The global cognitive operations market was at $11.4 billion in 2020 and is projected to grow to $29.70 billion by 2025, at a compound annual growth rate (CAGR) of 24.4% over the course of the calculated period (2020-2025).
Cognitive operations allow organizations to automatically create predictive models by analyzing data collected from various IT tools and devices, thereby optimizing IT operations, automating repetitive and manual tasks and proactively responding to problems on real time. Cognitive operations use artificial intelligence to obtain information about potential problems through cognitive solutions in much less time.
Security analysis applications are expected to experience the fastest growth rate over the forecast period. Security analysis applications allow organizations to identify emerging security threats using evidence-based information. The demand for these applications will increase among companies to respond quickly to emerging threats.
Recent Developments:
Market Growth and Trends:
Market Drivers and Restraints:
Growing need to monitor a complex IT environment
Increased focus on adoption of cloud-based cognitive IT operations solutions
Lack of skills and experience
Market segmentation:
The global cognitive operations market is segmented by components, applications, company size, type of deployment, and industry vertical.
Regional Analysis:
The Asia-Pacific region is expected to experience the fastest growth in demand during the forecast period. Significant growth factors for the APAC market include the increasing complexity of the IT environment, the increasing adoption of cognitive operations solutions in the telecommunications, banking, financial services and insurance (BFSI) sector to streamline IT operations processes and increase delivery demand. A better customer experience is the main vertical sectors of the industry.
The telecommunications sector that has a prominent share in the cognitive operations market is expanding in the APAC area. For example, according to S&P Global, in 2019, the number of mobile subscriptions in China increased to 1.6 billion compared to 1.23 billion in India and 332.5 million in Indonesia.
The Asia-Pacific region is expected to be the fastest growing region for data governance, management and analysis, due to increased spending on technology in economies such as India, China, Singapore and Australia. The rising call for cost-effective governance and data management solutions within the small and medium-sized enterprises (SMEs) is promoting the development in the cognitive operations market in the locale.
Key players in the market:
The main providers in the global cognitive operations market are IBM (United States), Splunk (United States), CA Technologies (United States), Micro Focus (United Kingdom), VMware (United States), HCL Technologies (India), AppDynamics (United States), BMC Software (United States), New Relic (United States), Appnomic (India), CloudFabrix (United States), Loom Systems (United States), Dynatrace (United States), Zenoss (United States ), Ymor (United States), Devo (United States), Logz.io (United States), ServiceNow (United States), Corvil (Ireland), Interlink Software Services (United Kingdom), Correlata (Israel), ScienceLogic (United States ), Sumo Logic (United States), RISC Networks (United States) and Bay Dynamics (United States).
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 Operations 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 Operations Market, By Application
6.2.1 ITOA
6.2.2 APM
6.2.3 Infrastructure Management
6.2.4 Network Analytics
6.2.5 Security Analytics
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Cognitive Operations Market, By Deployment Type
6.3.1 Cloud-Based
6.3.2 Local
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 Operations Market, By Organization Size
6.4.1 SMEs
6.4.2 Large
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Cognitive Operations Market, By Vertical
6.5.1 BFSI
6.5.2 IT and Telecommunications
6.5.3 Health and Life Sciences
6.5.4 Media and Entertainment
6.5.5 Manufacturing
6.5.6 Government
6.5.7 Retail
6.5.8 Electronics
6.5.9 Market Size Estimations & Forecasts (2019-2024)
6.5.10 Y-o-Y Growth Rate Analysis
6.5.11 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 Application
7.2.4 By Deployment Type
7.2.5 By Organization Size
7.2.6 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 Application
7.3.4 By Deployment Type
7.3.5 By Organization Size
7.3.6 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 Application
7.4.4 By Deployment Type
7.4.5 By Organization Size
7.4.6 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 Application
7.5.4 By Deployment Type
7.5.5 By Organization Size
7.5.6 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 Application
7.6.4 By Deployment Type
7.6.5 By Organization Size
7.6.6 By Vertical
8. Key Player Analysis
8.1 IBM Corp
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 Splunk
8.3 CA Technologies
8.4 Micro Focus
8.5 VMWare
8.6 HCL Technologies
8.7 AppDynamics
8.8 BMC Software
8.9 ServiceNow
8.10 Dynatrace
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures