Artificial intelligence simply measures the relation between input and output variables, thus
true insights on the problem and nature of the solution are not guaranteed. This poses as a
restraint for growth of the global market of artificial intelligence based security.
North America accounted for the largest market share in 2016
North America held a dominant position in the global artificial intelligence based security market
in 2016, and is expected to retain its dominance throughout the forecast period. This growth is
attributed to rising cyber-attacks in this region. U.S. accounted for the major market share in
the region, owing to constant cyber-attacks on industries such as healthcare, banking and
financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint
Center (IC3), in 2016, cybercrimes were valued at over US$1.33 billion globally, in which,
California witnessed the highest recorded loss with over US$ 255 million. Additionally, in 2016,
around 28% of web application attacks were recorded in the U.S., followed by the Netherlands
and Germany.
The market in Asia Pacific is estimated to exhibit the highest CAGR over the forecast period. This
is attributed to rising adoption of machine learning and natural language processing
technologies as well as increasing number of 5G pilot projects in the region. This in turn, is
expected to boost the AI in security for application in the telecom industry. For instance, China
Telecom Corporation Ltd. established a new 5G base station in Lanzhou on December 2017, to
expand 5G pilot projects in China. This in turn, is expected to boost growth of the artificial
intelligence based security market over the forecast period.
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Key companies
Major players operating in the global artificial intelligence based security market include
Nvidia Corporation, Intel Corporation, Xilinx Inc., Samsung Electronics Co., Ltd.,
Micron Technology, IBM Corporation, Cylance Inc., Threatmetrix, Securonix, Inc., Amazon, Sift
Science, Acalvio Technologies, and Skycure Inc.