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 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 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.
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.
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.
Key players profiled in the study include Cylance Inc., Samsung Electronics Co., IBM Corporation, Nvidia Corporation, Micron Technology, and Acalvio Technologies.
The global Artificial Intelligence Based Security Market is segmented as follows:
By End-User:
By Security Type:
By Region
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.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed