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  • 26 March 2019 23:05

Artificial Intelligence-Based Security Market is Expected to Register Highest CAGR, Owing to Increasing Adoption of Machine Learning Technologies

Global Artificial Intelligence-based Security Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027

Artificial Intelligence is the development of computer systems that are able to perform tasks that would require human intelligence such as visual perception, speech recognition, decision-making, and translation between languages. Artificial intelligence is also used for controlling access to hardware, software, and data, along with providing protection against cyber-attacks and damage. For example, Intrusion Detection System is a mode of software security that automatically detect in case of anyone is trying to hack confidential data through malicious activities or security policy violations and alerting user regarding intrude data. In addition, cryptography is also another method of analyzing and transmitting data in a particular or encrypted format to intended user.

Increasing adoption of Internet of things (IoT) is a key factor expected to drive growth of the global Artificial Intelligence-Based Security Market over the forecast period. Internet of things is used to protect and secure the network connecting IoT devices to back-end systems on the Internet.

In addition, rising technological advancements and increasing use of 2G, 3G, 4G, 5G Long-Term Evolution (LTE) wireless networks are some other factors expected to further fuel growth of the target market over the forecast period. These cellular network offers connectivity and communications to exchange real time data, information, and online transaction activities.

The Artificial Intelligence-Based Security Market is segmented on the Basis of security Type, technology and regions. On the basis of security Type, the global market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security. The Cloud Security segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.

On the basis of technology, the global market is segmented into Machine Learning, Context, Awareness Computing, Natural Language Processing. The Machine Learning segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.

Key players in the global market include Intel Corporation, Nvidia Corporation, Xilinx, Inc., Samsung Electronics Co., Ltd., Micron Technology, Inc., International Business Machines Corporation, Cylance Inc., ThreatMetrix Inc., Securonix, Inc., Acalvio Technologies Inc.

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