Cognitive Computing Market Size, Share and Forecast 2019-2026

SKU: DIC119 | Last Updated On: Nov 06 2019 | No. of Pages: 179 | Available Formats

In July 2019, Nestlé USA and Enterra Solutions Sign Multi-Year Cognitive Computing Agreement.

Market Overview

The global Cognitive Computing Market expected to reach $XX billion by 2026, at a CAGR of over 21% during the forecast period. Cognitive computing helps to process volumes of complex data, thereby inadvertently enhancing the enterprise's productivity levels. Cognitive computing is considered as a next-generation system that converses in human language and helps experts to make better decisions by understanding the complexities of big data. In the current scenario, most of the data received is unstructured such as images, videos, natural language, and symbols. Increasing volume of unstructured data and advancements in technology are the major driving forces of the market.

Cognitive computing systems are typical combination of hardware and software that constitute natural language processing (NLP) and machine language, and have capability to collect, process, and interpret the dark data available with business organizations. Cognitive computing systems works exactly the phenomena of how a human brain works. These systems can process natural language, unstructured data, and can learn from experiences in similar way a human being do.

The report covers all the major trends and drivers playing a vital role in the growth of the global Cognitive Computing Market. The market has been segmented based on region, deployment, application, and technology.

Market Dynamics

The global Cognitive Computing Market growth is primarily driven by the presence of enormous data with business organizations in the form of human language, videos and pictures which contain valuable information. Hence, to process this data, there is a strong need for cognitive analytic technologies such as NLP and machine learning. This immensely help business organizations to control the risk associated with their business. Therefore, growing need to process unstructured and complex dark data set is expected to further boost global cognitive computing market over the forecast period.

In addition, rise in penetration of cloud-based solutions, growth associated with artificial intelligence and machine learning, and increase in market for prediction solutions also fuel the demand for cognitive computing.

However, dearth of trained professionals is expected to restrain the cognitive computing market growth during the forecast period.

Market Segmentation

By deployment, the global Cognitive Computing Market is segmented into cloud -based solutions and on-premise solutions. In 2018, cloud deployment segment accounted for the largest market share in the global market. Cloud technology enables developers to adopt Agile workflows, significantly reducing lead times in testing and deploying new products and releasing product updates. Cloud-based technological advancements, development of innovative hardware and software systems and cognitive experience interfaces would foster the growth of the cognitive computing market.

By vertical, the global Cognitive Computing Market is segmented into BFSI, Healthcare & Life sciences, Telecommunications and ITES, Government and Public sector, and Others. In 2018, BFSI vertical accounted for the majority share in the market. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The impact of this factor is expected to be higher in future, since machine-learning algorithms are anticipated to be used for preventing payment frauds and cyberterrorism. Furthermore, cognitive computing is anticipated to have a strong impact on healthcare advancements and lead to more accurate treatments and prevention of medical conditions.

Regional Analysis

By geography, the global Cognitive Computing Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, North America accounted for the largest market share. However, APAC is expected to witness a higher CAGR than other regions during the forecast period. North America is a matured market in terms of cognitive computing adoption, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise. Therefore, North America is expected to grow at a steady and maintain its dominant position in the global market over the forecast period.

APAC Cognitive Computing Market is expected to grow exponentially over the forecast period due to an increased demand for cloud computing among small and medium-sized enterprises (SMEs). Countries like Singapore, which has seen ICT infrastructure as a key enabler in boosting the overall competitiveness in the region, based on creating new industries and new businesses, thereby encouraging economic growth. The city-state boasts a prime position among its neighbors’ when it comes to cloud computing adoption. In India, at present, it does not have a mature ecosystem that supports cloud IaaS services.

Competitive Analysis

Global Cognitive Computing Market is moderately concentrated with the presence of global and few regional players in the market. Major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability.

Some major players in the market are IBM, Microsoft, Google, Palantir, Saffron Technology, Cognitive Scale, Numenta, Vicarious, Enterra Solutions, Cold Light, and among others. These players have adopted various strategies, such as new product/service developments, mergers and acquisitions, collaborations, and partnerships, to expand their presence in the global Cognitive Computing Market.

In June 2019, CognitiveScale Inc., an Enterprise AI software pioneer, has expanded its strategic relationship with Microsoft to further accelerate adoption of CognitiveScale’s Cortex software amongst businesses using Microsoft Azure.

 

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  • Comprehensive details on factors that will drive or challenge the growth of market players.
  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

Target Audience:

  • Cloud service providers
  • System integrators
  • Government agencies
  • Independent software vendors
  • Small and medium enterprises who would like to lessen their operational costs
  • Software application developers
  • Vendors who supply internet connection
  • Enterprises and businesses that require business-specific applications based on demand

**The Global Cognitive Computing Market report would provide an access to an approx, 71 market data table, 65 figures and 150 pages.

Global Cognitive Computing Market

  1. Global Cognitive Computing Market -Scope and Methodology

    1. Research Methodology

    2. Scope of the market

  2. Global Cognitive Computing Market -Key Trends and Developments

    1. Key Trends and Developments

  3. Global Cognitive Computing Market – Executive Summary

    1. Market Snippet By Deployment Type

    2. Market Snippet By Technology

    3. Market Snippet By Application

    4. Market Snippet By Region

  4. Global Cognitive Computing Market – Market Dynamics

    1. Market impacting factors

      1. Drivers

        1. Increasing advancements in technologies

        2. Driver 2

      2. Restraints

        1. High cost of deploying cognitive computing systems

        2. Restraint 2

      3. Impact analysis

      4. Opportunity

  5. Global Cognitive Computing Market – Industry Analysis

    1. Porter's five forces analysis

    2. Supply chain analysis

    3. New Technological Advncements

  6. Global Cognitive Computing Market – By Deployment Technology

    1. Introduction

      1. Market size analysis, and y-o-y growth analysis (%), By Deployment Type

      2. Market attractiveness index, By Deployment Type

    2. On-premises

      1. Introduction

      2. Market size analysis, and y-o-y growth analysis (%)

    3. Cloud

  7. Global Cognitive Computing Market – By Technology

    1. Introduction

      1. Market size analysis, and y-o-y growth analysis (%), By Technology

      2. Market attractiveness index, By Technology

    2. Machine Learning

      1. Introduction

      2. Market size analysis, y-o-y growth analysis (%)

    3. Natural Language Processing

    4. Automated Reasoning

    5. Others (Neural Networks, Deep Learning)

  8. Global Cognitive Computing Market – By Application

    1. Introduction

      1. Market size analysis, and y-o-y growth analysis (%), By Application

      2. Market attractiveness index, By Application

    2. IT & Telecom

      1. Introduction

      2. Market size analysis, y-o-y growth analysis (%)

    3. Healthcare

    4. Travel and Tourism

    5. BFSI

    6. Consumer Goods & Retails

    7. Others (Government, Aerospace & Defence)

  9. Global Cognitive Computing Market – By Region

    1. Introduction

      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region

      2. Market Attractiveness Index, By Region

    2. North America

      1. Introduction

      2. Key region-specific dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Deployment Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Technology

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. U.S.

        2. Canada

        3. Mexico

    3. Europe

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Deployment Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Technology

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. Germany

        2. U.K.

        3. France

        4. Rest of Europe

    4. South America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Deployment Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Technology

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. Brazil

        2. Argentina

        3. Rest of South America

    5. Asia Pacific

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Deployment Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Technology

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Countries

        1. China

        2. India

        3. Japan

        4. Australia

        5. Rest of Asia Pacific

    6. The Middle East And Africa

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Deployment Type

      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Technology

      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application

  10. Global Cognitive Computing Market – Competitive Landscape

    1. Competitive scenario

    2. Competitor strategy analysis

    3. Comparative Technology portfolio analysis

    4. Market positioning/share analysis

    5. Mergers and acquisitions analysis

  11. Company Profiles

    1. IBM

      1. Company overview

      2. Product portfolio and description

      3. Key highlights

      4. Financial overview

    2. Google

    3. Saffron Technology

    4. Cognitive Scale

    5. Numenta

    6. Vicarious

    7. Enterra Solutions

    8. Microsoft Corporation

    9. Palantir

    10. Cold Light

  12. Global Cognitive Computing Market – Premium Insights

  13. Global Cognitive Computing Market – DataM

    1. Appendix

    2. About us and services

    3. Contact us

LIST OF TABLES:

Table 1 Global Cognitive Computing Market Value, By Deployment Type, 2018,2022 & 2026 (USD Million)

Table 2 Global Cognitive Computing Market Value, By Technology, 2018,2022 & 2026 (USD Million)

Table 3 Global Cognitive Computing Market Value, By Application, 2018,2022 & 2026 (USD Million)

Table 4 Global Cognitive Computing Market Value, By Region, 2018,2022 & 2026 (USD Million)

Table 5 Global Cognitive Computing Market Value, By Deployment Type, 2018,2022 & 2026 (USD Million)

Table 6 Global Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 7 Global Cognitive Computing Market Value, By Technology, 2018,2022 & 2026 (USD Million)

Table 8 Global Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 9 Global Cognitive Computing Market Value, By Application, 2018,2022 & 2026 (USD Million)

Table 10 Global Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 11 Global Cognitive Computing Market Value, By Region, 2018,2022 & 2026 (USD Million)

Table 12  Global Cognitive Computing Market Value, By Region, 2017-2026 (USD Million)

Table 13 North America Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 14 North America Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 15 North America Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 16 North America Cognitive Computing Market Value, By Country, 2017-2026 (USD Million)

Table 17 South America Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 18 South America Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 19 South America Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 20 South America Cognitive Computing Market Value, By Country, 2017-2026 (USD Million)

Table 21 Europe Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 22 Europe Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 23 Europe Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 24 Europe Cognitive Computing Market Value, By 0, 2017-2026 (USD Million)

Table 25 Europe Cognitive Computing Market Value, By 0, 2017-2026 (USD Million)

Table 26 Europe Cognitive Computing Market Value, By Country, 2017-2026 (USD Million)

Table 27 Asia-Pacific Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 28 Asia-Pacific Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 29 Asia-Pacific Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 30 Asia-Pacific Cognitive Computing Market Value, By Country, 2017-2026 (USD Million)

Table 31 Middle East & Africa Cognitive Computing Market Value, By Deployment Type, 2017-2026 (USD Million)

Table 32 Middle East & Africa Cognitive Computing Market Value, By Technology, 2017-2026 (USD Million)

Table 33 Middle East & Africa Cognitive Computing Market Value, By Application, 2017-2026 (USD Million)

Table 34 IBM: Overview

Table 35 IBM: Product Portfolio

Table 36 IBM: Key Developments

Table 37 Google: Overview

Table 38 Google: Product Portfolio

Table 39 Google: Key Developments

Table 40 Saffron Technology: Overview

Table 41 Saffron Technology: Product Portfolio

Table 42 Saffron Technology: Key Developments

Table 43 Cognitive Scale: Overview

Table 44 Cognitive Scale: Product Portfolio

Table 45 Cognitive Scale: Key Developments

Table 46 Numenta: Overview

Table 47 Numenta: Product Portfolio

Table 48 Numenta: Key Developments

Table 49 Vicarious: Overview

Table 50 Vicarious: Product Portfolio

Table 51 Vicarious: Key Developments

Table 52 Enterra Solutions: Overview

Table 53 Enterra Solutions: Product Portfolio

Table 54 Enterra Solutions: Key Developments

Table 55 Microsoft Corporation: Overview

Table 56 Microsoft Corporation: Product Portfolio

Table 57 Microsoft Corporation: Key Developments

Table 58 Palantir: Overview

Table 59 Palantir: Product Portfolio

Table 60 Palantir: Key Developments

Table 61 Cold Light: Overview

Table 62 Cold Light: Product Portfolio

Table 63 Cold Light: Key Developments

 

LIST OF FIGURES:

Figure 1  Global Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 2  Global Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 3  Global Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 4  Global Cognitive Computing Market Share, By 0, 2018 & 2026 (%)

Figure 5  Global Cognitive Computing Market Share, By 0, 2018 & 2026 (%)

Figure 6  Global Cognitive Computing Market Share, By Region, 2018 & 2026 (%)

Figure 7  Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 8  Global Cognitive Computing Market Y-o-Y Growth, By Deployment Type, 2018-2026 (%)

Figure 9  On-premises: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 10 Cloud: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 11 Global Cognitive Computing Market Y-o-Y Growth, By Technology, 2018-2026 (%)

Figure 12 Machine Learnig: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 13 Natural Language Processing: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 14 Automated Reasoning: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 15 Others: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 16 Global Cognitive Computing Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 17 IT & Telecom: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 18 Healthcare: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 19 Travel and Tourism: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 20 BFSI: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 21 Consumer Goods & Retails: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 22 Others: Global Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 23 Global Cognitive Computing Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 24 North America Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 25 North America Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 26 North America Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 27 North America Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 28 North America Cognitive Computing Market Share, By Country, 2018 & 2026 (%)

Figure 29 South America Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 30 South America Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 31 South America Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 32 South America Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 33 South America Cognitive Computing Market Share, By Country, 2018 & 2026 (%)

Figure 34 Europe Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 35 Europe Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 36 Europe Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 37 Europe Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 38 Europe Cognitive Computing Market Share, By Country, 2018 & 2026 (%)

Figure 39 Asia-Pacific Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 40 Asia-Pacific Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 41 Asia-Pacific Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 42 Asia-Pacific Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 43 Asia-Pacific Cognitive Computing Market Share, By Country, 2018 & 2026 (%)

Figure 44 Middle East & Africa Cognitive Computing Market Value, 2017-2026 (USD Million)

Figure 45 Middle East & Africa Cognitive Computing Market Share, By Deployment Type, 2018 & 2026 (%)

Figure 46 Middle East & Africa Cognitive Computing Market Share, By Technology, 2018 & 2026 (%)

Figure 47 Middle East & Africa Cognitive Computing Market Share, By Application, 2018 & 2026 (%)

Figure 48 IBM: Financials

Figure 49 Google: Financials

Figure 50 Saffron Technology: Financials

Figure 51 Cognitive Scale: Financials

Figure 52 Numenta: Financials

Figure 53 Vicarious: Financials

Figure 54 Enterra Solutions: Financials

Figure 55 Microsoft Corporation: Financials

Figure 56 Palantir: Financials

Figure 57 Cold Light: Financials

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