The artificial intelligence (AI) based security market was valued at US$ 2.94 billion in 2016 and is projected to reach US$ 31.49 billion by 2025, exhibiting a CAGR of 30.25% during the forecast period, Artificial intelligence (AI) is group of methodology that focuses on formation of intelligent machines with the help of human intelligence such as visual perception, speech recognition, decision-making, and translation between languages. Artificial intelligence can also be utilized for controlling access to hardware, software, and data, along with protecting them from cyber-attacks and damage that may be caused through the Internet, data, and code injection.
Market Dynamics:
Increasing adoption of Internet of things (IoT) is expected to drive growth of the global artificial intelligence based security market. Internet of things is used to protect and secure the network connecting IoT devices to back-end systems on the Internet. IoT security authenticates an IoT device by managing multiple users of a single device platform. Moreover, it ranges from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates, and biometrics. For instance, according to IHS Markit—a database provider—15.4 billion IoT connected devices were reported in 2015, across the globe. A unique technology called ‘User Pre-Shared Key’ (UPSK), is used for every device within the network to ensure IoT device security. .
IoT technology also aids in connecting the physical and digital world. It can track objects, collect data, analyze it, and take required action. It can also be used to monitor activities of an object along with its progress in a specific time period.
Key features of the study:
This report provides in-depth analysis of artificial intelligence based security, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global artificial intelligence based security market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Honeywell International Inc., Aavid Thermalloy LLC., Vertiv Co., European Thermodynamics Ltd., Master Bond Inc., Laird PLC, Henkel AG & Company KGaA, Delta Electronics, Inc., Advanced Cooling Technologies, Inc., Dau Thermal Solutions Inc, and Amerasia International (AI) Technology Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, product up-grades, expansion, and marketing tactics
The global artificial intelligence based security market report caters to various stakeholders in this industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the artificial intelligence based security market
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