Global Cognitive Security Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027

"Global Cognitive Security Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027" is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global cognitive security market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cognitive security market report has been segmented on the basis of component, deployment type, security type, industry vertical, and region.

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Introduction:

Cognitive computing, is an innovative type of artificial intelligences system, leverages different forms of AI, including machine-learning algorithms and deep-learning networks. Cognitive security is the application of artificial intelligence technologies designed in a pattern on human thought processes in order to detect threats, virus, and protect physical and digital systems. Cognitive systems help in analyzing security progresses and separate all unstructured and structured information data into information and offers continuous security to business and enhance its productivity.

Dynamics:

Increasing government approach towards digital economy, high Internet penetration in developed and developing economics is resulting into growing demand for digital security systems, which are major factors driving growth of the global cognitive security market currently. In addition, increasing demand for data security from healthcare sector, coupled with growing connected healthcare devices approach in developed countries are some other factors expected to support growth of the global cognitive security market. Furthermore, growing adoption of cloud services from various industrial verticals is increasing demand for digital data security, which is another major factor expected to boost growth of the target market to certain extent. Moreover, increasing government expenditure for development of internet security infrastructure in developing countries, owing to rising threats from hackers and malicious actor is another major factor expected to support growth of the global market over the forecast period.

However, restricted security budgets in developing countries is a major factor expected to hamper growth of the global market. In addition, lack of skilled labor is among another factor expected to limit the growth of the target market to certain extent.

Technological advancement and increasing investment by major players are expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.

Region Analysis:

The market in Asia Pacific is expected to dominate the global market and is expected to continue its dominance over the forecast period. The dominance can be attributed to high Internet penetration, increasing government approach towards digital economy and presence of major players operating in the countries in this region. According to Indian Brand Equity Foundation India’s internet economy is expected to double from US$ 125 Bn as of April 2017 to US$ 250 Bn by 2020. North America is expected to contribute significant revenue share to the global market, owing to well-developed Internet infrastructure and increasing government expenditure on digital security. The US federal government’s spent US$ 19 Bn in an initiative to improve cyber security for critical infrastructure positions in the country. The market in Europe is anticipated to witness faster growth.

Global Cognitive Security Market Segmentation:

By Component:

• Solutions
• Services

By Deployment Mode:

• Cloud
• On-premises

By Security Type:

• Physical security
• Cybersecurity

By Industry Vertical:

• Aerospace and defense
• Government
• BFSI
• IT and telecom
• Healthcare
• Retail
• Manufacturing
• Energy and utilities
• Others (Media and entertainment, education, and transportation)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Intel Security Public Sector LLC
• Symantec Corporation
• Trend Micro, Inc.
• IBM Corporation
• Cisco Systems, Inc.
• DXC Technology Compan
• CA Technologies, Inc.
• CSC, Logrhythm, Inc.
• Cato Networks Fortinet, Inc.
• Google LLC