Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18.84 Billion | USD 45.27 Billion | 10.2% | 2024 |
The global cognitive security market size was worth around USD 18.84 Billion in 2024 and is predicted to grow to around USD 45.27 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.2% between 2025 and 2034. The report analyzes the global cognitive security market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cognitive security industry.
Cognitive security is an artificial intelligence (AI) application that secures the data from the cyber attacks or virus. It is designed to augment human intelligence and learning to proactively detect and analyze threats; thereby, protecting digital and physical systems. Cognitive security is involved in building a new generation of cognitive systems that would be able to comprehend the continuous evolving threats. Cognitive security uses data mining, natural language processing, machine learning, and human-computer interface for securing the data from threats. Removing the human errors and dependency based on research skills is one of the important reasons for the development and adoption of cognitive security solutions.
Cognitive security is an AI program that detects risks to physical and digital systems based on human thought patterns. It features self-learning security systems that replicate the human brain using pattern recognition, data mining, and natural language processing. These computerized security systems are intended to solve problems without the intervention of individuals. It aids in the prevention of cyberattacks aimed at manipulating human perception. Cognitive hacking is a type of attack that aims to influence people's behavior in such a way that the attacker's goal is achieved. It includes non-technical methods for reducing people's vulnerability to manipulation. These tools are intended to detect and prevent the spread of false data and misinformation.
Increasing adoption of artificial intelligence (AI) is expected to boost market growth.
The cognitive security industry has been growing due to an increase in demand for artificial intelligence (AI) solutions. With the goal of increasing data accessibility across all segments of the business streams, expenditures on AI and machine learning have expanded significantly. As cognitive security is based on AI program to detect risks and protects physical and digital systems, its adoption in different business streams is increasing rapidly. These AI-based automated security systems are meant to tackle problems without the involvement of people, which is expected to fuel the global cognitive security market expansion.
Growing incidences of cyber attacks and data security breaches are mainly driving the growth of cognitive security market. Growing adoption of Bring Your Own Device (BYOD) and the Internet of Things (IoT) trends is another major factor to fuel the demand for cognitive security solutions. The global BYOD market is expected to reach approximately USD 367 billion by 2022 from USD 30 billion in 2014. It has also been studied that over 59% of the organizations permit their employees to use their own devices to access business apps or for other work purposes. Studies have even found that the employee morale and productivity has improved due to the reduction in hardware and networking costs.
According to Cisco, 69% of the IT sector’s decision-makers prefer BYOD and favor it as a boon to any work as it saves employees time. Moreover, the global IoT adoption had reached around 43% of enterprises as of 2016. Thus, the high adoption of BYOD and IoT in various organizations is expected to propel the demand for cognitive security solutions in the near future. Also, the concerns such as restricted security budget, increasing cyber threat but lack of security professionals are expected to restrict the growth of the market. Furthermore, growth in analytics, machine learning, and AI are some of the opportunities for the players in the cognitive security market.
Cognitive Security Market: Restraints
The difficulty of putting cognitive security into practice may hinder market growth.
The major hurdles to the market growth are due to complexities related to the implementation of connective securities in small and middle-scale industries. This is might be due to budget constraints or a lack of a skilled workforce. Furthermore, the additional cost associated with the training of personnel to adopt newer systems and low awareness also impedes market growth.
Cognitive Security Market: Opportunities
Increasing trend of IoT and Bring Your Own Device is likely to offer better growth opportunities for the market growth.
The growing use of BYOD and Internet of Things (IoT) trends, as well as the rising incidence of cyber-attacks and security breaches, are driving up demand for the global cognitive security market. Operators and manufacturers now have more scope and prospects thanks to rising demand and expanded worldwide market penetration. New users want to be mobile when they join the workforce, and part of that mobility includes utilizing their own devices rather than company-owned devices. BYOD allows employees to work and collaborate more freely in terms of how, where, and when they do so. Furthermore, the cognitive security market players' ongoing efforts are expanding the global market's potential.
Cognitive Security Market: Challenges.
Lack of skilled professionals may pose a major challenge to the market growth.
A major problem that stymies industry expansion is a scarcity of experienced personnel and the rise of insider cyber threats. These variables enhance an organization's risk of failure, demanding the use of effective cognitive security solutions. In addition, the market's growth is hampered by a lack of understanding and significant investments in stringent security solutions.
The global cognitive security market is segmented based on Component, Deployment Mode, Application, Industry Vertical, and region.
Based on Component, the global cognitive security market is divided into Solution and Service.
On the basis of Deployment Mode, the global cognitive security market is bifurcated into On-Premise and Cloud), Organization Size (Large Size Organization and Small & Medium Size Organization.
By Application, the global cognitive security market is split into Threat Intelligence, Anomaly Detection & Risk Mitigation, Automated Compliance Management, and Others.
In terms of Industry Vertical, the global cognitive security market is categorized into BFSI, Retail & Agriculture, IT & Telecom, Education, Healthcare, and Others.
Report Attributes | Report Details |
---|---|
Report Name | Cognitive Security Market |
Market Size in 2024 | USD 18.84 Billion |
Market Forecast in 2034 | USD 45.27 Billion |
Growth Rate | CAGR of 10.2% |
Number of Pages | 210 |
Key Companies Covered | Cisco System Inc., IBM Corporation, Symantec Corporation, CA Technologies Inc., DXC Technology Company, Securonix Inc., Google (Alphabet Inc.), Amazon Web Services Inc., Acalvio Technologies Inc., Fortinet Inc.,, and others. |
Segments Covered | By Component, By Deployment Mode, By Application, By Industry Vertical, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to dominate the global market over the forecast period.
North America accounted for the largest share in the global cognitive security market in 2021 with a market share of 35.5 percent, followed by Asia Pacific and Europe. In addition, emerging technologies including big data analytics are widely used in businesses, fueling market expansion in the region. Big data analytics provides instruments for improving security, which propels the market forward. Furthermore, increased expenditures in cognitive process automation are expected to boost demand for cognitive security, propelling the market in the United States and Canada.
Recent Developments
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cognitive security market on a global and regional basis.
The global cognitive security market is dominated by players like:
Global cognitive security market is segmented as follows:
By Component
By Deployment Mode
By Organization Size
By Application
By Industry Vertical
By Region
FrequentlyAsked Questions
Cognitive security is an artificial intelligence (AI) application that secures the data from the cyber attacks or virus.
The global cognitive security market is expected to grow due to rising cybersecurity threats, increasing use of ai and machine learning in security analytics, and growing digital transformation.
According to a study, the global cognitive security market size was worth around USD 18.84 Billion in 2024 and is expected to reach USD 45.27 Billion by 2034.
The global cognitive security market is expected to grow at a CAGR of 10.2% during the forecast period.
North America is expected to dominate the cognitive security market over the forecast period.
Leading players in the global cognitive security market include Cisco System Inc., IBM Corporation, Symantec Corporation, CA Technologies Inc., DXC Technology Company, Securonix Inc., Google (Alphabet Inc.), Amazon Web Services Inc., Acalvio Technologies Inc., Fortinet Inc.,, among others.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed