Global Cognitive Computing Market is Rising Exponentially at Rate of 32.13% During the Forecast Period

Cognitive Computing Market is expected to rise at annual rate 32.13% in the forecast period of 2020 to 2027 due to the growing acceptance of cloud based technology and technological development and development in the cognitive computing.

  • On the other hand, complexity coupled with the government and compliance and the high investment expenditure are expected to hinder the market growth in the above mentioned forecast period. Data management and regulations is projected to challenge the cognitive computing market.

Cognitive Computing Market Scenario

According to Data Bridge Market Research the markets for cognitive computing is accelerating because of the growing large and complex dataset, accessibility of advanced hardware and software system and development in the computing platforms such as cloud and mobile. Additionally, rising demand from healthcare sector positively affect the cognitive computing market.

Furthermore, using cognitive abilities to reduce excess operational costs and increasing utilization of deep learning technology in artificial intelligence recommendation engine solutions extend advantageous opportunities to the market players.

Now the question is which are the other regions that plant cognitive computing market targeting? Data Bridge Market Research has estimated a large growth in North America because of the growing utilization of internet and start-ups accepting cognitive computing solutions. Asia Pacific is expected to witness significant growth during the forecast period of 2019- 2026.

For more analysis on the cognitive computing market request for a briefing with our analysts

Cognitive Computing Market Scope

Cognitive computing market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of cognitive computing market is further analyzed based on maximum granularity into further segmentation. Cognitive computing market based on the technology, the cognitive computing market is segmented into natural language processing, machine learning, automated reasoning, other. Based on the end-user, the cognitive computing market is segmented into small and medium businesses, large enterprises. Based on the deployment type, the cognitive computing market is segmented into cloud, on- premises. Based on the vertical, the cognitive computing market is segmented into BFSI, consumer goods and retail, aerospace and defence, telecom and IT, energy and power, travel and tourism, media and entertainment, education and research, other. Based on the applications, the cognitive computing market is segmented into diagnostic APIs, robots, cyber security, farm mechanization, social media monitoring, self-driving cars, gaming, video surveillance, e- learning, it infrastructure management, supply chain management.
  • Cognitive computing is the utilization of computerized models to mimic the human thinking process. They are generally based on self- learning system which utilizes different machine learning techniques so they can perform several human functions effectively and intelligently. Natural language processing, data mining, and pattern reorganization are few of the common self- learning methods which are utilized. They are broadly utilized in industries for example aerospace and defence, telecom and IT, BFSI, media and entertainment amongst others.

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Key Pointers Covered in the Cognitive Computing Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Google
  • IBM Corporation
  • Microsoft
  • Intel Corporation
  • Cognitive Computing Consortium
  • Enterra Solutions
  • Numenta
  • Vicarious
  • SparkCognition
  • TIBCO Software Inc.
  • Naka Technologies
  • Wipro Limited
  • Marlabs Inc

Above are the key players covered in the report, to know about more and exhaustive list of cognitive computing companies contact us

Research Methodology of Cognitive Computing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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