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AI Trust, Risk and Security Management Market Trends

Report ID: GMI8651
Published Date: Mar 2024
Report Format: PDF

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AI Trust, Risk and Security Management Market Trends

The AI trust, risk, and security management industry has witnessed significant technological advancements. As AI technology evolves, so do the potential security vulnerabilities it faces. Advancements in fields, such as adversarial Machine Learning (ML) and AI-specific hacks need the development of increasingly powerful security solutions. These improvements boost the AI trust, risk, and security management industry by fueling the development of new tools and strategies to address emerging threats.

Advancements in anomaly detection and real-time monitoring enable AI trust, risk, and security management solutions to continually evaluate the performance and security of AI systems. This enables the early detection of possible hazards before they occur, enhancing the overall AI security posture.

For instance, in October 2023, IBM launched AI-powered threat detection and response services, aimed at enhancing security measures and accelerating response times for organizations facing cyber threats. These services provide continuous monitoring, investigation, and automated remediation of security alerts across various technologies within clients' hybrid cloud environments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI trust, risk and security management was USD 2.1 billion in 2023 and is set to witness 16.5% CAGR from 2024 to 2032, owing to the increasing demand for trustworthy AI systems worldwide.

The solutions segment recorded over USD 1.3 billion in 2023, due to their broader range of functionalities than other categories.

North America market reached over 35% share in 2023, attributed to the presence of major technological businesses at the cutting edge of AI development in the region.

Darktrace Limited, Fortinet, Inc., Google LLC, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc., and SAS Institute Inc., are some of the major AI trust, risk and security management companies worldwide.