Cognitive Computing Technology Market Overview:
The emphasis on ensuring a human level thinking and cognition in computers is furthering the growth of cognitive computing technologies. Market reports associated to the information and communication technology industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market projection reveals that the market is estimated to earn revenues worth USD 25 billion while expanding at a 35 % CAGR in the forecast period.
As the amount of research carried out in various domains rises, the need to carry out huge volumes of calculations and processing is expected to motivate the growth of the Cognitive Computing Technology Market. Moreover, the high levels of investment being concentrated on cognitive computing technology by major market players are anticipated to propel the market. The higher adoption rates and the progress in computing platforms such as mobile, cloud, and data analytics will drive the market for cognitive computing technology.
Major Key Players:
The noteworthy contenders in the cognitive computing technology market comprise of Expert System S.p.A. (Italy), Microsoft Corporation (U.S.), Spark Cognition Inc (U.S.), Numenta (U.S.), Cisco Systems, Inc (U.S.), CustomerMatrix Inc (U.S.), International Business Machines Corporation (U.S.), Hewlett Packard Enterprise (U.S.), DeepMind Technologies Limited (U.K), CognitiveScale (U.S.), among others.
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Segmental Analysis:
The segmentation analysis of the cognitive computing technology market is carried out on the basis of technology, organization size, end user, deployment and region. By the technology, the cognitive computing technology market is segmented into machine learning, natural language processing (NLP), automated reasoning and others. Based on organization size, the cognitive computing technology market is segmented into large enterprise and small and medium enterprise.
The segmentation on the basis of end-user segments the cognitive computing technology market retail, aerospace & defense, into banking & financial service, IT & telecom, automotive & transportation, energy & power, and others. Based on deployment, the cognitive computing technology market is segmented into on-premise and on cloud. On the basis of region, the cognitive computing technology market is segmented into Europe, North America, Asia Pacific, and the rest of the world.
Detailed Regional Analysis:
The regional study of the cognitive computing technology market includes regions such as Europe, North America, Asia Pacific, and the rest of the world. The assessment of the regions in the cognitive computing technology market reveals that the market will grow at a substantial rate through the forecast period owing to the advanced demand for secure and faster storage devices. The North American region highly dominates the cognitive computing technology market.
The North American region is primarily driven by the technological developments and intensifying volume of unstructured data. Moreover, substantial investments in research & development from the principal vendors is also helping in the market to progress. The European region ranks second in terms of the market portion in the cognitive computing market. The European region is a technologically matured region with developed economies in countries such as the U.K, Germany, and France. Though, the Asia Pacific region is anticipated to display the highest development rate through the forecast period.
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Competitive Analysis:
The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years.
The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market’s progress. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market.
Intended Audience:
• Games Manufacturers
• Distribution Centers
• Software Developers
• Manufacturing Companies
• Healthcare Service provider
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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List of Tables
Table1 World Population by Major Regions (2017 To 2030)
Table2 Global Cognitive Computing Technology Market: By Region, 2017-2023
Table3 North America Cognitive Computing Technology Market: By Country, 2017-2023
Continued…
List of Figures
Figure 1 Global Cognitive Computing Technology Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Cognitive Computing Technology Market
Continued…
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