other factors that support the growth of the global Artificial Intelligence Based Security market include benefits such as gradual shift of enterprises towards adopting internet in order to perform most of the tasks through it is compelling the employees to remain online for a longer period of time which results in growing risks for cyber security and hacking are some of the factors which helps the market to grow further. Furthermore, growing inclination of government to adopt smart city concept, growing awareness regarding various types of threats such as phishing, malware, denial, password breaches which are dissuading individuals to connect to any public Wi-Fi which in turn increasing the uptake of personal Wi-Fi are some of the major driving factors which propels the growth of the market. Underlying opportunities for the Artificial Intelligence in Cybersecurity market includes the growing need for cloud based security solutions among SME’s and also increased use of social medial for business functions are some of the major driving factors which helps the artificial intelligence based securities market to grow further. Lack of skilled professionals and lack of awareness are some of the restraints which hinders the growth of the Artificial Intelligence Based Security market.

Impact of COVID-19 on the global artificial intelligence (AI) based security market:

As we all know, COVID-19 affected almost all industries, including small-scale and large-scale industries. However, due to this, the dependency on online businesses has increased significantly. The vendors of Artificial Intelligence-Based Security have experienced an increase in demand, and according to the analysis, the market will grow at an impeccable growth rate in the coming years.

REPORT COVERAGE:

This research report on the global artificial intelligence (AI) based security market is segmented and sub-segmented based on the offering, deployment type, security type, technology, application, end users, and region.

Global Artificial Intelligence (AI) Based Security Market - By Offering:

• Software

• Services

• Hardware

The software segment is expected to hold the dominance of the market and will continue to dominate during the outlook period.

Global Artificial Intelligence (AI) Based Security Market - By Deployment Type:

• On Premises Deployment Mode

• Cloud Deployment Mode

Among these segments, cloud deployment type segment is expected to hold the dominance of the market among the others during the forecast period.

Global Artificial Intelligence (AI) Based Security Market - By Security Type:

• Network Security            

• Endpoint Security            

• Application Security       

• Cloud Security  

Among these segments, the end point security segment holds the major share of the market and will dominate the market during the forecast period.

Global Artificial Intelligence (AI) Based Security Market - By Technology:

• Machine Learning           

• Natural Language Processing     

• Context Aware Computing

Global Artificial Intelligence (AI) Based Security Market - By Application:

• Identity And Access Management

• Risk And Compliance Management         

• Data Loss Prevention    

• Unified Threat Management

• Security And Vulnerability Management

• Antivirus And Antimalware         

• Fraud Detection and Anti-Fraud Detection          

• Intrusion Detection and Prevention System        

• Threat Intelligence         

• Firewall

Global Artificial Intelligence (AI) Based Security Market - By End User:

• Banking, Financial Services, Retail, Government and Defense      

• Manufacturing 

• Infrastructure   

• Enterprise          

• Healthcare         

• Automotive And Transportation

• Oil & Gas            

• Education And Energy   

The enterprise segment holds the major share of the market to since it ensures the safety of critical infrastructure and technological innovations.

Global Artificial Intelligence (AI) Based Security Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

North America AI Based Security market is the leading region since it is the early adopter of Artificial Intelligence and also the innovative technologies as banks, government agencies and financial institutes in the region face challenges which are related to the cyber threats helps the growth of the market. Asia Pacific region is expected to increase the market value owing to factors such as the growing inclination of government to adopt smart city concept growing awareness regarding various types of threats such as malware, denial, password breaches which are dissuading individuals from connecting to any public Wi-Fi which in turn increasing the uptake of personal Wi-Fi, increasing of investments by the major key players of the market helps to grow further in the Asia Pacific region.

KEY MARKET PARTICIPANTS:

The major companies operating in the global artificial intelligence based security market  include Dark Trace (UK), Cylance Inc. (US), Vectra AI, Inc. (US), Threat Metrix Inc. (US), Securonix Inc. (US), NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US)   

RECENT HAPPENINGS IN THE MARKET:

• NVIDIA Company has announced a new AI-based computer named Jetson Nano, which makes it possible to create millions of intelligent systems. Although it is a small but powerful CUDA X AI computer that delivers 472 GFLOPS of compute performance for running modern AI workloads, it is highly power efficient since it consumes 5 watts.

• Dark Trace Company partnered with Endaces Corporation, which combines Dark Trace’s cyber AI with Endace’s unparalleled forensic capabilities. This combined solution empowers organizations to discover in-progress attacks anywhere on the digital infrastructure with Dark Trace’s Artificial Intelligence.

• Symantec Company has announced new data loss prevention capabilities that make it easier for customers to protect confidential data from malicious, data-stealing apps and also help them meet regulatory compliance requirements.