Market Size of Cognitive Security Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 23.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cognitive Security Market Analysis
Cognitive Security Market is expected to register a healthy CAGR of over 33% during the forecast period (2021 - 2026). Enterprises are expanding their horizon to different geographies thereby generating data in terms of volume, velocity & veracity to gain some useful insights, where security plays a significant role by the help of various analysis technique in order to enhance their product and service offerings.
- The growth in usage of cognitive security services for data storage of the confidential and private data of an organization with the rise in employee mobility is expected to drive the global cognitive security market. Since IT teams are struggling under the amplified workload, therefore to alleviate this additional load and allow IT to focus on delivering innovation. Introduction of new artificial intelligence and machine learning capabilities are expected to allow IT teams, to function at machine speed and scale through personalized network insights and impact the demand for such solutions in the market.
- With the increasing adoption of the cloud-based services in various business platforms have led to the need to secure the information of organizations. The implementation of cloud-based cognitive security by small and medium enterprises is increasing rapidly and fuels the growth of the market.
- IT businesses are adopting the cognitive security services for transferring huge amount of data. There is rapid adoption of the internet on smartphones in recent past which access data on the cloud, resulting in an increasing need for cloud security, thereby fueling the demand of the cognitive security market during the forecast period.
Cognitive Security Industry Segmentation
Cognitive computing uses an advanced type of artificial intelligence, thereby leveraging over various forms of AI, including machine-learning algorithms and deep-learning networks, that get stronger and smarter over time. Cognitive security is widely being adopted across a diverse set of industries for the protection of crucial information including public safety and utility companies. Cognitive security help in analyzing security developments and separate all the structured and unstructured information data into information thereby providing continuous security to business for improving its productivity.
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Cognitive Security Market Size Summary
The cognitive security market is poised for significant growth, driven by the increasing need for advanced security solutions to protect confidential and private data across various industries. As enterprises expand their operations globally, the volume and complexity of data generated necessitate robust security measures. The integration of artificial intelligence and machine learning into cognitive security services is enabling IT teams to manage data at unprecedented speeds and scales, thereby enhancing product and service offerings. The rise in employee mobility and the adoption of cloud-based services are further propelling the demand for cognitive security solutions, particularly among small and medium enterprises. These solutions are essential for safeguarding organizational information and are becoming integral to IT strategies as businesses seek to alleviate the burden on IT teams and focus on innovation.
In North America, the cognitive security market is experiencing robust growth due to the high adoption of advanced technologies such as IoT and big data analytics. The region is witnessing a surge in cyber-crimes, prompting industries like BFSI, manufacturing, and healthcare to integrate cognitive security tools to protect against threats like identity theft and phishing. Prominent players such as IBM and Cisco are leading the market with innovative solutions that enhance network visibility and incident response. The market is moderately competitive, with established players maintaining significant market share, while new entrants are leveraging advancements in AI to expand their presence in emerging economies. This dynamic landscape is fostering increased adoption of cognitive security solutions, as organizations strive to secure their networks against evolving threats.
Cognitive Security Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Open Source & Cloud Platforms Increasingly Becoming Vulnerable to Security Threats
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1.2.2 Growing Adoption of IoT and Connected Devices across Industries
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1.3 Market Restraints
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1.3.1 Lack of AI Professionals to Handle Cyber security Issues Ontime
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1.4 Industry Attractiveness - Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Technology Snapshot
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2. MARKET SEGMENTATION
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2.1 Deployment
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2.1.1 On-Premise
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2.1.2 Cloud Based
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2.2 By Service
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2.2.1 Professional
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2.2.2 Managed
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2.3 Application
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2.3.1 Cognitive Threat Intelligence
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2.3.2 Predictive Maintenance
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2.3.3 Cross-Investigation Analytics
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2.3.4 Automated compliance management
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2.3.5 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 Latin America
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2.4.4.2 Middle-East & Africa
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Cognitive Security Market Size FAQs
What is the current Cognitive Security Market size?
The Cognitive Security Market is projected to register a CAGR of 23% during the forecast period (2024-2029)
Who are the key players in Cognitive Security Market?
IBM Corporation, Trend Micro Incorporated, Broadcom Inc. (Symantec Corporation), Cisco System Inc. and McAfee LLC are the major companies operating in the Cognitive Security Market.
