Cognitive data management solutions are playing a crucial part in the expansion of the business, consumer, and government sectors in the current, cutthroat business environment. The massive expansion of internet connectivity and the enormous rise in data usage are opening up new markets for the providers of cognitive data management solutions.
The market for cognitive data management is expanding at a rapid rate due to the growing demand for digitization across numerous industry sectors. Furthermore, the global adoption of cognitive data management has increased as a result of the development of advanced and digital technology.
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Cloud integration in cognitive data management has recently gained popularity among businesses, corporations, and government agencies that use SaaS. (Software as a Service). For consolidating and indexing this, cognitive data management solutions should ideally offer a strong mechanism.
Cognitive Data Management Market: Drivers and Challenges
The major growth drivers of the cognitive data management market include adoption of the latest technological advancements and increasing demand of cloud-based applications. In addition, use of cognitive data management in various industry verticals shall drive the growth of cognitive data management market in near future.
Advancements in industrial IT infrastructure across the globe has led to growth of the cognitive data management market across the globe. In parallel, increasing growth of IoT devices is resulting in the growth of the digital data coupled with increasing adoptation of cognitive data management solutions. These factors are expected to impel the growth of the cognitive data management market.
Competition Landscape
Key Players
Some of the major players in global Cognitive Data Management market include
- Attivio,
- CognitiveScale,
- Cognizant,
- DATUM,
- Expert System,
- HPE,
- IBM,
- Immuta,
- Informatica,
- Infosys,
- Kingland Systems,
Microsoft, Oracle, Pingar, Reltio, Saksoft, Salesforce, SAP, SAS, and other cognitive data management solution providers.
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Regional Overview
Presently, the cognitive data management market in North America has shown significant growth rate, due to increasing advancements in enterprise IT infrastructure. Due to the growing demand for enterprise applications, coupled with technological advancements in the region, the cognitive data management market in North America is projected to experience a high growth CAGR.
Cognitive Data Management Market: Segmentation
The global cognitive data management market can be segmented as:
Cognitive Data Management Market Segmentation by Solutions:
- Data Integration & Migration
- Data Governance & Quality
- Others
Cognitive Data Management Market Segmentation by Deployment:
- On-Premise
- Cloud-based
Cognitive Data Management Market Segmentation by Enterprise Size:
- Large Enterprise
- Small & Medium Enterprise
Cognitive Data Management Market Segmentation by Industry:
- Manufacturing
- Healthcare and Pharmaceuticals
- Government and Legal Services
- Banking, Financial Services, and Insurance (BFSI)
- Telecom & IT
- Others (retail, utilities, automotive etc.)
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