Global Artificial Intelligence in Security Market is expected to reach USD 61.12 Billion by 2026 from USD 3.64 Billion in 2016 at a CAGR of 32.59%. Increasing adoption of IoT and cloud-based services and rising mobile malware attacks are driving the Global Artificial Intelligence Security Market growth. The inability of artificial intelligence to stop advanced threats is anticipated to limit market growth. AI intelligence in security marketBased on offerings, a Global Artificial Intelligence Security Market has been segmented into hardware, software, and service. Software formed one of the major contributors for the market growth.
The global artificial intelligence in cybersecurity market is expected to grow from USD 4.13 billion 2017 to USD 26.80 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 30.64%. "Need to adapt to changing threats landscape from growing adoption of IoT and an increasing number of connected devices is one of the factors largely attributing to the growth of artificial intelligence in cybersecurity market globally" The factors attributing to the growth of the market are need to adapt to changing threats landscape from growing adoption of iot and an increasing number of connected devices, need to handle huge volumes of security data and accelerate detection and response times, and constantly increasing cyber terrorism. However, some factors such as inability of ai to restrict advance threats and zero-day attacks, and rapidly increasing instances of data poisoning attacks may hinder the market growth. The global artificial intelligence in cybersecurity market is expected to showcase the opportunities such as and ai featured security products to reduce false alerts, make investigations more efficient, and aid speed up the discovery of and response to cyber attacks. In the near future, the market may face the possible challenges in the growth due to evolving nature of cyber-attacks, and budgetary constraints.
London, Dec. 10, 2019 (GLOBE NEWSWIRE) -- According to a new market research report "Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions), Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & End User - Global Forecast to 2027", published by Meticulous Research, the AI in Supply Chain Market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027. Today supply chain networks are becoming more and more complex owing to progressive globalization. Various well-established supply chain organizations across the globe are increasingly struggling with rising cost of operations, dissatisfied customers, declining sales, and unidentified competition. Therefore, the adoption of artificial intelligence technologies in supply chain operations is on the rise in order to create new opportunities & enhance operational capabilities by leveraging new possibilities, fastening processes, and making organizations adaptable to changes in the future. Realizing the fact, various end-use industries are investing heavily in order to reap the profits in highly dynamic and competitive market environments.
According to the market research report on "Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Technology (Machine Learning, Context Awareness, NLP), Deployment Type, Security Type, Security Solution, End-User, and Geography – Global Forecast to 2025", published by MarketsandMarkets, the market is expected to be valued at USD 3.92 Billion in 2017 and is likely to reach USD 34.81 Billion by 2025, at a CAGR of 31.38%
The AI in security market is expected to be valued at U.S.D 3.92 billion in 2017 and is likely to reach U.S.D 34.81 billion by 2025, at a CAGR of 31.38 percent during the forecast period. Factors such as the increasing U.S.e of the Internet and constant need for employees to be online are contributing to the growth of the market.