In 2021, the global cognitive computing market was valued at US$ 69 Billion and is expected to reach US$ 1239 Billion by 2027, expanding at a CAGR of 50.92% during the forecast period.
Cognitive computing represents the third era of computing, we started from computers that could tabulate sums (1900s) to programmable systems (1950s), and now to cognitive systems. Even though computers are better for data processing and making calculations, they were not able to accomplish some of the most basic human tasks. The computer can mimic the way the human brain works, using self-learning algorithms that use data mining, pattern recognition and natural language processing. In a simple sentence, cognitive computing is based on self-learning systems that use machine-learning techniques to perform specific, human-like tasks in an intelligent way. Cognitive Systems focus on the on-aiding humans in completing tasks accurately, faster, and in more complex ways than ever before. The goal of cognitive computing is to simulate human thought processes in a computerized model.
The global Cognitive Computing market is segregated on the basis of Technology as Natural Language Processing, Machine Learning, Automated Reasoning, and Others. Based on Application the global Cognitive Computing market is segmented in Healthcare, Retail, BFSI, IT & Telecom, Government & Defence, Security, and Others.
The global Cognitive Computing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Cognitive Computing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Cisco Systems Inc., Hewlett Packard Enterprise, IBM Corporation, Flatiron Health, Inc., Accenture, Inc., Microsoft Corporation, SparkCognition, Google, Inc., Digital Reasoning Systems, Narrative Science., and others are among the major players in the global Cognitive Computing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Cognitive Computing Market has been segmented as below:
Cognitive Computing Market, By Technology
Cognitive Computing Market, By Application
Cognitive Computing Market, By Region
Cognitive Computing Market, By Company
The report covers:
Report Scope:
The global Cognitive Computing market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cognitive Computing market share. Major industry players with significant revenue share include Cisco Systems Inc., Hewlett Packard Enterprise, IBM Corporation, Flatiron Health, Inc., Accenture, Inc., Microsoft Corporation, SparkCognition, Google, Inc., Digital Reasoning Systems, Narrative Science., and others.
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Below are our New Reports :-
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. increasing volume of large complex data
4.2.2. harnessing internet speed
4.3. Restraints
4.3.1. High cost of deploying cognitive computing system
4.3.2. Lack of awareness
5. Cognitive Computing Market, By Application
5.1. Key Points
5.2. Healthcare
5.3. Retail
5.4. BFSI
5.5. IT & Telecom
5.6. Government & Defence
5.7. Security
5.8. Others
6. Cognitive Computing Market, By Technology
6.1. Key Points
6.2. Natural Language Processing
6.3. Machine Learning
6.4. Automated Reasoning
6.5. Others
7. Competitive Landscape
7.1. Introduction
7.2. Recent Developments
7.2.1. Mergers & Acquisitions
7.2.2. New Product Developments
7.2.3. Portfolio/Production Capacity Expansions
7.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.2.5. Others
8. Company Profile
(OVERVIEW, KEY FINANCIALS, PRODUCT AND PRODUCT OFFERINGS, RELATED DEVELOPMENTS)
8.1. Cisco Systems Inc.
8.2. Hewlett Packard Enterprise
8.3. IBM Corporation
8.4. Flatiron Health, Inc.
8.5. Accenture, Inc.
8.6. Microsoft Corporation
8.7. SparkCognition
8.8. Google, Inc.
8.9. Digital Reasoning Systems
8.10. Narrative Science.
The Cognitive Computing Market has been segmented as below:
Cognitive Computing Market, By Technology
Cognitive Computing Market, By Application
Cognitive Computing Market, By Region
Cognitive Computing Market, By Company
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