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

Artificial Intelligence in Security Market Forecast 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%.

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.

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

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Market Dynamics

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 Driver

• The rapid increase in the use of mobile and other connected devices is one of the key drivers supporting 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 safety 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 protection will help users get a predetermined notification regarding threats. Such benefits of using AI will drive the market. 

Key Trend

• Increasing demand for cloud-based applications is one of the key market trends fueling the market.
• 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 ensure 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 market during the forecast period.

Key Challenge

• Technical difficulties in developing technologies are one of the factors challenging the market.
• 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 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 market in focus during the forecast period. 

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.

Who are the Major Artificial Intelligence in Security Market Players?

The report analyzes the market's competitive landscape and 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.
• Xilinx inc.

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.

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 AI 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. 

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.

Artificial Intelligence in Security Market Value Chain Analysis

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.

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 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.

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

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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.

Market Analyst Overview

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

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

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