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The artificial intelligence in security market share is expected to increase by USD 16.23 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 26.84%.
The market has been broadly categorized into the following demographic segmentations:
The market report offers information on several market companies, including Acalvio Technologies inc., BlackBerry Ltd., Broadcom inc., Cisco Systems inc., Darktrace Holdings Ltd., Hewlett Packard Enterprise Co., intel Corp., international Business Machines Corp., Micron Technology inc., NVIDIA Corp., Oracle Corp., Palo Alto Networks inc., RELX Plc, Samsung Electronics Co. Ltd., SAP SE, SAS institute inc., Securonix, SparkCognition, Thomson Reuters Corp., and Xilinx inc. among others.
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The rapid increase in the use of mobile and other connected devices is notably driving the market growth, although factors such as technical difficulties in developing AI technologies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Challenge
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market. The actionable insights on the trends and challenges will help companies evaluate and develop expansion strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market companies, including:
This statistical study of artificial intelligence in the security market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying growth strategies such as price, quality, innovation, and performance to compete in the market.
The market forecast report offers in-depth insights into key company profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for artificial intelligence in the security market, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.
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33% of the market's growth will originate from Europe during the forecast period. The UK and Germany are the key markets for artificial intelligence in security market in Europe. Market growth in this region will be faster than the market in South America and North America.
Another key region offering significant growth opportunities to companies is North America. Due to the increase in technological advances, there has been a rise in cyberattacks in end-user industries will facilitate artificial intelligence in the security market in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for companies, which will assist in creating efficient business plans.
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The AI market share growth by the on-premise segment will be significant during the forecast period. On-premises artificial intelligence-based security solutions are majorly developed and used by large enterprises that have a global presence to gain more control and ownership over their security and the data generated and stored within the application. Organizations apply artificial intelligence and machine learning (ML) technologies to extract and analyze massive data sets that contain sensitive information. Hence, such organizations prefer to operate through on-premises deployment rather than in the cloud. This, in turn, will have a positive impact on the market during the forecast period.
The market is witnessing robust growth driven by the increasing recognition of proactive threat mitigation capabilities. As businesses contend with cyber threats like ransomware, phishing, and software supply chain attacks, artificial intelligence emerges as a potent ally in cybersecurity. However, the market faces challenges such as a shortage of skilled AI professionals and a lack of awareness about AI applications in security.
Everseen, an artificial intelligence-powered solution, exemplifies the market's potential by enhancing cybersecurity awareness and safety. The demand for transparency, fairness, and consumer rights amplifies the need for AI-driven solutions that act as a single source of truth. Industries, including banks and retailers, are leveraging AI to fortify their security infrastructure against evolving cyber threats. As the market evolves, addressing the skills gap and enhancing awareness will be pivotal for widespread AI adoption in the security landscape.
Artificial Intelligence in Security Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.84% |
Market growth 2022-2026 |
USD 16.23 billion |
Market structure |
Fragmented |
YoY growth (%) |
24.57 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Acalvio Technologies inc., BlackBerry Ltd., Broadcom inc., Cisco Systems inc., Darktrace Holdings Ltd., Hewlett Packard Enterprise Co., intel Corp., international Business Machines Corp., Micron Technology inc., NVIDIA Corp., Oracle Corp., Palo Alto Networks inc., RELX Plc, Samsung Electronics Co. Ltd., SAP SE, SAS institute inc., Securonix, SparkCognition, Thomson Reuters Corp., and Xilinx inc. |
Market dynamics |
Parent market analysis, market growth analysis, Market forecasting, market growth and forecasting, market research and growth, market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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