Artificial Intelligence In Security Market Size, Share, Growth Analysis, By Security Type(Network Security, Endpoint Security), By Deployment(On-Premise, Cloud), By Offering(Hardware, Software), By Service(Professional, Managed), By Technology(Machine Learning, Natural Language Processing (NLP)), By Application(Identity, Access Management), By Vertical(BFSI, Retail) - Industry Forecast 2024-2031

North America held the largest market share in 2022 owing to the exponential growth of IoT, 5G, and Wi-Fi 6 along with an increase in network-connected devices. 5G network expansion is driven by businesses in the automotive, healthcare, government, energy, and mining industries. In 2022, the US held the greatest market share in North America. North America is a pioneer in the adoption of cutting-edge technology like AI because banks, government organisations, and financial institutions. The US encounters difficulties as a result of cyber threats. In order to manage the cybersecurity landscape, cutting-edge technologies are used. Additionally, a number of cybersecurity providers have offices in the US, which has helped the AI in cybersecurity industry to flourish in North America.

Europe is expected to witness a substantial growth rate during the forecast period. This can be attributed to the strong government regulations and an increase in cybercrime cases in the government, healthcare, automobile, IT & telecommunication industries. Stakeholders have anticipated an increased spending by United Kingdom, France, Germany, and Russia to identify threats and unusual activities on their networks, which has prompted the cybersecurity solution providers to expand their AI portfolios.