The global artificial intelligence in security market is anticipated to grow at a CAGR of 16.8% during the forecast period (2022-2028). Businesses are growing increasingly vulnerable as a result of the rise of connected enterprises, devices, and applications, as they are connected to a large number of disparate endpoints. As a result, AI in security is tempting due to its proactive threat mitigation skills, which are required for ongoing monitoring and adaptation to the complex security vulnerabilities that the modern digitalized economy faces, therefore the artificial intelligence in security market is anticipated to grow at a rapid pace.
With malware becoming increasingly clever, artificial intelligence and machine learning approaches are required to combat such harmful software. Antivirus and anti-malware are both included in the word AI-based security. Security is becoming more of a nuisance for everyone from CEOs to normal consumers, who are both targeted by phishing schemes and hackers wanting to access important data.
According to the Consumer Technology Association, artificial intelligence applications are being used by 44% of enterprises across the globe to detect and prevent security breaches. In security, artificial intelligence improves the system’s efficiency and precision in detecting any potential threat in the organization’s system. Furthermore, as businesses increasingly utilize the internet to do most of their duties, employees are being compelled to stay online for longer periods and generate more data, increasing the danger of cyber-attacks and hacking. As a result of machine learning and AI, that data peak might be whittled down in a fraction of the time, allowing the company to identify and recover from the security problem.
AI and its applications enable users to protect any system by generating real-time alerts that may be used to limit risk. These systems are being trained using the data accessible within the businesses. Threats and malware can be proactively averted rather than just discovered with the use of machine learning and AI. During the anticipated term, this helps to create a large market opportunity for artificial intelligence in the security sector.
Some major players in the market include Cisco Systems, Inc, Fortinet, Inc, IBM Corporation, Micron Technology, Inc, and Tech Mahindra Limited, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. Cisco Systems, Inc offers AI-based security in which it detects attacks by continuously monitoring network behavior for irregularities. To detect major occurrences, artificial intelligence software process huge volumes of data in near real-time. Insider threats, undiscovered malware, and policy infractions can all be detected using these tactics.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Security Type
- By Service
- By End-User Industry
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Cisco Systems, Inc, Fortinet, Inc, IBM Corporation, Micron Technology, Inc, Tech Mahindra Limited, among others.
A full report Artificial Intelligence in Security Market of is available at: https://orionmarketreports.com/artificial-intelligence-in-security-market/97811/
Global Artificial Intelligence in Security Market Report by Segment
By Security Type
- Network
- Application
- Cloud
- End-Point
By Service
- On-Premise
- Cloud
By End-User Industry
- Government & Defense
- Retail
- BFSI
- Manufacturing
- Healthcare
- Others
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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