According to a new market research report “Cognitive Computing Market , By Component (Platform and Services), Technology (Machine Learning, Human Computer Interaction, Natural Language Processing and Deep Learning), Application (Automation, Intelligent Virtual Assistants, Behavioral Analysis, Biometrics and Others (eLearning and smart education and e Therapy), Deployment Mode (Cloud, On-premise and Hybrid), Organization Size (Large Enterprises and SME’s), Business Function (Human Resource, Legal, Finance, Marketing and Advertising) and Vertical (BFSI, Retail and eCommerce, Manufacturing, Government and Defense, Healthcare & Life Sciences, Media and Entertainment, IT & Telecommunication, Travel & Hospitality, Others (Education, Energy & Utilities, Transportation & Logistics) - Global Forecast to 2027” published by Market Digits, the total market is expected to reach $XX billion by 2027, at a CAGR of 31.6% during the forecast year from 2021 to 2027.
This report covers a sub-market in this field - the Cognitive Computing Market by component in detail, segmenting the market as platform and services. Services further sub segmented into managed services and professional services. Technology segment includes machine learning, human computer interaction, natural language processing and deep learning. Human computer interaction further classified as computer vision, machine vision and robotics. Deep learning segment is segregated into prescriptive and predictive modeling, decision making. The scope of the report covers the cognitive computing application which includes automation, intelligent virtual assistants, behavioral analysis, biometrics and others (eLearning and smart education and e Therapy). Deployment mode further divided into cloud, on-premise and hybrid. The segment organization segregated into large enterprises and SME’s. The segment business function segmented into human resources, legal, finance, marketing and advertising. Moreover, it provides in-sights on vertical that segregates into BFSI, retail and eCommerce, manufacturing, government and defense, healthcare & life sciences, media and entertainment, it & telecommunication, travel & hospitality, others (education, energy & utilities, transportation & logistics). Lastly, the Cognitive Computing Market is segmented by geography across North America, Europe, Asia-Pacific (APAC), and ROW (Rest of the World) and further sub-segmented by countries.
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The report deals with all the driving factors, opportunities, and challenges with respect to the global Cognitive Computing Market, which are helpful in identifying trends and key success factors for the industry. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long term landscapes. The report also includes qualitative analysis on the market, by incorporating complete analysis of industry value chain, funding and investments, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field. This report provides the competitive landscape of the key players, which covers all key growth strategies. The report also formulates the entire value chain of the market, along with industry trends of sports analytics with emphasis on market timelines & technology roadmaps, market and product life cycle analysis.
Major players in Cognitive Computing Market include 3M, Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Nuance Communications Inc., Oracle Corporation, SAP SE, SAS Institute Inc., Numenta, AWS, Enterra Solutions, CognitiveScale, SparkCognition, TCS, Expert System, Cisco, Virtusa, Cognitive Software Group, Red Skios, Artificial Solutions, Acuiti, Vantage Labs, E-Zest, BurstIQ and Tibco Software Inc. among others.
The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
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Market Analysis and Insights: Cognitive Computing Market Analysis & Insights
Cognitive Computing Market Scope and Market Size
The key deliverables of this report are Market statistics with detailed classifications and splits by revenue. Cognitive Computing Market revenues segmented by component, technology, application, deployment mode, organization size, business function, vertical and region. Players, stakeholders, and other participants in the global Cognitive Computing Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.Detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and company rankings.
Report further studies the market development status and future and Cognitive Computing Market trend across the world. Also, it splits Cognitive Computing Market segmentation by component, technology, application, deployment mode, organization size, business function, vertical and region to deep dive research and reveals market profile and prospects.
Major Classifications are as follows:
By Component
- Platform
- Services
- Managed Services
- Professional Services
By Technology
- Machine Learning
- Human Computer Interaction
- Computer Vision
- Machine Vision
- Robotics
- Natural Language Processing
- Deep Learning
- Prescriptive and Predictive Modelling
- Decision Making
By Application
- Automation
- Intelligent Virtual Assistants
- Behavioral Analysis
- Biometrics
- Others (eLearning and smart education and e Therapy)
By Deployment Mode
- Cloud
- On-premise
- Hybrid
By Organization Size
- Large Enterprises
- SME’s
By Business Function
- Human Resource
- Legal
- Finance
- Marketing and Advertising
By Vertical
- BFSI
- Retail and eCommerce
- Manufacturing
- Government and Defense
- Healthcare & Life Sciences
- Media and Entertainment
- IT & Telecommunication
- Travel & Hospitality
- Others (Education, Energy & Utilities, Transportation & Logistics)
By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- Franc
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC
- Rest of the World (RoW)
- Middle East
- Africa
- South America
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Reason to purchase this Cognitive Computing Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global Cognitive Computing Market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different and Cognitive Computing Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global Cognitive Computing Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Cognitive Computing Market.
- Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Cognitive Computing Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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