The global cognitive operations market size was at USD 5.49 billion in 2017, and is projected to reach USD 21.67 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4%.

Northbrook, IL -- (SBWire) -- 08/29/2018 --Deployment and integration services segment to be a larger contributor to the cognitive operations market during the forecast period

Deployment and integration services are an essential aspect of executing cognitive operation solutions, as they help companies implement new versions of cognitive operations software tools as well as integrate those tools with the traditional IT operations ecosystem. Deployment and integration services integrate the software with the analytics side, to enable data retrieval and generate the desired results through computation.

IT operations analytics (ITOA) application to hold the largest market size during the forecast period

ITOA applications powered with cognitive operations solutions help enterprises to analyze their IT operational logs and get the real-time behavior of an organization's business. Moreover, ITOA application can collect, store, index, search, correlate, visualize, analyze, and report the machine generated data and reduce the Mean-Time-To-Repair (MTTR) by providing better and faster results. IT operation analytics also assists in unlocking trends that can help organizations connect performance issues and infrastructure changes to incident tickets.

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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.

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).

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