Artificial intelligence is basically a result of a software that tries to create a decision mechanism similar to human brain's decision mechanism. AI in security generally provides an enticing proposition with its proactive threat mitigation capabilities which is required for constant supervision and adaptation to the multifaceted security vulnerabilities faced by modern digitalized economy. Also, artificial intelligence is playing a important role in cyber security by identifying threats as well as protecting organizations’ data from lethal cyber-attacks. It speeds up the process of noticing attacks and enables organizations to adopt predictive measures in combating cyber-crimes. Moreover, AI can be utilized to fight against various cyber threats including spear phishing, watering hole attack, webshell, ransomware, DDoS attacks, and remote exploitation, by identifying and preventing them from proliferating into the systems. Apart from that, AI based security systems can analyze even those threats that have not occurred in the past unlike traditional based security systems.
Global Artificial Intelligence in Security Market: Key Players
The research study includes profiles of leading companies operating in the global artificial intelligence in security market. Key players profiled in the report include: BAE Systems, Cisco, Fortinet, FireEye, Check Point, IBM, RSA Security, Symantec, Juniper Network and Palo Alto Networks.
Drivers for the Global Artificial Intelligence in Security Market:
According to current market condition, one of the major factors that is helping the artificial intelligence-based security market to grow is the surge in number of connected devices across the world. Artificial Intelligence in a security solution is expected to increase precision and efficiency of the system to notice any potential threat in system. Surge in number of mobile devices has significantly caused the networks to become more vulnerable to cyberattacks, thus increasing the demand for AI based security solutions. Moreover, growing inclination of government to adopt smart city concept is expected to bolster the artificial intelligence-based security market growth. Also, growing awareness regarding various types of cyber threats such as phising, malware, denial, and password breaches are dissuading individuals to connect to any public Wi-Fi. This is increasing the uptake of personal Wi-Fi, which directly increases the demand for AI based security solutions. Growing number of e-commerce websites, mobile application, and payment getaways which accepts store credit card, debit card, and online transactions are likely to increase the demand for artificial intelligence-based security market.
Opportunities for the Global Artificial Intelligence in Security Market:
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. Also, 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. Furthermore, increasing stringent laws and regulations imposed by the government on information and data security is anticipated to provide major growth opportunities for the market in the upcoming years.
Restrains for the Global Artificial Intelligence in Security Market:
Due to the dearth of skilled AI professionals and lack of awareness is restraining about this field the market to grow during the forecast period.
Region Wise, Global Artificial Intelligence in Security Market Analysis:
On the basis of region, global artificial intelligence in security market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America, held the leading position and is predicted to dominate in the upcoming years owing to surge in cyber-attack cases. Cyber-attacks particularly in the U.S. is considered to contribute the most. On the other hand, Asia Pacific is expected to exhibit a steady growth due to surge in adoption of machine learning in the region. North America region is followed by Asia pacific and Europe.
Global Artificial Intelligence in Security Market: Product analysis
- Machine Learning
- Natural Language Processing
Global Artificial Intelligence in Security Market: Application analysis
- IT & Telecom
- Aerospace and Defense
Global Artificial Intelligence in Security Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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