Key Insights into the Artificial Intelligence In Security Market’s Growth Opportunities for 2024-2033
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What is the Estimated Growth Rate for the Artificial Intelligence In Security Market Between 2024 and 2033?
The security market for artificial intelligence has seen a significant growth spurt in the last few years. It is projected to expand from a size of $22.7 billion in 2023 to a substantial $27.76 billion in 2024, with a compound annual growth rate (CAGR) of 22.3%. Factors that contributed to this surge during the historical period include an escalation in cybersecurity threats, growing use of cloud computing, the widespread popularity of internet of things (IoT) devices, a lack of sufficient cybersecurity specialists, and the rapid growth of e-commerce and online interactions.
The market size for artificial intelligence in security is predicted to witness substantial expansion over the forthcoming years, reaching $62.13 billion in 2028 with a compound annual growth rate (CAGR) of 22.3%. This surge during the forecast period is largely stimulated by heightened understanding of cybersecurity significance, emphasis on zero trust security frameworks, increased incidences of internal threats and data breaches, the rise of advanced persistent threats, and a burgeoning demand for automated security systems. Key trends in the prediction period encompass progress in machine learning algorithms, the merger of AI into next-generation firewalls, the incorporation of AI into autonomous cybersecurity actions, the integration of AI into endpoint security, and AI-powered behavioral analytics for detecting threats.
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What Are the Primary Contributors to the Growth of the artificial intelligence in security Market?
The amplifying potential of cyberattacks is predicted to drive the expansion of artificial intelligence in the security sector. Cyberattacks include any efforts to infiltrate a computer, computing system, or network with the intention to cause damage. One common form of cybersecurity assault is phishing, where users are deceived into downloading malware, revealing confidential data, or exposing themselves or their businesses to illegal activities. The push for enhanced defenses and response to evolving threats and cyberattacks boosts the need for sophisticated artificial intelligence security systems, which employs strategies like encryption, anomaly detection, and behavior analysis for data protection. For example, the Anti-Phishing Working Group, an independent counter-e-crime organization based in the US, reported a total of 1,025,968 phishing attacks in the first quarter of 2022, marking a 15% rise from the previous quarter in 2021, which saw 888,585 attacks. Consequently, the escalating threat of cyberattacks fuels the progression of artificial intelligence in the security market.
Which Key Segments Comprise the Artificial Intelligence In Security Market?
1) By Component: Services, Software
2) By Solutions: Identity And Access Management (IAM), Risk And Compliance Management, Encryption, Data Loss Prevention (DLP), Unified Threat Management (UTM), Antivirus Or Antimalware, Intrusion Detection Or Prevention System (IDS Or IPS), Other Solutions
3) By Deployment: On-Cloud, On-Premise
4) By Security Type: Network Security, Application Security, Cloud Security, Endpoint Security , Other Security Types
5) By End-Users: Enterprise, BFSI (Banking, Financial Services, And Insurance), Government And Defense , Retail, Healthcare, Manufacturing , Automotive And Transportation, Infrastructure, Other End-Users
What Are the Key Trends Reshaping the Artificial Intelligence In Security Market?
The progression of technology is a primary trend rising to prominence in the artificial intelligence within security market. Large firms active in the artificial intelligence in security fields are integrating sophisticated technologies to maintain their market standing. For example, in March 2023, the US-based tech company, Microsoft Corporation, introduced Security Copilot, a tool powered by AI technology to bolster cybersecurity. This inventive tool is engineered to aid professionals in detecting breaches and threat signals, thus enhancing data analysis. This fresh gadget comprises Microsoft’s specialised cybersecurity training model, including an impressive 65 trillion daily alerts and the company’s global threat intelligence. Security Copilot can supply guidance and context about potential threats based on inquiries and triggers from infosec professionals in a considerably reduced time frame—minutes instead of hours or days.
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What Are the Top Regions Fueling Growth in the Artificial Intelligence In Security Market?
North America was the largest region in the artificial intelligence in security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Artificial Intelligence In Security Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the artificial intelligence in security market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Artificial Intelligence In Security Market Include
1. Artificial Intelligence In Security Market Executive Summary
2. Artificial Intelligence In Security Market Segments
3. Artificial Intelligence In Security Market Size And Template Market Growth Rate
4. Key Artificial Intelligence In Security Market Trends
5. Major Artificial Intelligence In Security Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence In Security Market
26. Top Artificial Intelligence In Security Companies
27. Artificial Intelligence In Security Market Opportunities And Strategies
28. Artificial Intelligence In Security Market, Conclusions And Recommendations
29. Appendix
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