Cognitive Data Management Market will witness a rapid growth to 2024

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Cognitive Data Management Market predicted to
grow exponentially by 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Cognitive Data Management
Market

• North America is projected to dominate the
  cognitive data management market due to its
  advanced IT infrastructure and rapid adoption of
  technologies such as machine learning, AI, and
  big data analytics. The growth of the cloud
  computing technology and penetration of IoT
  platforms in the region are expected to generate
  massive volumes of complex data. This, in turn,
  increases the need for robust platforms that will
  handle data management tasks efficiently.
• Asia Pacific is projected to exhibit a faster
  adoption rate in the use of cognitive computing
  platforms. The market is driven by the growing
  digitalization and the increasing penetration of
  smartphones in this region. The global technology
  players are also investing in advanced
  technologies to foster their business growth. For
  instance, in July 2017, Amway released e-commerce
  and artificial intelligence platforms in the
  Philippines to achieve 15 of its sales online.
  In this region, the enterprises are also adopting
  AI to reinvent their business models and are
  actively participating in the AI consortiums to
  boost their knowledge.

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• Application Analysis of Cognitive Data Management
  Market
• Cognitive data management refers to the use of
  cognitive computing to automate the manual
  activities in data management. This helps in
  reducing the administrative burden imposed by the
  data management and minimize errors. Earlier,
  data management practitioners used manual
  processes to analyze the data. However, due to
  advancements in the technology and the
  development of intelligent algorithms advanced
  tools, the data governance management has
  become much easier. This is encouraging the
  demand for cognitive computing solutions among
  data-intensive industries such as retail,
  banking, manufacturing, and healthcare.

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Competitive Market Share of Cognitive Data
Management Market

• The market is analyzed to be highly fragmented
  due to the presence of both multinational and
  regional players. The key players in the
  cognitive data management market are Attivio,
  CognitiveScale, Cognizant, DATUM, Expert System,
  HPE, IBM, Immuta, Informatica, Infosys, Kingsland
  Systems, Microsoft, Oracle, Pingar, Reltio,
  Saksoft, Salesforce, SAP, SAS, SnapLogic,
  SparkCognition, StrongBox Data Solutions, Talend,
  Veritas, and Wipro. These players are deploying
  cognitive technologies to have a better control
  over their data management platforms. For
  instance, in June 2017, IBM introduced new data
  governance solutions tools, data science, and
  machine learning advances and formed the Open
  Data Governance Consortium for Apache Atlas to
  make advancements in the Open Framework for data
  governance. These initiatives helped developers
  and analysts to gain an understanding of their
  data and have improved their ability to comply
  with data regulations. Also, in November 2016,
  IBM in collaboration with General Motors
  introduced a cognitive mobility platform, OnStar
  Go. This platform gave millions of GM drivers the
  ability to connect and interact with their
  favorite platforms.

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