The global cognitive operation market is anticipated to grow at a significant CAGR of 21.2% during the forecast period. The organization is implementing cognitive operation technology to improve the user’s experience, increase the return on investment and gain competitive advantages in the industry around the world. The major factor for the growth of the market is increasing technological advancement and optimized spectrum utilization. Moreover, with the advancement of technology and digital production, IT operations become more important and complex across all industries. There is a need for effective management of these activities in order to achieve a competitive advantage. Therefore, many businesses focus on improving system performance by achieving performance and server performance analysis, infrastructure, and IT applications. This, in turn, increases the need for the adoption of psychological solutions.
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Prominent players operating in the market are focusing on collaborating with other companies to offer better product and services to their customers. For instance, IBM partnered with Nlyte Software to offer the first cognitive Data Center Infrastructure Management (DCIM) solution, the solution named Nlyte Machine Learning. The solution has been designed with an aim to address issues in data centers by incorporating cognitive capabilities from IBM Watson IoT.
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Global Cognitive Operation Market Segmentation
By Component
- Solutions
- Services
By Deployment
- Cloud
- On-Premises
By Application
- IT Operations Analytics
- Application Performance Management
- Infrastructure Management
- Network Analytics
- Security Analytics
- Others
By Enterprise
- Large Enterprise
- SMEs
By Vertical
- BFSI
- Healthcare and Life Science
- IT and Telecom
- Retail and E-Commerce
- Manufacturing
- Government
- Media and Entertainment
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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