Cognitive Operations Market Share 2021 Growth Challenges, Opportunities and Future Trends 2027

The global cognitive operations market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor for the growth of the market is the increasing adoption of cloud-based cognitive IT operations solutions across various verticals. Additionally, the growing complexities in IT environments are also driving the growth of the market. Moreover, with technological advancements and digitalization, IT operations are becoming crucial and complex across all industries. There is a need for the effective management of these operations to gain a competitive advantage. Hence, many businesses are primarily focusing on enhancing system performance that can be achieved by analyzing the performance and activity of the server, infrastructure as well as IT applications. This, in, turn, is growing the demand for the adoption of cognitive operations solutions.

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Some major players in the market include VMware, Inc., Splunk Inc., and IBM Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2020, Aera launched a cognitive ‘business brain’ operating system. This system derives insights into business operations and make recommendations for action. It also digitizes, automates and augments decision processes.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Component

· By Deployment Mode

· By Application

· By Enterprise Size

· By Vertical

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape-VMware, Inc., Splunk Inc., and IBM Corp., among others.

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Global Cognitive Operations Market Report by Segment

By Component

• Solutions

• Services

By Deployment Mode

• Cloud

• On-premises

By Application

• IT Operations Analytics

• Application Performance Management

• Infrastructure Management

• Network Analytics

• Security analytics

• Others

By Enterprise Size

• Large Enterprises

• SMEs

By Vertical

• BFSI

• Healthcare and Life Sciences

• IT and telecom

• Retail and eCommerce

• Manufacturing

• Government

• Media and Entertainment

• Others

Global Cognitive Operations Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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