Cognitive Security Market In IT & Telecommunication: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
The Cognitive Security Market in It & Telecommunication is defined as a security that uses data mining, machine learning, natural language processing (NLP), and human-computer interface for securing data from cyber-attacks and virus. In addition, the cognitive system even helps in analyzing the security developments and discrete the structured and unstructured information data into relevant information. It also provides security to businesses and helps in improving the productivity of the business. The increasing shift toward the use of cognitive security services for data storage of confidential and private data of an organization and the rise in employee mobility contribute to the need for cognitive security in IT & telecommunication.
With the increasing adoption of the cloud-based services in various business platforms, such as enterprise business, has led to the need to secure the information of organizations. The implementation of cloud-based cognitive security by small and medium enterprises is increasing rapidly and fuels the growth of the market.
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The report provides an in-depth analysis of the cognitive security market aiming to secure the data and services, reduce operational cost, improve business efficiency, and operational performance. With the help of cognitive security, various organizations can increase productivity and efficiency and can ensure the protection of the data. They can easily be integrated with other applications. They can be installed either on-premises or even through the network of the vendors. In addition, the solutions are proven to be reliable and improve scalability. The report discusses the organization size, deployment mode, end-users, and regions. Further, the report provides details about the major challenges impacting market growth.
According to Publisher, the cognitive security market in IT & telecommunication is expected to reach $3.68 billion by 2023, growing at a CAGR of 30.36% during the forecast period. Cognitive security is widely being adopted across a diverse set of industries for the protection of crucial information that includes public safety and utility companies. An increase in the adoption of the cloud-based services and the Internet across the IT & telecommunication sector, the need to protect the data has rapidly increased.
Furthermore, the Americas is experiencing significant growth due to the developed infrastructure in the region boosting the cognitive security market, followed by APAC and EMEA during the forecast period.
Market Segmentation Analysis:
The report provides a wide-range evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendors presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, deployment, organization size, and end-users.
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Countries and Vertical Analysis:
The report contains an in-depth analysis of the vendor profiles, which includes financial health, business units, key business priorities, SWOT, strategy, and views; and competitive landscape. The key and the prominent vendors covered in the report include Intel Security, XTN, Symantec Corporation, IBM Corporation, Cisco Systems, CA Technologies, Inc., CSC, Fortinet, Inc., Cato Networks, and Check Point Software Technologies. Most of the major players are in the Americas. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
The counties covered in report are Canada, the US, China, India, Japan, and Germany. Among these, Japan, the US, and China are expected to grow at a high rate during the forecast period (2017-2023) owing to an increase in the penetration rate of e-commere, connected devices, and increasing number of data centers.
The Americas is the dominating region, which holds the largest share for of the cognitive security market owing to the high adoption of cloud security by small and medium-size enterprises as the benefits and cost factors are advantageous. In addition, they have the largest base for technological innovations and adoption, and are primarily one of the global producers of automation equipment and is home to several domestic industries. The Asia Pacific is among the fastest growing markets for cognitive security. The region boasts of major developing economies with a focus on the increasing data centers and the growing penetration rate of connected devices across this region. In addition, the government is focused on ICT infrastructure development owing to the increasing demand for safety and security of information. EMEA is the third largest contributor to the cognitive security market due to the increasing demand from the IT industries. The companies are utilizing IoT, analytics, cloud, and various tools to differentiate their services.
The cloud-based solution is the major driving factor in the region. The proliferation of connected devices, such as smartphones, tablets, laptops, and drones, is driving the market in the region. The major telecommunication industries are also partnering with cognitive security vendors to secure their products and services. Thus, the Cognitive Security Market in IT & Telecommunication is expected to witness significant growth in this region.
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