Cognitive Security Market by Component (Services, Solutions), Security Type (Application, Cloud, Cybersecurity), Application, Deployment Mode, Enterprise Type, Vertical - Global Forecast 2024-2030
The Cognitive Security Market size was estimated at USD 19.50 billion in 2023 and expected to reach USD 25.46 billion in 2024, at a CAGR 31.73% to reach USD 134.26 billion by 2030.
Cognitive security includes using advanced technologies such as artificial intelligence (AI), machine learning (ML), and data analytics to detect threats and protect physical and digital assets. Cognitive security solutions are designed to learn and evolve, understanding the way 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 strategies 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.
Regional Insights
The cognitive security market in the Americas is fast-growing due to the 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 artificial intelligence and machine learning-driven security systems. The Americas 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. The 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 major region in cognitive security technology.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Cognitive Security Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing incidents of cyberattacks and cyber threats worldwide
- Rise in data generation and data complexities with increasing trend of digitalization
- Market Restraints
- Cost and budget constraints associated with cognitive security solutions
- Market Opportunities
- Growing inclination toward the adoption of industry-specific cognitive solutions
- Continuous expansion of connected devices and cloud services
- Market Challenges
- Interoperability and data security issues of cognitive security solutions
- Market Segmentation Analysis
- Component: Expanding usage of cognitive security services to ensure the smooth operation
- Security Type: Need to deploy cognitive security solutions to tackle the growing risks of cybersecurity breaches
- Application: Growing potential of cognitive security for automated compliance management to help organization adheres to regulations
- Deployment Mode: Emerging preference for on-cloud deployment solutions owing to their flexibility and cost-efficiency
- Enterprise Type: The high complexity of operational needs and significant resource availability of large enterprises
- Vertical: High value of assets in the banking, financial services & insurance sectors driving the adoption of cognitive security solutions
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cognitive Security Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cognitive Security Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Bugcrowd Amplifies Cybersecurity Efforts with USD 102 Million in New Funding
Bugcrowd raised USD 102 million in strategic growth funding to expand its innovative platform, which integrates artificial intelligence with a global network of security researchers. The aim is to provide businesses with more robust and efficient defenses against cyber threats. This round of funding signifies strong confidence from investors in Bugcrowd's approach to reinventing cybersecurity practices by leveraging a community of experts alongside advanced technology. This infusion of capital is expected to accelerate the company's growth, enhance its technology offerings, and secure its position in the competitive cybersecurity market.
CY4GATE SpA Expands European Cybersecurity Presence with Strategic Acquisition of IKS TN and Merger with XTN Cognitive Security
CY4GATE SpA acquired IKS TN, establishing their merger with XTN Cognitive Security, valued at approximately EUR 10 million. This acquisition assures the continued position of IKS TN's management team and complements CY4GATE's aim to cement itself as a European cyber security hub.
Strategic Alliance between Nexus Cognitive and Cloudera Unlocks New Horizons in Data Management and AI Solutions
Nexus Cognitive and Cloudera entered into a significant partnership, aiming to revolutionize data management and artificial intelligence (AI) applications for businesses across various industries. This partnership merged Nexus's proficiency in managed services with Cloudera's expertise in data analytics, driven by the technology-powered managed service NexusOne.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cognitive Security Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
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., Capgemini, Check Point Software Technologies Ltd., Cisco Systems, Inc., Cloudflare, Inc., CrowdStrike Holdings, Inc., CY4GATE SpA, Cyberark Software Ltd., Darktrace Holdings Limited, Deep Instinct Ltd., DXC Technology Company, Feedzai, FireEye, Inc., Fortinet, Inc., Google LLC by Alphabet Inc., Infosys Limited, International Business Machines Corporation, LexisNexis Risk Solutions by RELX, LogRhythm, Inc., Mastercard Incorporated, McAfee LLC, Microsoft Corporation, NEOM Company, Nozomi Networks Inc., NVIDIA Corporation, Okta, Inc., Oracle Corporation, Palo Alto Networks, Inc., Proofpoint, Inc., RSA Security LLC, Samsung Electronics Co., Ltd., SAP SE, Securonix, Inc., SparkCognition, Inc., Tenable, Inc., and Vectra AI, Inc..
Market Segmentation & Coverage
This research report categorizes the Cognitive Security Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Services
- Deployment & Integration
- Support & Maintenance
- Training & Consulting
- Solutions
- Biometric Recognition
- Digital Signature Recognition
- Real-time Security Analytics & Visualization Platform
- Unified Log Manager & Data Catalog
- Security Type
- Application
- Cloud
- Cybersecurity
- Endpoint
- Network
- Physical
- Application
- Anomaly Detection & Risk Mitigation
- Automated Compliance Management
- Threat Intelligence
- Deployment Mode
- On-Cloud
- On-Premises
- Enterprise Type
- Large Enterprises
- Small & Medium-sized Enterprises
- Vertical
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology
- Manufacturing
- Media & Entertainment
- Telecommunication
- Travel & Hospitality
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Services
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing incidents of cyberattacks and cyber threats worldwide
- 5.1.1.2. Rise in data generation and data complexities with increasing trend of digitalization
- 5.1.2. Restraints
- 5.1.2.1. Cost and budget constraints associated with cognitive security solutions
- 5.1.3. Opportunities
- 5.1.3.1. Growing inclination toward the adoption of industry-specific cognitive solutions
- 5.1.3.2. Continuous expansion of connected devices and cloud services
- 5.1.4. Challenges
- 5.1.4.1. Interoperability and data security issues of cognitive security solutions
- 5.2. Market Segmentation Analysis
- 5.2.1. Component: Expanding usage of cognitive security services to ensure the smooth operation
- 5.2.2. Security Type: Need to deploy cognitive security solutions to tackle the growing risks of cybersecurity breaches
- 5.2.3. Application: Growing potential of cognitive security for automated compliance management to help organization adheres to regulations
- 5.2.4. Deployment Mode: Emerging preference for on-cloud deployment solutions owing to their flexibility and cost-efficiency
- 5.2.5. Enterprise Type: The high complexity of operational needs and significant resource availability of large enterprises
- 5.2.6. Vertical: High value of assets in the banking, financial services & insurance sectors driving the adoption of cognitive security solutions
- 5.3. Market Trend Analysis
- 5.3.1. Emphasis on research and development for innovations in cognitive security solutions across the Americas
- 5.3.2. Strong presence of global cognitive security in APAC to support AI cybersecurity in corporate organizations and digitalization programs
- 5.3.3. Exponential investments in advanced security solutions along with government initiatives for cybersecurity awareness and infrastructure enhancement across EMEA
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Cognitive Security Market, by Component
- 6.1. Introduction
- 6.2. Services
- 6.3. Solutions
- 7. Cognitive Security Market, by Security Type
- 7.1. Introduction
- 7.2. Application
- 7.3. Cloud
- 7.4. Cybersecurity
- 7.5. Endpoint
- 7.6. Network
- 7.7. Physical
- 8. Cognitive Security Market, by Application
- 8.1. Introduction
- 8.2. Anomaly Detection & Risk Mitigation
- 8.3. Automated Compliance Management
- 8.4. Threat Intelligence
- 9. Cognitive Security Market, by Deployment Mode
- 9.1. Introduction
- 9.2. On-Cloud
- 9.3. On-Premises
- 10. Cognitive Security Market, by Enterprise Type
- 10.1. Introduction
- 10.2. Large Enterprises
- 10.3. Small & Medium-sized Enterprises
- 11. Cognitive Security Market, by Vertical
- 11.1. Introduction
- 11.2. Aerospace & Defense
- 11.3. Automotive & Transportation
- 11.4. Banking, Financial Services & Insurance
- 11.5. Building, Construction & Real Estate
- 11.6. Consumer Goods & Retail
- 11.7. Education
- 11.8. Energy & Utilities
- 11.9. Government & Public Sector
- 11.10. Healthcare & Life Sciences
- 11.11. Information Technology
- 11.12. Manufacturing
- 11.13. Media & Entertainment
- 11.14. Telecommunication
- 11.15. Travel & Hospitality
- 12. Americas Cognitive Security Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Cognitive Security Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Cognitive Security Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. Market Share Analysis, 2023
- 15.2. FPNV Positioning Matrix, 2023
- 15.3. Competitive Scenario Analysis
- 15.3.1. Bugcrowd Amplifies Cybersecurity Efforts with USD 102 Million in New Funding
- 15.3.2. CY4GATE SpA Expands European Cybersecurity Presence with Strategic Acquisition of IKS TN and Merger with XTN Cognitive Security
- 15.3.3. Strategic Alliance between Nexus Cognitive and Cloudera Unlocks New Horizons in Data Management and AI Solutions
- 15.3.4. Introducing Linksys' Innovative Velop Mesh Systems Enhanced With Cutting-Edge Cognitive Security
- 15.3.5. Patented.ai Secures USD 4 Million to Advance Protection Against AI Data Leaks
- 15.3.6. Revolutionizing Data Security with Concentric AI's New Semantic Intelligence Patent
- 15.3.7. Cisco Unveils Cutting-Edge AI Solutions for Enhanced Cybersecurity and Streamlined Collaboration
- 15.3.8. Simplr Integrates Generative AI with Cognitive Paths for Advanced Inquiry Resolution and Sales Opportunities
- 15.3.9. Enhancing Cybersecurity Resilience by the Strategic Alliance between Accenture and Google Cloud
- 15.3.10. Microsoft Unveils AI-driven Security Copilot for Enhanced Cybersecurity Measures
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.2. Key Product Portfolio
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