Artificial Intelligence Based Security Market Size, Share, Growth Report 2030

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).

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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.

Competitive Landscape

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:

• 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