LONDON--(BUSINESS WIRE)--According to the market research report released by Technavio, the global cognitive security market is expected to accelerate at a CAGR of over 22% during the forecast period. The increase in adoption of cloud-based services is one of the key factors triggering the growth of the market.
This research report titled ‘Global Cognitive Security Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global cognitive security market into the following end-user:
- BFSI
- Healthcare
- Retail and others
- ICT
- Government
In 2017, the BFSI segment accounted for 34% of the global market and is projected to reach 41% by 2022, exhibiting almost 7% increase in market share.
Global cognitive security market: Top emerging trend
High growth in demand for artificial intelligence and machine learning is an emerging trend in this market space. With constantly evolving technologies intended to ease human efforts intellectually and physically, the growth in demand for AI and machine learning is expected to drive the economic growth for all countries, especially the developed economies in future. Though AI is in the testing phase, its impact on labor productivity is expected to increase during the forecast period.
Machine learning, on the other hand, comprehends and delivers output in a human way, without being extensively programmed. Driverless cars, speech recognition, and advanced web searches are some of the technologies that use AI and machine learning. The number of connected devices has already outnumbered the human population, which shows that security-related data are multiplying every day; the expansion of this generated data is a major driver for the growth of the machine learning industry.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Cognitive Security Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, EMEA)
- Key leading countries
- Market segmentation by end user (BFSI, Healthcare, Retail and others, ICT, Government)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (IBM, Intel Corporation, Symantec Corporation, Dell, Cisco, Check Point Software Technologies)
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