Cognitive Data Management Market Insights by Top Companies and Latest Trends | Future Growth | Revenue Forecast| Demand Forecast to 2023

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global cognitive data management market size is expected to grow from USD 569.9 million in 2018 to USD 1,473.9 million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The rising use of IoT-based devices, resulting in upshifting the amount of digital data, growing adoption of the cognitive computing technology and advanced analytics, increasing volume of complex data, and growing demand for streamlining business operations are some of the factors expected to drive the cognitive data management market. However, prevailing data security apprehensions and complex analytical processes may restrain the growth of the market.

Among deployment types, the cloud deployment type is expected to have the larger market share during the forecast period
The cloud deployment type is expected to have the larger market share by 2023. Cloud-based solutions have witnessed a huge demand, due to their wide range of functionalities, such as pay-per-use model, flexibility, ease in accessibility, faster setup time, multi-user support, and low installation and maintenance costs.

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The BFSI vertical is expected to hold the largest market share during the forecast period. BFSI companies possess a huge employee base that generates voluminous data, which needs to be managed for the effective functioning of business operations. Therefore, the use of social and sentiment analytical tools to gain more insightful information regarding users can be helpful for sales and marketing purposes, which in turn, is expected to increase the adoption of cognitive data management solutions.

In regions, Europe is expected to grow at the highest CAGR during the forecast period
In terms of growth rate, Europe is expected to grow at the highest CAGR during the forecast period. The increasing inconsistent data generated across organizations in different countries is expected to have led to the rising adoption of cognitive data management solutions in this region. Countries such as the UK, Germany, and France are considered in this regional market analysis. New technologies and business models are being rapidly introduced in the European market, due to dynamic business needs. Constant innovation and heavy investments in R&D from the European companies are expected to increase the demand for cognitive data management solutions.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Cognitive Data Management Market Insights by Top Companies and Latest Trends | Future Growth | Revenue Forecast| Demand Forecast to 2023

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the cognitive data management market.The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%
• By Designation: C-Level – 45%, Director Level – 51%, and Others – 4%
• By Region: North America – 39%, Europe – 25%, APAC – 30%, and RoW – 6%

Research Coverage
The cognitive data management market has been segmented based on components, business functions, deployment types, organization size, verticals, and regions. A detailed analysis of the key industry players has been done to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; expansions; and competitive landscape associated with the global cognitive data management market.

The report would help the market leaders/new entrants in the following ways:
• It comprehensively segments the cognitive data management market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 17
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 RESEARCH ASSUMPTIONS 26
2.4 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE COGNITIVE DATA MANAGEMENT MARKET 31
4.2 COGNITIVE DATA MANAGEMENT MARKET: MARKET SHARE OF TOP 4 VERTICALS AND REGIONS, 2018 32
4.3 MARKET INVESTMENT SCENARIO 33

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Christophe Rude
Christophe Rude
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