Artificial Intelligence in Security Market: Meticulous Research Projects CAGR of above 22.9% to Register Market Revenue Exceed $50 Billion by 2027

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.

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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.

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.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including 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.)

Browse In-depth report with list of tables and figures accross 135 pages: https://www.meticulousresearch.com/product/artificial-intelligence-in-security-market-4991/

Artificial Intelligence in Security Market Segmentation:

AI in Security Products
Hardware
Software
Services

AI in Security Types
Endpoint Security
Network Security
Application Security
Cloud Security

AI in Security Technologies
Machine Learning
Natural Language Processing (NLP)
Context Awareness Computing

AI in Security 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

AI in Security End-Users
Enterprise
BFSI
Government & Defense
Retail
Healthcare
Manufacturing
Automotive & Transportation
Infrastructure
Others

Browse Full Market Segmentation: https://www.meticulousresearch.com/download-sample-report/cp_id=4991

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