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2018 $11.95 Bn Artificial Intelligence in Security Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024 - ResearchAndMarkets.com

October 1, 2018

DUBLIN--(BUSINESS WIRE)--Oct 1, 2018--The “Artificial Intelligence in Security Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.

The AI in security market is expected to reach $11.95 billion by 2024, growing at a CAGR of around 34.9% during the forecast period.

The market is expected to witness a surge in the next few years, factors such as growing need of technologies like AI, machine learning and deep learning to tackle the evolving threats and advanced persistent threats which remain undetected within the network which steal data, increasing number of security breaches and increasing BYOD trends have further pushed the growth of AI in security market during the forecast period.

As digital threats and cybercrimes are rising in number, security needs to be enhanced. Security now needs constant supervision and adaptation to the current market scenarios. With the rise in connected enterprises, devices and applications, the businesses are becoming more vulnerable as they are connected to a mass of independent endpoints. AI in security provides an enticing proposition with its proactive threat mitigation capabilities which is needed for constant supervision and adaptation to the multifaceted security vulnerabilities faced by modern digitalized economy.

With the increasing use of sophisticated techniques for cybercrimes, there is a rising need for AI based techniques to counter the threats from malicious software bots. AI can be used to fight against various cyber threats including spear phishing, watering hole attack, webshell, ransomware, DDoS attacks, and remote exploitation, by identifying and preventing them from proliferating into the systems. AI based security systems can analyze even those threats which have not occurred in the past unlike traditional based security systems.

Market Dynamics

Drivers

Cost incurred from increasing severity of security breaches Assurance of security professionals on greater reliability on AI based security Huge demand to bridge the existing security gaps

Restraints

Lack of data scientists Vulnerabilities in AI platforms

Opportunities

Competence in advanced persistent threat (APT) protection Stringent regulations to maintain compliance and data privacy

Key Topics Covered:

1 Industry Outlook

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Software Tools

7 Security Type: Market Size & Analysis

8 Applications: Market Size & Analysis

9 Verticals: Market Size & Analysis

10 Regions

11 Vendor Profiles

12 Other Prominent Vendors

13 Competitive Landscape

14 Annexure

15 Abbreviations

Companies Mentioned

Amazon Cylance Darktrace IBM Corporation LogRhythm Palo Alto Networks Inc. Securonix Sift Science ThreatMetrix

For more information about this report visit https://www.researchandmarkets.com/research/qxv75p/2018_11_95_bn?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005802/en/

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Related Topics:Artificial Intelligence

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/01/2018 12:33 PM/DISC: 10/01/2018 12:33 PM

http://www.businesswire.com/news/home/20181001005802/en

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