Artificial Intelligence in Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Artificial Intelligence in Security Market is segmented by Security Type (Network Security, Application Security, Cloud Security), Service (Professional, Managed), Deployment (On-premise, Cloud), End-user Industry (Government & Defense, Retail, BFSI, Manufacturing, Healthcare, and Automotive & Transportation), and Geography.

Artificial Intelligence in Security Industry Overview

Artificial Intelligence in Security Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 18.64 %

Major Players

Artificial Intelligence in Security Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Artificial Intelligence in Security Market Analysis

The Artificial Intelligence in Security market was valued at USD 5.08 billion in 2020 and is expected to reach USD 14.18 billion by 2026, at a CAGR of 18.64% over the forecast period 2021 - 2026.The U.S. National Defense Strategy, released in January 2018, identified artificial intelligence as one of the key technologies that will “ensure the United States will be able to fight and win the wars of the future". AI has a number of unique characteristics which is helping it to get into the security arena.

  • With the rise in connected enterprises, devices, and applications, businesses are becoming more vulnerable as they are connected to a mass of independent endpoints. Therefore, AI in security provides an enticing proposition with its proactive threat mitigation capabilities which are needed for constant supervision and adaptation to the multifaceted security vulnerabilities faced by the modern digitalized economy.
  • AI and its applications allow the users to protect any system by providing alerts to them in real-time so that the risk can be mitigated. With the data available within the organizations are being used to train these systems. With the implementation of machine learning with AI, the threats and malware can be proactively prevented rather than only be detected. This helps in creating a huge market opportunity for artificial intelligence in the security market during the forecasted period.
  • However, due to the dearth of skilled AI professionals and lack of awareness is restraining about this feild the market to grow during the forecast period.

Artificial Intelligence in Security Industry Segments

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. With the growth in online transactions and a surge in NEFT, RTGS, coupled with mobile transactions are growing demand for security solutions. Therefore, the banking sector has noticed a significant rise in the adoption of artificial intelligence based security solutions which has helped to improve banking services.


By Security Type
Network Security
Application Security
Cloud Security
By Service
Professional Services
Managed Services
By Deployment
By End-user Industry
Government & Defense
Automotive & Transportation
Other End-user Industries
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa

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Artificial Intelligence in Security Market Trends

This section covers the major market trends shaping the Artificial Intelligence in Security Market according to our research experts:

Antivirus/Anti-malware Offers Potential Growth

  • With the malware getting intelligent day by day there is a need for artificial intelligence and machine learning techniques to counter-attack such malicious software. Both antivirus and anti-malware fall under the broader term cybersecurity. Cybersecurity is increasingly becoming a headache for everyone from corporates executives to regular consumers, who are both targeted by phishing scams and hackers attempting to access sensitive information. 
  • According to the Consumer Technology Association, 44% of organizations across the globe are implementing artificial intelligence applications to detect and deter security intrusions. Artificial intelligence in cybersecurity increases the efficiency and precision of the system to observe any potential threat in the organization's system.
  • Further, the gradual shift of enterprises towards adopting the internet in order to perform most of the tasks through it is compelling employees to remain online for a longer time and creating a lot of data, thus growing the risks for cyber attacks and hacking. Thus with machine learning and AI, that peak of data could be carved down in a fraction of time, which helps the enterprise to identify and recover from the security threat. 
Artificial Intelligence in Security Market: Number of Malware Attacks, in million Units, Global, 2016-2018

Asia-Pacific to Witness the Highest Growth

  • In Asia-pacific, great strides are being made in the digital economy. But it is also causing more threat-related opportunities. According to Cisco, companies receive 6 threats every minute in APAC and 51% of all cyber attacks resulted in a loss of more than USD 1 million.
  • The growing penetration of the internet and shift toward digitization of the internal processes have been instrumental in driving the adoption of cloud-based services. Alongside the digital transformation in the region, owing to ineffective cyber laws and lack of cybersecurity awareness, companies in Asia-Pacific have been found to be 80% more likely to be targeted by hackers as compared to other regions.
  • Moreover, many countries have passed regulations and created independent programs to create a “single source of truth” and provide banks and retailers with verified customer digital identities. Examples are, Malaysia’s MyKad, Singapore’s MyInfo and Thailand’s Digital ID, all designed to facilitate and speed up identity verification. This creates a huge scope for AI in the security market.
  • All the above factors are expected to help the artificial intelligence in the security market to grow in this region during the forecast period.
Artificial Intelligence in Security Market: Growth Rate by Region (2019 - 2024)

Artificial Intelligence in Security Market Competitor Analysis

The artificial intelligence in security market is highly competitive and fragmented in nature as many new companies are coming with innovative technologies due to the rise in cyber attacks over the years. Artificial intelligence (AI) is a rapidly growing field of technology that is capturing the attention of commercial investors, defense intellectuals, policymakers, and international competitors. This is making this market more competitive in nature. A few players are  IBM Corporation, Cisco Systems Inc, etc. Some recent developments are:

  • January 2018 - IBM and Salesforce expanded their partnership, by bringing together artificial intelligence and cloud computing platforms. This partnership is expected to expand IBM’s customer base in the cloud solutions segment.
  • January 2018 - Amazon's cloud business acquired Sqrrl, a security start-up with NSA roots. The founders of Sqrrl had previously worked for the US National Security Agency. This acquisition by the company is aimed at attaining business from US intelligence agencies.

Artificial Intelligence in Security Market Top Players

  1. IBM Corporation

  2. Cisco Systems, Inc

  3. Tech Mahindra Limited

  4. Micron Technology, Inc

  5. Fortinet, Inc

*Disclaimer: Major Players sorted in no particular order

Artificial Intelligence in Security Market Concentration

Artificial Intelligence in Security Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Security Frauds and Technology Penetration

      2. 4.2.2 Increasing Number of Malware Attacks (Ransomware) across Cloud Computing Ecosystem

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled AI Professionals

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry


    1. 5.1 By Security Type

      1. 5.1.1 Network Security

      2. 5.1.2 Application Security

      3. 5.1.3 Cloud Security

    2. 5.2 By Service

      1. 5.2.1 Professional Services

      2. 5.2.2 Managed Services

    3. 5.3 By Deployment

      1. 5.3.1 On-premise

      2. 5.3.2 Cloud

    4. 5.4 By End-user Industry

      1. 5.4.1 Government & Defense

      2. 5.4.2 Retail

      3. 5.4.3 BFSI

      4. 5.4.4 Manufacturing

      5. 5.4.5 Healthcare

      6. 5.4.6 Automotive & Transportation

      7. 5.4.7 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 North America

        1. United States

        2. Canada

      2. 5.5.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.5.4 Rest of the World

        1. Latin America

        2. Middle-East & Africa


    1. 6.1 Company Profiles

      1. 6.1.1 IBM Corporation

      2. 6.1.2 Facebook Inc

      3. 6.1.3 F-Secure Corporation

      4. 6.1.4 Tech Mahindra Limited

      5. 6.1.5 Cisco Systems Inc

      6. 6.1.6 Nvidia Corporation

      7. 6.1.7 Samsung Electronics Co., Ltd

      8. 6.1.8 Xilinx, Inc

      9. 6.1.9 ThreatMetrix Inc (RELX Group)

      10. 6.1.10 Broadcom Inc. (Symantec Corporation)

      11. 6.1.11 Fortinet, Inc

      12. 6.1.12 Juniper Network, Inc

      13. 6.1.13 Micron Technology, Inc

    2. *List Not Exhaustive


**Subject to Availability
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Artificial Intelligence in Security Market Research FAQs

The AI in Security Market is studied from 2018 - 2028.

The AI in Security Market is growing at a CAGR of 18.64% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

IBM Corporation, Cisco Systems, Inc, Tech Mahindra Limited, Micron Technology, Inc, Fortinet, Inc are the major companies operating in AI in Security Market.

AI in Security Industry Reports

In-depth industry statistics and market share insights of the AI in Security sector for 2020, 2021, and 2022. The AI in Security research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the AI in Security report PDF.

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