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AI Trust, Risk and Security Management Market Share

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

AI Trust, Risk and Security Management Market Share

IBM and Microsoft held significant revenue share of over 8% market share in 2023. They major players are actively innovating to address evolving challenges and capitalize on emerging opportunities. They are investing in the development of comprehensive solutions that combine AI-driven analytics, cybersecurity technologies, and risk management frameworks to enhance trust, mitigate risks, and ensure compliance with regulatory requirements. IBM prioritizes security in its AI development & deployment processes, incorporating security measures, encryption protocols, and threat detection features into its AI platforms and software to minimize cybersecurity threats and safeguard confidential information.
 

Microsoft provides solutions and tools designed to assist organizations in meeting regulatory compliance standards for data protection, privacy regulations, and AI governance. These offerings empower customers to effectively manage risk and adhere to legal and regulatory requirements when implementing AI technologies.
 

AI Trust, Risk and Security Management Market Companies

Major companies operating in the AI trust, risk and security management industry are:

  • Amazon Web Services (AWS)
  • CrowdStrike Holdings, Inc.
  • Darktrace Limited
  • Fortinet, Inc.
  • Google LLC
  • International Business Machines Corporation (IBM)
  • Microsoft Corporation
  • Oracle Corporation
  • Palo Alto Networks, Inc.
  • SAS Institute Inc.
     
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.

AI Trust, Risk and Security Management Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 290
  • Countries covered: 25
  • Pages: 255
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