The cognitive data management market is anticipated to grow at a significant CAGR during the forecast period 2021 to 2027. Increased acceptance of cognitive data management has resulted from advancement in the IoT-based devices, a rise in the volume of big data, and the rise of advanced technologies such as AI. The fast usage of big data and cloud computing has made cognitive data management more accessible and reliable to a wide range of end-user industries, including telecommunications and IT, which is anticipated to enhance the adoption of these solutions during the forecast period.

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Natural language processing (NLP) systems, several types of machine learning technologies, and data mining, which is used to extract key details from unstructured data, are anticipated to drive up demand for these solutions in the IT and telecommunications sectors.In the cognitive data management market, North America is anticipated to have the largest share. Several determinants are expected to contribute to the market's growth in the region. Growing investments in cognitive technologies by multiple firms, rising infrastructure development, and government assistance for AI, growing digital transformation, and growing IT budgets are among the market drivers.

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Moreover, regulations, changing technology, and client expectations are transforming financial services forcing financial institutions to be extra agile and accessible while keeping tight data privacy and security. This has brought forward cognitive data management’s integration into finance sector. It has led to the collaboration of many BFSI companies with IT service and solution providers.

Global Cognitive Data Management Market – Segmentation
By Component
Solutions
Services
By Deployment Type
On-Premise
Cloud
By Industry Vertical
BFSI
Healthcare & Pharmaceuticals
IT & Telecommunication
Manufacturing

Global Cognitive Data Management Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Veritas
Wipro
Datum
Reltio
Talend
HPE
Oracle
Saksoft
Snaplogic
Strongbox
Expert System
Cogntivescale
IBM Corp.
SAP SE
SAS
Infosys

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