Market Forecast By Component (Solutions , Services), By Application (IT Operations Analytics, Application Performance Management, Infrastructure Management, Network Analytics, Security analytics, Others), By Deployment Mode (Cloud, On-premises), By Enterprise Size (Large Enterprises, SMEs), By Vertical (BFSI, Healthcare and Life Sciences, BFSI, IT and telecom, Retail and eCommerce, Manufacturing, Government, Media and Entertainment) And Competitive Landscape
Product Code: ETC4413025 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | India Cognitive Operations Market |
Forecast period | 2025-2031 |
CAGR | 15% |
Growing Sector | BFSI |
The India Cognitive Operations Market Report thoroughly covers the market by component, application, deployment mode, enterprise size, and vertical. The India Cognitive Operations Market Outlook report provides an unbiased and detailed analysis of the ongoing India Cognitive Operations Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The India cognitive operations market is expected to witness a faster growth in the future driven by the increasing demand for automation and digitalization in various industries such as healthcare, retail, finance, and manufacturing.
According to 6Wresearch, India Cognitive Operations Market size is projected to rise at a CAGR of 15% during 2025-2031. One of the major drivers for the growth of the India cognitive operations market is the increasing need for cost reduction and optimization in operations. Another factor contributing to the growth of the market is the increasing adoption of cloud-based cognitive operations solutions. Cloud technology offers scalability and flexibility, allowing businesses to easily integrate cognitive technologies into their existing systems without heavy investments in infrastructure. These factors are contributing India Cognitive Operations Market growth.
However, the market does face certain challenges that may hinder its growth. The high initial investment required for implementing cognitive operations solutions is one such challenge. Another challenge is the lack of skilled professionals in the field of cognitive operations. Due to the relatively new nature of these technologies, there is a shortage of people with the necessary skills and knowledge to effectively implement and manage them.
Some key players operating in the India cognitive operations market include IBM, Microsoft, Amazon Web Services, Google LLC, and Oracle Corporation. These companies are constantly working towards improving their cognitive operations solutions to meet the changing demands of the market.
The Indian government has also taken initiatives to promote and support the growth of cognitive operations in the country. The 'Digital India' program launched in 2015 aims to transform India into a digitally empowered society and knowledge economy. This program includes initiatives such as the National Digital Literacy Mission, eGovernance, and promotion of digital payments, which are all driving the adoption of cognitive operations in various industries. The Indian government has also launched the 'Smart Cities Mission' to build 100 smart cities across the country.
The future of the India cognitive operations market looks promising with increasing investments in research and development activities. The rising adoption of technologies like artificial intelligence, machine learning, and natural language processing is expected to drive the growth of the market. Furthermore, the growing demand for automation in various industries, such as healthcare, retail, and BFSI, is also expected to propel the market growth.
According to Suryakant, Senior Research Analyst, 6Wresearch, one of the key application segments driving this growth is IT operations analytics. This involves using advanced analytics and machine learning techniques to analyze data from various sources such as servers, network devices, and applications to identify potential issues and improve overall performance.
One of the key drivers for the growth of the India cognitive operations market is the BFSI (Banking, Financial Services, and Insurance) sector. BFSI companies are constantly looking for ways to improve their operations and reduce costs, and cognitive technologies offer them a great opportunity to achieve this.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cognitive Operations Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cognitive Operations Market Revenues & Volume, 2021 & 2031F |
3.3 India Cognitive Operations Market - Industry Life Cycle |
3.4 India Cognitive Operations Market - Porter's Five Forces |
3.5 India Cognitive Operations Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Cognitive Operations Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 India Cognitive Operations Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 India Cognitive Operations Market Revenues & Volume Share, By Enterprise Size, 2021 & 2031F |
3.9 India Cognitive Operations Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Cognitive Operations Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cognitive Operations Market Trends |
6 India Cognitive Operations Market, By Types |
6.1 India Cognitive Operations Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Cognitive Operations Market Revenues & Volume, By Component , 2021 - 2031F |
6.1.3 India Cognitive Operations Market Revenues & Volume, By Solutions , 2021 - 2031F |
6.1.4 India Cognitive Operations Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 India Cognitive Operations Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cognitive Operations Market Revenues & Volume, By IT Operations Analytics, 2021 - 2031F |
6.2.3 India Cognitive Operations Market Revenues & Volume, By Application Performance Management, 2021 - 2031F |
6.2.4 India Cognitive Operations Market Revenues & Volume, By Infrastructure Management , 2021 - 2031F |
6.2.5 India Cognitive Operations Market Revenues & Volume, By Network Analytics, 2021 - 2031F |
6.2.6 India Cognitive Operations Market Revenues & Volume, By Security analytics, 2021 - 2031F |
6.2.7 India Cognitive Operations Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 India Cognitive Operations Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 India Cognitive Operations Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.3.3 India Cognitive Operations Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.4 India Cognitive Operations Market, By Enterprise Size |
6.4.1 Overview and Analysis |
6.4.2 India Cognitive Operations Market Revenues & Volume, By Large Enterprises, 2021 - 2031F |
6.4.3 India Cognitive Operations Market Revenues & Volume, By SMEs, 2021 - 2031F |
6.5 India Cognitive Operations Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 India Cognitive Operations Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.5.3 India Cognitive Operations Market Revenues & Volume, By Healthcare and Life Sciences, 2021 - 2031F |
6.5.4 India Cognitive Operations Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.5.5 India Cognitive Operations Market Revenues & Volume, By IT and telecom, 2021 - 2031F |
6.5.6 India Cognitive Operations Market Revenues & Volume, By Retail and eCommerce, 2021 - 2031F |
6.5.7 India Cognitive Operations Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.8 India Cognitive Operations Market Revenues & Volume, By Media and Entertainment, 2021 - 2031F |
6.5.9 India Cognitive Operations Market Revenues & Volume, By Media and Entertainment, 2021 - 2031F |
7 India Cognitive Operations Market Import-Export Trade Statistics |
7.1 India Cognitive Operations Market Export to Major Countries |
7.2 India Cognitive Operations Market Imports from Major Countries |
8 India Cognitive Operations Market Key Performance Indicators |
9 India Cognitive Operations Market - Opportunity Assessment |
9.1 India Cognitive Operations Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Cognitive Operations Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 India Cognitive Operations Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 India Cognitive Operations Market Opportunity Assessment, By Enterprise Size, 2021 & 2031F |
9.5 India Cognitive Operations Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Cognitive Operations Market - Competitive Landscape |
10.1 India Cognitive Operations Market Revenue Share, By Companies, 2024 |
10.2 India Cognitive Operations Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |