$17 Bn Cognitive Security Market, 2023 - Focus on Threat Intelligence, Anomaly Detection & Risk Mitigation, & Automated Compliance Management
DUBLIN, May 23, 2018 /PRNewswire/ --
The "Cognitive Security Market by Component, Application (Threat Intelligence, Anomaly Detection & Risk Mitigation, Automated Compliance Management), Security Type, Deployment, Enterprise Size, Vertical, & Region- Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The cognitive security market is expected to grow from USD 3.62 Billion in 2018 to USD 17.09 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.4% during the forecast period.
The major driving factors for the cognitive security market growth are the increasing number of security breaches and cyber-attacks, and the rising adoption of the Internet of Things (IoT) and Bring Your Own Device (BYOD) trends across verticals.
The solutions segment is expected to account for the larger market size during the forecast period. The real-time security analytics and visualization platform plays a crucial role in detecting anomalies and preventing unusual behaviors or cyber-attacks. On the contrary, the services segment is expected to grow at a faster rate during the forecast period, owing to the growing need for the proper implementation of cognitive security solutions.
The cloud deployment mode is expected to account for the larger market size and is expected to grow at a higher CAGR during the forecast period, as the cloud deployment mode is more preferred for mobile and web application security.
The large enterprises segment is expected to account for the larger market size during the forecast period, whereas the Small and Medium-sized Enterprises (SMEs) segment is expected to register a higher CAGR during the forecast period, as attackers mainly target SMEs to penetrate their applications for accessing customer information, payment details, and other confidential data.
Among the security types, the cybersecurity segment is expected to have the larger market size and is projected to grow at a faster rate during the forecast period. The rapidly growing connected devices have made enterprise networks more prone to cyber threats. Therefore, the demand for cognitive solutions is expected to be more during the forecast period.
Among the applications, the threat intelligence application is expected to be the fastest growing application in the cognitive security market, whereas the anomaly detection and risk mitigation application is expected to have the largest market size during the forecast period. Anomaly detection and risk mitigation is a network security application that monitors networks o identify abnormal activities and report them.
Among the verticals, the Banking, Financial Services, and Insurance (BFSI) vertical is expected to be the highest contributor in terms of the market size and is projected to grow at the fastest rate during the forecast period, as this vertical holds large volumes of sensitive information related to employees, assets, offices, branches, operations, and customers. Therefore, the demand to protect sensitive information is always high in the BFSI vertical.
The healthcare, energy and utilities, manufacturing, retail, government, aerospace and defense, and IT and telecom verticals are also expected to contribute significantly to the growth of the cognitive security market to safeguard information and quickly identify and prevent cyber-attacks.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Cognitive Security Market 4.2 Market Top 3 Verticals 4.3 Market Analysis, By Region, 2018
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 to Assist Security Analysts in Taking Proactive Security Measures 5.2.1.2 Increasing Number of Security Breaches and Cyber-Attacks 5.2.1.3 Rising Adoption of IoT and Increasing Trend of Byod Across Verticals 5.2.2 Restraints 5.2.2.1 Restricted Security Budgets 5.2.3 Opportunities 5.2.3.1 Regulatory and Compliance Mandates 5.2.3.2 Growing Market for Cloud-Based Businesses 5.2.3.3 Rising Adoption of Social Media Platforms in Various Business Functions 5.2.4 Challenges 5.2.4.1 Lack of Skilled Security Professionals 5.2.4.2 Rapidly Increasing Insider Cyber Threats 5.3 Industry Trends 5.3.1 Regulatory Implications 5.3.1.1 Introduction 5.3.2 Cognitive Security Market: Case Studies 5.3.2.1 Case Study: Healthcare 5.3.2.2 Case Study: Retail 5.3.2.3 Use Case: Government 5.3.2.4 Use Case: BFSI 5.3.2.5 Use Case: Education
6 Cognitive Security Market, By Component 6.1 Introduction 6.2 Solutions 6.2.1 Unified Log Manager and Data Catalog 6.2.2 Real-Time Security Analytics and Visualization Platform 6.2.3 Biometric Recognition 6.2.4 Digital Signature Recognition 6.3 Services 6.3.1 Deployment and Integration 6.3.2 Support and Maintenance 6.3.3 Training and Consulting
7 Cognitive Security Market, By Application 7.1 Introduction 7.2 Threat Intelligence 7.3 Anomaly Detection and Risk Mitigation 7.4 Automated Compliance Management 7.5 Others
8 Cognitive Security Market, By Security Type 8.1 Introduction 8.2 Physical Security 8.3 Cybersecurity 8.3.1 Network Security 8.3.2 Cloud Security 8.3.3 Application Security 8.3.4 Endpoint Security
9 Market By Deployment Mode 9.1 Introduction 9.2 Cloud 9.3 On-Premises
10 Market By Enterprise Size 10.1 Introduction 10.2 Large Enterprises 10.3 Small and Medium-Sized Enterprises
11 Cognitive Security Market, By Vertical 11.1 Introduction 11.2 Aerospace and Defense 11.3 Government 11.4 Banking, Financial Services, and Insurance 11.5 IT and Telecom 11.6 Healthcare 11.7 Retail 11.8 Manufacturing 11.9 Energy and Utilities 11.10 Others
12 Geographic Analysis
13 Competitive Landscape 13.1 Overview 13.2 Top Players in the Cognitive Security Market 13.3 Competitive Scenario 13.3.1 New Product Launches/Product Upgradations 13.3.2 Partnerships/Collaborations/Agreements 13.3.3 Mergers and Acquisitions
14 Company Profiles 14.1 Introduction 14.2 IBM 14.3 Cisco 14.4 CA Technologies 14.5 Symantec 14.6 Check Point Software 14.7 DXC Technology 14.8 AWS 14.9 Expert System 14.10 Fortinet 14.11 Trend Micro 14.12 Google 14.13 Acalvio 14.14 Securonix 14.15 Sift Science 14.16 Feedzai 14.17 SparkCognition 14.18 Cybraics 14.19 Demisto 14.20 XTN 14.21 ThreatMetrix 14.22 LogRhythm 14.23 High-Tech Bridge 14.24 Deep Instinct 14.25 DarKTrace 14.26 Cylance 14.27 McAfee
For more information about this report visit https://www.researchandmarkets.com/research/zttp2k/17_bn_cognitive?w=5
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