Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Security Type (Network Security, Application Security), Technology (Machine Learning, NLP, Context Awareness,), Solution, End-User, and Region - Global Forecast to 2027

The Artificial Intelligence in Security Market will increase at a CAGR of 22.9% from 2019 to 2027 to exceed market revenue beyond $50 billion by 2027. Nowadays, raising and progressing cybersecurity threats faced by global businesses can be reduced by the integration of artificial intelligence into cybersecurity systems. Artificial Intelligence (AI) and machine learning are being connected more extensively crosswise over industries and applications in recent times. This has led to vast progression in computing power, storage capacities, and data collection. Such information & data of tremendous caliber can't be dealt by people progressively. With AI and machine learning, the peak of data could be carved down in a fraction of time, which helps the enterprise to identify and recover from the security threat. Moreover, increased use of social media for business functions and growth in the adoption of cloud-based applications & services offer significant growth opportunities for market players operating in artificial intelligence in security market.

Internet of Things (IoT), growing cyber-attacks, shortage of cybersecurity professionals, increasing cyber terrorism are the key factors driving the growth of this market. Growing adoption of Wi-Fi networks which are highly vulnerable to security threats, strict directives for information privacy, and rising variety of mobile malware attacks are also contributing towards the proliferation of AI in security. However, rapidly increasing corporate executive cyber threats, limited security budgets of companies, and inability of AI to stop zero-day and advanced threats are expected to hinder the growth of this market to some extent. On the other hand, lack of cybersecurity and AI professionals is one of the key challenges of this market.

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Analysis of Artificial Intelligence in Security Market Segments

The global artificial intelligence in security market is segmented by offering (hardware, software, services), security type (endpoint security, network security, application security, cloud security), technology (machine learning, natural language processing, context awareness computing), solutions (identity and access management, risk and compliance management, encryption, data loss prevention, unified threat management, antivirus/antimalware, intrusion detection/prevention system, others), end-user (enterprise, bfsi, government & defense, retail, healthcare, manufacturing, automotive & transportation, infrastructure, others), and geography.

Based on security type, endpoint security accounted for the largest share of the global artificial intelligence in security market. The large share of this segment is mainly attributed to the rapidly increasing number of connected devices worldwide.

Based on technology, machine learning segment is expected to witness rapid growth during the forecast period, owing to its ability to collect and handle big data and quickly scan, parse, and react to anomalies.

Key Players

The major players operating in the global artificial intelligence in security market are Acalvio Technologies, Inc. (U.S.), Amazon.Com, Inc. (U.S.), Cylance Inc. (U.S.), Darktrace Limited (U.K), IBM Corporation (U.S.), Intel Corporation (U.S.), Micron Technology (U.S.), Nvidia Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Securonix, Inc. (U.S.), Sift Science (U.S.), Skycure Inc. (U.S.), Sparkcognition Inc. (U.S.), Threatmetrix Inc. (U.S.), and Xilinx Inc. (U.S.)

Scope of the Report:

Artificial Intelligence in Security Market, by Products

• Hardware
• Software
• Services

Artificial Intelligence in Security Market, by Types

• Endpoint Security 
• Network Security 
• Application Security 
• Cloud Security

Artificial Intelligence in Security Market, Technologies

• Machine Learning
• Natural Language Processing (NLP) 
• Context Awareness Computing

Artificial Intelligence in Security Market, by Solutions

• Identity and Access Management (IAM)
• Risk and Compliance Management
• Encryption
• Data Loss Prevention (DLP)
• Unified Threat Management (UTM)
• Antivirus/Antimalware
• Intrusion Detection/Prevention System (IDS/IPS)
• Others

Artificial Intelligence in Security Market, by End-Users

• Enterprise 
• BFSI 
• Government & Defense 
• Retail 
• Healthcare 
• Manufacturing 
• Automotive & Transportation 
• Infrastructure 
• Others

Artificial Intelligence in Security Market, by Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Rest of the World
  • Latin America
  • Middle East & Africa

Key Players of AI in Security Market

• Acalvio Technologies, Inc.
• Com, Inc.
• Cylance Inc.
• Darktrace Limited
• IBM Corporation
• Intel Corporation
• Micron Technology
• Nvidia Corporation
• Samsung Electronics Co., Ltd.
• Securonix, Inc.
• Sift Science 
• Skycure Inc.
• Sparkcognition 
• Threatmetrix 
• Xilinx Inc.