Cognitive Operations Market was around US$ 7.50 Bn in 2019 and is expected to grow at a CAGR of around XX % in the forecast period of 2019-2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The performance of composite cognitive activity refers to an operation that affects mental contents and are known as cognitive operations. The use of adaptive, cognitive solutions in real life helps IT Infrastructure as well as operation professionals to monitor and manage larger, and more complex environments with comparatively less effort.
The cognitive operations market is driven by the growing need for monitoring the complex IT environment, as well as the rise in focus on the adoption of cloud-based cognitive IT operations solutions. A reduced effort, improved reaction, proactive prevention and focusing on the actionable data to work on the ongoing strategy are certain key factors driving the cognitive operations market.
The cognitive operations market is segmented by component, organization size, deployment mode, vertical, and region. Based on organization size, the large enterprises segment is expected to hold a larger market share during the forecast period, whereas it is the SMEs that is expected to grow a high rate. Cognitive operations solutions help SMEs not only to get the real-time data but also in predicting future outcomes.
Based on verticals, the banking, financial services, and insurance are expected to hold the largest market share in the cognitive operations market. It is the IT and telecom vertical that is expected to grow at the highest CAGR of XX% during the forecast period. The IT and telecom vertical uses the latest cognitive operations solutions for getting critical insights when there are huge volumes of data generated from user networks. The usage of cognitive operations capabilities in the banking sector helps in analyzing large volumes of data to enhance customer experience further improving the cognitive operations market.
Region wise, North America held the largest market share of XX% in 2018 and it is expected to maintain its leading position in the market during the forecast period, due to the growing demand for cognitive operations solutions to optimize the IT operations processes. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period.
The objective of the report is to present a comprehensive analysis of Global Cognitive Operations Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Cognitive Operations Market dynamics, structure by analyzing the market segments and project the Global Cognitive Operations Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Cognitive Operations Market make the report investor’s guide.
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Cognitive Operations Market, By Component
Cognitive Operations Market, By Organization Size
• Large Enterprise
Cognitive Operations Market, By Deployment Mode
Cognitive Operations Market, By Application
• IT Operations Analytics
• Infrastructure Management
• Application Performance Management
• Security Analytics
• Network Analytics
Cognitive Operations Market, By Vertical
• Media and Entertainment
• Retail Consumer Goods and Consumer Goods
• ITES and Telecommunications
• Banking, Financial Services, and Insurance
Cognitive Operations Market, By Geography
• North America
• Middle East Africa
• Latin America
Key Players operating in the Cognitive Operations Market:
• HCL Technologies
• CA Technologies
• Micro Focus
• BMC Software
• New Relic
• RISC Networks
• Loom Systems
• Interlink Software
• Bay Dynamics
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