Artificial Intelligence-based Security Market-Global Trends, and Forecast till 2025

Artificial Intelligence-based Security Market

The banking and finance sector is witnessing significant changes due to adoption of IT solutions for improvement of banking services. Proliferation in online transactions and increasing use of services such as NEFT (National Electronic Fund Transfer), RTGS (Real-time Gross Settlement Systems), ECS (Electronic Clearing Service) as well as mobile transactions, is in turn, increasing the demand for secure solutions. Increasing number of payment gateways, e-Commerce websites, and mobile application that accept online transactions and store credit card and debit card information are also increasing the susceptibility to hacking.

According to the Reserve Bank of India (RBI), during 2015–2016, 16,468 frauds associated with ATM, debit card, credit card, and net banking were reported. The number recorded in 2015, was higher than that recorded in 2014, accounting for 13,083 frauds and that recorded in 2013, accounting for 9,500. Due to this, an increasing adoption of Artificial Intelligence Based Security is being witnessed in the banking and finance sector.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1247

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 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.

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.

You can Request For Customization As per your Need @ https://www.coherentmarketinsights.com/insight/request-customization/1247

You may be interested

Closed MRI Systems Market – Latest Advancements & Market Outlook 2018 to 2026
Healthcare
Healthcare

Closed MRI Systems Market – Latest Advancements & Market Outlook 2018 to 2026

Pareesh Phulkar - May 21, 2018

Magnetic resonance imaging (MRI) is a non-invasive medical test that uses powerful magnetic field, radio waves, and a computer to produce detailed virtual image of internal organs…

Rising number of surgical procedures coupled with increasing trauma cases to foster global hemostasis & tissue sealing agents market
Healthcare
Healthcare

Rising number of surgical procedures coupled with increasing trauma cases to foster global hemostasis & tissue sealing agents market

Albert R - May 19, 2018

Hemostasis is a physiological processes, which maintains fluidity of blood by preventing blood loss from body. Hemostasis is characterized by clot formation by activating the natural coagulation…

Synovial Sarcoma Treatment Market Regional Insights
Healthcare
Healthcare

Synovial Sarcoma Treatment Market Regional Insights

Albert R - May 19, 2018

Synovial sarcoma consists of abnormal growth of soft-tissue. Synovial sarcoma is a rare type of cancer and is more prevalent in teenagers and young adults. Synovial sarcoma…

Most from this category