Artificial Intelligence In Security Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence In Security Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The artificial intelligence in security market size has grown exponentially in recent years. It will grow from $22.7 billion in 2023 to $27.76 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The growth in the historic period can be attributed to increased cybersecurity threats, rising adoption of cloud computing, proliferation of internet of things (iot) devices, shortage of cybersecurity professionals, expansion of e-commerce and online transactions.

The artificial intelligence in security market size is expected to see exponential growth in the next few years. It will grow to $62.13 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to awareness of the importance of cybersecurity, emphasis on zero trust security models, rise in insider threats and data leaks, escalation of advanced persistent threats, growing need for automated security solutions. Major trends in the forecast period include advancements in machine learning algorithms, integration of ai in next-generation firewalls, integration of ai in autonomous cybersecurity operations, integration of ai in endpoint security, ai-driven behavioral analytics for threat detection.

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Market Drivers and Trends:

The increasing risks of cyberattacks are expected to propel the growth of artificial intelligence in the security market going forward. A cyberattack is any attempt to gain access to a computer, computing system, or network to cause harm. Phishing is a type of cybersecurity attack where users are tricked into installing malware, disclosing personal information, and putting themselves or their companies at risk of criminal activity. Organizations trying to strengthen their defenses and react to changing threats and cyber-attacks encourage the demand for advanced artificial intelligence security solutions as they use methods for protecting data, such as encryption, anomaly detection, and behavior analysis. For instance, in June 2022, according to the Anti-Phishing Working Group, a US-based independent counter-e-crime association, in the first quarter of 2022, the Anti-Phishing Working Group recorded a total of 1,025,968 phishing attacks, a 15% rise from the fourth quarter of 2021, where 888,585 attacks were reported. Therefore, the increasing risks of cyberattacks drive the growth of artificial intelligence in the security market.

Advancements in technology are a key trend gaining popularity in the artificial intelligence in security market. Major companies operating in artificial intelligence in security markets are adopting advanced technologies to sustain their position in the market. For instance, in March 2023, Microsoft Corporation, a US-based technology corporation, launched Security Copilot, an AI-powered cybersecurity assistant tool. This innovative tool is designed to help professionals identify breaches and threat signals and better analyze data. The new device contains Microsoft's cybersecurity-specific training model, which incorporates 65 trillion daily alerts and the company's worldwide threat intelligence. Security Copilot can provide direction and context regarding potential dangers based on questions and prompts from infosec professionals in minutes instead of hours or days.

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Major Key Players of the Market:

Intel Corporation, The International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Nvidia Corporation, VMware Inc., Singapore Telecommunications Limited, Palo Alto Networks Inc., Advanced Micro Devices Inc., Fortinet Inc., Splunk Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., Kaspersky Lab Inc., BlackBerry Limited, Rapid7 LLC, Symphony Technology Group LLC, Mandiant, Darktrace Inc., Cybereason, SentinelOne Inc., Securonix Inc., Vectra AI Inc.

Artificial Intelligence In Security Market 2024 Key Insights:

• The artificial intelligence in security market size is expected to see exponential growth in the next few years. It will grow to $62.13 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%.
• Artificial Intelligence's Vital Role In Mitigating Growing Cyberattack Risks
• Innovative Strides In Ai-Powered Security Solutions
• North America was the largest region in the artificial intelligence in security market in 2023

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