Cognitive security is the application of AI technologies patterned on human thought processes to detect threats and protect physical and digital systems. The key factor driving growth of the global cognitive security market is the rising number of cyber-attacks and security breaches primarily in the IT & telecommunications sector.
The key players active in the global cognitive security market include IBM Corporation, Intel Corporation, Symantec Corporation, Cisco Systems, CA Technologies, Inc., XTN, CSC (DXC Technology), Fortinet, Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Trend Micro, Inc., and Logrhythm, Inc. The global cognitive security market is moderately consolidated with top players primarily responsible for major developments in the market. Furthermore, the market also has a significant number of small to mid-sized companies primarily in the U.S. and Europe focusing on the adoption of cognitive security in enterprises to strengthen security.
The report titled “Global Cognitive Security Market – Competitive Portfolio, Market Share, Business Strategy, and Developments, 2023 - 2032” offers strategic visions into competitive landscape of the global cognitive security market. The report would offer company overview for each leading player active in the global cognitive security market while considering parameters namely global sales network, employee strength, key executives, listing on the stock exchange, subsidiaries, R&D activities, and service portfolio. For instance, IBM Corporation reported research and development spending of US$ 5.6 Billion for 2017 whereas its Cognitive Solution’s business generated above US$ 18 Billion sales revenue in 2017. The global cognitive security market revenue stood at US$ 4.28 Billion in 2018 and is expected to expand at a CAGR of 32.6% from 2019 to 2024.
The report also covers business segment analysis which would enlist all the business segments of the company and would further identify the placement of cognitive security segment in the company’s overall portfolio. Furthermore, cognitive security segment share in the total company business would also be highlighted. For instance, Cisco Systems operates through five business segments namely infrastructure platforms, applications, security, services and others. Cognitive security solutions are provided under web security sub-segment of the Security segment. Security business segment occupied 5.0% share in the overall sales revenue in 2018.
The report also covers key competitive information such as product portfolio and recent developments for all cognitive security producers. Product portfolio encompasses all the available solutions under the cognitive security business segment. The product details would include product name, specifications, commercial production date, and technology involved.
Whereas, recent development section provides details into the latest development activities of the company. This section highlights developments such as product/technology expansion, acquisition, new product launches, geographical expansion, partnerships, alliances, and new investments into cognitive security products. For instance, in 2018, XTN, Inc. expanded its global presence by opening a new office in New York and headquarters in Chicago.
Key players in the global cognitive security market are strongly focusing on partnerships with large IT and Telecom organizations to conduct trials of their cognitive security solutions. Furthermore, the solution providers across the world are focusing on expanding their presence in North America as the region presents large market opportunity to the cognitive security vendors outside the U.S.
The major active players are IBM Corporation, Intel Corporation, Symantec Corporation, Cisco Systems, CA Technologies, Inc., XTN, CSC (DXC Technology), Fortinet, Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Trend Micro, Inc., and Logrhythm, Inc..
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The base year considered in Global Cognitive Security market report is 2021.
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