Artificial Intelligence In Security Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Artificial Intelligence In Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Artificial Intelligence In Security Global Market Report 2024, 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.

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.

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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

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.

The artificial intelligence in security market report table of contents includes:

 

1. Executive Summary
2. Artificial Intelligence In Security Market Characteristics
3. Artificial Intelligence In Security Market Trends And Strategies
4. Artificial Intelligence In Security Market – Macro Economic Scenario
5. Global Artificial Intelligence In Security Market Size and Growth

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32. Global Artificial Intelligence In Security Market Competitive Benchmarking
33. Global Artificial Intelligence In Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In Security Market
35. Artificial Intelligence In Security Market Future Outlook and Potential Analysis
36. Appendix

Top Major Players:

• Intel Corporation
• Cisco Systems Inc
• Broadcom Inc.
• Nvidia Corporation
• VMware Inc

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