Market Highlights: Cognitive operations refer to self-learning algorithms assess and function, by making use of data mining, pattern recognition, along with natural language processing software. Increasing need for Full stack monitoring solutions from IT Industry led to a rise in demand for cognitive operation solutions to manage increasingly complex and dynamic environments with less effort to improve productivity. In addition, market players are focusing on technological developments such as integrations of cloud-based, machine learning and real-time data analytics solutions with cognitive operations and increasing demand of cognitive operations from numerous industry verticals such as healthcare and life sciences, banking and financial services, IT, telecom, and others driving the demand for cognitive operation solutions. The market study is being classified, by Application (IT Operations Analytics, Application Performance Management, Infrastructure Management, Network Analytics, Security analytics and Others [Log and Event Management, Predictive Maintenance, Anomaly Detection, App Experience Analytics, and Root Cause Analytics]) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Cognitive Operations are IBM (United States), Splunk (United States), CA Technologies (United States), Micro Focus (United Kingdom), VMware (United States), HCL Technologies (India), AppDynamics (United States), BMC Software (United States), New Relic (United States), Appnomic (India), CloudFabrix (United States), Loom Systems (United States), Dynatrace (United States), Zenoss (United States), Ymor (United States), Devo (United States), Logz.io (United States) and ServiceNow (United States).
Major Market Development Highlights 29th March 2019, BMC Software engaged in IT solutions for the digital enterprise, announced a strategic partnership with Automation Anywhere, provider of robotic process automation (RPA) services, to include RPA across service desk processes which will help to extend the BMC Helix cognitive automation’s capabilities.
Key Questions Answered in the Report What will the Cognitive Operations Market size and the growth rate be in Future? What are the key factors driving the Cognitive Operations Market? What are the key market trends and macro-economic impacting the growth of the Cognitive Operations Market? What are the challenges to market growth? Who are the key vendors in the Cognitive Operations Market? What are the market opportunities and threats faced by the vendors in the Cognitive Operations Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Cognitive Operations Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cognitive Operations market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cognitive Operations market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Artificial Intelligence (AI), Cognitive, and Analytics Solutions and Services Providers, Value-Added Resellers (VARs), Managed Service Providers (MSPs), Cloud Services Providers, System Integrators, Training and Education Services Providers, Information Technology (IT) Directors/Consultants, Small and Medium-Sized Enterprises (SMEs) and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.