Cognitive Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Cognitive Security Market Analysis and it is segmented by Deployment (Cloud-Based, On-premise), Service (Professional, Managed), Application (Cognitive Threat Analytics, Predictive Maintenance, Cross-Investigation Analytics), End-user Industry (IT & Telecommunication, BFSI, Government), and Geography.

Cognitive Security Market Size

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Cognitive Security Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 23.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Cognitive Security Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Cognitive Security Market Analysis

Cognitive Security Market is expected to register a healthy CAGR of over 33% during the forecast period (2021 - 2026). Enterprises are expanding their horizon to different geographies thereby generating data in terms of volume, velocity & veracity to gain some useful insights, where security plays a significant role by the help of various analysis technique in order to enhance their product and service offerings.

  • The growth in usage of cognitive security services for data storage of the confidential and private data of an organization with the rise in employee mobility is expected to drive the global cognitive security market. Since IT teams are struggling under the amplified workload, therefore to alleviate this additional load and allow IT to focus on delivering innovation. Introduction of new artificial intelligence and machine learning capabilities are expected to allow IT teams, to function at machine speed and scale through personalized network insights and impact the demand for such solutions in the market.
  • With the increasing adoption of the cloud-based services in various business platforms have led to the need to secure the information of organizations. The implementation of cloud-based cognitive security by small and medium enterprises is increasing rapidly and fuels the growth of the market.
  • IT businesses are adopting the cognitive security services for transferring huge amount of data. There is rapid adoption of the internet on smartphones in recent past which access data on the cloud, resulting in an increasing need for cloud security, thereby fueling the demand of the cognitive security market during the forecast period.

Cognitive Security Market Trends

This section covers the major market trends shaping the Cognitive Security Market according to our research experts:

Cognitive Threat Analytics to Grow at a Significant Rate

  • Cognitive Threat Analytics relies on advanced statistical modeling and machine learning to independently identify new threats, learn from what it sees, and adapt over time. Owing to the enhanced improvements in the It security capabilities such solutions are emerging as most sought out solutions and drive the demand.
  • This cloud-based solution reduces time to discovery of threats operating inside the network. It addresses gaps in perimeter-based defenses by identifying the symptoms of a malware infection or data breach using behavioral analysis and anomaly detection. With the increased pressure on the businesses to secure confidential and strategic business data, the market is expected to experience improved adoption over the forecast period.
  • Moreover, it helps to improve network visibility, security, and incident response across the entire network. It correlates local traffic models with global threat behaviors to give a rich threat context around network traffic. Also, it applies machine learning and statistical modeling for encrypted traffic analytics to enhance NetFlow analysis.
Cognitive Security Market Analysis

North America to Hold the Largest Market Share

  • High adoption of the advanced technologies, such as IoT, big data analytics, along with cloud computing is fueling the growing demand of the data security across the various end-user segment and is expected to drive the growth of the cognitive security market across the North America region during the forecast period. 
  • Moreover, the North America region is beholding the growing incidence of various cyber-crimes such as identity theft, phishing, along with malicious attacks that have been growing remarkably in the recent past. Major industries such as BFSI, manufacturing, retail, healthcare among others are highly susceptible to these threats. 
  • Organizations across the region are beginning to integrate cognitive security tools in their businesses, for instance, IBM Security is putting out products to help IT leaders equip their cognitive security operations centers (SOCs). Watson for Cyber Security is powering products such as IBM QRadar Advisor with Watson beginning to see evidence of the transformative power of this emerging technology.
Cognitive Security Market Growth

Cognitive Security Industry Overview

The cognitive security market is moderately competitive and also consists of a few prominentplayers that have better brand recognition in the market. In terms of market share, some of theplayers currently dominate the market. However, with the advancement in the AI and its integration across the cybersecurityservices, new players are penetrating across the emerging regionthereby increasing their market presence as well asexpanding their business footprint across the emerging economies.

  • Jun 2019 -Cisco announceditssoftware innovations designed to make managing and securing networks easier. As part of its broadened capabilities offering, Cisco is also unveiling innovations to more effectively manage users and applications across the entire enterprise networkfrom campus networks and wide-area networks to data centers and the IoT edge.
  • May 2019 -Darktraceannounced that the Royal Air Forces Association (RAFA), the largest charity providing welfare support to members of the Royal Air Forces, has selected Darktrace’s cyber AI to protect its members’ sensitive data from insider threat and sophisticated attacks.

Cognitive Security Market Leaders

  1. IBM Corporation

  2. Trend Micro Incorporated

  3. Broadcom Inc. (Symantec Corporation)

  4. Cisco System Inc.

  5. McAfee LLC

*Disclaimer: Major Players sorted in no particular order

"IBM Corporation,  Trend Micro Incorporated,  Broadcom Inc. (Symantec Corporation),  Cisco System Inc.,  McAfee LLC"
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Cognitive Security Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Open Source & Cloud Platforms Increasingly Becoming Vulnerable to Security Threats

      2. 4.2.2 Growing Adoption of IoT and Connected Devices across Industries

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of AI Professionals to Handle Cyber security Issues Ontime

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Technology Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Deployment

      1. 5.1.1 On-Premise

      2. 5.1.2 Cloud Based

    2. 5.2 By Service

      1. 5.2.1 Professional

      2. 5.2.2 Managed

    3. 5.3 Application

      1. 5.3.1 Cognitive Threat Intelligence

      2. 5.3.2 Predictive Maintenance

      3. 5.3.3 Cross-Investigation Analytics

      4. 5.3.4 Automated compliance management

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Latin America

        2. 5.4.4.2 Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IBM Corporation

      2. 6.1.2 Trend Micro Incorporated

      3. 6.1.3 Broadcom Inc. (Symantec Corporation)

      4. 6.1.4 Cisco System Inc.

      5. 6.1.5 Darktrace Limited

      6. 6.1.6 McAfee LLC

      7. 6.1.7 LogRhythm Inc.

      8. 6.1.8 Fortinet Inc.

      9. 6.1.9 ThreatMetrix Inc.

      10. 6.1.10 Cloudera, Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Cognitive Security Industry Segmentation

Cognitive computing uses an advanced type of artificial intelligence, thereby leveraging over various forms of AI, including machine-learning algorithms and deep-learning networks, that get stronger and smarter over time. Cognitive security is widely being adopted across a diverse set of industries for the protection of crucial information including public safety and utility companies. Cognitive security help in analyzing security developments and separate all the structured and unstructured information data into information thereby providing continuous security to business for improving its productivity.

Deployment
On-Premise
Cloud Based
By Service
Professional
Managed
Application
Cognitive Threat Intelligence
Predictive Maintenance
Cross-Investigation Analytics
Automated compliance management
Other Applications
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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Cognitive Security Market Research FAQs

The Cognitive Security Market is projected to register a CAGR of 23% during the forecast period (2024-2029)

IBM Corporation, Trend Micro Incorporated, Broadcom Inc. (Symantec Corporation), Cisco System Inc. and McAfee LLC are the major companies operating in the Cognitive Security Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Cognitive Security Market.

The report covers the Cognitive Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cognitive Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cognitive Security Industry Report

Statistics for the 2023 Cognitive Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cognitive Security analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Cognitive Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)