Press release
Cognitive Data Management Market Estimated to Perceive Exponential Growth by 2027 | IBM, Salesforce.com, SAP SE, Informatica, Microsoft, Cognizant, HPE, Oracle, Attivio, CognitiveScale
Cognitive data management facilitates to automate the manual activities in data management by the utilizing cognitive computing. This type of data management supports to reduce the administrative burden imposed by data management and thereby minimize errors. Owing to the technological advancements and the development of advanced tools and intelligent algorithms the data governance & management has become much easier, which is further boosting the demand for cognitive computing solutions among data-intensive industries that comprise banking, retail, manufacturing, and healthcare.
The factors such as the advancements in industrial IT infrastructure and widespread adoption of IoT-based devices among the enterprises are boosting them to adopt advanced data analytics & management solutions to process their data and extract actionable insights, which in turn are propelling the growth of the cognitive data management market. Moreover, the rising adoption of cloud technology and higher acceptance by SMEs are further expected to offer significant opportunities for the cognitive data management market to grow. However, the high deployment cost and integration of newer technologies within existing infrastructure are the major challenges that are anticipated to hamper the growth of the cognitive data management market.
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The reports cover key developments in the Cognitive Data Management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Cognitive Data Management market are anticipated to lucrative growth opportunities in the future with the rising demand for Cognitive Data Management market in the global market.
Key Players Influencing the Market
• IBM Corp.
• Salesforce.com
• SAP SE
• Informatica
• Microsoft Corporation
• Cognizant
• HPE
• Oracle Corporation
• Attivio
• CognitiveScale Inc.
The “Global Cognitive Data Management Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Cognitive Data Management market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Cognitive Data Management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Cognitive Data Management market players and offers key trends and opportunities in the market.
Besides this, the report analyzes factors affecting Cognitive Data Management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Cognitive Data Management Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Cognitive Data Management market based on the type and application. It also provides market size and forecast till 2027 for overall Cognitive Data Management market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Cognitive Data Management Market.
• Key market trends cracking up the growth of the Cognitive Data Management Market.
• Challenges to market growth.
• Key vendors of Cognitive Data Management Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Cognitive Data Management Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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