Artificial Intelligence Based Security Market Size, Share, Trends, Growth and Forecast 2026

Artificial Intelligence Based Security Market

Artificial Intelligence Based Security Market – By Security Type (Network Security, Cloud Security, and Application Security), By End-User (Government & Defense, Automotive & Transportation, BFSI, Healthcare, Retail, and Manufacturing), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 130 Report Code: ZMR-6337 Published Date: May-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 5.1 Billion USD 14.2 Billion 17.91% 2020

Artificial Intelligence Based Security Market

Artificial Intelligence Based Security Market Size

The global Artificial Intelligence Based Security market, which was estimated at about 5.1 (USD Billion) in 2019 and is predicted to accrue earnings worth 14.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 17.91% during 2020-2026.

The report offers valuation and analysis of the Artificial Intelligence Based Security market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Artificial Intelligence Based Security Market: Outlook

Artificial Intelligence has the ability to carry out similar tasks that are performed by human intelligence like speech recognition, language translation, visual perception, and decision making. The convergence of Cybersecurity, AI, and physical security has created a buzz and this has generated innovations in the field of security tools.

This has prompted the demand for smart security solutions, thereby enhancing the popularity of AI-based security systems across various industries. With IoT becoming a ubiquitous trend, the market for artificial intelligence-based security is likely to accelerate over the upcoming years.

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Artificial Intelligence Based Security Market: Growth Dynamics

The rise in the number of connected equipment will steer the expansion of the artificial intelligence-based security industry over the forecast timeline. In addition to this, the use of artificial intelligence in security systems is anticipated to enhance system accuracy and can determine the potential threat to any security system. This, in turn, will make the use of AI tools more popular in security systems as it will reinforce security.

The growing menace of cyber security threats and hacking incurring huge data losses as well as financial losses for the firms will create lucrative growth avenues for the artificial intelligence-based security industry over the assessment timespan. Furthermore, the need for strengthening the security of banking services as well as financial institutes will proliferate the size of the artificial intelligence-based security market over the anticipated timeframe.

Moreover, the need for providing strong security to eCommerce websites for ensuring secured transactions is likely to translate into the humungous growth of the artificial intelligence-based security industry over the forecast timeline. The need to shield external attacks as well as malware attacks on defense systems – a core domain & key area of concern for national security- will help the market transverse & chart a new path of growth within a span of the next few years.

Fintech firms make use of blockchain technology requiring robust security and AI is the best available option for these firms. Apparently, the rise in identity & data thefts and the need for strong security tools for performing business as well as other financial transactions will culminate into huge business growth over the forecast timeframe.  

Regional Landscape

North American Market To Witness Humungous Growth Over 2020-2026

The growth of the regional market over the assessment period is owing to rise in the cyber-terrorism as well as cyber-attacks on the defense systems witnessed in the countries like the U.S.  In addition to this, escalating presence of reputed service providers in the countries like Canada and the U.S. will further drive the regional market trends. Apart from this, the surge in the IT security funding by the regional governments every year will translate into large-scale growth of the artificial intelligence-based security market in the region over the forecast timespan.

Report Scope :

Report Attributes Report Details
Report Name Artificial Intelligence in Security Market Size Report
Market Size in 2019 USD 5.1 Billion
Market Forecast in 2026 USD 14.2 Billion
Growth Rate CAGR of 17.91%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Cylance Inc., Samsung Electronics Co., IBM Corporation, Nvidia Corporation, Micron Technology, and Acalvio Technologies
Segments Covered By End-User, By Security Type, and By Region
Base Year 2020
Historical Year 2015 to 2018
Forecast Year 2019 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Competitive Landscape

  • Cylance Inc.
  • Samsung Electronics Co.
  • IBM Corporation
  • Nvidia Corporation
  • Micron Technology
  • Acalvio Technologies.

The global Artificial Intelligence Based Security Market is segmented as follows:

By End-User:

  • Government & Defense
  • Automotive & Transportation
  • BFSI
  • Healthcare
  • Retail
  • Manufacturing

By Security Type:

  • Network Security
  • Cloud Security
  • Application Security                

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Rise in the number of connected equipment will steer the expansion of artificial intelligence based security industry over the forecast timeline. In addition to this, use of artificial intelligence in security systems is anticipated to enhance he system accuracy and can determine potential threat to any security system. This, in turn, will make the use of AI tool more popular in security systems as it will reinforce the security. Growing menace of cyber security threats and hacking incurring huge data losses as well as financial losses for the firms will create lucrative growth avenues for artificial intelligence based security industry over the assessment timespan. Furthermore, need for strengthening the security of banking services as well as financial institutes will proliferate the size of artificial intelligence based security market over the anticipated timeframe.

Moreover, need for providing strong security to eCommerce websites for ensuring secured transactions is likely to translate into humungous growth of artificial intelligence based security industry over the forecast timeline. Need to shield external attacks as well as malware attacks on defense systems – a core domain & key area of concern for national security- will help the market transverse & chart a new path of growth within a span of next few years.

According to Zion Market Research report, the global Artificial Intelligence Based Security market, which was estimated at about 5.1 (USD Billion) in 2019 and is predicted to accrue earnings worth 14.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 17.91% during 2020-2026.  

North America is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan is attributed to rise in the cyber-terrorism as well as cyber-attacks on the defense systems witnessed in the countries like the U.S.  In addition to this, escalating presence of reputed service providers in the countries like Canada and the U.S. will further drive the regional market trends. Apart from this, surge in the IT security funding by the regional governments every year will translate into large-scale growth of artificial intelligence based security market in the region over the forecast timespan.

The key players profiled in the report include are Cylance Inc., Samsung Electronics Co., IBM Corporation, Nvidia Corporation, Micron Technology, and Acalvio Technologies.

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