ARTIFICIAL INTELLIGENCE-BASED SECURITY MARKET ANALYSIS

Artificial Intelligence-Based Security Market, by Offering (Hardware, Software, and Services), by Deployment Type (Cloud and On-premise), by Security Type (Network Security, Endpoint Security, Application Security, and Cloud Security), by Solutions (Identity and Access Management (IAM), Risk and Compliance Management, Encryption, and Others), by Technology (Machine Learning, Context Awareness Computing, and Natural Language Processing), by Verticals (Government & Defense, BFSI, Enterprise, and Others), and by Region - Global Trends, and Forecast till 2025

Published In : Jan 2018
Code : CMI1247
Pages :212
Formats :
Excel and PDF
Industry : Information and Communication Technology

Regional Analysis

North America accounted for the largest market share in 2016

North America held a dominant position in the global artificial intelligence based security market in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to rising cyber-attacks in this region. U.S. accounted for the major market share in the region, owing to constant cyber-attacks on industries such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$1.33 billion globally, in which, California witnessed the highest recorded loss with over US$ 255 million. Additionally, in 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany.

The market in Asia Pacific is estimated to exhibit the highest CAGR over the forecast period. This is attributed to rising adoption of machine learning and natural language processing technologies as well as increasing number of 5G pilot projects in the region. This in turn, is expected to boost the AI in security for application in the telecom industry. For instance, China Telecom Corporation Ltd. established a new 5G base station in Lanzhou on December 2017, to expand 5G pilot projects in China. This in turn, is expected to boost growth of the artificial intelligence based security market over the forecast period.

Geographies Covered