Market Highlights
Businesses everywhere are coming together to strategize on ways to deal with the COVID-19 outbreak and its aftereffects. The pandemic has led to a dramatic shift of companies’ schemes from long-term to short-term, with more focus on customer engagement and continues business flow. Businesses are learning how to address the COVID-19 impact in terms of healthcare as well as economics. Cognitive security has always been an important market for businesses, given its ability to secure data from cyber and virus attacks using machine learning, data mining, human-computer interface and natural language processing. However, following the SARS-CoV-2 outbreak, the market value has multiplied significantly in view of the expected threats and various forms of attacks that can weaken the company’s infrastructure as well as its systems.
The cognitive security market can expect to attain an approximate valuation of USD 10 Billion by 2023, believes Market Research Future (MRFR). MRFR adds in its latest study that the market can also progress at a rate of 19% between 2017 and 2023 (evaluation period).
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Segmentation
The cognitive security market has been segmented on the basis of deployment, organization size and vertical. In North America region there is high adoption of cloud security by small and medium size enterprises owing to dynamic benefits and cost factor. The developed infrastructure in the region is significant factor boosting the cognitive security market. By vertical, BFSI accounts for largest market share in the region owing to its numerous benefits that includes automated threat intelligence and prevention techniques, fraud analysis and investigation.
The organizations, size-wise, mentioned in the study are large enterprises and SMEs/small and medium enterprises.
Verticals that deploy cognitive security solutions include supply chain and logistics, IT & telecommunication, energy and power, healthcare, education and government, BFSI, and more. BFSI is the most significant vertical that uses cognitive security, as these solutions provide a number of advantages such as prevention techniques, automated threat intelligence, fraud analysis as well as investigation.
Regional Analysis
On the basis of regional analysis, the cognitive security market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the cognitive security market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it. North America region is leading due to presence of major players from the region in the cognitive security market. The implementation of cloud based cognitive security solutions by both small and medium enterprises is increasing rapidly, especially one into banking and finance. The cognitive security is gaining demand as organization seek to increase their business productivity by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based cognitive security solution.
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Competitive Analysis
The leading industry players listed in the market study include Check Point Software Technologies (Israel), Intel Security (U.S.), CA Technologies, Inc. (U.S.), Fortinet, Inc. (California, U.S.), Cisco systems (U.S.), CSC (U.S.), Cato Networks (Israel), Symantec Corporation (U.S.), XTN (Italy), IBM Corporation (U.S.), and more.
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According to a new market research report "Cognitive Security Market by Component (Solutions & Services), Application (Threat Intelligence, Anomaly Detection & Risk Mitigation, Automated Compliance Management), Security Type, Deployment, Enterprise Size, Vertical, & Region- Global Forecast to 2023" published by MarketsandMarkets™, the cognitive security market size expected to grow from $3.62 Billion in 2018 to $17.09 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.4% during the forecast period.The increasing number of security breaches and cyber-attacks, and the rising adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends across verticals are some of the major driving factors for the cognitive security market growth.
Furthermore, the rising adoption of social media platforms in various business functions and the growing market for cloud-based business are expected to provide significant growth opportunities in the market.Browse in-depth TOC on "Cognitive Security Market”78- Tables54- Figures181- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82177606The cybersecurity type is expected to be the larger contributor in the cognitive security market during the forecast period.Increase in digitalization and the rapidly growing connected devices are expected to be the major factors driving the growth of the overall cognitive security market.
These connected devices have made enterprise networks more prone to cyber-attacks.
Therefore, the demand for cybersecurity solutions is expected to contribute more toward the overall cognitive security market growth during the forecast period.The anomaly detection and risk mitigation application is expected to have the largest market size during the forecast period.Anomaly detection and risk mitigation involves the identification and prevention of abnormal events that can cause harm to the organizational data.
Anomaly detection and prevention is a network security application that helps organizations carry out various processes, ranging from the identification of malicious activities to their reporting.
Therefore, the region is expected to account for the largest market size during the forecast period.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=82177606The major vendors in the global cognitive security market are IBM (US), Cisco (US), CA Technologies (US), Symantec (US), Check Point Software (US), DXC Technology (US), AWS (US), Expert System (Italy), Fortinet (US), Trend Micro (Japan), Google (US), Acalvio (US), Securonix (US), Sift Science (US), Feedzai (US), SparkCognition (US), Cybraics (US), Demisto (US), XTN (Italy), LogRhythm (US), ThreatMetrix (US), High-Tech Bridge (Switzerland), Deep Instinct (Israel), Darktrace (UK and US), Cylance (US), and McAfee (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Cognitive Security Market report by MarketsandMarkets™ provides well-organized statistical overview on the basis of trends, market share, applications, growth factors & forecast.According to a new research report "Cognitive Security Market by Component (Solutions & Services), Application (Threat Intelligence, Anomaly Detection & Risk Mitigation, Automated Compliance Management), Security Type, Deployment, Enterprise Size, Vertical, & Region- Global Forecast to 2023",published by MarketsandMarkets™, the Cognitive Security Market expected to grow from USD 3.62 Billion in 2018 to USD 17.09 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.4% during the forecast period.The increasing number of security breaches and cyber-attacks, and the rising adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends across verticals are some of the major driving factors for the Cognitive Security Market growth.
Furthermore, the rising adoption of social media platforms in various business functions and the growing market for cloud-based business are expected to provide significant growth opportunities in the market.Browse in-depth TOC on "Cognitive Security Market”78- Tables 54- Figures 181- PagesThe cybersecurity type is expected to be the larger contributor in the Cognitive Security Market during the forecast period.Increase in digitalization and the rapidly growing connected devices are expected to be the major factors driving the growth of the overall Cognitive Security Market.
These connected devices have made enterprise networks more prone to cyber-attacks.
Therefore, the demand for cybersecurity solutions is expected to contribute more toward the overall Cognitive Security Market growth during the forecast period.Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82177606The anomaly detection and risk mitigation application is expected to have the largest market size during the forecast period.Anomaly detection and risk mitigation involves the identification and prevention of abnormal events that can cause harm to the organizational data.
Anomaly detection and prevention is a network security application that helps organizations carry out various processes, ranging from the identification of malicious activities to their reporting.
Therefore, the region is expected to account for the largest market size during the forecast period.The major vendors in the global Cognitive Security Market are IBM (US), Cisco (US), CA Technologies (US), Symantec (US), Check Point Software (US), DXC Technology (US), AWS (US), Expert System (Italy), Fortinet (US), Trend Micro (Japan), Google (US), Acalvio (US), Securonix (US), Sift Science (US), Feedzai (US), SparkCognition (US), Cybraics (US), Demisto (US), XTN (Italy), LogRhythm (US), ThreatMetrix (US), High-Tech Bridge (Switzerland), Deep Instinct (Israel), Darktrace (UK and US), Cylance (US), and McAfee (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Cognitive Security Market, By Deployment (Cloud, On-Premise), By Organization Size (Small and Medium Enterprises, Large Enterprises), By Vertical (Logistics, BFSI, Healthcare, IT & Telecommunication) - Forecast 2023Market HighlightsOn the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it.
The implementation of cloud based cognitive security solutions by both small and medium enterprises is increasing rapidly, especially one into banking and finance.
Avail the in-depth table of content TOC & market synopsis on “The Cognitive Security Market Research Report -Forecast to 2023”.
The developed infrastructure in the region is significant factor boosting the cognitive security market.
By vertical, BFSI accounts for largest market share in the region owing to its numerous benefits that includes automated threat intelligence and prevention techniques, fraud analysis and investigation.
MRFR adds in its latest study that the market can also progress at a rate of 19% between 2017 and 2023 (evaluation period).
We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3986 Competitive Outlook:The leading industry players listed in the market study include Check Point Software Technologies (Israel), Intel Security (U.S.), CA Technologies, Inc. (U.S.), Fortinet, Inc. (California, U.S.), Cisco systems (U.S.), CSC (U.S.), Cato Networks (Israel), Symantec Corporation (U.S.), XTN (Italy), IBM Corporation (U.S.), and more.
The deployment-wise segments are cloud and on-premise.The organizations, size-wise, mentioned in the study are large enterprises and SMEs/small and medium enterprises.Verticals that deploy cognitive security solutions include supply chain and logistics, IT & telecommunication, energy and power, healthcare, education and government, BFSI, and more.
BFSI is the most significant vertical that uses cognitive security, as these solutions provide a number of advantages such as prevention techniques, automated threat intelligence, fraud analysis as well as investigation.
Regional Analysis:Europe, Asia Pacific/APAC, North America, and Rest of the World/RoW are the key markets for cognitive security.North America has secured the biggest share in the global market, as a result of the well-developed network infrastructure, prevalence of digitization and the high consumption of advanced technologies.
