US artificial intelligence market set to surge

The artificial intelligence market in the US is projected to grow at a CAGR of 75% until 2021 on account of increasing AI technology adoption, according to TechSci Research.

artificial intelligence market

Major consumer electronic device manufacturers and platform providers such as Apple, Microsoft and Google are increasingly offering these solutions in smartphones, tablets and smart wearables.

“It’s no surprise AI and machine learning are growing at a CAGR of 75%. When looking at the cyber security segment, it’s a painfully obvious need. Truth is we are short over 1,000,000 cyber security specialists globally this year. The way the industry previously handled cyber security analysis, incident response, threat detection and remediation will simply not scale going forward. Today, firms have Managed Security Service Providers that have armies of analysts with ‘eyes on glass’ and that approach is worse than reactive, it’s simply broken,” Yuri Frayman, CEO of ZENEDGE, told Help Net Security.

Venture capital investments in this sector are in full swing. The major applications in the artificial intelligence market include speech and image recognition, natural language processing, gesture control, and cyber security.

The only way forward is to replicate what the security analyst is able to achieve through data analysis but at the scale of machine learning / AI, according to Frayman.

“At the core AI is a sophisticated, non-linear pattern matching and classification technology. We need to apply that discipline to a growing number of real world applications within cyber security. As an industry we must think out of the box and apply both supervised and unsupervised machine learning in creative ways to lower our reliance on human analysis,” the ZENEDGE CEO concluded.