Market Size of Cognitive Security Industry
| 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
*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.
