According to research report "Cognitive Data Management Market by Component (Solutions (Data Integration & Migration, Data Governance & Quality) Services), Deployment Type, Enterprise Size, Business Function, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, 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.
Browse 64 market data Tables and 47 Figures spread through 152 Pages and in-depth TOC on "Cognitive Data Management Market - Global Forecast to 2023"
Early buyers will receive 10% customization on reports.
Data governance and quality segment expected to grow at the highest CAGR during the forecast period
The data governance and quality segment expected to grow at the highest CAGR during the forecast period. This growth rate is due to the rising number of compliances about the enterprise data. Furthermore, the cohesiveness between different business entities improves the overall efficiency and effectiveness of organizations.
Manufacturing vertical expected to grow rapidly during the forecast period
The manufacturing vertical expected to grow at the highest CAGR during the forecast period, as industries are transforming toward smart automation, resulting in the generation of a large amount of digital data. This factor expected to have increased the adoption of data management tools among manufacturers. The variety and volume of data would increase, due to the evolution of digital and smart technologies across the manufacturing vertical.
North America expected to have the largest market size during the forecast period
North America expected to hold the largest market share in the market. There are various factors expected to contribute to the growth of the market across the region. These factors include the growing investments in cognitive technologies by various players and government support toward the adoption of Artificial Intelligence (AI), increasing advancements in infrastructure, rising digital transformation, and increasing IT budgets.
The rising use of IoT based devices, resulting in upshifting the amount of digital data, followed by growing adoption of the cognitive computing technology and advanced analytics expected to drive the growth of the cognitive data management market. The key players in the cognitive data management market include Attivio (US), CognitiveScale (US), Cognizant (US), DATUM (US), Expert System (Italy), HPE (US), IBM (US), Immuta (US), Informatica (US), Infosys (India), Kingland Systems (US), Microsoft (US), Oracle (US), Pingar (New Zealand), Reltio (US), Saksoft (India), Salesforce (US), SAP (Germany), SAS (US), SnapLogic (US), SparkCognition (US), StrongBox Data Solutions (Canada), Talend (US), Veritas (US), and Wipro (India).Don’t miss business opportunities in Cognitive Data Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE