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Cognitive Operations Market Worth $21.67 Billion by 2023
[August 09, 2018]

Cognitive Operations Market Worth $21.67 Billion by 2023


PUNE, India, August 9, 2018 /PRNewswire/ --

According to a new market research report "Cognitive Operations Market by Component (Solutions and Services), Application (ITOA, APM, Infrastructure Management, Network Analytics, and Security Analytics), Deployment Mode, Enterprise Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market size is expected to grow from USD 7.27 billion in 2018 to USD 21.67 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period.

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Browse 70 market data Tables and 43 Figures spread through 158 Pages and in-depth TOC on "Cognitive Operations Market"

https://www.marketsandmarkets.com/Market-Reports/cognitive-operations-market-47225817.html

Early buyers will receive 10% customization on this report 

Major growth factors for the Cognitive Operations Market include a growing need to monitor the complex IT environment, and an increasing focus on the adoption of cloud-based cognitive IT operations solutions. A growing need to deliver an enhanced customer experience and an increasing need to analyze growing IT operations data will provide significant growth opportunities for vendors in the market.

Deployment and integration services segment to be a larger contributor to the Cognitive Operations Market during the forecast period 

Deployment and integration services are an essential aspect of executing cognitive operation solutions, as they help companies implement new versions of cognitive operations software tools as well as integrate those tools with the traditional IT operations ecosystem. Deployment and integration services integrate the software with the analytics side, to enable data retrieval and generate the desired results throgh computation.



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IT operations analytics (ITOA) application to hold the largest market size during the forecast period 


ITOA applications powered with cognitive operations solutions help enterprises to analyze their IT operational logs and get the real-time behavior of an organization's business. Moreover, ITOA application can collect, store, index, search, correlate, visualize, analyze, and report the machine generated data and reduce the Mean-Time-To-Repair (MTTR) by providing better and faster results. IT operation analytics also assists in unlocking trends that can help organizations connect performance issues and infrastructure changes to incident tickets.

North America to hold the largest market size during the forecast period 

North America is the major revenue generating region in the global Cognitive Operations Market. The region has witnessed the maximum adoption of cognitive operations solutions, due to the increasing complexities in IT environment across all the major industry verticals. Enterprises in the US and Canada are expected to significantly adopt cognitive operations solutions. Hence, North America is expected to hold for the largest market size in the global Cognitive Operations Market during the forecast period.

Major vendors in the global Cognitive Operations Market include IBM (US), Splunk (US), CA Technologies (US), Micro Focus (UK), VMware (US), HCL Technologies (India), AppDynamics (US), BMC Software (US), New Relic (US), Appnomic  (India), CloudFabrix (US), Loom Systems (US), Dynatrace (US), Zenoss (US), Ymor (US), Devo (US), Logz.io (US),  ServiceNow (US), Corvil (Ireland), Interlink Software Services (UK), Correlata (Israel), ScienceLogic (US), Sumo Logic (US), RISC Networks (US), and Bay Dynamics (US).

About MarketsandMarkets™  

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, "Knowledge Store" 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.

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Mr. Shelly Singh
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Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/cognitive-operations-market.asp

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SOURCE MarketsandMarkets


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