The global cognitive management market is expected to grow from $ 7.27 billion in 2019 to $ 21.67 billion in 2026 with a compound annual growth rate (CAGR) of +25% over the forecast period. The key growth drivers for the cognitive management market are increasingly the need to monitor complex IT environments and the growing interest in adopting cloud-based IT operations solutions
The research methodology used to predict and predict the size of the global cognitive management market is to collect data on core vendor revenue through ancillary studies, annual reports, the Institute of Electrical and Electronics Engineers (IEEE), Factiva, Bloomberg, . We also considered vendor offerings to determine market segmentation. Bottom-up procedures have been adopted to reach the total market size from the sales of key market participants. Since reaching the overall market size, the total cognitive management market has been divided into several divisions and sub-divisions, and key research has been validated through key interviews with key figures such as CEO and CEO. , Directors and officers
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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).
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.
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Increased interest in adopting cloud-based IT operations solutions
Enterprises transform their core business applications into the cloud to take advantage of the benefits of the cloud. Cloud deployment options offer many benefits, including scalability, cost savings, and ease of deployment. Organizations are also migrating to the cloud as their data storage needs grow. Cloud-based solutions also make it easier for your organization to implement predictive analytics for a variety of business applications.
Major growth factors for the market include the growing need to monitor the complex IT environment, and an increasing focus on the adoption of cloud-based cognitive IT operations solutions. Cognitive operations solutions enable organizations to automatically build predictive models by analyzing the data collected from various IT operations tools and devices
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