The global cognitive security market is expected to grow at a significant CAGR during the forecast period. Enterprises are expanding their horizons to different geographies, generating data in terms of volume, velocity, and veracity in order to gain some useful insights. In this context, security plays a significant role through the use of various analysis techniques in order to improve their product and service offerings, where security plays a significant role through the use of various analysis techniques.
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The global cognitive security market is likely to be driven by an increase in the use of cognitive security services for data storage of an organization’s confidential and private data, as well as increased employee mobility. As IT teams are struggling to cope up with the increased workload, it is necessary to relieve this additional burden and allow IT to concentrate on delivering innovation. New artificial intelligence (AI) and machine learning capabilities are projected to enable IT teams to operate at machine speed and scale through personalized network insights, which in turn, is boosting the demand for cognitive security solutions. The growing use of cloud-based services in many business platforms has increased the demand for securing data among enterprises. Small and medium businesses are rapidly implementing cloud-based cognitive security. For transporting large amounts of data, IT companies are turning to cognitive security services, which is accelerating the growth of the global cognitive security market.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, Cisco introduced software advancements in June 2019 aimed at making network management and security easier. Cisco is also announcing technologies to better manage users and apps across the entire enterprise network, from campus networks and wide-area networks to data centres and the IoT edge, as part of its expanded capabilities offering. In May 2019, Darktrace announced that the Royal Air Forces Association (RAFA), the leading charity offering welfare support to Royal Air Forces members, has chosen Darktrace’s cyber-AI to safeguard its members’ sensitive data from insider threats and sophisticated attacks.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Deployment
o By Application
o By Vertical
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: IBM Corp., Cisco Systems Inc., and DXC Technology Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cognitive Security Market Report by Segment
By Deployment
- Cloud-Based
- On-premise
By Application
- Cognitive Threat Analytics
- Predictive Maintenance
- Cross-Investigation Analytics
- Others
By Vertical
- IT & Telecommunication
- BFSI
- Government
- Others
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Cognitive Security Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- IBM Corp.
- Cisco Systems Inc.
- DXC Technology Co.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
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