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Cognitive Security Market worth $134.26 billion by 2030, growing at a CAGR of 31.73% - Exclusive Report by 360iResearch

02-28-2024 08:08 AM CET | IT, New Media & Software

Press release from: 360iResearch

Cognitive Security Market | 360iResearch

Cognitive Security Market | 360iResearch

The "Cognitive Security Market by Component (Services, Solutions), Security Type (Application, Cloud, Cybersecurity), Application, Deployment Mode, Enterprise Type, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Cognitive Security Market to grow from USD 19.50 billion in 2023 to USD 134.26 billion by 2030, at a CAGR of 31.73%.

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Cognitive security includes using artificial intelligence (AI) technologies, machine learning, and data analytics to detect threats and protect physical and digital assets. Cognitive security solutions are designed to learn and evolve, understanding how users interact with enterprise systems and data to identify and respond to threats in real-time, thus creating a proactive and adaptive security posture. Application of cognitive security spans across various industries, including banking, financial services, insurance (BFSI), healthcare, retail, government, and defense. The end-use scenarios include fraud detection, risk management, cyber defense, and threat intelligence. The rise in cyber-attacks and the complexity of threats have driven demand for more efficient security solutions, subsequently creating demand for cognitive security solutions. The expansion of connected devices and cloud services has created new vulnerabilities that cognitive security aims to address, thereby driving market growth. Technical limitations associated with integrating cognitive security solutions with legacy systems hampers the market growth. Continuous improvements in AI algorithms and computing power that augment the capabilities of cognitive security solutions are anticipated to create opportunities for the cognitive security market.

Cognitive security is a fast-growing market in the Americas due to the high prevalence of cyber-attacks and a strong focus on innovation. Customers are aware of security threats and are willing to invest in advanced solutions, including AI and machine learning-driven security systems. The Americas also has many major cognitive security patent-holders, indicating robust research and development. The EU's approach to cognitive security is highly regulated, with standards such as GDPR impacting consumer needs and purchasing behavior. Customers prize solutions that ensure compliance without sacrificing performance. The EU's Horizon 2020 program has funded research and innovation, reflecting a commitment to advancing this field. Middle East and Africa's cognitive security market is rapidly evolving with the expansion of the telecommunication industry, creating the need for cybersecurity solutions. Asia-Pacific's cognitive security market is rapidly developing due to heavy investments in AI and cybersecurity from both the private and public sectors, boosting the region's patent filings and highlighting a commitment to becoming a global leader in cognitive security technology.

Market Segmentation & Coverage:

This research report categorizes the Cognitive Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solutions. The Services is further studied across Deployment & Integration, Support & Maintenance, and Training & Consulting. The Solutions is further studied across Biometric Recognition, Digital Signature Recognition, Real-time Security Analytics & Visualization Platform, and Unified Log Manager & Data Catalog. The Services is projected to witness significant market share during forecast period.

Based on Security Type, market is studied across Application, Cloud, Cybersecurity, Endpoint, Network, and Physical. The Cloud is projected to witness significant market share during forecast period.

Based on Application, market is studied across Anomaly Detection & Risk Mitigation, Automated Compliance Management, and Threat Intelligence. The Threat Intelligence is projected to witness significant market share during forecast period.

Based on Deployment Mode, market is studied across On-Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.

Based on Enterprise Type, market is studied across Large Enterprises and Small & Medium-sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Aerospace & Defense, Banking, Financial Services and Insurance (BFSI), Energy & Utility, Government, Healthcare, IT & Telecommunications, Manufacturing, and Retail & eCommerce. The Healthcare is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.56% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cognitive Security Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cognitive Security Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cognitive Security Market, highlighting leading vendors and their innovative profiles. These include Acalvio Technologies, Inc., Amazon Web Services, Inc., BlackBerry Limited, Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., CY4GATE SpA, Darktrace Holdings Limited, Deep Instinct Ltd., DXC Technology Company, Feedzai, Fortinet, Inc., Google LLC by Alphabet Inc., International Business Machines Corporation, LogRhythm, Inc., McAfee LLC, Microsoft Corporation, NEOM Company, Okta, Inc., Oracle Corporation, Palo Alto Networks, Inc., SAP SE, Securonix, Inc., Simplr Inc., and SparkCognition, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cognitive Security Market, by Component
7. Cognitive Security Market, by Security Type
8. Cognitive Security Market, by Application
9. Cognitive Security Market, by Deployment Mode
10. Cognitive Security Market, by Enterprise Type
11. Cognitive Security Market, by Vertical
12. Americas Cognitive Security Market
13. Asia-Pacific Cognitive Security Market
14. Europe, Middle East & Africa Cognitive Security Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cognitive Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cognitive Security Market?
3. What is the competitive strategic window for opportunities in the Cognitive Security Market?
4. What are the technology trends and regulatory frameworks in the Cognitive Security Market?
5. What is the market share of the leading vendors in the Cognitive Security Market?
6. What modes and strategic moves are considered suitable for entering the Cognitive Security Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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