The technology of artificial intelligence can be efficiently utilized to fight against the numerous cyber threats involving spear phishing, watering hole attack, ransomware, webshell, DDoS attacks, and remote exploitation, by identifying and thwarting them from flourishing into the systems. Moreover, the AI in security delivers an appealing the suggestion with its proactive menace mitigation abilities which is required for the relentless supervision and acceptation to the complicated security susceptibilities faced by the up-to-date digitalization economy. Whereas, with the growing usage of the sophisticated techniques for the cybercrimes, there is a growing demand for the artificial intelligence based techniques to counter the coercions from the malicious software bots. The artificial intelligence in security systems can scrutinize even those extortions which have not transpired in the past unlike traditional based security systems.
Although, with the enormous pool of startups contributing in the customized solutions, the market is still very fragmented and will associate as mergers and acquisitions happen during the review period. According to the report analysis, ‘Artificial Intelligence in Security Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024’ states that there are several key players which are presently functioning in this sector more actively for dominating the handsome value of market share and leading the fastest market growth more positively in the coming years while studying the stringent regulations to manage the compliance and data privacy and increasing the assurance of security professionals on the greater reliability on artificial intelligence based security includes IBM Corporation, Palo Alto Networks Inc., Amazon, Cylance, LogRhythm, Sift Science, Darktrace, Securonix, ThreatMetrix and several others. Moreover, the companies including IBM Corporation, Palo Alto Networks, Cylance are the foremost players in the Supply Chain Analytics market. IBM and MIT are capitalizing in MIT-IBM Watson AI Lab which is aiming towards enhancing the AI algorithms and fresher applications of AI in several fields such as healthcare and cybersecurity.
Presently in 2018, the Palo Alto Networks broadcasted that it had attained the Israel-based Secdo to add endpoint detection and response (EDR) abilities for its advanced endpoint fortification and the application framework.
According to the research, the AI in security market is anticipated to reach USD 11.95 billion by 2024, increasing at a CAGR of around 34.9% during the forecast period. However, as the digital threats and cybercrimes are increasing in the number, the security demands to be improved. Security now requires the constant supervision and adaption to the recent market scenarios.
Based on the region, the market of artificial intelligence in security is spread across the globe whereas, the North America had the foremost market share in 2017 and is expected to register the AI in security market during the forecast period.
The market is predicted to observe an effective surge in the next coming years, factors such as increasing need of technologies like AI, machine learning and deep learning to confrontation the evolving threats and developed persistent threats which remnants undetected within the network which steal the data, growing number of security breaches and significant in the trends of BYOD has further propelled the growth of AI in security market during the forecast period. Therefore, in the coming years, it is anticipated that the market of artificial intelligence in security will increase around the globe more positively over the recent decades.
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Artificial Intelligence in Security Market
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