Press release
Cognitive Data Management Market is Booming (CAGR of 30.1%) Worldwide: IBM, Salesforce, SAP SE, Informatica, SAS, Cognizant, Microsoft
Cognitive Data Management Market
Global Cognitive Data Management Market, By Component (Solutions and Service), Business Function (Operations, Sales & Marketing, Finance, Legal, Human Resource), Deployment Type (On-Premises, Cloud), Vertical (BFSI, Healthcare & Pharmaceuticals, Manufacturing, Telecom, IT, Media, Government & Legal Services, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The Global Cognitive Data Management Market was valued at USD 524.8 million in 2017 and is expected to reach USD 1,643.2 million in 2025, growing at a healthy CAGR of 30.1% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The key players operating in the global cognitive data management market are IBM, Salesforce, SAP SE, Informatica, SAS, Cognizant, Microsoft, Infosys, Veritas, Wipro, Datum, Reltio, Talend, HPE, Oracle, Saksoft, Snaplogic, Strongbox Data Solutions, Immuta, Attivio, Sparkcognition, Expert System, Cogntivescale, Pingar, and many more.
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Market Definition:
The data management is the primary and most important task of IT but is also been sadly undervalued and largely ignored. The cognitive data management helps in looking for leverages because of the recent advancements made in the cognitive computing to automate the overall manual activities within data management. As the technologies are being developed, the complex data volume is also increasing. To reduce the administrative burden that is imposed by data management the cognitive data management are used. For providing the contemporary data management strategy, synchronizing with the storage resources management engine, and data management policy framework, the cognitive management is used. In 2016, RAVN Systems launched RAVN Connect Enterprise with Google Search Appliance replacement program. This RAVN Connect Enterprise can connect enterprise which differs from other search solutions with its cognitive features and undertakes enterprise search and unstructured data management. Hence, the market for data management is increasing due developments in computing technology and advanced analytics.
Market Drivers:
Raise in IoT based devices up-shifting the amount of digital data
Adoption of cognitive computing technology and advanced analytics
Increasing volume of complex data
Streamlining business operations
Market Restraint:
Prevailing data security anxieties
Complex analytical process
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Segmentation: Global Cognitive Data Management Market
Component
Solutions
Data Integration & Migration
Data Governance & Quality
Others
Service
Consulting Services
Integration Services
Support & Maintenance Services
Business Function
Operations, Sales & Marketing
Finance, Legal
Human Resource
Deployment Type
On-Premises
Cloud
Vertical
BFSI
Healthcare & Pharmaceuticals
Manufacturing
Telecom, IT, and Media
Government & Legal Services
Others
Geography
North America
Europe
Asia-Pacific
South America
Brazil
Middle East & Africa
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global cognitive data management market Analyze and forecast the cognitive data management market on the basis of component, business function, deployment type, and vertical
Trends of key regional and country-level markets for component, business function, deployment type, and vertical
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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