Artificial Intelligence In Security Market
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What Will the Artificial Intelligence In Security Industry Market Size Be by 2025?
In recent times, the market size for artificial intelligence in security has seen impressive growth. It is projected to expand from a value of $27.2 billion in 2024 to an estimated $32.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.0%. Factors that contribute to this growth during the historic period include an influx of cybersecurity threats, widespread use of cloud computing, an increase in Internet of Things (IoT) devices, a scarcity of cybersecurity professionals, along with a rise in e-commerce and online transactions.
What’s the Long-Term Growth Forecast for the Artificial Intelligence In Security Market Size Through 2029?
It is anticipated that the market size of artificial intelligence in security will undergo significant expansion in the upcoming years. The market is predicted to surge to $77.2 billion in 2029 with a compound annual growth rate (CAGR) of 24.0%. The projected growth during this period can be attributed to several factors including the increased awareness of cybersecurity significance, the focus on zero trust security models, escalation in insider threats and data breaches, rising incidence of sophisticated persistent threats, and the growing necessity for automated security solutions. The forecast period will also witness major trends such as advancements in machine learning algorithms, the incorporation of artificial intelligence in the latest firewalls and autonomous cybersecurity operations, the involvement of artificial intelligence in endpoint security, and the use of AI in analyzing behavior for threat detection.
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What Are the Key Growth Drivers Fueling the Artificial Intelligence In Security Market Expansion?
The escalating threat of cyberattacks is projected to fuel the expansion of artificial intelligence in the security industry. Cyberattacks encompass any efforts to infiltrate a computer, computing system, or network with harmful intentions. Phishing is a specific cybersecurity assault wherein individuals are deceived into downloading malware, revealing personal data, and thereby exposing themselves or their organizations to potential criminal activities. Businesses aiming to fortify their protections and adapt to evolving threats and cyber-attacks stimulate the need for advanced artificial intelligence security solutions. These solutions apply a variety of data protection techniques, including encryption, anomaly detection, and behavior analysis. For example, in June 2022, the Anti-Phishing Working Group, an independent US-based counter e-crime organization, reported a total of 1,025,968 phishing attacks in the first quarter of 2022. This reflects a 15% increase from the fourth quarter of 2021, during which 888,585 attacks were recorded. Consequently, the rising threat of cyberattacks propels the development of artificial intelligence within the security industry.
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What Are the Key Trends Driving Artificial Intelligence In Security Market Growth?
The adoption of latest technological advancements is emerging as a prominent trend within the artificial intelligence security market. To maintain a stronghold in the marketplace, major corporations engaged in this field are leveraging advanced tech solutions. As an example, in March 2023, the US’s technology giant, Microsoft Corporation, introduced Security Copilot, a cybersecurity assistant tool powered by AI. This groundbreaking tool assists professionals in identifying and analyzing breaches and threat signals more effectively. The tool encases Microsoft’s cybersecurity-specific training model which is constructed around 65 trillion daily alerts and the company’s global threat intelligence. Security Copilot is designed to offer guidance and context about possible hazards in response to queries and prompts from infosec professionals within minutes, not hours or days.
How Is the Artificial Intelligence In Security Market Segmented?
The artificial intelligence in securitymarket 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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Which Companies Are Leading the Charge in Artificial Intelligence In Security Market Innovation?
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.
Which Regions Are Leading the Global Artificial Intelligence In Security Market in Revenue?
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
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