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Artificial Intelligence-based Security Market is Poised to Register 30.25% CAGR by 2025

Artificial Intelligence-based Security Market is Poised

United States/New Jersey: The artificial intelligence (AI) based security market was valued at US$ 2.94 billion in 2016 and is projected to reach US$ 31.49 billion by 2025, exhibiting a CAGR of 30.25% during the forecast period

Artificial Intelligence is quickly changing the way we protect our cyberspace. From personal security to complex corporate systems, Artificial Intelligence is playing an increasing role in the security and privacy of the web. Traditional security measures such as firewalls and software are rapidly being replaced by smarter systems, such as those that are currently being used in the banking industry. One of the key factors governing the development of the market is increasing number of security frauds and technology penetration. As per the Federal Trade Commission (FTC), in the U.S., around 4.8 million identity thefts and fraud are reported in 2020, increasing by 45% in 2019 with 3.3 million. Increased number of security fraud cases have necessitated the adoption of an efficient security system. Thus, such factors can augment growth of the artificial intelligence-based security market.

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This study contains data on the industry's market growth as well as major segmentation factors that assist the worldwide Artificial Intelligence-based Security Market thrive in the modern day. The study also highlight the significance of the worldwide Artificial Intelligence-based Security Market's geographical categorization. The global Artificial Intelligence-based Security Market will eventually generate more revenue and will have a larger market size than the previous projection period due to increased demand.

Major Key players in this Market:

Nvidia Corporation
Intel Corporation
Xilinx Inc.
Samsung Electronics Co. Ltd.
Micron Technology
IBM Corporation
Cylance Inc.
Threatmetrix
Securonix Inc.
Amazon
Sift Science
Acalvio Technologies
Skycure Inc.

Another key factor influencing future market development is the rampant growth in malware attacks across the cloud computing ecosystem. Ransomware is one of the most common malware that employs encryption to hold a victim’s information at ransom. Recently, in May 2021, Colonial Pipeline, a U.S.-based oil pipeline system suffered a ransomware cyber-attack, which impacted computerized equipment managing the pipeline. Hence, such factors can stimulate growth of the artificial intelligence-based security market. Recently, in January 2021, Dahua launched an AI-based video surveillance system and smart IoT systems.

There are two use cases for artificial intelligence-based security systems. The first is more of an off-the-shelf solution. Security vendors have been using such systems for decades, adapting them to the specific needs of their customers. For example, many firewalls use a standard configuration that requires the user to enter a password to gain access to the system. When it comes to regional impact, North America seems to be holding a dominant position in the artificial intelligence-based security market. This is typically due to a massive surge in cyber-attack cases as well as the presence of major cyber-security organizations in the U.S. Furthermore, Asia Pacific is a promising region for AI-based security due to the rapid adoption of machine learning in numerous sectors.

Some artificial intelligence-based security solutions are completely generic. These include components that can detect network attacks on the Internet and send alerts to authorized personnel. Other components are designed to act as a monitoring device that continuously monitors changes in networks to determine if any attacks are occurring. Due to the nature of such security systems, they are also often called malware or intrusion detection systems. That being said, there are several factors that can limit the potential market development. For instance, the lack of skilled AI professionals, especially in emerging economies remains one of the key challenges, which could potentially impede growth of the artificial intelligence-based security market.

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The Study Objectives of This Report Are:

SWOT Analysis focuses on global key manufacturers in order to define, the, and analyzing market competition landscape. Definition, description, and forecasting of the market by type, application, and region.
Analyze the market potential and advantage, opportunity and challenge, restraints and risks in the global and key regions.
Identify important trends and factors that are either driving or inhibiting market growth.
Stakeholders will be able to analyse market opportunities by identifying high-growth segments.
To conduct a strategic analysis of each submarket in terms of individual growth trends and market contribution.
To Analyze Competitive Developments Such as Expansions, Agreements, New Product Launches, And Acquisitions in The Market
To develop a strategic profile of the key players and conduct a thorough analysis of their growth strategies.

Contact Us:

Mr. Raj Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.

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