Cognitive Data Management Market: Summary

The Global Cognitive Data Management Market is estimated to reach USD 2.1 Billion by 2027 at a CAGR of 19.7%, predicts forencis research (FSR).

Data management is a process to manage data as a valuable resource and it is the primary task in the IT sector. The cognitive data management contains the technological platform that is used in cognitive computing which is composed of machine learning, natural language processing, and speech recognition. Moreover, it is used to reduce the workload and to manage data. Also, it is used in the field of education and IT sector.

Cognitive Data Management Market: Drivers & Challenges

Market Drivers:

• Increasing Demand for IoT Technology

The increasing growth for IoT technology is excepted to improve performance and reduce the workload of the organizations.  In addition, it increases the amount of digital data and innovative analytics, and improves the data security. It also reduces administrative workloads and errors. Furthermore, it helps in resolving the issues of the organizations by optimizing the data, data protection, preservation, and privacy.

Hence, increasing demand for IoT technology is expected to surge the cognitive data management market during the forecast period.

• Growing Demand for Cognitive Computing

Growing demand for cognitive computing results in both structured and unstructured data management. It is also used to provide the most efficient and effective information from the stored data. However, it involves the real-time analysis of the data, which gives the ability to solve the problems. Also, it is used for managing the data operations across all the industries.

This trend is expected to continue in the forecast period, which is anticipated to drive the cognitive data management market during the forecast period.

Market Challenges:

• Complexity and Privacy Issues

Some of the organizations are still finding it difficult to adopt the cognitive data management solutions due to data security issues. Furthermore, risks associated with the implementation of the cognitive systems hinder the market growth

Cognitive Data Management Market: Key Segments

• Based on Deployment Mode: Cloud and On-premise.
• Based on Component: Solution and
• Based on Business Usage: Human Resource, Legal, Finance, and
• Based on End-User: BFSI, Manufacturing, IT & Telecom, Travel, Media and Entertainment, Government & Legal Services and
• Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

Cognitive Data Management Market: Report Scope

The report on the cognitive data management market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

• IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Salesforce.com, Inc.
• SAP SE
• Informatica
• Cognizant
• SAS Institute Inc.
• Microsoft Corporation
• Oracle Corporation
• Infosys Limited
• Hewlett Packard Enterprise Co
• Other Key Companies 

Cognitive Data Management Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Cognitive Data Management Market, By Deployment Mode

• Cloud
• On-premise

Cognitive Data Management Market, By Component

• Solution
  • Data Integration
  • Data Readiness and Quality
  • Data Management Efficiency
• Services
  • Support & Maintenance Services
  • Consultancy

Cognitive Data Management Market, By Business Usage

• Human Resource
• Legal
• Finance
• Marketing

Cognitive Data Management Market, By End-User

• BFSI
• Manufacturing
• IT & Telecom
• Travel
• Media and Entertainment
• Government & Legal Services
• Others

Cognitive Data Management Market, By Region

• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

• South America
  • Brazil
  • Argentina
  • Rest of South America

Key Questions answered by the report

• What are the major developments impacting the global market and its advancement?
• What will be the result of the developments in the global market in the industry and on the market players in the near and far future?
• What are the types of global markets?
• What are the growing applications of the global market?
• What are the major characteristics that will influence the global market growth over the study period?
• Who is the key global player driver in the market?
• How are the major players leveraging in the actual global market conditions?

Report Audience

• Cognitive Data Management Market Providers
• Cognitive Data Management Market Solution and Services Suppliers, Distributors and Dealers
• End-Users of Varied Segments of Cognitive Data Management Market
• Government Bodies and Intellectual Institutions
• Associations and Industrial Organizations
• Research & Consulting Service Providers
• Research & Development Organizations
• Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE COGNITIVE DATA MANAGEMENT MARKET STUDY