Global Cognitive Security Market, By Application (Threat Intelligence, Anomaly Detection and Risk Mitigation, Automated Compliance Management and Others), Security Type (Physical Security and Cybersecurity), Component (Solution and Services), Deployment Mode (Cloud and On-Premises), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Vertical (Aerospace and Defense, Government, Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Cognitive Security Market
Surge in the adoption of advanced technologies such as artificial intelligence and internet of things, growing public and private investments in the software and services that yield seamless data processing especially in the developing economies and rising focus on technological advancements in the cognitive computing technology globally are the major factors attributable to the growth of the cognitive security market. Data Bridge Market Research analyses that the cognitive security market will exhibit a CAGR of 29.71% for the forecast period of 2022-2029. Therefore, the cognitive security market value would stand tall by USD 89.54 billion by 2029.
From the name itself, it is clear that cognitive security refers to advanced security solutions that seamlessly protect the crucial information and data of an organization against security breaches and cyber-attacks. This technology uses artificial intelligence to detect any unwanted threats and protect the vulnerabilities.
Rising volume of organizational data will emerge as the major market growth driving factor. Surging number of small and medium scale enterprises in the developing economies, growing number of cyber threats and cyber-attacks, rising digitization of economies and rising advent of cloud technology will further aggravate the growth of the market. Rising adoption of advanced security systems and solutions by the various end user verticals, regulatory and compliance mandates, increasing adoption of social media platforms in several business functions and growing public expenditure for the development of IT infrastructure are some other factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies and limited security budget will act as growth restraints for the market. Also, lack of awareness in the underdeveloped economies will yet again hamper the market growth rate. Lack of a strong IT infrastructure in the underdeveloped economies will also hamper the market growth rate.
This cognitive security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cognitive security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cognitive Security Market Scope and Market Size
The cognitive security market is segmented on the basis of application, security type, component, deployment mode, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the cognitive security market is segmented into threat intelligence, anomaly detection and risk mitigation, automated compliance management and others.
- Based on security type, the cognitive security market is segmented into physical and cyber security. Cyber security is sub-segmented into network security, cloud security, application security and endpoint security.
- Based on component, the cognitive security market is segmented into solution and services. Solutions are sub-segmented into unified log manager and data catalog, real-time security analytics and visualization platform, biometric recognition and digital signature recognition. Services are sub-segmented into deployment and integration, support and maintenance and training and consulting.
- Based on deployment mode, the cognitive security market is segmented into cloud and on-premises.
- Based on organization size, the cognitive security market is segmented into large enterprises and small and medium-sized enterprises.
- Based on vertical, the cognitive security market is segmented into aerospace and defense, government, banking, financial services, and insurance, IT and telecom, healthcare, retail, manufacturing, energy and utilities, and others.
Cognitive Security Market Country Level Analysis
The cognitive security market is analysed and market size, volume information is provided by country, application, security type, component, deployment mode, organization size and vertical as referenced above.
The countries covered in the cognitive security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cognitive security market and will continue to flourish its trend of dominance during the forecast period owing to the adequate availability of the supporting infrastructure required for the implementation of cutting-edge technologies to protect the organizational data and growing incidence of various cyber-crimes. Asia-Pacific will continue to undergo substantial gains during the forecast period and score the highest CAGR. This is because of the growing expenditure for the development of IT infrastructure, increasing adoption of security solutions in the IT and telecom sector and surging number of small scale businesses.
The country section of the cognitive security market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cognitive Security Market Share Analysis
The cognitive security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cognitive security market.
Some of the major players operating in the cognitive security report are Amazon Web Services, Inc., Acalvio Technologies Inc., Broadcom, NEOM, Check Point Software Technologies Ltd., Cisco Systems, Inc., Cybraics, Inc., Cylance Inc., DXC Technology Company, Darktrace, Deep Instinct, Palo Alto Networks, Inc., EXPERT.AI., Feedzai, Fortinet Inc., Google LLC, IBM, LogRhythm, Inc., McAfee LLC, Securonix, Inc., and Sift among others.
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