Artificial Intelligence in the Global Security Market is anticipated to grow at a CAGR of 21.7% during 2023-2028

iCrowd Newswire
26 May 2023, 03:50 GMT+10

The global artificial intelligence in the global security market is projected to reach $8.0 billion by 2028, at a CAGR of 21.7% during 2023-2028. The growth of artificial intelligence in the global security market is driven by growing concerns about data protection, increasing demand for cloud-based security solutions, and rising dependency on home networks for internet access.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the artificial intelligence in the global security market by security type (network security, application security, and cloud security), deployment (on-premise and cloud), technology (machine learning, natural language processing, context awareness computing), end use industry (BFSI, retail, government & defense, manufacturing, infrastructure, etc), and regions?

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

Q.3 What are the business risks and threats to the artificial intelligence in the global security market?

Q.4 What are some changing demands of customers in the artificial intelligence in the global security market?

Q.5 What are the new developments in the artificial intelligence in the global security market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this artificial intelligence in the global security area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this artificial intelligence in the global security market?

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Market Segmentation:

Based on deployment, the artificial intelligence in the global security market is segmented into on-premise and cloud. The on-premise segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing concerns towards the expansion of the internal systems and increasing demand for advanced security deployment software among various industries.

North America will remain the largest region during the forecast period due to the 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.

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

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/artificial-intelligence-in-the-global-security-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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.

Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056

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