Global AI In Security Market is Anticipated To Touch a Value of $22 Billion By 2030

CIOTechOutlook Team | Wednesday, 02 August 2023, 03:39 IST

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The Global AI in Security Market, which was estimated to be worth USD 6689.51 Million in 2022, is anticipated to grow at a CAGR of 16.40% over the forecast period to reach USD 22543.34 Million by 2030. 
 
The market for AI-powered security is anticipated to expand significantly until the end of this decade and perhaps long beyond! By incorporating AI into cyber security systems, rising risks encountered by international firms can be reduced, driving up demand for AI in the security industry through 2030. The main drivers of the AI in Security market in the coming years will be the expanding advances in artificial intelligence and machine learning. 
 
The report said: "Increasing adoption of Wi-Fi networks which is highly unprotected to security threat, rising variety of mobile malware are also contributing towards the expansion of AI in Security and substantially increasing the demand for AI in various businesses and drives the growth of AI in Security market in the upcoming years. The Ai in Cyber security market is assisting various businesses in reporting, monitoring, opposing and detecting cyber threats to sustain the privacy of data which is which is increasing the demand of AI during the forecast period. The growth in the adoption of connected devices and computer power technology are driving the AI in Security market growth during the forecast period."
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