Market HighlightsThe Global Artificial Intelligence (AI) in Security Market was valued at USD 4.97 billion in 2018 and is expected to reach USD 23 Billion by 2024, registering a 31.86% CAGR during the forecast period of 2019–2024.
Increasing adoption of connected devices, development in computing power technology, developing machine learning and deep learning technology, and increasing instances of cyberattacks are some of the major factors driving the growth of global artificial intelligence (AI) in security market.
Increasing adoption of cloud-based solutions and services and government support and investment in research and development of artificial intelligence technology are some of the contributing factors in the creation of fruitful opportunities for the market players in the coming years.
However, software and hardware security, data integrity, model security, and data privacy are some of the primary challenges faced by the players in the global artificial intelligence (AI) in security market.The rise in demand for automation of process and services across different enterprises is identified as the major factor that is surging the adoption of artificial intelligence technology.
The growing inclination of organizations towards deploying effortless and robust security solutions is expected to impel the global artificial intelligence in security market.
Increase in cognizance about artificial technology, quick absorption of AI in security system of different industries, and intensifying faith of deployers in the technology are other factors that are expected to promote the market growth.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7912Competitive Analysis:Nvidia CorporationIntel CorporationSamsung ElectronicsIBM CorporationGoogle, Xilinx Inc.Micron TechnologiesInc.Cylance Inc.LexisNexis Risk Solutions Inc.Securonix, Inc.Acalvio Technologies Inc.Symantec CorporationSparkcognition Inc.Segmentation:Global artificial intelligence (AI) in security market has been segmented based on component, deployment, security type, technology, and vertical.By component, the market has been bifurcated into hardware and software.