Artificial Intelligence-based Security Market Predicted To Grow At A Moderate Pace Through 2025

This report provides in-depth analysis of artificial intelligence based security, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year

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Key companies covered as a part of this study include Honeywell International Inc., Aavid Thermalloy LLC., Vertiv Co., European Thermodynamics Ltd., Master Bond Inc., Laird PLC, Henkel AG & Company KGaA, Delta Electronics, Inc., Advanced Cooling Technologies, Inc., Dau Thermal Solutions Inc, and Amerasia International (AI) Technology Inc.

Artificial intelligence (AI) is group of methodology that focuses on formation of intelligent machines with the help of human intelligence such as visual perception, speech recognition, decision-making, and translation between languages. Artificial intelligence can also be utilized for controlling access to hardware, software, and data, along with protecting them from cyber-attacks and damage that may be caused through the Internet, data, and code injection.

Market Dynamics

Increasing adoption of Internet of things (IoT) is expected to drive growth of the global artificial intelligence based security market. Internet of things is used to protect and secure the network connecting IoT devices to back-end systems on the Internet. IoT security authenticates an IoT device by managing multiple users of a single device platform. Moreover, it ranges from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates, and biometrics. For instance, according to IHS Markit—a database provider—15.4 billion IoT connected devices were reported in 2015, across the globe. A unique technology called ‘User Pre-Shared Key’ (UPSK), is used for every device within the network to ensure IoT device security. .

North America accounted for the largest market share in 2016

North America held a dominant position in the global artificial intelligence based security market in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to rising cyber-attacks in this region. U.S. accounted for the major market share in the region, owing to constant cyber-attacks on industries such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$1.33 billion globally, in which, California witnessed the highest recorded loss with over US$ 255 million. Additionally, in 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany.

Detailed Segmentation:

Global artificial intelligence based security Market, By Offering:
◦ Hardware
◦ Software
◦ Services

Global artificial intelligence based security Market, By Deployment Type:
◦ Cloud Deployment
◦ On-premise Deployment

Global artificial intelligence based security Market, By Security Type:
◦ Network Security
◦ Endpoint Security
◦ Application Security
◦ Cloud Security

Global artificial intelligence based security Market, By Solutions:
◦ Identity and Access Management (IAM)
◦ Risk and Compliance Management
◦ Encryption
◦ Data Loss Prevention (DLP)
◦ Unified Threat Management (UTM)
◦ Antivirus/Antimalware
◦ Intrusion Detection/Prevention System (IDS/IPS)
◦ Others (Firewall, Security and Vulnerability Management, Disaster Recovery, DDOS Mitigation, Web Filtering, Application Whitelisting, and Patch Management)

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This release was published on openPR.