Explore AI’s disruptive impact in cybersecurity as Vantage Market Research estimates a $22.5 billion market by 2030 due to improvements and increased demand.
As enterprise security risks develop and grow over time, their management may be aided by the incorporation of AI into cybersecurity systems. As a result, a recent Vantage Market Research analysis projects that the market for AI-driven security would expand significantly by 2030.
The market for AI in security is continuing to increase as a result of expanding advancements in artificial intelligence (AI) and machine learning (ML). Vantage Market Research’s analysis makes the following prediction:
According to a report from Vantage Market Research, the market for AI in security will grow from its estimated value of over $6.6 billion in 2022 to almost $22.5 billion by 2030, at a CAGR of 16.4% during the projected period.
The research says that the growth of AI in security is also being fueled by the sharp rise in demand for AI across numerous industries, sectors, and businesses. A portion of the growth is also attributed to the expansion of mobile malware, which calls for additional security measures.
During the projected term of the report, North America emerged as the favorite to hold the highest share of the AI in security market. It was noted that a key element influencing the market’s growth in the near future will be the government’s drive to advance AI technology.
During the projection period, Al’s security market is anticipated to develop at its fastest rate in the Asia Pacific region. The top four economies in the Asia-Pacific area in terms of income generation are expected to be Japan, China, South Korea, and India.
Also contributing to the expansion of AI in security in the region is China, which has made significant investments in the AI industry and begun developing specialized knowledge in ML and deep learning technologies.
“AI accessibility in underserved communities” is being expanded
Recently, the leading global technology business Intel Corporation teamed with the AI firm Flapmax to promote AI innovation and promote economic empowerment throughout Africa. Through the FAST Accelerator program, the cooperation intends to give entrepreneurs in emerging countries, starting with Africa, access to technology as well as training, mentorship, and investment options.
FAST is intended to promote startups developing cloud-based and AI-enabled goods and services that benefit organizations, businesses, and governments.
“Flapmax has been working with Intel to develop sustainable digital solutions that easily expand AI accessibility in underserved communities, and we are excited to build on our momentum with the FAST Accelerator program,” said Dr. Dave Ojika, founder and CEO of Flapmax.
“The key to making a significant social impact is bridging the knowledge gap in technical growth.
“Through this collaboration with Intel, Flapmax will empower innovators in Africa and other technologically underserved communities with cutting-edge tools and cutting-edge curricula, including generative AI, robotics, and deep tech.”