AI in the security market is expected to be valued at USD 3.92 billion in 2017 and is likely to reach USD 34.81 billion by 2025, at a CAGR of 31.38 percent, predicts Research and Markets. Factors such as the increasing use of the internet and constant need for employees to be online are contributing to the growth of the market. Another major factor boosting the demand for AI-based security solutions is the shortage of cybersecurity professionals. The use of AI-based solutions for cybersecurity can mitigate the need for cybersecurity professionals. The inability of AI to stop zero-day and advanced threats, and limited security budgets of companies are the two major factors restraining the growth of the AI in the security market.
The market for machine learning technology is expected to grow at a high rate between 2017 and 2025. Machine learning enables systems to automatically improve their performances with experience. This technology can reliably and quickly scan, parse, and react to anomalies. The information gathered can be shared with their human counterparts, thereby mitigating cyberattacks. Machine learning can also help operators reverse engineer attacks to make improvements to their systems, by addressing and preventing attacks before they happen. Machine learning’s ability to collect and handle big data, along with its increased ability to perform previously impossible calculations, is fueling the growth of the market for machine learning.
AI in security market in APAC is expected to grow at a high rate between 2017 and 2025. APAC countries such as India, Australia, Japan, China, and South Korea are vulnerable to cyberattacks. With the increasing incidents of cyberattacks and a growing cyber-war in the region, organizations and governments are focusing on a robust defense infrastructure. SMEs and large enterprises in this region are rapidly adopting cybersecurity solutions to ensure security of their networks, web, and mobile applications. High adoption of advanced technologies, such as Internet of Things (IoT), big data analytics, and cloud computing, and rising concerns about data security in the region are expected to drive the growth of the AI in security market in APAC.