Artificial Intelligence in Security Market Worth $50 Billion by 2027

Artificial Intelligence in Security Market by Offering (Hardware, Software, Service), Security Type (Network Security, Application Security), Technology (Machine Learning, NLP, Context Awareness,), Solution, End-User, and Region – Global Forecast to 2027

The Artificial Intelligence in Security Market will increase at a CAGR of 22.9% from 2019 to 2027 to exceed market revenue beyond $50 billion by 2027. Internet of Things (IoT), growing cyber-attacks, shortage of cybersecurity professionals, increasing cyber terrorism are the key factors driving the growth of this market. Growing adoption of Wi-Fi networks which are highly vulnerable to security threats, strict directives for information privacy, and rising variety of mobile malware attacks are also contributing towards the proliferation of AI in security. However, rapidly increasing corporate executive cyber threats, limited security budgets of companies, and inability of AI to stop zero-day and advanced threats are expected to hinder the growth of this market to some extent. On the other hand, lack of cybersecurity and AI professionals is one of the key challenges of this market.