Artificial Intelligence in Security Market Revenue Exceed $50 Billion by 2027: Meticulous Research®

Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Security Type (Network Security, Application Security), Technology (Machine Learning, NLP, Context Awareness,), Solution, End-User, and Region - Global Forecast to 2024.

Over the years, the tools for cybersecurity and associated technologies have evolved multifold. However, with this, the sophistication of cyberattacks has also evolved. Today, cybercriminals are rapidly adapting their strategies to create new threats with higher probability of success. As cybersecurity industry moves towards next generation of threat prevention, detection, and management solutions, artificial intelligence is gaining greater importance among industry stakeholders. Artificial intelligence has become a game-changer for cybersecurity in detecting potential threats; thus, securing the organizations from multidimensional cyberthreats. With the advancement of AI technologies, it can be used to counter threats from malicious software bots and making networks less vulnerable. Meticulous Research® in its latest publication on Artificial Intelligence in the Security market states that the market will increase at a CAGR of 22.9% from 2019 to 2027 to exceed market revenue beyond $50 billion by 2027.

The growth of the global artificial intelligence in the security market is mainly attributed to widening the adoption of IoT technology, high proliferation of smart devices, rising incidences of cyber threats, growing concerns regarding data privacy, and increasing vulnerability of networks to cyberattacks. In addition, surging cyber terrorism and rising mobile malware attacks are providing significant opportunities for the implementation of artificial intelligence solutions for cybersecurity in the coming years.

To provide efficient analysis, Meticulous Research has segmented this market on the basis by offering (hardware, software, services), by security type (endpoint security, network security, application security, cloud security), by technology (machine learning, natural language processing, context awareness computing), by solutions (identity and access management, risk and compliance management, encryption, data loss prevention, unified threat management, antivirus/antimalware, intrusion detection/prevention system, others), by end-user (enterprise, BFSI, government & defense, retail, healthcare, manufacturing, automotive & transportation, infrastructure, others), and by region.

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Artificial Intelligence in Security Market Geographic Analysis
Geographically, North America commanded the largest share of this market followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The major share of North America is mainly attributed to the presence of developed industries in the region that are facing ever-increasing challenges related to cyberattacks. In addition, the growing adoption of advanced technologies and government initiatives and funding towards strengthening digital security is expected to help market growth throughout the forecast period. However, Asia-Pacific region is promising fastest growth of artificial intelligence in security market. Factors such as rapid digitization initiatives in different sectors of the economies, consistently growing penetration of internet, growing awareness towards cyberattacks and empowering cyber-laws in developing countries such as China and India are encouraging the growth of the artificial intelligence in security market in the Asia-Pacific region.

Based on technology, the machine learning segment is expected to witness rapid growth during the forecast period, owing to its ability to collect and handle big data and quickly scan, parse, and react to anomalies. However, the context awareness computing segment is expected to witness rapid growth during the forecast period, as it helps in preventing unauthorized access to data, improve security decisions, automatically collect and analyze data to guide responses, and support dynamic business & IT environments.

Based on security type, endpoint security accounted for the largest share of the global artificial intelligence in security market. The large share of this segment is mainly attributed to the rapidly increasing number of connected devices worldwide.

Artificial Intelligence in Security Market Key Players
The major players operating in the global artificial intelligence in security 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.)

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Key Topics Covered In Artificial Intelligence in Security Market
1. Introduction
1.1. Market Definition
1.2. Scope of Study
1.3. Market Ecosystem
1.4. Currency and Limitations
1.4.1. Currency
1.4.2. Limitations
1.3. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
2.1.4. Assumptions

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.2.5. Trends
4.3. Market Share Analysis, by Key Player
4.4. Regulatory Analysis

5. Artificial Intelligence in Security Market, by Offering
5.1. Introduction
5.2. Hardware
5.3. Software
5.4. Services
5.4.1. Consultation Services
5.4.1. Training & Installation
5.4.2. Maintenance & Support

6. Artificial Intelligence in Security Market, by End-User
6.1. Introduction
6.2. Enterprise
6.3. BFSI
6.4. Government & Defense
6.5. Retail
6.6. Healthcare
6.7. Manufacturing
6.8. Automotive & Transportation
6.9. Infrastructure
6.10. Others

7. Artificial Intelligence in Security Market, by Security Type
7.1. Introduction
7.2. Endpoint Security
7.3. Network Security
7.4. Application Security
7.5. Cloud Security

8. Artificial Intelligence in Security Market, by Technology
8.1. Introduction
8.2. Machine Learning
8.3. Natural Language Processing (NLP)
8.4. Context Awareness Computing
8.5. Others

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9. Artificial Intelligence in Security Market, by Solutions
9.1. Introduction
9.2. Identity and Access Management (IAM)
9.3. Risk and Compliance Management
9.4. Encryption
9.5. Data Loss Prevention (DLP)
9.6. Unified Threat Management (UTM)
9.7. Antivirus/Antimalware
9.8. Intrusion Detection/Prevention System (IDS/IPS)
9.9. Others

10. Artificial Intelligence in Security Market, by Geography
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. U.K.
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. South Korea
10.4.4. India
10.4.5. Australia
10.4.6. Rest of APAC
10.5. Rest of World
10.5.1. Latin America
10.5.2. Middle East and Africa

11. Competitive Landscape
11.1. Introduction
11.2. New Product Launches
11.3. Acquisition and Mergers
11.4. Agreements, Collaborations, and Partnerships

12. Company Profiles (Business Overview, Financial Overview, Products Portfolio, Strategic Developments)
12.1 Acalvio Technologies, Inc.
12.2 Amazon.Com, Inc.
12.3 Cylance Inc.
12.4 Darktrace Limited
12.5 IBM Corporation
12.6 Intel Corporation
12.7 Micron Technology
12.8 Nvidia Corporation
12.9 Samsung Electronics Co., Ltd.
12.10 Securonix, Inc.
12.11 Sift Science
12.12 Skycure Inc.
12.13 Sparkcognition Inc.
12.14 Threatmetrix Inc.
12.15 Xilinx Inc.

13. Appendix
13.1. Questionnaire
13.2 Available Customization

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