Artificial Intelligence (AI) in Security Market 2020 Security Type, Emerging Technology, Application, Trends, Growth Opportunity, Challenges, Approaches, Revenue Analysis & Forecast 2025
The growing use of mobile devices and rising malware attacks, and an increase in the need to reduce time and costs for threat detection are also some of the key factors fueling the demand for AI security solutions and services.
Dallas, United States – October 30, 2020 /MarketersMedia/ —
The global AI security market size is projected to reach above USD 24 billion by 2025. With the emergence of the internet of things (IoT) and changing digitization landscape, the organizations are experiencing numerous benefits and facing issues as well. The technological advancements have brought various advantages and enhanced business efficiencies and processes. However, at the same time, it is impacting businesses negatively. The rising systems complexities and security issues are the key reasons behind the negative effects of technology.
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The enhanced improvements in computing power, continuous innovation in machine learning (ML) methods and artificial intelligence (AI) technologies and increase in big data have become universal. The system provides network and computer security. For the detection the issues with malware, network and other threats, these type of systems can be used.
The credit for the market growth for AI security can be given to the factors like increase in the adoption of cloud-based services and IoT devices. Additionally, there other key factors as well that are fueling the demand for AI security services such as the rise in malware attacks, emerging use of mobile devices and an increase in the need to reduce costs and time for threat detection.
The overall AI security market’s growth have also been supported by the increase in investments and support in the AI and related technologies by the government and organizations. Along with the numerous benefits, the organizations are experiencing some issues as well. The main reason for this is the changing digitization landscape and emergence of the internet of things (IoT). Still due to the improvement in artificial intelligence (AI) technologies the situation is getting better day by day. Furthermore, the deployment of cameras to monitor the surroundings have been done by many organizations these days. Because of the continuous monitoring the security team of the organizations have a huge amount of operational data to deal with. This results into making the other business processes inefficient. Therefore, to deal with such situations the adoption of AI and ML is being done by many cybersecurity professionals and organizations.
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The market can be classified on the basis of various factors such as region, type, applications, vertical, etc. On the basis of components there are two main categories such as platform and services. In security systems AI can be used for various applications like Fraud Detection, Risk and Compliance Management, Antivirus/Antimalware, Unified Threat Management, Identity and Access Management, etc. The AI in security market has its impact all over the globe.
The Asia-Pacific region is expected to experience the fastest growth with 32.1% CAGR over the forecast period. The growth of this segment is mainly attributed to the booming penetration of smartphones and the swelling number of internet users in this region. In addition, an increase in the need to meet the requirements of modern application development is also one of the major factors fuelling the demand for AI security. Furthermore, the increase in the number of startups is also one of the key reasons behind the market growth of the Asia-Pacific region.
The major players of the global AI security market are Amazon.Com, Inc., Fortinet, Google (Alphabet Inc.), IBM Corporation, Intel Corporation, Micron Technology Inc., Nvidia Corporation, Palo Alto Networks Inc., Samsung Electronics Co., Ltd., Symantec. Moreover, the other potential players in the AI security market are, Acalvio Technologies, Inc., Cylance Inc., Darktrace, Securonix, Inc., Sift Science, Sparkcognition Inc., Threatmetrix Inc., Xilinx Inc. As of 2019, the market for AI security is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are coming up with new strategies and innovative AI security solutions. For instance, Amazon announced the launch of Amazon Fraud Detector in its Invent 2019 conference held in Las Vegas. Amazon Fraud Detector leverages machine learning and AI to detect potential online frauds such as fake accounts and online payment frauds.
Segment Overview of Global AI security Market
Component Overview, 2018-2025, (in USD Billion)
• Platform
• Services
Applications Overview, 2018-2025, (in USD Billion)
• Identity and Access Management
• Unified Threat Management
• Antivirus/Antimalware
• Risk and Compliance Management
• Fraud Detection
• Others
Industry Vertical Overview, 2018-2025, (USD Billion)
• BFSI
• Retail
• IT & Telecommunication
• Automotive & Transportation
• Manufacturing
• Government & Defence
• Others
Regional Overview, 2018-2025, (USD Billion)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• Middle East and Africa
• UAE
• South Africa
• MEA
• South America
• Brazil
• Argentina
• Rest of South America
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