Global Cognitive Operations Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Cognitive Operations uses artificial intelligence to perform mental operations. It includes interpretation, transformation, manipulation, storage, etc. Cognitive operations enable to maintenance, analysis, monitor large and complex data with ease. The Cognitive Operations market is expanding because of factors such as the rising adoption of cloud-based cognitive IT operations solutions and the growing demand for monitoring the computer IT Environment in the forecast period.
According to Statista in 2022, the cloud computing market generates revenue of around USD 400 billion in 2021. And it is expected to increase rapidly globally. It includes the adoption of IT services, use of networks of remote services, accessed over the internet. Whereas rising demand from end-user industries and growing R&D activities by market players create lucrative opportunities for the market. However, a lack of skilled professionals and expertise hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cognitive Operations Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing demand from end-use industries, and the growing adoption of cognitive operation solutions across banking, telecommunication, financial services, and so on. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing penetration of market players, growing R&D activities, and investment towards digitalization
Major market players included in this report are:
Broadcom Inc.
IBM Corporation
VMware, Inc.
Micro Focus International Plc
Splunk Inc.
HCL Technologies Limited
BMC Software, Inc.
New Relic, Inc.
CloudFabrix Software Inc.
Servicenow Inc.
Recent Developments in the Market:
- In December 2021, TCS launched TCS Cognix, a ready-made solution ecosystem that accelerates digital transformation and is powered by the Machine First Delivery Model (MFDM). It orchestrates the digital technology ecosystem logically, innovatively, and modularly and contextualizes solutions using domain knowledge. TCS Cognix assists in the realization of a configurable enterprise, allowing organizations to gain a competitive advantage through cognitive operations.
- In November 2021, Beyond Limits, a company that develops industrial and enterprise-grade AI software, announced the general availability of its new Luminai Refinery Advisor, which was created in collaboration with bp. Beyond Limits' Cognitive AI software is used in this cloud-based offering to better adhere to commercial operating plans, capture and operationalize expert knowledge, reduce production material costs, maximize operational efficiencies, accelerate time to market, and reduce waste in various sectors.
Global Cognitive Operations Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Deployment Mode, Enterprise Size, Application, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions,
Services
By Deployment Mode:
Cloud
On Premises
By Enterprise Size:
Large Enterprises,
Small Sized Enterprises
Medium-Sized Enterprises
By Application:
IT Operations Analytics,
Application Performance Management,
Network Analytics,
Security Analytics,
Infrastructure Management
By Industry Vertical:
BFSI,
Healthcare & Life Sciences,
IT & Telecom,
Retail & E-commerce
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cognitive Operations Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cognitive Operations Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Cognitive Operations Market, by Deployment Mode,2019-2029 (USD Billion)
- 1.2.4. Cognitive Operations Market, by Enterprise Size, 2019-2029 (USD Billion)
- 1.2.5. Cognitive Operations Market, by Application, 2019-2029 (USD Billion)
- 1.2.6. Cognitive Operations Market, by Industry Vertical, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cognitive Operations Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cognitive Operations Market Dynamics
- 3.1. Cognitive Operations Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of cloud-based cognitive IT operations solutions
- 3.1.1.2. Growing demand for monitoring the complex IT Environment
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of skilled professionals and expertise
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand from end-user industries
- 3.1.3.2. Growing R&D activities by market players
Chapter 4. Global Cognitive Operations Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cognitive Operations Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Cognitive Operations Market by Component Performance - Potential Analysis
- 6.3. Global Cognitive Operations Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 6.4. Cognitive Operations Market, Sub Segment Analysis
- 6.4.1. Solutions,
- 6.4.2. Services
Chapter 7. Global Cognitive Operations Market, by Deployment Mode,
- 7.1. Market Snapshot
- 7.2. Global Cognitive Operations Market by Deployment Mode, Performance - Potential Analysis
- 7.3. Global Cognitive Operations Market Estimates & Forecasts by Deployment Mode, 2019-2029 (USD Billion)
- 7.4. Cognitive Operations Market, Sub Segment Analysis
- 7.4.1. Cloud
- 7.4.2. On Premises
Chapter 8. Global Cognitive Operations Market, by Enterprise Size,
- 8.1. Market Snapshot
- 8.2. Global Cognitive Operations Market by Enterprise Size, Performance - Potential Analysis
- 8.3. Global Cognitive Operations Market Estimates & Forecasts by Enterprise Size, 2019-2029 (USD Billion)
- 8.4. Cognitive Operations Market, Sub Segment Analysis
- 8.4.1. Large Enterprises,
- 8.4.2. Small Sized Enterprises
- 8.4.3. Medium-Sized Enterprises
Chapter 9. Global Cognitive Operations Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Cognitive Operations Market by Application Performance - Potential Analysis
- 9.3. Global Cognitive Operations Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 9.4. Cognitive Operations Market, Sub Segment Analysis
- 9.4.1. IT Operations Analytics,
- 9.4.2. Application Performance Management,
- 9.4.3. Network Analytics,
- 9.4.4. Security Analytics,
- 9.4.5. Infrastructure Management
Chapter 10. Global Cognitive Operations Market, by Industry Vertical,
- 10.1. Market Snapshot
- 10.2. Global Cognitive Operations Market by Industry Vertical, Performance - Potential Analysis
- 10.3. Global Cognitive Operations Market Estimates & Forecasts by Industry Vertical, Channel 2019-2029 (USD Billion)
- 10.4. Cognitive Operations Market, Sub Segment Analysis
- 10.4.1. BFSI,
- 10.4.2. Healthcare & Life Sciences,
- 10.4.3. IT & Telecom,
- 10.4.4. Retail & E-commerce
Chapter 11. Global Cognitive Operations Market, Regional Analysis
- 11.1. Cognitive Operations Market, Regional Market Snapshot
- 11.2. North America Cognitive Operations Market
- 11.2.1. U.S. Cognitive Operations Market
- 11.2.1.1. Component, breakdown estimates & forecasts, 2019-2029
- 11.2.1.2. Deployment Mode, breakdown estimates & forecasts, 2019-2029
- 11.2.1.3. Enterprise Size, breakdown estimates & forecasts, 2019-2029
- 11.2.1.4. Application, breakdown estimates & forecasts, 2019-2029
- 11.2.1.5. Industry Vertical, breakdown estimates & forecasts, 2019-2029
- 11.2.2. Canada Cognitive Operations Market
- 11.3. Europe Cognitive Operations Market Snapshot
- 11.3.1. U.K. Cognitive Operations Market
- 11.3.2. Germany Cognitive Operations Market
- 11.3.3. France Cognitive Operations Market
- 11.3.4. Spain Cognitive Operations Market
- 11.3.5. Italy Cognitive Operations Market
- 11.3.6. Rest of Europe Cognitive Operations Market
- 11.4. Asia-Pacific Cognitive Operations Market Snapshot
- 11.4.1. China Cognitive Operations Market
- 11.4.2. India Cognitive Operations Market
- 11.4.3. Japan Cognitive Operations Market
- 11.4.4. Australia Cognitive Operations Market
- 11.4.5. South Korea Cognitive Operations Market
- 11.4.6. Rest of Asia Pacific Cognitive Operations Market
- 11.5. Latin America Cognitive Operations Market Snapshot
- 11.5.1. Brazil Cognitive Operations Market
- 11.5.2. Mexico Cognitive Operations Market
- 11.6. Rest of The World Cognitive Operations Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. Broadcom Inc.
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Product Summary
- 12.2.1.5. Recent Developments
- 12.2.2. IBM Corporation
- 12.2.3. VMware, Inc.
- 12.2.4. Micro Focus International Plc
- 12.2.5. Splunk Inc.
- 12.2.6. HCL Technologies Limited
- 12.2.7. BMC Software, Inc.
- 12.2.8. New Relic, Inc.
- 12.2.9. CloudFabrix Software Inc.
- 12.2.10. Servicenow Inc.
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption