How Will the AI Trust, Risk And Security Management Market Grow? Key Trends and Opportunities for 2025 and Beyond
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What fueled the previous growth in the ai trust, risk and security management market?
The market size for AI trust, risk and security management has witnessed substantial growth in the past few years. The size of this market is projected to increase from $2.49 billion in 2024 and reach $2.91 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 16.8%. The impressive increase during the historic period is due to factors like burgeoning trust in AI, a surge in the knowledge of AI’s potentials, growth in data proliferation, the broadening network of IoT and connected devices, as well as the widespread adoption of cloud technology.
What will be the ai trust, risk and security management market size in the future?
The market for AI trust, risk, and security management is predicted to witness a steep escalation in the forthcoming years, surging to a whopping $5.44 billion by 2029 at a compound annual growth rate (CAGR) of 16.9%. The exponential expansion during the forecast period can be linked to a surge in cybersecurity threats, a growing need for tailored risk management solutions, rising adoption across various industries, heightened demand for real-time analysis, escalated use of AI in fraud detection, and amplified worries about AI ethics and privacy. Key trends that are set to shape this market over the forecast period are the evolution of technology, the progression of autonomous security systems, development in blockchain technology, advancements in AI and machine learning, and inter-industry collaboration.
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What main drivers are fueling expansion in the ai trust, risk and security management market?
The rise in cyber threats is predicted to drive the expansion of the AI trust, risk, and security management market. Cyber threats refer to harmful actions carried out via digital networks or systems with the intent to cause harm, steal information or disrupt operations. AI trust, risk and security management tools are advantageous in preventing cyber threats by facilitating premature detection and pre-emptive risk mitigation. For instance, data released by the Department for Science, Innovation, and Technology, a ministerial department in the UK, in April 2024 disclosed that roughly 22% of businesses and 14% of charities had been victims of cybercrime in the preceding year. The statistics rose to 45% for medium-sized businesses, 58% for large businesses, and 37% for high-income charities. Therefore, the escalating cyber threats are fueling the growth of the AI trust, risk, and security management market.
What key areas define the segmentation of the global ai trust, risk and security management market?
The AI trust, risk and security management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud Based
3) By Enterprise Size: Large Enterprise, Small And Medium-Sized Enterprise
4) By Application: Banking, Financial Services, And Insurance(BFSI), Retail And E-Commerce, Healthcare, Automotive, Energy And Utilities, Other Applications
Subsegments:
1) By Solution: Risk Assessment Tools, Compliance Management Solutions, Identity And Access Management Systems, Threat Detection And Response Software
2) By Services: Consulting And Advisory Services, Implementation And Integration Services, Training And Awareness Programs, Ongoing Support And Maintenance Services
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Who are the dominant players expanding their reach in the ai trust, risk and security management market?
Major companies operating in the AI trust, risk and security management market report are Google LLC, AT&T Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, ARTHUR.ai, ServiceNow Inc., Palo Alto Networks Inc., Moody’s Analytics Inc., Fortinet Inc., SAS Institute Inc., F5 Networks Inc., LogicManager Inc., Check Point Software Technologies Ltd., McAfee Corp., Trend Micro Inc., CrowdStrike Holdings Inc., Proofpoint Inc., Zscaler Inc., Sophos Ltd., RSA Security LLC, Rapid7, CyberArk Software Ltd., FireEye Inc., Darktrace Holdings Limited
How are evolving market trends shaping ai trust, risk and security management Strategies?
Leading corporations in the AI trust, risk and security management market are concentrating on creating a secure AI framework in an effort to augment their earnings. This Secure AI Framework for AI Trust, Risk, and Security Management is a compilation of guidelines and recommended practices aimed at ensuring the responsible, clear, and secure employment of AI technology, reducing potential threats, and magnifying credibility. For example, Google LLC, headquartered in the US, introduced a strong security architecture for AI, known as SAIF, in June 2023. This focuses on establishing robust security foundations, executing effective data handling, creating consistent platform rules, and devising efficient security and compliance strategies during the implementation of AI controls. Google’s exceptional practices in software security are also integrated into the SAIF, focusing on the ethical creation and use of AI.
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Which regions are emerging as leaders in the ai trust, risk and security management market?
North America was the largest region in the AI trust, risk, and security management market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI trust, risk and security management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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