Technology & Telecommunications

According to a market report by Lucintel, the future of artificial intelligence in the global security market looks promising with opportunities in the BFSI, retail, government & defense, manufacturing, infrastructure, enterprise, healthcare, and automotive & transportation industries. The use of artificial intelligence in the global security market is expected to reach an estimated $8.0 billion by 2028 with a CAGR of 21.7% from 2023 to 2028. The major drivers for this market are growing concerns for data protection, increasing demand for cloud-based security solutions, and rising dependency on home networks for internet access.



On-premise and cloud are different segments of artificial intelligence in security by deployment. Lucintel forecasts that on-premise will remain the larger deployment segment over the forecast period due to growing concerns towards the expansion of internal systems and increasing demand for advanced security application software among various industries.

Within this market, BFSI will remain the largest end use industry segment from 2023 to 2028 due to an increase in the number of cyber attacks in financial and banking service sector.



North America will remain the largest region during the forecast period due to early adoption of IoT and 5G technologies, an increase in the number of connected devices, and growing concerns about the susceptibility of Wi-Fi networks to security attacks.



Acalvio Technologies, Amazon.Com, Cylance, Darktrace Limited, IBM Corporation, Intel Corporation, Micron Technology, Nvidia Corporation, Samsung Electronics Co., and Securonix are the major suppliers in the global artificial intelligence in security market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for artificial intelligence in the global security market by security type, deployment, technology, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Artificial Intelligence in in the global Security Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for artificial intelligence in the global security market by security type, deployment, technology, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the artificial intelligence in security market by security type (network security, application security, and cloud security), deployment (on-premise and cloud), technology (machine learning, natural language processing (NLP), context awareness computing),  end use industry (BFSI, retail, government & defense, manufacturing, infrastructure, enterprise, healthcare, and automotive & transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?