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.
According to the new market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets, the Artificial Intelligence Market is expected to be valued at USD 21.5 billion in 2018 and is likely to reach USD 190.6 billion by 2025, at a CAGR of 36.6% during the forecast period. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and an increase in demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts. Critical challenges facing the AI market include concerns regarding data privacy and the unreliability of AI algorithms. Underlying opportunities in the artificial intelligence market include improving operational efficiency in the manufacturing industry and the adoption of AI to improve customer service.
Visiongain has launched a new cyber report Artificial Intelligence in Cyber Security Market Report 2019-2029: Forecasts by Component (Hardware, Software, Services), by Deployment Type (On-premise, Cloud, Hybrid), by Security Type (Endpoint Security, Network Security, Application Security, Cloud Security), by Technology (Machine Learning, Natural Language Processing, Context Awareness Computing), by Application (Antivirus/Antimalware, Identity and Access Management (IAM), Risk and Compliance Management, Intrusion Detection/Prevention Systems, Encryption, Unified Threat Management (UTM), Data Loss Prevention (DLP), Others), by Industry (Enterprise, BFSI, Government & Defence, Retail, Healthcare, Manufacturing, Automotive & Transportation, Others), Leading Company Analysis, Regional and Leading National Market Analysis. The increasing number of cyber frauds and malicious attacks is one of the prime growth factors of artificial intelligence in the cyber security market. In addition, the growing adoption of bring your own devices (BYOD) in organisations is also anticipated to drive the growth of artificial intelligence in the cyber security market. With the rising incidences of cyber-crimes, artificial intelligence in the cybersecurity market will gain traction in years to come. Cyber-frauds such as identity and payment card thefts, account for over 55% of all cyber-crimes and may prove costly for organisations, if not resolved quickly.
Global Artificial Intelligence (AI) Market Outlook Market Overview In the era of digitalization and rapidly changing technology, Artificial intelligence technology is one the fastest evolving technology across the globe. Further this technology has vast applications in various sectors like healthcare and manufacturing. Artificial intelligence has potential to lift various industries by reducing the human effort and increasing productivity. The AI technology will transform the functionality of various sectors such as agriculture, Industrial, BFSI, Healthcare among others by providing ease to consumers and the users. Artificial intelligence consists of various technologies such as natural language processing, quarrying, deep learning etc which can be implemented in various applications.