Press release
Global Artificial Intelligence In Security Market Projected to Surpass $78.34 Billion by 2029 with 24% Annual Growth
Which drivers are expected to have the greatest impact on the over the artificial intelligence in security market's growth?The artificial intelligence security sector's expansion is likely to be fueled by the escalating threats of cyberattacks. A cyberattack refers to any attempt to infiltrate a computer, computer system, or network with the intention to inflict damage. One such cyber threat is phishing, where users are deceived into downloading malicious software, revealing their personal details, or placing themselves or their business in danger of illegal activities. This prompts organizations to boost their protective measures and respond to dynamic threats and cyber infiltrations, fueling the need for progressive AI security solutions. These solutions offer data protection through various methods such as encryption, deviation detection, and behavior analysis. For instance, the independent counter-e-crime association based in the US, the Anti-Phishing Working Group, reported a total of 1,025,968 phishing attacks in the first quarter of 2022. This was a 15% increase from the fourth quarter of 2021, with 888,585 reported attacks. Consequently, the escalating cyberattack risks are promoting the growth of AI in the security sector.
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What is the future CAGR of the artificial intelligence in security market, and how will it impact industry expansion?
The market for artificial intelligence in security has seen booming expansion in the past few years. It is set to rise from $27.2 billion in 2024 to a substantial $32.9 billion in 2025 with a compound annual growth rate (CAGR) of 20.9%. The spike in growth during the historical period is due to factors such as heightened cybersecurity threats, increased reliance on cloud computing, the multiplication of internet of things (IoT) devices, lack of cybersecurity experts, as well as the broadening of e-commerce and online financial transactions.
Anticipations are high for the artificial intelligence in security marketplace to experience massive expansion in the years to come. The market size is predicted to escalate to $78.34 billion by 2029, rising at a compound annual growth rate (CAGR) of 24.2%. This expected growth during the forecast period can be linked to the increasing recognition of cybersecurity's significance, a focus on zero trust security paradigms, the surge in internal threats and data breaches, an upsurge in advanced persistent threats, and a rising demand for automated security solutions. The key trends that will mark the forecast period are progress in machine learning algorithms, the combination of AI with next-gen firewalls, incorporation of AI in autonomous cybersecurity procedures, integration of AI into endpoint security, and the use of AI-powered behavioural analysis for threat detection.
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What are the most significant trends transforming the artificial intelligence in security market today?
The adoption of novel technologies in the artificial intelligence in security market is a prevailing trend gaining traction. Many leading companies in the artificial intelligence in security market are integrating superior technologies to maintain their market dominance. An example of this is Microsoft Corporation, a technology firm based in the USA, which introduced Security Copilot, a cybersecurity assistant tool powered by AI, in March 2023. This cutting-edge tool aids professionals in detecting breaches and threat signals while improving data analysis. The tool encompasses Microsoft's cybersecurity-specific learning model, which processes 65 trillion daily alerts and is integrated with the company's global threat intelligence. Security Copilot has the capability to offer guidance and context in relation to potential threats based on queries and prompts by infosec professionals, reducing the response time from hours or even days to mere minutes.
Which key market segments comprise the artificial intelligence in security market and drive its revenue growth?
The artificial intelligence in security market covered in this report is segmented -
1) By Component: Services, Software
2) By Solutions: Identity And Access Management (IAM), Risk And Compliance Management, Encryption, Data Loss Prevention (DLP), Unified Threat Management (UTM), Antivirus Or Antimalware, Intrusion Detection Or Prevention System (IDS Or IPS), Other Solutions
3) By Deployment: On-Cloud, On-Premise
4) By Security Type: Network Security, Application Security, Cloud Security, Endpoint Security , Other Security Types
5) By End-Users: Enterprise, BFSI (Banking, Financial Services, And Insurance), Government And Defense , Retail, Healthcare, Manufacturing , Automotive And Transportation, Infrastructure, Other End-Users
Subsegments:
1) By Services: Consulting Services, Integration Services, Managed Services
2) By Software: Threat Intelligence Software, Intrusion Detection Systems (IDS), Security Information And Event Management (SIEM), Identity And Access Management (IAM), Endpoint Security Software, Network Security Software
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What regions are at the forefront of artificial intelligence in security market expansion?
North America was the largest region in the artificial intelligence in security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the artificial intelligence in security market?
Major companies operating in the artificial intelligence in security market include 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.
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What Is Covered In The Artificial Intelligence In Security Global Market Report?
• Market Size Forecast: Examine the artificial intelligence in security market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence in security market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence in security market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence in security market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence in security market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence in security market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence in security market.
• Competitive Landscape: Review strategic developments in the artificial intelligence in security market, including expansions, agreements, and new product launches.
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