What is Cognitive Data Management Market?
Cognitive data management automates the manual activities through the cognitive computing in data management. It reduces the errors and administrative work for data management. The advancement in technologies and introduction of intelligent algorithms and tools has made the data management easier. These factors are contributing towards the increasing demand of cognitive computing solution in industries such as retail, banking, manufacturing and health care. Which is fuelling the market growth.
The market study is being classified and major geographies with country level break-up.
IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Cognizant (United States), HPE (United States), SAS (United States), Infosys (India), Wipro (India) and DATUM (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Expert System (Italy), Immuta (United States), Informatica (United States), Attivio (United States), Cognitive Scale (United States), Kingland Systems (United States), Pingar (New Zealand), Reltio (United States), Saksoft (India) and Salesforce (United States).
The market of Cognitive data management is fragmented as it consists of major as well as emerging players. Due to availability of many large and small players they are trying to gain a competitive edge in the market through product and technology launch, strategic partnership, acquisition, expansion, and collaboration. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cognitive Data Management market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Cognitive Data Management market by Type, Application and Region.
On the basis of geography, the market of Cognitive Data Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing investments by large enterprises for cognitive technologies. These enterprises are investing on Artificial Intelligence technology for enhancement of customer service experience. It also helps in optimisation of business performance and decision making.
- Increasing Need of Business Optimisation and Effective Management
- Data Security Issues are affecting the Adoption of Cognitive Data Management Solutions in Some Organisations
- Digitalization Coupled with Penetration of Smartphones in Developing Economies
- Rising Usage of Connected Devices is creating a Growth Opportunity
- Issues Associated with the Implementation of Cognitive Systems
Market Leaders and some development strategies
On 21st October 2019, Microsoft has acquired Mover which is a platform for moving files and streamlining the process of user data transfer to cloud. and On 4th September 2019, Microsoft has acquired Movere which is a SaaS based platform for capturing integrating and analysing the data that is needed to make the decisions.
Key Target AudienceSoftware developers, Government Regulatory Bodies, Government Research Organisations, Private Research Organisations and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Cognitive Data Management Market?
"Increasing investments by large enterprises for cognitive technologies. These enterprises are investing on Artificial Intelligence technology for enhancement of customer service experience. It also helps in optimisation of business performance and decision making." is seen as one of major growth factors of Cognitive Data Management Market in years to come.
2. Can we have customized study for Cognitive Data Management Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Cognitive Data Management Market?
United States will lead Cognitive Data Management Market in coming years.