Artificial Intelligence in Security Market by Deployment and Geography - Forecast and Analysis 2022-2026

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%.

Artificial intelligence in the security market has been broadly categorized into the following demographic segmentations: 

• Deployment - On-premise and cloud
• Geography - North America, Europe, APAC, Middle East and Africa, and South America

The artificial intelligence in security market report offers information on several market vendors, 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.

One of the key highlights of the artificial intelligence in security market research report is the post-COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Artificial intelligence in Security Market Size be During the Forecast Period?

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Artificial intelligence in Security Market: Key Drivers, Trends, and Challenges

The rapid increase in the use of mobile and other connected devices is notably driving the artificial intelligence in security 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 impact on artificial intelligence in the security industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Artificial intelligence in Security Market Driver

• The rapid increase in the use of mobile and other connected devices is one of the key drivers supporting artificial intelligence (AI) in security market growth. 
• With the advent of AI, machine learning, and high-end data networks, the sales volume of connected devices, including routers, tablets, and smartwatches, is increasing.
• IoT devices have a security system that is vulnerable to cyberattacks.
• IoT devices are not designed to pre-detect or prevent threats, such as hacking. Thus, these devices could be prime targets for hackers to obtain usernames and passwords and access other confidential information. 
• AI risk management plays a critical role in securing information on IoT devices. Moreover, when implemented on IoT devices, AI-based security will help users get a predetermined notification regarding threats. Such benefits of using AI will drive artificial intelligence (AI) in security market growth. 

Key Artificial intelligence in Security Market Trend

• Increasing demand for cloud-based applications is one of the key artificial intelligence in security market trends fueling the market growth.
• Cloud-based services are being used by enterprises for various applications, including authentication, video management, biometric data storage, and big data computing.
• With the increased mobility of the workforce, some firms have introduced cloud-based services for various business processes such as customer relationship management (CRM), payroll, and corporate communication to assure remote data access.
• Governments are implementing stringent regulations, such as the payment card industry data security standard (PCI DSS) and the Health Insurance Portability and Accountability Act (HIPAA), that require cloud providers to ensure the security of data in banking and healthcare firms. Such initiatives will fuel the artificial intelligence in security market growth during the forecast period.

Key Artificial intelligence in Security Market Challenge

• Technical difficulties in developing AI technologies are one of the factors challenging artificial intelligence (AI) in security market growth.
• Machine learning and deep learning techniques are applied in the field of AI and require high processing power because of the huge number of calculations that need to be performed in a short period.
• Organizations are generating huge volumes of structured and unstructured data because of the advent of technology in machine learning and pattern recognition fields and the growth of the information and communications technology (ICT) industry.
• Machine learning algorithms automatically react to events based on their data. Thus, developers are often unable to explain the output of these algorithms.
• The AI industry faces several development challenges. One such challenge is that companies cannot collaborate to solve an individual or isolated issue. These factors result in a lack of customer trust. Such factors may hamper the growth of artificial intelligence (AI) in the security market in focus during the forecast period. 

This artificial intelligence in security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global artificial intelligence (AI) in security market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the artificial intelligence in security market during the forecast period.

Who are the Major Artificial intelligence in Security Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, 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.
• Xilinx inc.

This statistical study of the artificial intelligence in security market encompasses successful business strategies deployed by the key vendors. The artificial intelligence in security market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, and performance to compete in the market.

Product insights and News

• Broadcom Inc. - The company offers solutions for artificial intelligence in security which eliminates time-consuming research tasks and provides curated analysis of risks, reducing the amount of time security analysts. 
• Hewlett Packard Enterprise Co. - The company offers solutions for artificial intelligence in security that helps to mine continuous streams of value locked in data and provides choice and an elastic, unified analytics platform for data and applications on-premises, at the edge, and in public clouds. 
• Intel Corp. - The company offers solutions for artificial intelligence in security that tackle tough data analytics and AI challenges using Intel-optimized software which helps to harness more data with greater ease. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The artificial intelligence in security market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Artificial intelligence in Security Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the artificial intelligence in security market, which vendors 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 vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Artificial intelligence in Security Market?

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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 growth of the market in South America and North America.

Another key region offering significant growth opportunities to vendors is North America. Due to the increase in technological advances, there has been a rise in cyberattacks in end-user industries will facilitate the artificial intelligence in security market growth 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 vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The US has been the most affected country globally by the COVID-19 pandemic. The pandemic has negatively affected organizations and has changed the way employees work, resulting in new cyber threats. However, in 2021, the demand for AI-based security solutions increased as regional end-user activities picked up pace following the success of the large-scale COVID-19 vaccination drives. These factors will, thus, drive the growth of the regional AI in security market during the forecast period.

What are the Revenue-generating Deployment Segments in the Artificial intelligence in Security Market?

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The artificial intelligence in security market share growth by the on-premise segment will be significant during the forecast period. On-premises AI-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 AI 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 than in the cloud. This, in turn, will have a positive impact on the AI in security market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the AI in security market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Artificial intelligence in Security Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive artificial intelligence in security market growth during the next five years
• Precise estimation of the artificial intelligence in security market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial intelligence in security industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of artificial intelligence in security market vendors

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