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Cognitive Security Market Size (2024 - 2029)

The cognitive security market is experiencing significant growth driven by the increasing need to secure vast amounts of data generated by enterprises expanding into new geographies. The rise in employee mobility and the adoption of cloud-based services are further propelling the demand for cognitive security solutions, as organizations seek to protect confidential information. The integration of artificial intelligence and machine learning is enhancing the capabilities of IT teams, allowing them to manage workloads more efficiently and focus on innovation. This growing reliance on cognitive security services, particularly among small and medium enterprises, is contributing to the expansion of the market size.

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Market Size of Cognitive Security Industry

Cognitive Security Market Size
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

Cognitive Security Market Key Players

*Disclaimer: Major Players sorted in no particular order

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.

Deployment
On-Premise
Cloud Based
By Service
Professional
Managed
Application
Cognitive Threat Intelligence
Predictive Maintenance
Cross-Investigation Analytics
Automated compliance management
Other Applications
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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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.

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Cognitive Security Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Open Source & Cloud Platforms Increasingly Becoming Vulnerable to Security Threats

      2. 1.2.2 Growing Adoption of IoT and Connected Devices across Industries

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of AI Professionals to Handle Cyber security Issues Ontime

    4. 1.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 Deployment

      1. 2.1.1 On-Premise

      2. 2.1.2 Cloud Based

    2. 2.2 By Service

      1. 2.2.1 Professional

      2. 2.2.2 Managed

    3. 2.3 Application

      1. 2.3.1 Cognitive Threat Intelligence

      2. 2.3.2 Predictive Maintenance

      3. 2.3.3 Cross-Investigation Analytics

      4. 2.3.4 Automated compliance management

      5. 2.3.5 Other Applications

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 Latin America

        2. 2.4.4.2 Middle-East & Africa

Cognitive Security Market Size FAQs

The Cognitive Security Market is projected to register a CAGR of 23% during the forecast period (2024-2029)

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.

Cognitive Security Market Report Snapshots

Cognitive Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)