Cognitive security involves the application of artificial intelligence to human thought processes for threat detection and protection of physical and digital systems. It is particularly helpful in addressing cyber-attacks that manipulate human perception. The growing demand for cloud-based businesses in developed and developing countries showcases the need for unique technologies to prevent potential cybercrimes. Cognitive security is gaining traction in various areas such as healthcare, retail, government, BFSI, and education.
MARKET SCOPE
The "Global Cognitive Security Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the cognitive security market with detailed market segmentation by component, type, application, industry vertical, and geography. The report provides key statistics on the market status of the leading cognitive security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the market is segmented into solutions and services.
- Based on type, the market is segmented into cybersecurity, cloud security, endpoint security, application security, network security, and others.
- Based on application, the market is segmented into threat intelligence, automated compliance management, anomaly detection and risk mitigation, and others.
- Based on industry vertical, the market is segmented into BFSI, IT and telecommunications, aerospace and defense, manufacturing, retail, healthcare, government, and others.
Drivers
- The cognitive security market is anticipated to boost in the forecast period due to the ever-increasing number of security breaches coupled with the rapid adoption of the internet of things (IoT). Additionally, the need for proactive security measures is yet another factor driving the market growth.
- Adopting social media platforms for various business functions and regulatory and compliance mandates creates lucrative growth opportunities for players operating in the cognitive security market.
- High costs may hinder the growth of the cognitive security market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cognitive security market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the cognitive security market in these regions.
IMPACT OF COVID-19 ON COGNITIVE SECURITY MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cognitive security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the cognitive security market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cognitive security market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accenture
- BlackBerry Limited
- Cisco Systems, Inc.
- Deep Instinct
- High-Tech Bridge SA
- IBM
- LogRhythm, Inc.
- McAfee, LLC
- Securonix
- SparkCognition