Booming AI deepfake detector market set to hit USD $5.7 million by 2034
The rapid evolution of artificial intelligence (AI) has increased the risk of 'deepfakes'. This has brought a new market into focus: the AI Deepfake Detector Tool Market. Future Market Insights projects that it will hit USD $1.3 million in 2024 and then skyrocket to surpass USD $5.7 million by 2034, indicating a compound annual growth rate (CAGR) of 15.60%. Crucially, there is a burgeoning demand for proficient deepfake detection tools to combat the spread of fabricated media created to seem genuine.
Whether in the media and entertainment sector, on social media platforms, within cybersecurity circles, or amongst law enforcement, AI deepfake detection tools pose significant relevance. The escalated sophistication in AI technology catalyses the advancement in deepfake detection systems, enhancing their ability to identify manipulations in content with increasing accuracy and speed.
Two crucial developments are transforming this sector: user-friendly tools like Tiberius and Sensity, and the emergence of cloud-based solutions. These user-friendly tools democratise deepfake detection, making these powerful tools accessible beyond tech experts to everyday users for protection against content manipulation. On the other hand, cloud solutions overcome the limitations of traditional deepfake detection tools that require substantial computing power, offering users the power to scale their processing capacities without investing in expensive hardware infrastructure.
Another transformation happening is that detection abilities have been built into social media platforms' content management systems, enabling the immediate identification and removal of manipulated content. At the same time, the advent of real-time detection tools adds another layer of defence by identifying fraudulent content during the upload or streaming process, proving essential in the dynamic online space. Furthermore, 'Explainable AI' allows users to understand why content is flagged, reinforcing trust in the detection process.
Regarding regional development, the United States is anticipating a growth rate of 12.5% by 2034 in the deepfake detector tool industry, with concerns around election tampering and financial fraud adding impetus. Meanwhile, Australia and New Zealand are projected to see a remarkable CAGR of 19.10% through 2034 in reaction to the proliferation of fake news. In contrast, Japan expects a more moderate CAGR of 3.40% until 2034. China puts up an impressive projection with a CAGR of 16.10% through 2034, and Germany expects a more cautious CAGR of 5.10% in the same period.
The industry is notably competitive, with established companies like Deeptrace, Sensity, and Microsoft leading the battle with their powerful detection algorithms and solutions. Emerging market entrants like Truepic and Serelay are winning recognition with innovative deepfake identification concepts, indicating that user-friendly interfaces and real-time detection abilities will shape future market trends.
Recent developments include BioID's latest deepfake detection software launch in 2024 and Lithuania-based iDenfy's partnership with LeakIX, a cybersecurity platform, in 2023. The same year, TrueMedia.org launched its deepfake detection technology for journalists before the 2024 USA elections. Furthermore, Microsoft introduced Content Credentials in 2023 to combat deepfakes in global political campaigns, while the tech giant's Video Authenticator was launched in 2022 to aid users in identifying manipulated media. Additionally, Intel rolled out FakeCatcher in 2022, claiming a 96% accuracy rate in real-time deepfake detection.
