The artificial intelligence in security market is expected to register a CAGR of over 18.64% during the forecast period 2018 - 2023. The report profiles the increasing number of cyber security attacks and how the enterprises are across the business ecosystem in various industries.
AI for security solutions involves the integration of endpoint data and analytics to gain threat intelligence, which aid to detect and expose an attack in a particular environment. The rapidly increasing number of connected devices across the world is one of the major factors driving the growth of this market. Artificial intelligence in cybersecurity is expected to increase efficiency and precision of the system to observe any potential threat in organization's system. The organizations increasing their horizon to completely different geographies are generating voluminous data to realize insights and are using analysis techniques to enhance their product offerings.
The rising number of mobile devices has made the networks more vulnerable to cyber-attacks. In addition, the trend of connected devices, mobile workers, BYOD, social media, and cloud synchronizing tools are driving the growth of the market for endpoint security.
Machine Learning Technology is Expected to Grow at a Significant Rate
Machine learning enables systems to automatically improve their performances with experience. This technology can reliably and quickly scan, parse, and react to anomalies. The information gathered can be shared with their human counterparts, thereby, mitigating cyber-attacks. Machine learning can also help operators reverse-engineer attacks to make improvements to their systems, by addressing and preventing attacks before they happen. Machine learning's ability to collect and handle big data, along with its increased ability to perform previously impossible calculations, is fueling the growth of the market for machine learning.
North America is expected to Have Highest Market Share
North America is an early adopter of innovative technologies, and several cyber-security vendors are based in this region. Banks, government agencies, and financial institutes in the region face ever-increasing challenges related to cyber threats. Owing to the presence of a large number of security vendors and increasing incidents of security breaches across the North America region, cyber-security is considered as the most serious economic and national security challenge by organizations and governments. The growing concern about the security of critical infrastructure and sensitive data has increased government intervention in the recent past.
North America is home to a large number of leading technological firms, and hence, it is a key developer and early adopter of technologies. Incentives and funding from governments play a major role in the development of these technologies. Some of the major players across the region include IBM Corporation, Micron Technology Inc., ThreatMetrix Inc., Symantec Corporation, and Nvidia Corporation, among others.
Key Developments in the Market
- Jun 2018: F-Secure has signed an agreement to acquire all the outstanding shares of MWR InfoSecurity, a privately held cyber security company. The acquisition is a significant milestone in the execution of F-Securer’s growth strategy, and makes it the largest European single source of cyber security services and detection and response solutions
- Jun 2018: ThreatMetrix, announced the Summer 18 Release, which delivers a new 3D Secure 2.0 offering and Champion Challenger capabilities of ThreatMetrix 3DS 2.0 Solution for Enhanced Risk Decisioning. ThreatMetrix has launched a new risk engine API specifically to support 3DS 2.0 environments, enhancing risk-based decisions for card-not-present transactions
Major Players: IBM Corporation, Facebook Inc., F-Secure OYJ, Tech Mahindra Limited, Cisco Systems Inc., Nvidia Corporation, Samsung Electronics Co. Ltd, Xilinx Inc., ThreatMetrix Inc., Symantec Corporation, SparkCognition Inc., Micron Technology Inc., Securonix Inc., FireEye Inc., Check Point Software Technologies Ltd, Fortinet Inc., and Juniper Network Inc., among others.
Artificial Intelligence in Security Market Report Summary
Artificial Intelligence in Security Market
The Artificial Intelligence in Security Market offers latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share, and forecast until 2023.
Reasons to Purchase this Report
- Impact of growth of Artificial Intelligence across the Security Market
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segments that are expected to dominate the market
- Regional analysis of the market during the forecast period
- Latest developments, market shares, and strategies employed by the major market players and key innovators
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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1.1 Key Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.3 Bargaining Power of Consumers
3.2.4 Threat of New Entrants
3.2.5 Threat of Substitute Products and Services
3.2.6 Competitive Rivalry in the Industry
3.3 Industry Value Chain Analysis
3.4 Industry Policies
3.5 Technology Snapshots
4. Market Dynamics
4.1 Market Drivers
4.1.1 Open Source Platforms Increasingly becoming Vulnerable to Security Threats
4.1.2 Increasing Number of Malware Attacks (Ransomware) across Cloud Computing Ecosystem
4.1.3 Growing Adoption of IoT and Connected Devices across Industries
4.2 Market Restraints
4.2.1 Lack of AI Professionals to Handle Cybersecurity Issues Ontime
4.3 Market Opportunities
4.3.1 Rising Adoption of Social Media Services across Business Models
5. Global Artificial Intelligence in Security Market Segmentation
5.1 By Security Type
5.1.1 Network Security
5.1.2 Application Security
5.1.3 Cloud Security
5.2 By Service
5.3 By Technology Solution
5.3.1 Machine Learning
5.3.2 Natural Language Processing
5.3.3 Context Awareness Computing
5.4 By Region
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 IBM Corporation
6.2 Facebook Inc.
6.3 F-Secure OYJ
6.4 Tech Mahindra Limited
6.5 Cisco Systems Inc.
6.6 Nvidia Corporation
6.7 Samsung Electronics Co., Ltd
6.8 Xilinx, Inc.
6.9 ThreatMetrix Inc.
6.10 Symantec Corporation
6.11 SparkCognition Inc.
6.12 Micron Technology, Inc.
6.13 Securonix, Inc.
6.14 FireEye, Inc.
6.15 Check Point Software Technologies Ltd
6.16 Fortinet, Inc.
6.17 "Juniper Network, Inc.
*(List Not Exhaustive)"
7. Investment Analysis
8. Future of Global Artificial Intelligence in Security Market