Cognitive Security Market Research Report- Global Forecast 2027

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 2027

ID: MRFR/ICT/2669-HCR | February 2021 | Region: Global | 100 pages

Market Overview


In the present scenario, the global Cognitive Security Market has an estimated USD 10 Billion to grow the global market size at the end of 2023. The global market has expected to reach a 19% CAGR in the forecast period of 2017 to 2023. 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 the Global 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.


The Cognitive 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 the Cognitive Security Market Segments overview, where the global market can gain more profits in the upcoming years.


COVID-19 Impact Analysis


The ongoing pandemic has affected the Cognitive 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 Market growth. Thus, the global market players are having implied various ideas and strategies to boost up the market growth during the pandemic.


Global Market Dynamics



  • Primary Key Driver of the Global Market


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 the Global Cognitive Security Market. Further, the global market is increasing its market growth due to the growth of the online market.



  • Opportunities for the Global 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.



  • Market Restraints


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.



  • Market Growth Challenges


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.



  • Cumulative Growth Analysis


In the present scenario, the global Cognitive Security Market has 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 Players requires to involve in the global market to enhance the market's stability across the regions.


Market segmentation Overview



  • By Deployment:


Based on the deployment segmentation, the global Cognitive Security Market has been classified into Cloud and On-Premise.


According to the market report, the cloud deployment model is predicted to generate a higher Cognitive Security Market Size for the forecast period. The increasing preference for mobile and web application security is increasing the demand of the cloud deployment segment.



  • By Organisation Size:


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.



  • By Verticals:


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.


Regional Overview


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 Industry growth 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.


Competitive Analysis


Some of the top key players are:



  • IBM Corporation (U.S.)

  • Cisco Systems (U.S.)

  • CA Technologies, Inc. (U.S.)

  • CSC (U.S.)

  • Check Point Software Technologies (Israel)

  • Intel Security (U.S.)

  • XTN (Italy)

  • Symantec Corporation (U.S.)

  • Fortinet, Inc. (California, U.S.)

  • Cato Networks (Israel)


These Cognitive Security Market’s key players are implying various ideas and strategies to improve the global services across the regions.


Recent Developments



  • The North American region is predicted to generate higher market growth during the forecast period due to the increasing need for safety and security solutions for securing the organization's database.

  • In the present scenario, the global Cognitive Security Market has an estimated USD 10 Billion to grow the global market size at the end of 2023.


Report Overview


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.


Segmental Table:


By Deployment



  • Cloud

  • On-Premise


By Organisation Size



  • Large Enterprises,

  • Small enterprises,

  • Medium Enterprises


By Verticals



  • Supply Chain and Logistics,

  • BFSI,

  • IT & Telecommunication,

  • Healthcare,

  • Education And Government

  • Energy & Power And Utilities

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 10 Billion (2023)
  CAGR   19% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  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.


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 19% over the review period (2017-2023).

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.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 COGNITIVE SECURITY MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY DEPLOYMENT

6.2.1.1 CLOUD

6.2.1.2 ON-PREMISE

6.2.2 BY ORGANIZATION SIZE

6.2.2.1 SMALL AND MEDIUM ENTERPRISES

6.2.2.2 LARGE ENTERPRISES

6.2.3 BY VERTICAL

6.2.3.1 BFSI

6.2.3.2 IT & TELECOMMUNICATION

6.2.3.3 LOGISTICS

6.2.3.4 HEALTHCARE

6.2.3.5 ENERGY & POWER AND UTILITIES

6.2.3.6 EDUCATION AND GOVERNMENT

6.2.3.7 OTHERS

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 XTN (ITALY)

7.2.2 INTEL SECURITY (U.S.)

7.2.3 SYMANTEC CORPORATION (U.S.)

7.2.4 IBM CORPORATION (U.S.)

7.2.5 CISCO SYSTEMS (U.S.)

7.2.6 CA TECHNOLOGIES, INC. (U.S.)

7.2.7 CSC (U.S.)

7.2.8 FORTINET, INC. (U.S.)

7.2.9 CATO NETWORKS (ISRAEL)

7.2.10 CHECK POINT SOFTWARE TECHNOLOGIES (ISRAEL)

7.2.11 OTHERS
LIST OF TABLES
TABLE 1 COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 2 COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 3 COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 4 COGNITIVE SECURITY MARKET, BY REGION

TABLE 5 NORTH AMERICA COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 6 NORTH AMERICA COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 7 NORTH AMERICA COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 8 U.S. COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 9 U.S. COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 10 U.S. COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 11 CANADA COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 12 CANADA COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 13 CANADA COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 14 EUROPE COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 15 EUROPE COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 16 EUROPE COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 17 GERMANY COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 18 GERMANY COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 19 GERMANY COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 20 FRANCE COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 21 FRANCE COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 22 FRANCE COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 23 U.K. COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 24 U.K. COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 25 U.K. COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 26 REST OF EUROPE COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 27 REST OF EUROPE COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 28 REST OF EUROPE COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 29 ASIA-PACIFIC COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 30 ASIA-PACIFIC COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 31 ASIA-PACIFIC COGNITIVE SECURITY MARKET, BY VERTICAL

TABLE 32 REST OF THE WORLD COGNITIVE SECURITY MARKET, BY DEPLOYMENT

TABLE 33 REST OF THE WORLD COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE

TABLE 34 REST OF THE WORLD COGNITIVE SECURITY MARKET, BY VERTICAL

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 COGNITIVE SECURITY MARKET: BY DEPLOYMENT (%)

FIGURE 3 COGNITIVE SECURITY MARKET: BY ORGANIZATION SIZE (%)

FIGURE 4 COGNITIVE SECURITY MARKET: BY VERTICAL (%)

FIGURE 5 COGNITIVE SECURITY MARKET: BY REGION (%)

FIGURE 6 NORTH AMERICA COGNITIVE SECURITY MARKET, BY DEPLOYMENT (%)

FIGURE 7 NORTH AMERICA COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE (%)

FIGURE 8 NORTH AMERICA COGNITIVE SECURITY MARKET, BY VERTICAL (%)

FIGURE 9 EUROPE COGNITIVE SECURITY MARKET, BY DEPLOYMENT (%)

FIGURE 10 EUROPE COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE (%)

FIGURE 11 EUROPE COGNITIVE SECURITY MARKET, BY VERTICAL (%)

FIGURE 12 ASIA-PACIFIC COGNITIVE SECURITY MARKET BY DEPLOYMENT (%)

FIGURE 13 ASIA-PACIFIC COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE (%)

FIGURE 14 ASIA-PACIFIC COGNITIVE SECURITY MARKET, BY VERTICAL (%)

FIGURE 15 ROW COGNITIVE SECURITY MARKET, BY DEPLOYMENT (%)

FIGURE 16 ROW COGNITIVE SECURITY MARKET, BY ORGANIZATION SIZE (%)

FIGURE 17 ROW COGNITIVE SECURITY MARKET, BY VERTICAL (%)