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Artificial Intelligence in Security Market Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024

  • Published Date: 18 Sep 2018
  • Number of Pages: 87
  • Category: Security
  • Country: Global
Artificial Intelligence in Security Market: Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
As digital threats and cybercrimes are rising in number, security needs to be enhanced. Security now needs constant supervision and adaption 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 Analysis:
According to Infoholic Research, 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 remains undetected within the network which steal the data, increasing number of security breaches and increasing BYOD trends has further pushed the growth of AI in security market during the forecast period.
Market Segmentation Analysis:
The report provides a wide-ranging evaluation of the market. It provides an in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections mentioned in the report have been derived using proven research methodologies and assumptions based on the vendors portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report serves every side of the market and is segmented based on Regional markets, Software Tools, Security Type, Application, and Verticals.
Competitive Analysis
The report covers and analyzes the AI in security market. As customers are in need of better and comprehensive software tools, the market will witness an increase in the number of strategic partnerships for better product development. With a large pool of startups offering customized solutions, the market is still very fragmented and will consolidate as mergers and acquisitions happen during the forecast period.
The report contains an in-depth analysis of the vendor profiles, which includes financial health, business units, key business priorities, SWOT, strategy; the prominent vendors covered in the report include IBM Corporation, Palo Alto Networks Inc., Amazon, Cylance, LogRhythm, Sift Science, Darktrace, Securonix, ThreatMetrix and others. The vendors have been identified based on the portfolio, geographical presence, marketing and distribution channels, revenue generation, and significant investments in R&D.
Companies including IBM Corporation, Palo Alto Networks, Cylance are the key players in the Supply Chain Analytics market. IBM and MIT are investing in MIT-IBM Watson AI Lab which is focusing towards developing AI algorithms and new applications of AI in various fields such as healthcare and cybersecurity. Recently in 2018, Palo Alto Networks announced that it had acquired Israel-based Secdo to add endpoint detection and response (EDR) capabilities for its advanced endpoint protection and the application framework.
The report also includes the complete insight of the industry and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenarios, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and to take informed decisions.
Regional Analysis
North America had the largest market share in 2017 and is expected to dominate the AI in security market during the forecast period. The market will experience a steep rise in this region. Factors driving the growth of the market in North America includes increasing government funding in this region, increasing IT security budgets which increased by more than 2% compared to the previous year, growing number of cyber-attacks, such as ransomware which has increased more than 50% worldwide with the US been the most affected country with ransomwares such as WannaCry and NotPetya, cryptojacking which disturbs the businesses financially and operationally, and growing presence of providers of AI based security solutions in the region.

Benefits
The report provides an in-depth analysis of AI in security market. One of the major advantage of using AI in security is that even the small deviations can be captured which were not possible in traditional signature based approaches. AI and machine learning applications can be used to fight against spear phishing, watering hole, webshell, ransomware, and remote exploitation by identifying the known as well as the unknown threats and preventing those threats before they can execute into the systems. The report is segmented based on Software Tools, Security Type, Application, Verticals and Regions related to this market. Further, the report also provides details about the major challenges impacting the market growth.
Publisher Name : Infoholic Research



1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 11
1.3 PEST Analysis 12
2 Report Outline 13
2.1 Report Scope 13
2.2 Report Summary 13
2.3 Research Methodology 15
2.4 Report Assumptions 15
3 Market Snapshot 16
3.1 Total Addressable Market (TAM) 16
3.2 Segmented Addressable Market (SAM) 16
3.3 Related Markets 17
4 Market Outlook 19
4.1 Overview 19
4.2 Market Trends and Impact 19
4.3 Market Segmentation 20
5 Market Characteristics 21
5.1 Ecosystem 21
5.2 Market Dynamics 22
5.2.1 Drivers 22
5.2.1.1 Cost incurred from increasing severity of security breaches 22
5.2.1.2 Assurance of security professionals on greater reliability on AI based security 23
5.2.1.3 Huge demand to bridge the existing security gaps 23
5.2.2 Restraints 24
5.2.2.1 Lack of data scientists 24
5.2.2.2 Vulnerabilities in AI platforms 24
5.2.3 Opportunities 25
5.2.3.1 Competence in advanced persistent threat (APT) protection 25
5.2.3.2 Stringent regulations to maintain compliance and data privacy 25
5.2.4 DRO Impact Analysis 26
6 Software Tools 27
6.1 Overview 27
6.2 Log Manager and Analyzer 28
6.3 Identity and Access Management (IAM) 29
6.4 Compliance 30
7 Security Type: Market Size & Analysis 32
7.1 Overview 32
7.2 Network Security 33
7.3 Endpoint Security 34
7.4 Application Security 35
7.5 Cloud Security 36
8 Applications: Market Size & Analysis 38
8.1 Overview 38
8.2 Pre-emptive Threat Intelligence 40
8.3 Anomaly Detection 40
8.4 Proactive Risk Assessment and Mitigation 41
9 Verticals: Market Size & Analysis 43
9.1 Overview 43
9.2 BFSI 45
9.3 Healthcare 45
9.4 Retail 46
9.5 Telecom and IT 47
9.6 Others (Government and Defense, Automotive and Transportation, Energy and Utilities) 48
10 Regions 50
10.1 Overview 50
10.2 North America 51
10.2.1 Market Size and Analysis 52
10.2.2 DRO For North America 52
10.2.3 US 54
10.2.4 Canada 55
10.3 Europe 55
10.3.1 Market Size and Analysis 56
10.3.2 DRO For Europe 56
10.3.3 UK 58
10.3.4 Germany 59
10.4 APAC 59
10.4.1 Market Size and Analysis 60
10.4.2 DRO for Asia Pacific 60
10.4.3 China 62
10.4.4 India 62
10.4.5 Japan 63
10.5 RoW (ME, Latin America, Africa) 63
10.5.1 Market Size and Analysis 64
11 Vendor Profiles 67
11.1 IBM Corporation 67
11.1.1 Overview 67
11.1.2 Business Units 68
11.1.3 Geographic Revenue 70
11.1.4 SWOT Analysis 70
11.1.5 Business Strategies 71
11.2 Palo Alto Networks 72
11.2.1 Overview 72
11.2.2 Geographic Revenue 73
11.2.3 SWOT Analysis 74
11.2.4 Business Strategies 75
11.3 Cylance 76
11.3.1 Overview 76
11.3.2 Business Strategies 76
11.4 Amazon 77
11.4.1 Overview 77
11.4.2 Business Units 78
11.4.3 SWOT Analysis 79
11.4.4 Business Strategies 80
11.5 LogRhythm 81
11.5.1 Overview 81
11.5.2 Business Strategies 81
12 Other Prominent Vendors 82
12.1 Sift Science 82
12.1.1 Overview 82
12.2 Darktrace 82
12.2.1 Overview 82
12.3 Securonix 83
12.3.1 Overview 83
12.4 Deep Instinct 84
12.4.1 Overview 84
12.5 ThreatMetrix 84
12.5.1 Overview 84
13 Competitive Landscape 86
Annexure 87
Abbreviations 87



List Of Tables



TABLE 1 AI IN SECURITY MARKET REVENUE BY SOFTWARE TOOLS, 20172024 ($BILLION) 28
TABLE 2 AI IN SECURITY MARKET REVENUE BY SECURITY TYPE, 20172024 ($BILLION) 33
TABLE 3 AI IN SECURITY MARKET REVENUE BY APPLICATION, 20172024 ($BILLION) 39
TABLE 4 AI IN SECURITY MARKET REVENUE BY VERTICALS, 20172024 ($BILLION) 44
TABLE 5 AI IN SECURITY MARKET REVENUE BY REGIONS, 20172024 ($BILLION) 51
TABLE 6 DRO FOR NORTH AMERICA 52
TABLE 7 NORTH AMERICA MARKET REVENUE BY SOFTWARE TOOLS 20172024 ($BILLION) 53
TABLE 8 NORTH AMERICA MARKET REVENUE BY SECURITY TYPE 20172024 ($BILLION) 53
TABLE 9 NORTH AMERICA MARKET REVENUE BY APPLICATION 20172024 ($BILLION) 54
TABLE 10 NORTH AMERICA MARKET REVENUE BY VERTICAL 20172024 ($BILLION) 54
TABLE 11 DRO FOR EUROPE 56
TABLE 12 EUROPE MARKET REVENUE BY SOFTWARE TOOLS 20172024 ($BILLION) 56
TABLE 13 EUROPE MARKET REVENUE BY SECURITY TYPE 20172024 ($BILLION) 57
TABLE 14 EUROPE MARKET REVENUE BY APPLICATION 20172024 ($BILLION) 57
TABLE 15 EUROPE MARKET REVENUE BY VERTICAL 20172024 ($BILLION) 58
TABLE 16 DRO FOR ASIA PACIFIC 60
TABLE 17 ASIA PACIFIC MARKET REVENUE BY SOFTWARE TOOLS 20172024 ($BILLION) 60
TABLE 18 ASIA PACIFIC MARKET REVENUE BY SECURITY TYPE 20172024 ($BILLION) 61
TABLE 19 ASIA PACIFIC MARKET REVENUE BY APPLICATION 20172024 ($BILLION) 61
TABLE 20 ASIA PACIFIC MARKET REVENUE BY VERTICAL 20172024 ($BILLION) 62
TABLE 21 ROW MARKET REVENUE BY SOFTWARE TOOLS 20172024 ($BILLION) 64
TABLE 22 ROW MARKET REVENUE BY SECURITY TYPE 20172024 ($BILLION) 65
TABLE 23 ROW MARKET REVENUE BY APPLICATION 20172024 ($BILLION) 65
TABLE 24 ROW MARKET REVENUE BY VERTICAL 20172024 ($BILLION) 65

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List Of Figures



CHART 1 PEST ANALYSIS OF AI IN SECURITY MARKET 12
CHART 2 RESEARCH METHODOLOGY 15
CHART 3 AI IN SECURITY MARKET REVENUE, 20172024 ($BILLION) 17
CHART 4 AI IN SECURITY MARKET SEGMENTATION 20
CHART 5 ECOSYSTEM OF AI IN SECURITY 21
CHART 6 MARKET DYNAMICS DRIVERS, RESTRAINTS & OPPORTUNITIES 22
CHART 7 DRO - IMPACT ANALYSIS OF AI IN SECURITY MARKET 26
CHART 8 AI IN SECURITY MARKET SHARE BY SOFTWARE TOOLS 2017 AND 2024 27
CHART 9 AI IN SECURITY MARKET BY SOFTWARE TOOLS 20172024 ($BILLION) 27
CHART 10 LOG MANAGER AND ANALYZER REVENUE 20172024 ($BILLION) 28
CHART 11 IDENTITY AND ACCESS MANAGEMENT REVENUE 20172024 ($BILLION) 29
CHART 12 COMPLIANCE REVENUE 20172024 ($BILLION) 30
CHART 13 AI IN SECURITY MARKET SHARE BY SECURITY TYPE 2017 AND 2024 32
CHART 14 AI IN SECURITY MARKET BY SECURITY TYPE 20172024 ($BILLION) 33
CHART 15 NETWORK SECURITY REVENUE 20172024 ($BILLION) 34
CHART 16 ENDPOINT SECURITY REVENUE 20172024 ($BILLION) 34
CHART 17 APPLICATION SECURITY REVENUE, 20172024 ($BILLION) 35
CHART 18 CLOUD SECURITY REVENUE, 20172024 ($BILLION) 36
CHART 19 AI IN SECURITY MARKET SHARE BY APPLICATIONS 2017 AND 2024 38
CHART 20 AI IN SECURITY MARKET BY APPLICATIONS 20172024 ($BILLION) 38
CHART 21 PRE-EMPTIVE THREAT INTELLIGENCE MARKET REVENUE, 20172024 ($BILLION) 40
CHART 22 ANOMALY DETECTION MARKET REVENUE, 20172024 ($BILLION) 41
CHART 23 PROACTIVE RISK ASSESSMENT AND MITIGATION MARKET REVENUE, 20172024 ($BILLION) 42
CHART 24 AI IN SECURITY MARKET SHARE BY VERTICALS 2017 AND 2024 43
CHART 25 AI IN SECURITY MARKET BY VERTICALS 20172024 ($BILLION) 43
CHART 26 BFSI MARKET REVENUE, 20172024 ($BILLION) 45
CHART 27 HEALTHCARE MARKET REVENUE, 20172024 ($BILLION) 46
CHART 28 RETAIL MARKET REVENUE, 20172024 ($BILLION) 47
CHART 29 TELECOM AND IT MARKET REVENUE, 20172024 ($BILLION) 48
CHART 30 OTHERS MARKET REVENUE, 20172024 ($BILLION) 49
CHART 31 AI IN SECURITY MARKET SHARE BY REGIONS, 2017 AND 2024 50
CHART 32 AI IN SECURITY MARKET BY REGIONS 20172024 ($BILLION) 50
CHART 33 NORTH AMERICA MARKET REVENUE, 20172024 ($BILLION) 52
CHART 34 EUROPE MARKET REVENUE, 20172024 ($BILLION) 56
CHART 35 ASIA PACIFIC MARKET REVENUE, 20172024 ($BILLION) 60
CHART 36 ROW MARKET REVENUE, 20172024 ($BILLION) 64
CHART 37 IBM CORPORATION: OVERVIEW SNAPSHOT 67
CHART 38 IBM CORPORATION: BUSINESS UNITS 68
CHART 39 IBM CORPORATION: GEOGRAPHIC REVENUE 70
CHART 40 IBM CORPORATION: SWOT ANALYSIS 70
CHART 41 PALO ALTO NETWORKS: OVERVIEW SNAPSHOT 73
CHART 42 PALO ALTO NETWORKS: GEOGRAPHIC REVENUE 73
CHART 43 PALO ALTO NETWORKS: SWOT ANALYSIS 74
CHART 44 AMAZON: OVERVIEW SNAPSHOT 77
CHART 45 AMAZON: BUSINESS UNITS 78
CHART 46 AMAZON: SWOT ANALYSIS 79



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