The artificial intelligence services in security market is anticipated to grow at a significant CAGR of 19.0% during the forecast period (2022-2028). Artificial intelligence as a service (AIaaS) refers to off-the-shelf AI products that allow businesses to implement and expand AI approaches for a fraction of the cost of a full-fledged AI department. In security solutions, AI software integrates endpoint data and analytics to obtain threat information, which assists in detecting and exposing an attack in a specific cyber environment. As the number of cybersecurity threats and cybercrimes grows, the demand for protecting personal data increases. Businesses are increasingly susceptible to such cyber-attacks as the adoption of connected devices and apps increases since they are connected to a large number of disparate endpoints. With its proactive threat mitigation capabilities, AI in security offers an intriguing solution, which is required for ongoing supervision and adaptability to the multifarious security risks that modern digitalized economies confront. Factors such as the growing need for technologies, such as AI, machine learning, and deep learning to combat evolving threats and advanced persistent threats that remain undetected within the network and steal data, as well as the increasing number of security breaches and BYOD trends, are expected to drive the growth of AI services in security market.
The global AI services in security market is segmented based on service type, security type, deployment, and end-user. Based on service type, the market is sub-segmented into professional and managed. Based on the security type, the market is sub-segmented into network security, application security, and cloud security. Based on the deployment, the market is sub-segmented into on-premise and cloud. Based on end-user, the market is sub-segmented into government & defense, retail, BFSI, manufacturing, healthcare, and automotive & transportation Among these end-users, the BFSI segment is expected to propel the growth of the market due to the rise in the adoption of AI-based security solutions that have helped to improve banking services.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Artificial Intelligence Technology Solutions, Inc. announced that one of the largest privately-held energy firms in the US has placed an order for four ROSA security robots through its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD). ROSA is a security and communication system that is small, self-contained, and portable, and can be set up in under 15 minutes. It, like previous RAD products, merely needs electricity as it comes with all of the essential communications gear. Human and vehicle identification, license plate recognition, responsive digital signage and voice messaging, and comprehensive integration with RAD’s software suite notification and autonomous reaction library are all part of ROSA’s AI-driven security analytics.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Service Type
- By Security Type
- By Deployment
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- IBM Corp., Facebook Inc., F-Secure Corp., Tech Mahindra Ltd., Cisco Systems Inc., Nvidia Corp., Samsung Electronics Co., Ltd., Broadcom Inc. (a subsidiary of Symantec Corp.), and Fortinet Inc., among others.
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Global AI Services in Security Market Report by Segment
By Service Type
- Professional
- Managed
By Security Type
- Network Security
- Application Security
- Cloud Security
By Deployment
- On-Premise
- Cloud
By End-User
- Government & Defense
- Retail
- BFSI
- Manufacturing
- Healthcare
- Automotive & Transportation
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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