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Pulished Date August, 2020
ID: 9958
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Global Cognitive Data Management Market by Component (Solutions and Services), Deployment Type (Cloud and On-site), Enterprise Size (SMEs and Large), Vertical (BFSI, Health, IT and Telecommunications, Government, Manufacturing, Others), and Region - Forecast to 2025

Pulished: August, 2020
ID: 9958
Pages: 150

Cognitive Data Management Market Overview (2020 – 2025)

The global cognitive data management market was worth $0.8 billion in 2019 and is anticipated to reach $2.4 billion by 2025, at a compound annual growth rate (CAGR) of 20.9% during the conjecture period.

Data management is the main and most important task of IT, but it has also been undervalued and largely overlooked. Cognitive data management allows you to look for leverage due to recent advances in cognitive computing to automate general manual activities within data management. As technologies develop, the volume of complex data also increases. To reduce the administrative burden of data management, cognitive data management is used. Cognitive management is used to provide the contemporary data management strategy, synchronization with the storage resource management engine and the data management strategy framework. In 2016, RAVN Systems launched RAVN Connect Enterprise with the Google Search Appliance replacement program. This RAVN Connect Enterprise can connect companies that stand out from other search solutions by their cognitive characteristics and perform unstructured business research and data management. Therefore, the data management market is growing due to developments in computer technology and advanced analytics.

The accelerated adoption of automation and cloud technologies in enterprises and businesses has resulted in colossal data generation and traffic in the cloud. Thus, it fueled the growth of data management software, which in turn fueled the market demand for cognitive data management. And more than 90% of businesses that use the cloud for business have said that the amount of internet traffic is growing exponentially.

Recent Developments:

  • May 2020: AT&T and Salesforce published about a long-term contract to provide new connected experiences to AT&T customers. AT&T will implement Salesforce Customer 360 to create a unique view of each customer at each point of contact, whether in person in a store, by phone, in a professional environment or on any AT&T digital property.
  • March 2020: Informatica introduces serverless computing in the data integration cloud. The highlight of the spring version is the introduction of serverless computing. The new version also adds more services that help machine learning and the use of graphical computing to help organizations create a single view of customer master data.

Impact of Covid-19 on Cognitive Data Management Market

During the COVID-19 pandemic, the vertical sector of the health care industry was under enormous pressure to improve and supply PPE, prophylactics, ventilators and antiviral drugs worldwide. Healthcare enterprises are extensively implementing several novel technologies like AI, data analytics and machine learning to analyse the data and reduce the effects of the coronavirus. This is acting as a positive influencing factor for the cognitive data management market.

Market growth and trends:

  • The rapid adoption of Big Data and cloud computing has made cognitive data management more accessible and provides reliable results to various end industries in general, including the IT and telecommunications sector, which should better adoption of these solutions during the forecast period.
  • With automatic natural language processing (NLP) systems, data mining and other characters in machine learning technologies, which are applied to discover essential information from unstructured data, the IT and telecommunications are expected to create increased demand for these solutions.
  • Furthermore, the volume of big data in data warehouses is changing rapidly, and its complexity leads to the selection of cognitive services. It provides the company with accurate information to refine and stimulate business decision making. According to Cisco Systems Inc., this volume touched 124 exabytes in 2018 and is expected to generate 403 exabytes by 2021.
  • Machine assets create large amounts of data with potential for exceptional business value. Companies are also leveraging cognitive machine learning to perform predictive maintenance to extract that value from a data lake.
  • Several IT and telecom companies are adopting cognitive services to develop customer engagement, gain a competitive advantage, and streamline operations over others. For example, at the end of 2018, Du, a telecommunications company in the UAE, collaborated with Mircosoft for cognitive services on all of their contemporary touch points and digital channels.

Market Drivers and Restraints:

The main drivers of growth in the global cognitive data management market include the adoption of the latest technological advances and the growing demand for cloud-based applications. Also, the use of cognitive data management in various vertical industry sectors will stimulate growth in the global market in the near future. Advances in industrial IT infrastructure worldwide have led to the growth of the market for cognitive data management worldwide. At the same time, the growing growth of IoT devices is reflected in the growth of digital data along with the growing adoption of cognitive data management solutions. These factors are expected to drive growth in the global cognitive data management market in the coming years.

However, the integration of new technologies into traditional infrastructure has become a serious challenge for the market players. The high cost of implementing cognitive data management solutions creates barriers for providers of these solutions. In addition, the problem of interoperability, the integration of new technologies in existing infrastructures are some of the main challenges for providers of cognitive data management solutions.

Market Segmentation:

Global Cognitive Data Management Market - By Component

  • Solutions
  • Services

Global Cognitive Data Management Market - By Organization Size

  • Large companies
  • Small and medium-sized companies

Global Cognitive Data Management Market - By Deployment Type

  • Cloud
  • On site

Global Cognitive Data Management Market - By Vertical

  • BFSI
  • Health
  • IT and telecommunications
  • Government
  • Manufacturing
  • Others

Of these, the IT and telecommunications segment accounted for the leading portion and also anticipated to expand with a rapid share in the foreseen years.

Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

North America is foreseen to account for the most substantial portion in the global cognitive data management market in future. Various determinants envisaged to strengthen market growth in the region. These factors include increased investment in multi-stakeholder cognitive technologies, greater advances in infrastructure, greater adoption and government support for artificial intelligence (AI), greater transformation of digital budgets and growing IT.

Key players in the market:

Some of the major players in the 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 providers of cognitive data management solutions.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cognitive Data Management Market, By Component                             

                                6.1.1 Solutions  

                                6.1.2 Services    

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Cognitive Data Management Market, By Deployment Type                 

                                6.2.1 Cloud         

                                6.2.2 On-Site     

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Cognitive Data Management Market, By Organization Size                   

                                6.3.1 SMEs         

                                6.3.2 Large         

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Cognitive Data Management Market, By Vertical                      

                                6.4.1 BFSI            

                                6.4.2 Health       

                                6.4.3 IT and telecommunications              

                                6.4.4 Government          

                                6.4.5 Manufacturing      

                                6.4.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.7 Y-o-Y Growth Rate Analysis             

                                6.4.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Deployment Type          

                                7.2.4 By Organization Size            

                                7.2.5 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Deployment Type          

                                7.3.4 By Organization Size            

                                7.3.5 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Deployment Type          

                                7.4.4 By Organization Size            

                                7.4.5 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Deployment Type          

                                7.5.4 By Organization Size            

                                7.5.5 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Deployment Type          

                                7.6.4 By Organization Size            

                                7.6.5 By Vertical               

8. Key Player Analysis                                    

                8.1 Attivio                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 CognitiveScale                           

                8.3 Cognizant                    

                8.4 Cognizant                    

                8.5 HPE                

                8.6 IBM Corp                     

                8.7 Informatica                 

                8.8 Infosys                         

                8.9 Microsoft                    

                8.10 Oracle                         

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Component, Deployment Type, Enterprise Size, Vertical along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cognitive Data Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cognitive Data Management Market By Component, From 2020-2025 ( USD Billion )
  3. Global Solutions Market By Region, From 2020-2025 ( USD Billion )
  4. Global Services Market By Region, From 2020-2025 ( USD Billion )
  5. Global Cognitive Data Management Market By Deployment Type, From 2020-2025 ( USD Billion )
  6. Global Cloud Market By Region, From 2020-2025 ( USD Billion )
  7. Global On-Site Market By Region, From 2020-2025 ( USD Billion )
  8. Global Cognitive Data Management Market By Organization Size, From 2020-2025 ( USD Billion )
  9. Global SMEs Market By Region, From 2020-2025 ( USD Billion )
  10. Global Large Market By Region, From 2020-2025 ( USD Billion )
  11. Global Cognitive Data Management Market By Vertical, From 2020-2025 ( USD Billion )
  12. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  13. Global Health Market By Region, From 2020-2025 ( USD Billion )
  14. Global IT and telecommunications Market By Region, From 2020-2025 ( USD Billion )
  15. Global Government Market By Region, From 2020-2025 ( USD Billion )
  16. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )

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