The AI Trust, Risk And Security Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s AI Trust, Risk And Security Management Global Market Report 2024, The AI trust, risk and security management market size is expected to see rapid growth in the next few years. It will grow to $4.64 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to increasing cybersecurity threats, increasing demand for personalized risk management solutions, increasing cross-industry adoption, increasing demand for real-time analysis, increasing use of ai in fraud detection, rising concerns over ai ethics and privacy. Major trends in the forecast period include technological advancements, advances in autonomous security systems, advancements in blockchain technology, advances in ai and machine learning, and cross-sector collaboration.
Increasing cyber threats are expected to propel the growth of the AI trust, risk, and security management market going forward. Cyber threats are malicious activities conducted through digital networks or systems aimed at causing damage, stealing data, or disrupting operations. AI trust, risk, and security management are useful for preventing cyber threats by enabling early detection and proactive mitigation of potential risks. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, the number of cybercrime reports received in 2021-2022 was 76,000, an increase of nearly 13% from the 2020-2021 financial year. Therefore, increasing cyber threats are driving the growth of the AI trust, risk, and security management market.
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The ai trust, risk and security management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud Based
3) By Enterprise Size: Large Enterprise, Small And Medium-Sized Enterprise
4) By Application: Banking, Financial Services, And Insurance(BFSI), Retail And E-Commerce, Healthcare, Automotive, Energy And Utilities, Other Applications
Major companies operating in the AI trust, risk and security management market are focused on developing a secure AI framework to increase their profitability in the market. A Secure AI Framework for AI Trust, Risk, and Security Management is a set of guidelines and best practices designed to ensure the ethical, transparent, and safe use of AI technologies, minimizing risks and enhancing trustworthiness. For instance, in June 2023, Google LLC, a US-based technology company, launched SAIF, representing a robust security infrastructure for AI. It focuses on solid security bases, effective data management, uniform platform regulations, and efficient security and compliance strategies while adapting AI deployment controls. SAIF also incorporates Google’s top practices in software safety, centering on ethical AI creation and utilization.
The ai trust, risk and security management market report table of contents includes:
1. Executive Summary
2.AI Trust, Risk And Security Management Market Characteristics
3.AI Trust, Risk And Security Management Market Trends And Strategies
4.AI Trust, Risk And Security Management market analysis
5.AI Trust, Risk And Security Management Market Size And Growth
6.AI Trust, Risk And Security Management Segmentation
7.AI Trust, Risk And Security Management Regional And Country Analysis
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27.AI Trust, Risk And Security Management Competitive Landscape And Company Profiles
28.AI Trust, Risk And Security Management Key Mergers And Acquisitions
29.AI Trust, Risk And Security Management Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Google LLC
- AT&T Inc.
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- ARTHUR.ai
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