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AI in Security Market

AI in Security Market

AI in Security Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

135

Base Year:

2021

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1357

Segments Covered
  • By Security Type Network Security, Application Security, Cloud Security
  • By Service Professional Services, Managed Services
  • By Deployment On-premise, Cloud
  • By End-user Industry Government & Defense, Retail, BFSI, Manufacturing, Healthcare, Automotive & Transportation, Other End-user Industries
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 5,747.20 USD Million
Revenue 2028Revenue 2028: 14,517.15 USD Million
Revenue CAGRRevenue CAGR (2022 - 2028): 16.70%
Fastest Growing Region Fastest Growing Region (2022 - 2028) 2,189.68 USD Million
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
AI in Security Market Share

AI in Security Market- By Security type, Service, Deployment, and End-user industry.

Market Synopsys

Global AI in Security market is valued at 5,747.20 USD Million in 2021 and is projected to reach a value of 14,517.15 USD Million by 2028 at a CAGR of 16.70% over the forecast period.

Rising hazards faced by the global businesses can be decreased by integration of AI into the cyber security systems which is increasing the demand of AI in Security market during the forecast period. The growing innovations in Artificial Intelligence and Machine learning are the major factors for driving the AI in Security market in the upcoming years. Moreover, AI is highly adopted in various industries and applications in the recent times which is increasing the demand of AI in the years to come. Increasing adoption of Wi-Fi networks which is highly unprotected to security threat, rising variety of mobile malware are also contributing towards the expansion of AI in Security and substantially increasing the demand for AI in various businesses and drives the growth of AI in Security market in the upcoming years. The Ai in Cyber security market is assisting various businesses in reporting, monitoring, opposing and detecting cyber threats to sustain the privacy of data which is which is increasing the demand of AI during the forecast period. Increase in the investments in technology sector like, guidance systems, driverless tractors, GPS sensing system, and motivation of government for using precision farming market during the forecast period. The growth in the adoption of connected devices and computer power technology are driving the AI in Security market growth during the forecast period.

AI in Security Market Size, 2021 To 2028 (USD 14,517.15 Million)

Market Segmentation:

The AI in Security market is segmented on the basis of Security type, Service, Deployment, and End-user industry. On the basis of Security type, the market is segmented as Network security, Application Security and Cloud Security. By Service the market is segmented as Professional Service, and Managed Services. By Deployment type the market is segmented as On-Premise, and Cloud. On the basis of end-user Industry the market is segmented as Government, BSFI, Manufacturing, Healthcare, automotive and Transport, and other end-user industry.

Below tree is interactive. You can click the nodes to get more information.

The BSFI segment acquires the largest market share during the forecast period

Based on the end-user industry, in 2021, the BSFI segment holds the largest share of Artificial Intelligence in the cybersecurity market. The largest share of BSFI sector is primarily attributed to the growing sophistication levels of the cyber-attacks, rise in the number of banking and financial frauds, and hacking and mounting number of cyber attacks in financial and banking services sector. Furthermore, the manufacturing sector is projected to grow at the highest CAGR during the forecast period.

On-Premise segment holds the largest market share during the forecast period

Based on deployment type, in 2021, the on-premise sector is accounted for largest share of the artificial intelligence in the market of cybersecurity during the forecast period. The holding of largest share of this segment is primarily attributed to increasing concerns towards expanding the internal systems, security concerns related to cloud deployment, and growth in the demand for advanced security application software among various industries are driving the AI in Security market growth in the years to come.

North-America region holds the largest share of Ai in Security market during the forecast period

The North America region acquires the largest market share during the forecast period. The motivation of government towards the development of Artificial intelligence technology is the major factor driving the growth of Ai in security market in the years to come. The presence of key players in the region, availability of skilled expertise, and growth in the adoption of AI technology-based solutions like retail, BFSI, manufacturing, and government are some of the other prime factors which are projected to drive the growth of AI in the security market in the upcoming years.

Asia Pacific region is expected to be the fastest-growing market in the AI in Security market during the forecast period. Japan, China, South Korea, and India are the major revenue generator countries in the Asia Pacific region. Moreover, China has invested approximately 48% in the funding of Artificial Intelligence and have started growing skilled expertise in machine learning, and deep learning technology which is driving the growth of the AI in Security in the Asia Pacific region during the forecast period.

Competitive Landscape

The presence of key players in the AI in Security market are implementing various strategies for the growth of Artificial Intelligence in businesses to avoid exposure of data and to keep it safe. Some of the major key players in the AI in Security market are IBM Corporation, Facebook Inc, F-Secure Corporation, Tech Mahindra Limited, Cisco Systems Inc, Nvidia Corporation, Samsung Electronics Co., Ltd, Xilinx, Inc, ThreatMetrix Inc (RELX Group), Broadcom Inc. (Symantec Corporation), Fortinet, Inc, Juniper Network, Inc, Micron Technology, Inc.

AI in Security Market is segmented as follows:

Parameter Details
Segments Covered
  • Security Type (Network Security, Application Security, Cloud Security)
  • Service (Professional Services, Managed Services)
  • Deployment (On-premise, Cloud)
  • End-user Industry (Government & Defense, Retail, BFSI, Manufacturing, Healthcare, Automotive & Transportation, Other End-user Industries)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Acalvio Technologies Inc. (U.S.)
  • Amazon.Com Inc. (U.S.)
  • Cylance Inc. (U.S.)
  • Darktrace Limited (U.K)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Micron Technology (U.S.)
  • Nvidia Corporation (U.S.)
  • Samsung Electronics Co. Ltd. (South Korea)
  • Securonix Inc. (U.S.)
  • Sift Science (U.S.)
  • Skycure Inc. (U.S.)
  • Sparkcognition Inc. (U.S.)
  • Threatmetrix Inc. (U.S.)
  • and Xilinx Inc. (U.S.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

AI in Security Market is tabulated as follows:

FAQ
Frequently Asked Question
  • The global AI in Security valued at 5,747.20 USD Million in 2020 and is expected to reach 14,517.15 USD Million in 2028 growing at a CAGR of 16.70%.

  • The prominent players in the market are Acalvio Technologies, Inc. (U.S.), Amazon.Com, Inc. (U.S.), Cylance Inc. (U.S.), Darktrace Limited (U.K), IBM Corporation (U.S.), Intel Corporation (U.S.), Micron Technology (U.S.), Nvidia Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Securonix, Inc. (U.S.), Sift Science (U.S.), Skycure Inc. (U.S.), Sparkcognition Inc. (U.S.), Threatmetrix Inc. (U.S.), and Xilinx Inc. (U.S.).

  • The market is project to grow at a CAGR of 16.70% between 2021 and 2028.

  • The driving factors of the AI in Security include

    • growing innovations in Artificial Intelligence and Machine learning

  • North America was the leading regional segment of the AI in Security in 2020.