In the present scenario, the global Cognitive Security Markethas an estimated USD 81.4 Billion to grow the global market size at the end of 2030. The global market has expected to reach a 36.90% CAGR in the forecast period of 2022 to 2030. Cognitive security is widely used for securing data from cyber-attacks and viruses by using machine learning, human-computer interface data mining, and natural language processing. The cognitive systems help improve business productivity and provide continuous security to the business. Moreover, the cognitive systems help in separating all the unstructured and structured information data into information with analyzing security developments.
The increasing cyber-attacks on the cloud are the major driver for the Cognitive Security Market Growth. Moreover, the global market is driving its growth due to the rise in employee mobility and the growth in cognitive security services used for data storage of the private data or the confidential data of an organization. Along with that, bring your own device as the emerging trend to the office premises is another growth factor contributing to theGlobal Cognitive Security Market.
Further, the global market is increasing its market growth due to the growth of the online market. These days the market growth is reaching the sky due to the increasing contributions of the IT & telecom sector and the adoption of cognitive security services for transferring huge data in the IT businesses. The Cognitive Security Market Trends might face restraints due to the lack of awareness among the small and medium organizations about cognitive security.
TheCognitive Security Market Analysis report highlights the overall market growth potential for the forecast period of 2023. Along with that, this report also focused on the regional analysis, competitive analysis, and impact of COVID 19 on the global market to understand the current positions of the global market across the regions. Here, the market dynamics have been discussed that support its potential growth by properly understanding the marking challenges, restraints, and growth. Moreover, it also explains theCognitive Security Market Segments overview, where the global market can gain more profits in the upcoming years.
The ongoing pandemic has affected theCognitive Security Market across various regions. The global market has also faced a halt for a certain period of time due to the lockdown across the regions. The loss of productivity and sales has hampered the global market. The global market has lost many investors who were not ready to invest in the global product.
However, the COVID-19 has brought more concern for cybersecurity during the lockdown, which has gained increased the global Cognitive Security Marketgrowth. Thus, the global market players are having implied various ideas and strategies to boost up the market growth during the pandemic.
The increasing cyber-attacks on the cloud are the major driver for the market growth. Moreover, the global market is driving its growth due to the rise in employee mobility and the growth in cognitive security services used for data storage of the private data or the confidential data of an organization.
Along with that, bring your own device as the emerging trend to the office premises is another growth factor contributing to theGlobal Cognitive Security Market. Further, the global market is increasing its market growth due to the growth of the online market.
The increasing adoption of the Bring Your Own Device (BYOD) trends and Internet of Things (IoT) and the increasing number of cyber-attacks and security breaches are increasing the demand of the Cognitive Security Market. The increasing demand and growing global market visibility have brought more scope and opportunities for the operators and manufacturers.
Hence, the growth in cognitive security services is boosting up more opportunities for the global market. Further, the continuous efforts of the Cognitive Security Market Players are bringing more scope for the global market.
The Cognitive Security Market Trends might face restraints due to the lack of awareness among the small and medium organizations about cognitive security. Another restraint may be the increasing application of cognitive security.
Hence, the Cognitive Security Industry Players have adopted various measures, planning, and strategies to overcome the restraints.
The Cognitive Security Market might face challenges due to the increasing cyber-attacks as the global market requires updating their programs to offer security to their customers. Thus, the global market requires more key players across different regions to offer a better quality of services to its intended audiences.
Moreover, the global key players are working hard on these challenges to overcome the challenges and produce large sales on a large scale.
In the present scenario, the global Cognitive Security Markethas an estimated USD 10 Billion to grow the global market size at the end of 2023. The global market has expected to reach Cognitive Security Market Size at a 19% CAGR in the forecast period of 2017 to 2023.
Hence, more Cognitive Security Market Playersrequires to involve in the global market to enhance the market's stability across the regions.
Based on the deployment segmentation, the global cognitive Security Market has been classified into Cloud and On-Premise.
According to themarket report, the cloud deployment model is predicted to generate a higher Cognitive Security Market Sizefor the forecast period. The increasing preference for mobile and web application security is increasing the demand of the cloud deployment segment.
According to the organization size segment, the global Cognitive Security Market has been classified into Large Enterprises, Small enterprises, and Medium Enterprises.
The small and medium enterprises segment is predicted to generate a higher CAGR for the forecast period. The increasing cyber-attacks in the small and medium enterprises segment for accessing payment details, customer information, and other confidential data are driving the demands over the Cognitive Security Market. On the other hand, the large enterprise segment is predicted to generate a larger market size for the forecast period.
According to the vertical segmentation, the global Cognitive Security Market has been classified into Supply Chain and Logistics, BFSI, IT & Telecommunication, Healthcare, Education and Government, Energy & Power and Utilities, and Others.
Among all these vertical segments, the Banking, Financial Services, and Insurance (BFSI) vertical is generating a larger Cognitive Security Market size for the forecast period.
According to the regional overview, the Cognitive Security Market is increasing its service demands in some of the top-performing regions such as South America, Europe, Asia-Pacific, North America, and other parts of the world.
Among all the regions, the North American region is predicted to generate higher Cognitive Security Industrygrowth during the forecast period. This region is increasing the demands due to the increasing need for safety and security solutions to secure the organization's database. Further, the increasing healthcare industry in the European region is generating a higher market share for the Cognitive Security Market.
Some of the top key players are:
These Cognitive Security Market’s key players are implying various ideas and strategies to improve the global services across the regions.
In November 2023, Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) brought out a new Cyber Insights Platform powered by AI and Amazon Security Lake to enable clients to improve their cyber security and compliance. The Cyber Insights Platform depends on TCS’ experience in managed detection and response to help customers consolidate diversified security datasets scattered across public and private clouds, on-premises environments, and third-party security providers into a central repository running on Amazon Security Lake. It is also equipped with machine learning models that can continuously detect anomalies and predict issues ahead of time so as to allow for proactive measures by the clients against these threats.
March 2023 – Microsoft expanded its AI-powered offerings Tuesday when it launched Security Copilot as a digital assistant based on OpenAI’s GPT-4. MSFT Security Copilot is similar to other AI assistants developed for specific tasks or products. Previously, Microsoft introduced Microsoft 365 Copilot for Word, Teams, and other Office tools, and Microsoft Dynamics Copilot host applications for CRM and CX products alike. Like the rest of them, this one employ large language model technology from OpenAI to help security teams detect threats more effectively.
May 2023 - Information technology services major Infosys Ltd today launched Infosys Topaz – an array of artificial intelligence-first services, solutions, and platforms built using generative AI technologies. Infosys said Topaz brings together the capabilities of Infosys Cobalt cloud and data analytics “to provide cognitive solutions and intuitive experiences that drive growth”.
June 2019 -Cisco announced its software innovations are designed to make managing and securing networks easier. Additionally, Cisco will also introduce new innovations in managing users & apps across the entire enterprise network, ranging from campus networks & WANs to DCs & IoT edge under its extended capabilities offering.
May 2019 -Darktrace announced that the Royal Air Forces Association (RAFA), the largest charity providing welfare support to members of the Royal Air Forces, has selected Darktrace’s cyber-AI to protect its members’ sensitive data from insider threats and sophisticated attacks.
the cognitive Security Market report highlights the overall market growth potential for the forecast period of 2023. Along with that, this report also focused on the regional analysis, competitive analysis, and impact of COVID 19 on the global Cognitive Security Market to understand the current positions of the global market across the regions. Here, the market dynamics have been discussed that support its potential growth by properly understanding the marking challenges, restraints, and growth. Moreover, it also explains the Cognitive Security Market segments overview where the global market can gain more profits in the upcoming years.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 81.4 Billion (2030) |
| CAGR | 36.90% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Deployment, By Organization Size |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Intel Security (U.S.), XTN (Italy), Symantec Corporation (U.S.), IBM Corporation (U.S.), Cisco systems (U.S.), CA Technologies, Inc. (U.S.), CSC (U.S.), Fortinet, Inc. (California, U.S.), Cato Networks (Israel), Check Point Software Technologies (Israel) |
| Key Market Opportunities | The growth in usage of cognitive security services for data storage of the confidential and private data of an organization and the rise in employee mobility are also expected to drive the global cognitive security market. |
| Key Market Drivers | The major driver for the growth of this market is growing cyber-attacks on the cloud. |
Cognitive Security Market Highlights:
Frequently Asked Questions (FAQ) :
The global cognitive security market is poised to register a market value of USD 10 billion at a CAGR of approximately 36.90% over the review period (2022-2030).
The increasing demand for cognitive security is arising due to the growing cyber-attacks taking place in enterprises. The integration of technological innovations in the market is also creating opportunities for market players.
The North America region is accountable for the largest share of the market across the globe, followed by the Asia Pacific and Europe region. The U.S. and Canada are contributing considerably towards the North America market share.
The global cognitive security market is analyzed on the basis of type and application, wherein the BFSI application segment is anticipated to witness maximum demand over the review period.
A few significant players in the global cognitive security market are XTN (Italy), Intel Security (U.S.), Symantec Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems (U.S.), among others.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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