Artificial Intelligence-based Security Market - Global Trends, and Forecast till 2025
Artificial intelligence (AI) is group of
methodology that focuses on formation of intelligent machines with
the help of human intelligence such as visual perception, speech
recognition, decision-making, and translation between languages.
Artificial intelligence can also be utilized for controlling access
to hardware, software, and data, along with protecting them from
cyber-attacks and damage that may be caused through the Internet,
data, and code injection.
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Market Dynamics
Increasing adoption of Internet of things (IoT) is
expected to drive growth of the global artificial intelligence based
security market. Internet of things is used to protect and secure the
network connecting IoT devices to back-end systems on the Internet.
IoT security authenticates an IoT device by managing multiple users
of a single device platform. Moreover, it ranges from simple static
password or pins to more robust authentication mechanisms such as
two-factor authentication, digital certificates, and biometrics. For
instance, according to IHS Markit—a database provider—15.4
billion IoT connected devices were reported in 2015, across the
globe. A unique technology called ‘User Pre-Shared Key’ (UPSK),
is used for every device within the network to ensure IoT device
security. .
Artificial intelligence is a branch of computer
science, which uses visual perception, speech recognition,
decision-making, and translation between languages, to make a machine
intelligent without assistance of humans. Artificial intelligence
techniques can be used for security management purposes to protect
any system from security attacks or threats by warning the user in
real-time. For example, Intrusion Detection System is a mode of
security software that can automatically detect if someone is trying
to hack confidential information through malicious activities or
security policy violations, further alerting the user about the
attempt to intrude data. Similarly, cryptography is a method of
analyzing and transmitting data in a particular form that shares the
data only with an intended user.
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.
Key companies
Major players operating in the global artificial
intelligence based security market include Nvidia Corporation,
Intel Corporation, Xilinx Inc., Samsung Electronics Co.,
Ltd., Micron Technology, IBM Corporation, Cylance Inc.,
Threatmetrix, Securonix, Inc., Amazon, Sift Science,
Acalvio Technologies, and Skycure Inc.
Detailed Segmentation:
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Global artificial intelligence based security Market, By Offering:
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Hardware
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Software
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Services
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Global artificial intelligence based security Market, By Deployment Type:
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Cloud Deployment
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On-premise Deployment
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Global artificial intelligence based security Market, By Security Type:
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Network Security
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Endpoint Security
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Application Security
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Cloud Security
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