Global Artificial Intelligence (AI) in Security Market to Reach $102.4 Billion by 2030
The global market for Artificial Intelligence (AI) in Security estimated at US$28.8 Billion in the year 2023, is expected to reach US$102.4 Billion by 2030, growing at a CAGR of 19.9% over the analysis period 2023-2030. AI Software, one of the segments analyzed in the report, is expected to record a 19.7% CAGR and reach US$47.3 Billion by the end of the analysis period. Growth in the AI Hardware segment is estimated at 18.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.1 Billion, While China is Forecast to Grow at 19.3% CAGR
The Artificial Intelligence (AI) in Security market in the U.S. is estimated at US$9.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.7 Billion by the year 2030 trailing a CAGR of 19.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.
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