Cognitive Security Market Segmentation, Competitive Landscape and Industry Poised for Rapid Growth 2030
Market Overview
Cognitive security can be defined as security which uses data mining,
natural language processing, machine learning, and human-computer interface for
securing data from virus and cyber-attacks. Cognitive systems aid in analysing
security developments and separate all the structured and unstructured data
into information. Further, it also provides continuous security to business and
improves productivity. Market Research Future (MRFR) has recently published a
report on the global Cognitive
Security market is expected to witness a robust CAGR of 36.90% with USD
81.4 Billion between the forecast period of 2022-2030.
Such growth can be accredited to several factors, which are mentioned in
the report. One of the primary drivers of the market is the mounting cyber-attacks
on the cloud. Growing usage of cognitive security services for storing
confidential information and private data of an organization is also
contributing to the snowballing Cognitive Security Industry. Further, rising
rate of employee mobility is also anticipated to drive the global Cognitive
Security Industry over the forecast period. Emerging trends of BYOD to the
office premises has created a higher need for cognitive security, encouraging enterprises in
several end-user industries is estimated to drive the global Cognitive Security
Industry.
Furthermore, growth of online market and e-selling, along with growth in
the IT and telecommunications industry are also to be attributed for market
growth in regards to cognitive security solutions. Rapid adoption of internet
and smartphones which access data on cloud is leading to higher adoption of
cognitive security solutions.
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Market Segmentation
The global Cognitive Security Industry is segmented by deployment,
organization size, vertical, and region. Based on deployment, the global
Cognitive Security Industry is segmented into on-premise and on-cloud. Based on
organization size, the global Cognitive Security Industry is segmented into
small & medium enterprises and large enterprises. Based on vertical, the
Cognitive Security Industry is segmented into IT and telecommunication, BFSI,
supply chain and logistics, healthcare, energy & power and utilities, and
education and government.
Key Players
Some notable players in the global Cognitive Security Industry, as
mentioned in the MRFR analysis, include 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), and Check Point Software
Technologies (Israel).
Detailed Regional Analysis
Based on geography, the global Cognitive Security Industry is segmented
into North America, South America, the APAC, Europe, and the Middle East &
Africa. North America is the largest shareholder in the global Cognitive
Security Industry over the forecast period. The need of safety and security
solutions to aid in securing huge existing database of organizations is
contributing to the growth of the Cognitive Security Industry in the North
American region. Furthermore, upscaling healthcare industry in the region has
demanded for security over cloud technology, thereby leading to exponential
growth in the global Cognitive Security Industry.
On the other hand, Asia Pacific is estimated to grow at a substantial
rate over the forecast period, as per the recent report by MRFR. Many
organizations in several end-user industries have started adopting the policy
of bring your own device (BYOD) where the employees work on their own personal
devices. Hence, this has led to a rise in cyber-threats for data on-cloud. Such
a rise in threat has led to a rise in the need for cognitive security. Hence,
growth opportunities for various market players are opening up in the APAC
region for Cognitive Security Industry during the forecast period.
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Industry Update
October 2019: A machine learning model developed by OPA at the National
Institutes of Heath determined the likelihood of a biomedical research case
which was being used in clinical trials or guidelines. According to the OPA,
this is an early indicator of translational progress.
LIST OF TABLES
TABLE 1 COGNITIVE SECURITY INDUSTRY, BY DEPLOYMENT
TABLE 2 COGNITIVE SECURITY INDUSTRY, BY ORGANIZATION SIZE
TABLE 3 COGNITIVE SECURITY INDUSTRY, BY VERTICAL
TABLE 4 COGNITIVE SECURITY INDUSTRY, BY REGION
TABLE 5 NORTH AMERICA COGNITIVE SECURITY INDUSTRY, BY DEPLOYMENT
Continued…….
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