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
[152 Pages Report] The global cognitive data management market valued at USD 466.8 million in 2017, and expected to reach USD 1,473.9 million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The base year considered for the study is 2017 and the forecast period is 20182023.
The cognitive data management market report aims at estimating the market size and potential of the market across different segments, such as components, business functions, deployment types, organization size, verticals, and regions. The primary objectives of the report are to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the markets growth, analyze the market opportunities for stakeholders, and offer details of the competitive landscape to the market leaders.
The research methodology used to estimate and forecast the cognitive data management market began with capturing data about the revenues of key vendors through secondary sources, such as annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. This research study involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Other than these sources, analysis, and releases from industry trade associations, such as government regulatory bodies, considered during the research process. Vendor offerings also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of the key market players. After arriving at the overall market size, the market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primary participants depicted in the figure below:
To know about the assumptions considered for the study, download the pdf brochure
Key Target Audience for Cognitive Data Management Market
- Artificial Intelligence (AI), Cognitive, and Analytics Solutions and Services Providers
- Value-added Resellers
- Managed Service Providers (MSPs)
- Cloud Service Providers
- System Integrators
- IT Directors/Consultants
- Small and Medium-sized Enterprises (SMEs)
- Data Management Suite Vendors
- System Integrators
- Government
- Regulatory and Compliance Agencies
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
20182023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value (USD Million) |
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Segments covered |
Component, Deployment Type, Enterprise Size, Business Function, and Region |
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Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
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Companies covered |
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) |
This research report categorizes the market based on component, deployment type, enterprise size, business function, and region.
By Component
- Solutions
- Data Integration and Migration
- Data Governance and Quality
- Others (data prep, data security, and event stream processing)
- Services
- Consulting
- Integration
- Support and Maintenance
By Business Function
- Operations
- Sales and Marketing
- Finance
- Legal
- Human Resource
By Deployment Type
- Cloud
- On-premises
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Manufacturing
- Healthcare and Pharmaceuticals
- Government and Legal Services
- Telecom, IT, and Media
- Others (retail, utilities, automotive, and aerospace and defense)
By Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific requirements. The following customization options are available for the report:
Product Analysis
- Product matrix provides detailed product information and comparisons
Geographic Analysis
- Further breakdown of the North American cognitive data management market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Company Information
- Detailed analysis and profiling of the additional market players
MarketsandMarkets forecasts the cognitive data management market 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 major factors expected to drive the market growth are the rising use of IoT-based devices, thereby resulting in the upshifting the amount of digital data, and growing adoption of the cognitive computing technology and advanced analytics.
The objective of this report is to define, describe, and forecast the cognitive data management market size on the basis of components, deployment types, organization size, business functions, verticals, and regions. Among solutions, the data integration and migration segment expected to have the largest market share during the forecast period, as the amount of unstructured data is increasing across various sources, which requires an augmented data management tool to organize it.
Among verticals, the Banking, Financial Services, and Insurance (BFSI) vertical expected to hold the largest market share, since enterprises tend to generate large volumes of data and require highly best solutions to manage it. The manufacturing vertical expected to grow at the highest CAGR, as industries are transforming toward smart automation, resulting in the generation of voluminous digital data. This factor expected to have increased the adoption of data management tools among manufacturers.
Under business functions, the operations segment expected to hold the largest market share and maintain dominance during the forecast period. This share can be attributed to large volumes of data generated through business operations across verticals, especially manufacturing, BFSI, and healthcare.
In regions, North America expected to hold the largest market share in the cognitive data management market. 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, increasing adoption and government support toward Artificial Intelligence (AI), rising advancements in infrastructure, growing digital transformation, and increasing IT budgets.
The growing deployment of data management tools and technologies to increase data access and governance and increasing adoption of the cloud technology expected to provide opportunities for vendors in future. However, managing data quality and safety, and the lack of skilled workforce are some of the major challenges restricting the market growth.
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Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Market Opportunities in the Cognitive Data Management Market
4.2 Market Share of Top 4 Verticals and Regions, 2018
4.3 Market Investment Scenario
5 Market Dynamics (Page No. - 34)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rise in IoT Based Devices Upshifting the Amount of Digital Data
5.1.1.2 Rise in Adoption of Cognitive Computing Technology and Advanced Analytics
5.1.1.3 Increasing Volume of Complex Data
5.1.1.4 Streamlining Business Operations
5.1.2 Restraints
5.1.2.1 Prevailing Data Security Apprehensions
5.1.2.1 Complex Analytical Process
5.1.3 Opportunities
5.1.3.1 Deploying Specific Tools and Technologies to Increase Data Access and Data Convergence
5.1.3.2 Increasing Adoption of Cloud Technology
5.1.3.3 Higher Adoption By SMEs
5.1.4 Challenges
5.1.4.1 Lack of Skilled Workforce
5.1.4.2 Managing Data Quality and Safety
6 Cognitive Data Management Market, By Component (Page No. - 39)
6.1 Introduction
6.2 Solutions
6.2.1 Data Integration & Migration
6.2.2 Data Governance & Quality
6.2.3 Others
6.3 Services
6.3.1 Consulting Services
6.3.2 Integration Services
6.3.3 Support & Maintenance Services
7 Market, By Business Function (Page No. - 47)
7.1 Introduction
7.2 Operations
7.3 Sales & Marketing
7.4 Finance
7.5 Legal
7.6 Human Resource
8 Market, By Deployment Type (Page No. - 50)
8.1 Introduction
8.2 On-Premises
8.3 Cloud
9 Market, By Organization Size (Page No. - 53)
9.1 Introduction
9.2 Large Enterprises
9.3 Small & Medium-Sized Enterprises
10 Cognitive Data Management Market, By Vertical (Page No. - 56)
10.1 Introduction
10.1.1 Banking, Financial Services, and Insurance (BFSI)
10.1.1.1 Use Case
10.1.1.2 Data Source
10.1.2 Healthcare & Pharmaceuticals
10.1.2.1 Use Case
10.1.2.2 Data Source
10.1.3 Manufacturing
10.1.3.1 Use Case
10.1.3.2 Data Source
10.1.4 Telecom, IT, and Media
10.1.4.1 Use Case
10.1.4.2 Data Source
10.1.5 Government & Legal Services
10.1.5.1 Use Case
10.1.5.2 Data Source
10.1.6 Others
10.1.6.1 Use Case
10.1.6.2 Data Source
11 Regional Analysis (Page No. - 65)
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Latin America
11.6 Middle East & Africa
12 Competitive Landscape (Page No. - 89)
12.1 Overview
12.2 Key Players Operating in the Cognitive Data Management Market
12.3 Competitive Scenario
12.3.1 Partnerships, Agreements, and Collaborations
12.3.2 New Product/Service Launches and Product Enhancements
12.3.3 Mergers and Acquisitions
12.3.4 Business Expansions
13 Company Profiles (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Introduction
13.2 IBM
13.3 Salesforce
13.4 SAP
13.5 Informatica
13.6 SAS
13.7 Cognizant
13.8 Microsoft
13.9 Infosys
13.10 HPE
13.11 Oracle
13.12 Veritas
13.13 Wipro
13.14 Datum
13.15 Reltio
13.16 Talend
13.17 Saksoft
13.18 Snaplogic
13.19 Immuta
13.20 Attivio
13.21 SparkCognition
13.22 Expert System
13.23 Strongbox Data Solutions
13.24 Cogntivescale
13.25 Pingar
13.26 Kingland Systems
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 145)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (64 Tables)
Table 1 Cognitive Data Management Market Size, By Component, 20162023 (USD Million)
Table 2 Solutions: Market Size By Type, 20162023 (USD Million)
Table 3 Data Integration & Migration: Market Size By Region, 20162023 (USD Million)
Table 4 Data Governance & Quality: Market Size By Region, 20162023 (USD Million)
Table 5 Others: Market Size By Region, 20162023 (USD Million)
Table 6 Services: Market Size By Type, 20162023 (USD Million)
Table 7 Consulting Services: Market Size By Region, 20162023 (USD Million)
Table 8 Integration Services: Market Size By Region, 20162023 (USD Million)
Table 9 Support & Maintenance Services: Market Size By Region, 20162023 (USD Million)
Table 10 Cognitive Data Management Market Size, By Business Function, 20162023 (USD Million)
Table 11 Market Size By Deployment Type, 20162023 (USD Million)
Table 12 Market Size By Organization Size, 20162023 (USD Million)
Table 13 Market Size By Vertical, 20162023 (USD Million)
Table 14 BFSI: Market Size By Region, 20162023 (USD Million)
Table 15 Healthcare & Pharmaceuticals: Market Size By Region, 20162023 (USD Million)
Table 16 Manufacturing: Market Size By Region, 20162023 (USD Million)
Table 17 Telecom, IT, and Media: Market Size By Region, 20162023 (USD Million)
Table 18 Government & Law Services: Market Size By Region, 20162023 (USD Million)
Table 19 Others: Market Size By Region, 20162023 (USD Million)
Table 20 Cognitive Data Management Market Size, By Region, 20162023 (USD Million)
Table 21 North America: Market Size By Component, 20162023 (USD Million)
Table 22 North America: Market for Solutions, By Type, 20162023 (USD Million)
Table 23 North America: Market for Services, By Type, 20162023 (USD Million)
Table 24 North America: Market Size By Business Function, 20162023 (USD Million)
Table 25 North America: Market Size By Organization Size, 20162023 (USD Million)
Table 26 North America: Market Size By Deployment Type, 20162023 (USD Million)
Table 27 North America: Market Size By Vertical, 20162023 (USD Million)
Table 28 North America: Market Size By Country, 20162023 (USD Million)
Table 29 Europe: Market Size, By Component, 20162023 (USD Million)
Table 30 Europe: Market Size for Solutions, By Type, 20162023 (USD Million)
Table 31 Europe: Market Size for Services, By Type, 20162023 (USD Million)
Table 32 Europe: Market Size By Business Function, 20162023 (USD Million)
Table 33 Europe: Market Size By Organization Size, 20162023 (USD Million)
Table 34 Europe: Market Size By Deployment Type, 20162023 (USD Million)
Table 35 Europe: Market Size By Vertical, 20162023 (USD Million)
Table 36 Europe: Market Size By Country, 20162023 (USD Million)
Table 37 Asia Pacific: Cognitive Data Management Market Size, By Component, 20162023 (USD Million)
Table 38 Asia Pacific: Market Size for Solutions, By Type, 20162023 (USD Million)
Table 39 Asia Pacific: Market Size for Services, By Type, 20162023 (USD Million)
Table 40 Asia Pacific: Market Size By Business Function, 20162023 (USD Million)
Table 41 Asia Pacific: Market Size By Organization Size, 20162023 (USD Million)
Table 42 Asia Pacific: Market Size By Deployment Type, 20162023 (USD Million)
Table 43 Asia Pacific: Market Size By Vertical, 20162023 (USD Million)
Table 44 Asia Pacific: Market Size By Country, 20162023 (USD Million)
Table 45 Latin America: Market Size, By Component, 20162023 (USD Million)
Table 46 Latin America: Market Size for Solutions, By Type, 20162023 (USD Million)
Table 47 Latin America: Market for Services, By Type, 20162023 (USD Million)
Table 48 Latin America: Market Size By Business Function, 20162023 (USD Million)
Table 49 Latin America: Market Size By Organization Size, 20162023 (USD Million)
Table 50 Latin America: Market Size By Deployment Type, 20162023 (USD Million)
Table 51 Latin America: Market Size By Vertical, 20162023 (USD Million)
Table 52 Latin America: Market Size By Country, 20162023 (USD Million)
Table 53 Middle East & Africa: Cognitive Data Management Market Size, By Component, 20162023 (USD Million)
Table 54 Middle East & Africa: Market for Solutions, By Type, 20162023 (USD Million)
Table 55 Middle East & Africa: Market for Services, By Type, 20162023 (USD Million)
Table 56 Middle East & Africa: Market Size By Business Function, 20162023 (USD Million)
Table 57 Middle East & Africa: Market Size By Organization Size, 20162023 (USD Million)
Table 58 Middle East & Africa: Market Size By Deployment Type, 20162023 (USD Million)
Table 59 Middle East & Africa: Market Size By Vertical, 20162023 (USD Million)
Table 60 Middle East & Africa: Market Size By Country, 20162023 (USD Million)
Table 61 Partnerships, Agreements, and Collaborations, 2018
Table 62 New Product/Service Launches and Product Enhancements, 2018
Table 63 Mergers and Acquisitions, 20162018
Table 64 Business Expansions, 20172018
List of Figures (47 Figures)
Figure 1 Cognitive Data Management Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions
Figure 8 Top 3 Segments of the Market in 2018
Figure 9 Market Share By Component, 2018
Figure 10 Market Share By Business Function, 2018
Figure 11 Market Share By Service, 2018
Figure 12 Market: Regional Snapshot
Figure 13 Rise in Adoption of Cognitive Computing Technology and Advanced Technologies Expected to Drive the Cognitive Data Management Market Growth During the Forecast Period
Figure 14 BFSI Vertical and North America Estimated to Have the Largest Market Shares in 2018
Figure 15 Europe Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 16 Market Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment Expected to Grow at A Higher CAGR During the Forecast Period as Compared to the Solutions Segment
Figure 18 Integration Services Subsegment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Sales & Marketing Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Cloud Deployment Type Segment Expected to Grow at A Higher CAGR During the Forecast Period as Compared to the On-Premises Segment
Figure 21 SMEs Segment Expected to Grow at A Higher CAGR During the Forecast Period as Compared to the Large Enterprises Segment
Figure 22 Manufacturing Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America Expected to Be the Largest Market for Cognitive Data Management During the Forecast Period
Figure 24 Europe Expected to Grow at the Highest Rate During the Forecast Period
Figure 25 North America Market Snapshot
Figure 26 Europe Market Snapshot
Figure 27 Key Strategies Adopted By the Leading Players in the Market During 20162018
Figure 28 Market Evaluation Framework
Figure 29 Geographic Revenue Mix of Top Market Players
Figure 30 IBM: Company Snapshot
Figure 31 IBM: SWOT Analysis
Figure 32 Salesforce: Company Snapshot
Figure 33 Salesforce: SWOT Analysis
Figure 34 SAP: Company Snapshot
Figure 35 SAP: SWOT Analysis
Figure 36 Informatica: SWOT Analysis
Figure 37 SAS: Company Snapshot
Figure 38 SAS: SWOT Analysis
Figure 39 Cognizant: Company Snapshot
Figure 40 Microsoft: Company Snapshot
Figure 41 Infosys: Company Snapshot
Figure 42 HPE: Company Snapshot
Figure 43 Oracle: Company Snapshot
Figure 44 Wipro: Company Snapshot
Figure 45 Talend: Company Snapshot
Figure 46 SparkCognition: Company Snapshot
Figure 47 Expert Systems: Company Snapshot
Growth opportunities and latent adjacency in Cognitive Data Management Market