AI Trust, Risk and Security Management Market to Reach USD 13.4 Billion by 2035

According to analysts at Vantage Market Research, the Global AI Trust, Security and Management (AI TRiSM) Market size is worth USD 2.3 Billion in 2024 and is projected to reach USD 13.4 Billion by 2035, growing at a CAGR (Compound Annual Growth Rate) of 24.6% from 2024 to 2035. Key trends of market include AI governance frameworks, explainable AI, bias mitigation, robust cybersecurity, regulatory compliance, ethical AI adoption, trust-building mechanisms, risk management solutions, and automated security monitoring tools.

Market Overview

The AI Trust, Security and Management (AI TRiSM) market is primarily driven by rising cybersecurity threats. With cyber-attacks becoming more sophisticated and common, organizations across all industries recognize the critical need for advanced security measures. AI TRiSM systems that use artificial intelligence provide the capacity to forecast, identify, and respond to attacks in real time, dramatically improving an organization's cybersecurity posture. This proactive approach to cybersecurity not only reduces the danger of data breaches and cyber-attacks, but it also facilitates compliance with severe data protection rules. As businesses digitize operations, demand for AI-powered security solutions is expected to grow, driving the expansion of the AI Trust, Security and Management (AI TRiSM) market.

As governments and regulatory bodies across the world tighten limitations on data security, privacy, and AI ethics, businesses must adopt new solutions to ensure compliance. AI TRiSM solutions can automate the monitoring and reporting procedures required for compliance, reducing the likelihood of violations and penalties. This regulatory pressure drives firms to invest in AI TRiSM solutions, not just to navigate the complex regulatory landscape, but also to gain a competitive advantage through improved trust and security.

IBM Announces New AI-Powered Threat Detection and Response Services

• In October 2023, IBM unveiled the next evolution of its managed detection and response service offerings with new AI technologies, including the ability to automatically escalate or close up to 85% of alerts,1  helping to accelerate security response timelines for clients

Key Takeaways from the Report

• North America dominated the market with 34.80% of market share in 2024. The Market is driven by a strong presence of AI technology providers, research institutions, and regulatory frameworks
• Based on the Component, the Solution category accounted for significant market share of 69.50% in 2024. The segment is ensuring that AI systems operate transparently, ethically, and securely
• In 2024, by Type, the Explainability dominated the largest market share. This segment strives to make AI models more transparent by providing insights into decision-making processes, hence enhancing trust and accountability
• In 2024, by Application, the Governance & Compliance dominated the largest market share.
• In 2024, Based on the Deployment, the On-Premises category accounted for significant market share. The segment implementation helps businesses to keep total control of their AI systems and sensitive data, guaranteeing regulatory compliance and lowering the risk of data breaches
• Based on the Enterprise size, the Large Enterprise category accounted for significant market share of 56.2% in 2024. Large businesses use AI in a variety of functions, including customer service, supply chain management, financial analysis, and product creation, making trust, risk, and security management vital
• In 2024, Based on the End Use, the IT & telecommunication category accounted for significant market share. These sectors rely heavily on AI to optimize network operations, predictive maintenance, and customer service automation

Top Companies

• AT&T Inc
• International Business Machine Corporation
• LogicManager Inc
• Moody's Analytics Inc
• RSA Security LLC
• SAP SE
• SAS Institutes Inc
• ServiceNow Inc
• Hewlett Packard Enterprise Development LP

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Cyble and Wipro Forge Alliance to Offer AI-Driven Cybersecurity Risk Management Solutions

• In August 2024, Cyble, a pioneer in AI-powered threat intelligence, announced a partnership with Wipro Limited, a leading technology services and consulting company, to enhance enterprise cybersecurity risk management through AI-driven threat intelligence solutions. The partnership brings together Cyble's patented artificial intelligence (AI) systems and automation capabilities with Wipro’s global security and compliance expertise to provide security teams with deeper insights and enable more informed decision-making