DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The "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" report has been added to ResearchAndMarkets.com's offering

The 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

The rising use of IoT-based devices, resulting in upshifting the amount of digital data, growing adoption of the cognitive computing technology and advanced analytics, increasing volume of complex data, and growing demand for streamlining business operations are some of the factors expected to drive the cognitive data management market. However, prevailing data security apprehensions and complex analytical processes may restrain the growth of the market.

The cloud deployment type is expected to have the larger market share by 2023. Cloud-based solutions have witnessed a huge demand, due to their wide range of functionalities, such as pay-per-use model, flexibility, ease in accessibility, faster setup time, multi-user support, and low installation and maintenance costs.

The BFSI vertical is expected to hold the largest market share during the forecast period. BFSI companies possess a huge employee base that generates voluminous data, which needs to be managed for the effective functioning of business operations. Therefore, the use of social and sentiment analytical tools to gain more insightful information regarding users can be helpful for sales and marketing purposes, which in turn, is expected to increase the adoption of cognitive data management solutions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Dynamics

6 Cognitive Data Management Market, By Component

7 Cognitive Data Management Market, By Business Function

8 Cognitive Data Management Market, By Deployment Type

9 Cognitive Data Management Market, By Organization Size

10 Cognitive Data Management Market, By Vertical

11 Regional Analysis

12 Competitive Landscape

13 Company Profiles

IBM Salesforce SAP Informatica SAS Cognizant Microsoft Infosys HPE Oracle Veritas Wipro Datum Reltio Talend Saksoft Snaplogic Immuta Attivio Sparkcognition Expert System Strongbox Data Solutions Cogntivescale Pingar Kingland Systems

For more information about this report visit https://www.researchandmarkets.com/research/vzf3zm/cognitive_data?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005374/en/

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SOURCE: Research and Markets

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PUB: 08/22/2018 08:49 AM/DISC: 08/22/2018 08:49 AM