Innovative Applications and R&D Drive the AI Trust, Risk, and Security Management Market Growth

Published: Jun 2024

Global AI trust, risk, and security management market is anticipated to grow at a CAGR of 20.3% during the forecast period (2024-2031). The global AI trust, risk, and security management market leverages AI technologies to address cybersecurity challenges and strengthen organizational resilience. It encompasses various applications, including threat detection and prevention, anomaly detection, vulnerability management, security analytics, user and entity behavior analytics, identity and access management, security orchestration, automation, and response, endpoint security, network security, and cloud security. AI-powered systems analyze vast amounts of data in real-time to identify and mitigate potential cyber threats, while also detecting anomalies in user behavior, network traffic, and system activity to help organizations respond to suspicious activities. Security orchestration, automation, and response platforms play a crucial role in streamlining security operations, protecting endpoints from malware, monitoring network traffic, and identifying potential threats. 

Browse the full report description of “AI Trust, Risk and Security Management Market Size, Share & Trends Analysis Report by Component (Solution, and Services), and by End User (IT & Telecommunication, BFSI, Manufacturing, Retail & E-Commerce, Healthcare, Government, Media & Entertainment, and Others (Energy and Utilities, and Transportation and Logistics), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ai-trust-risk-and-security-management-market

Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance, in April 2024, Sysdig introduced AI Workload Security, a new feature in its cloud-native application protection platform. This tool helps security teams understand AI environments, identify suspicious activity and fix issues quickly. It allows companies to prioritize workloads using AI engines and software packages like OpenAI, Hugging Face, TensorFlow, and Anthropic. The integration of AI Workload Security with Sysdig's unified risk findings feature simplifies triage and response times.

In January 2023, the US Department of Commerce's National Institute of Standards and Technology (NIST) released its Artificial Intelligence Risk Management Framework (Framework), designed to assist organizations in designing, developing, deploying, or using AI systems. The framework is divided into two parts namely foundational information and core & profiles. It focuses on framing AI-related risks and outlines the characteristics of trustworthy AI systems, emphasizing collective responsibility and diverse perspectives. The framework's effectiveness will be evaluated by NIST and the AI community.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Component

o By End User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Accenture PLC, AT&T Inc., Darktrace Holdings Ltd., IBM Corp., and Oracle Corp., among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global AI Trust, Risk, and Security Management Market Report Segment

By Component

Solution

o Risk & compliance management

o Continuous monitoring & analytics

o Data privacy & security

o Others

Services

o Professional service

o Managed service

By End-User

  • IT & Telecommunication
  • BFSI
  • Manufacturing
  • Retail & E-Commerce
  • Healthcare
  • Government
  • Media & Entertainment
  • Others (Energy and Utilities, and Transportation and Logistics)

Global AI Trust, Risk, and Security Management Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/ai-trust-risk-and-security-management-market