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Cognitive Security Market : Global Opportunity Analysis and Industry Forecast, 2023-2032

07-10-2024 01:56 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Cognitive Security Market : Global Opportunity Analysis

According to the report published by Allied Market Research, Cognitive Security Market : Global Opportunity Analysis and Industry Forecast, 2023-2032. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Increase in adoption of technologies such as Internet of Things (IoT), connected devices, and Bring Your Own Device (BYOD) are the major factors that drive the growth of the cognitive security market. Also, increase in the number of cyberattacks and security breaches and the increase in the implementation, adoption, and penetration of artificial intelligence fuels the growth of the market. However, complexity associated with the implementation of cognitive security and lack of awareness and skilled labor to implement the solution hampers the cognitive security market growth. Furthermore, increase in the penetration of cloud technology in cognitive security and rise in adoption of social media platforms by different SME's are anticipated to provide strong opportunities for the market.

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Cognitive security is the AI application patterned on human thought processes to detect threats to protect physical and digital systems. It involves self-learning security systems, which uses data mining, pattern recognition, and natural language processing to simulate the human brain. These automated security systems are designed to solve problems without humans. It is helpful in preventing cyberattacks that manipulate human perception. Such attacks are referred to as cognitive hacking, which are designed to affect people's behavior in a way that attacker's purpose is served. It includes non-technical approaches for making individuals less vulnerable to manipulation. These solutions are designed to detect misleading data and disinformation and prevent its dissemination.

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The cognitive security market is segmented into component, deployment mode, organization size, application, industry vertical, and region. In terms of component, the it is bifurcated into solution and services. By deployment mode, it is segmented into on-premise and cloud. As per organization size, it is bifurcated into large enterprise and small & medium enterprises. By application, cognitive security market is classified into threat intelligence, anomaly detection and risk mitigation, automated compliance management, and others. As per industry vertical, it is divided into BFSI, retail & agriculture, IT and telecom, education, healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled for the cognitive security market analysis include IBM Corporation, Cisco System Inc., Symantec Corporation, DXC Technology Company, CA Technologies Inc., Google (Alphabet Inc.), Amazon Web Services Inc., Fortinet, Inc., Acalvio Technologies Inc., and Securonix, Inc. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.

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Key Benefits For Stakeholders

● The study provides an in-depth analysis of the global cognitive security market trends along with the current & future estimations to elucidate the imminent investment pockets.

● Information about the key drivers, restraints, and opportunities and their impact analysis on the market is provided.

● Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

● The quantitative analysis of the cognitive security market size is provided to determine the market potential.

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Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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