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Cognitive Security Market Size, Share, and COVID Impact Analysis, By Component (Solution and Services), By Deployment (On-Premise and Cloud-Based), By Enterprise Type (Large Enterprises and Small & Medium Enterprises), By Application (Threat Intelligence, Anomaly detection and risk mitigation, Automated Compliance Management, and Others ), By Security Type (Physical Security, Cybersecurity, Network Security, Cloud Security, Application Security, Endpoint Security, and Others), By End-user (IT & Telecommunication, BFSI, Government, and Others), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108248 | Status : Ongoing

 

KEY MARKET INSIGHTS

Cognitive security is a human thought process-based AI threat detection application for protecting physical and digital systems. These self-learning security systems use natural language processing, data mining, and pattern recognition to simulate the human brain. These automated security systems are designed to solve problems without a human being. It helps in preventing cyber-attacks that control human perception. Such attacks are known as cognitive hacking and aim to influence people's behavior in ways that serve the attacker's goals includes non-technical approaches to make individuals less manipulative. These solutions aim to detect deceptive data and disinformation and prevent its spread.


Furthermore, the increasing adoption of technologies such as the Internet of Things (IoT), connected devices, and Bring-Your-Own-Device (BYOD) are the main factors driving the growth of the cognitive security market. The rising number of cyber-attacks and security breaches and increasing implementation, adoption, and penetration of artificial intelligence are also driving the market growth. However, the complexity involved in implementing cognitive security and the lack of awareness and skilled workers to implement the solutions hinders the growth of the cognitive security market. In addition, increasing penetration of cloud technology in the cognitive security field and increasing usage of social media platforms by various SMEs are expected to provide significant opportunities for the market growth.

Impact of COVID-19 on the Cognitive Security Market:


As in most other markets, the COVID-19 pandemic had a negative impact on the display industry globally. The overall production disruption caused manufacturers to stop production, causing production to stagnate.  In 2020, the demand for volumetric displays dropped sharply compared to the previous year due to slowing consumer spending and trade restrictions affecting the flow of goods. The resulting wave of COVID-19 and the uncertainty surrounding the imminent lockdowns in major cities is expected to push markets having a hard time reaching growth levels.

Key Insights


The report will cover the following key insights:


  • Micro Macro Economic Indicators

  • Drivers, Restraints, Trends and Opportunities

  • Business Strategies Adopted by the Players

  • Impact of COVID-19 on the Cognitive Security Market

  • Consolidated SWOT Analysis of Key Players


Analysis by Component


Based on components, the market is segmented into solutions and services. The solution segment plays an important role in detecting anomalies through real-time security analysis and visualization, preventing abnormal behavior and cyberattacks, and is expected to hold the largest share. Moreover, the services segment is estimated to grow faster during the forecast period owing to the increasing demand for the cognitive security.

Regional Analysis


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Increasing adoption of advanced technologies such as IoT, big data analytics, and cloud computing has increased the demand for data security across various end-user segments, driving the growth of the cognitive security market in North America region during the forecast period. In addition, the North America region has seen an increase in the frequency of various cybercrimes, such as identity theft, phishing, and malicious attacks, and has increased significantly in recent years. Major industries such as BFSI, manufacturing, retail, and healthcare are highly vulnerable to these threats.

The distribution of the cognitive security market by region of origin is as follows:


  • North America – 35%

  • South America – 10%

  • Europe – 22%

  • Middle East and Africa – 7%

  • Asia Pacific – 26%


Key Players Covered


The key players in the market include IBM, Cisco, CA Technologies, DXC Technology, Symantec, McAfee, Trend Micro Incorporated, Darktrace Limited, ThreatMetrix Inc., Google, and others.

Segmentation:
























By Component


By Deployment


By Enterprise Type


By Application


 By Security Type


By End User


        By Geography



  • Solution

  • Services


 

 

 



  • Cloud

  • On-premise




  • Large Enterprises

  • Small & Medium Enterprises




  • Threat Intelligence

  • Anomaly detection and risk mitigation

  • Automated Compliance management

  •  Others




  • Physical security

  • Cybersecurity

  • Network security

  • Cloud security

  • Application security

  • Endpoint security

  • Others




  • IT & Telecommunication

  • BFSI

  • Government

  •  Others




  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of MEA)

  • South America (Brazil, Argentina, and Rest of South America



Key Industry Developments



  • April 2023: IBM announced the launch of IBM LinuxONE 4 and IBM z16 single-frame and rackmount configurations, extending their capabilities to a wider range of data center environments. The new option is designed with high-efficiency data center sustainability, helping customers adapt to the digitized economy and ongoing global uncertainty.

  • March 2023: Google Cloud announced the release of a series of products that integrate generative AI into its products and enable developers to build responsibly with enterprise-grade security and privacy





  • Ongoing
  • 2023
  • 2019-2022

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