Global Cognitive Data Management Market
Added: (Thu May 02 2019)
Pressbox (Press Release) -
Global Cognitive Data Management Market was valued US$ 340.06 Mn in 2016 and is estimated to reach US$ 1605.80 Mn by 2026 at a CAGR of about 20.05% during a forecast period.
Cognitive Data Management MarketGlobal cognitive data management market is segmented by Component, Organization Size, Deployment Type, Vertical, and Geography. Based on the Component, cognitive data management market is divided primarily into services and solutions. In terms of organization size, cognitive data management market is categorized into large enterprises and small & medium enterprises. The vertical segment is categories in BFSI, Manufacturing, and Telecom & IT. By deployment type, cognitive data management market is segmented into a cloud and on premises. Geographically, Global cognitive data management market is spread by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
Technology advancements in industrial IT infrastructure have led to a growth of the cognitive data management market. Growing usage of IoT-based devices, which results in upshifting the amount of digital data, and innovative analytics are expected to drive the growth in the cognitive data management market. The rising use of IoT-based devices, resulting in upshifting the amount of digital data, growing adoption of the cognitive computing technology and advanced analytics, increasing volume of complex data, and growing demand for streamlining business operations are some of the factors expected to drive the cognitive data management market. However, prevailing data security apprehensions and complex analytical processes may restrain the growth of the market.
The cloud deployment type is estimated to witness the large market share in global cognitive data management market. Cloud-based solutions provide a widespread range of functionalities, such as pay-per-use model, ease in accessibility, flexibility faster setup time, multi-user support, and low installation and maintenance costs, which drive the demand in growth for cloud-based service.
The BFSI vertical is expected to hold the largest market share during the forecast period. BFSI enterprises possess a large number of employee that generates a huge amount of data, which needs to be managed for the effective operation of business operations. In the use of social analytical tools to gain more perceptive information regarding users can be supportive for sales and marketing purposes, which turns to increase the adoption of cognitive data management.
North America is expected to hold large market share global cognitive data management market due to growing advancements in enterprise IT infrastructure. Furthermore, Asia Pacific is estimated to hold the largest market share in the cognitive data management market, due to the rising demand from various IT industries and quantifiable increase in IoT devices.
Some of the major players in global Cognitive Data Management market include Informatics, Infosys, Kingland Systems, Microsoft, Oracle, Pingar, Reltio, Saksoft, Salesforce, SAP, SAS, Attivio, cognitive scale, Cognizant, DATUM, Expert System, HPE, IBM, Immuta and other cognitive data management solution, providers.
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The Scope of the Global Cognitive Data Management Market
Global Cognitive Data Management Market, By Component
Global Cognitive Data Management Market, By Organization Size
• Large Enterprises
• Small & Medium Enterprises
Global Cognitive Data Management Market, By Deployment Type
Global Cognitive Data Management Market, By Vertical
• IT & Telecom
Global Cognitive Data Management Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players Global Cognitive Data Management Market
• Expert System
• Strongbox Data Solutions
• Kingland Systems
This Report Is Submitted By @ https://www.maximizemarketresearch.com
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