
Cognitive Computing Market
Cognitive Computing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Cognitive Computing market is accounted for $12.49 billion in 2018 and is expected to reach $116.04 billion by 2027 growing at a CAGR of 28.1% during the forecast period. Some of the key factors propelling the market growth include growing demand for intelligent business processes, rise in customer engagement through social media platforms, increase in the demand for cognitive systems in large organizations, and developments of machine to machine technologies. However, inability to recognize customer intent and respond effectively is restraining the market growth.
Cognitive computing is the recreation of human thought methods in a computerized model. It consists of self-learning methods that use pattern recognition, data mining, and natural language processing to imitate the way a human brain works. The aim of cognitive computing is to generate automated IT systems that are proficient of solving problems which don't need human assist. It is used in several artificial intelligence (AI) applications, which consist of natural language programming, robotics, expert systems, neural networks, and virtual reality.
By organization size, the large enterprises segment has significant growth during the forecast period, owing to the inclination of large enterprises to adopt Artificial Intelligence (AI) and Machine Learning (ML) technologies for processing large volumes of data being generated from multiple data sources. Large enterprises have a huge corporate network and organize many events. Cognitive solutions enable large enterprises to gain customer experience and have better cognitive capabilities for business decisions.
On the basis of geography, North America is expected to have considerable market growth during the forecast period, due to rising development of various technologies in the region, increasing usage of internet and startups adopting cognitive computing solutions and the growth of various cognitive computing players in the market. Organizations, especially in the US, have started using cognitive computing solutions to analyze huge volumes of data to provide better solutions. Latest technological advancements, such as 5G and IoT have also aided in the boost of cognitive solutions in this region.
Some of the key players in cognitive computing market include Google Inc, International Business Machine Corporation, Oracle Corporation, Statistical Analysis System (SAS), Tibco Software, Inc, Microsoft Corporation, Hewlett-Packard Development Company, LP, TCS, AWS, Cisco, Cognitive Software Group, 3M Company, Enterra Solutions, Vantage Labs LLC, Palantir Technologies, SAP SE, Saffron Technology, Numenta, Cognitive Scale, and Nuance Communications, Inc.
Technologies Covered:
• Deep Learning
• Machine Learning (ML)
• Natural Language Processing (NLP)
• Human Machine Interface (HMI)/Human Computer Interface (HCI)
• Automated Reasoning
• Speech Recognition
• Information Retrieval
• Planning & Scheduling
• Other Technologies
Deployment modes Covered:
• Cloud
• Hybrid
• On-premise
Components Covered:
• Service
• Platform
Business functions Covered:
• Finance
• Operations
• Marketing and Advertising
• Human Resources (HR)
• Legal
• Research and Development
Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises
• Public Sectors
Applications Covered:
• Behavioral Analysis
• Biometrics
• Automation
• Intelligent Virtual Assistants and Chatbots
• Video Surveillance
• Self-driving Cars
• Diagnostic API's
• Social Media Monitoring
• Farm Mechanization
• Supply Chain Management
• Cyber Security
• Gaming
• IT Infrastructure Management
• Other Applications
End Users Covered:
• Media and Entertainment
• Travel and Hospitality
• Banking, Financial Services, and Insurance
• Retail and eCommerce
• Manufacturing
• Government
• Telecommunication and IT
• Healthcare and Life Sciences
• Aerospace and Defence
• Agriculture
• Food & Beverages
• Real Estate
• Oil & Gas
• Customer Care
• Industrial Sector
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cognitive Computing Market, By Technology
5.1 Introduction
5.2 Deep Learning
5.2.1 Prescriptive and Predictive Modeling
5.2.2 Decision Making
5.3 Machine Learning (ML)
5.4 Natural Language Processing (NLP)
5.5 Human Machine Interface (HMI)/Human Computer Interface (HCI)
5.5.1 Computer Vision
5.5.2 Machine Vision
5.5.3 Robotics
5.6 Automated Reasoning
5.7 Speech Recognition
5.8 Information Retrieval
5.9 Planning & Scheduling
5.10 Other Technologies
5.10.1 Rules-based Systems
5.10.2 Optimization
6 Global Cognitive Computing Market, By Deployment Mode
6.1 Introduction
6.2 Cloud
6.3 Hybrid
6.4 On-premise
7 Global Cognitive Computing Market, By Component
7.1 Introduction
7.2 Service
7.2.1 Managed Services
7.2.2 Professional Services
7.3 Platform
8 Global Cognitive Computing Market, By Business Function
8.1 Introduction
8.2 Finance
8.3 Operations
8.4 Marketing and Advertising
8.5 Human Resources (HR)
8.6 Legal
8.7 Research and Development
9 Global Cognitive Computing Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises (SMEs)
9.3 Large Enterprises
9.4 Public Sectors
10 Global Cognitive Computing Market, By Application
10.1 Introduction
10.2 Behavioral Analysis
10.3 Biometrics
10.4 Automation
10.5 Intelligent Virtual Assistants and Chatbots
10.6 Video Surveillance
10.7 Self-driving Cars
10.8 Diagnostic API's
10.9 Social Media Monitoring
10.10 Farm Mechanization
10.11 Supply Chain Management
10.12 Cyber Security
10.13 Gaming
10.14 IT Infrastructure Management
10.15 Other Applications
10.15.1 eTheraphy
10.15.2 Elearning
11 Global Cognitive Computing Market, By End User
11.1 Introduction
11.2 Media and Entertainment
11.3 Travel and Hospitality
11.4 Banking, Financial Services, and Insurance
11.5 Retail and eCommerce
11.6 Manufacturing
11.7 Government
11.8 Telecommunication and IT
11.9 Healthcare and Life Sciences
11.10 Aerospace and Defence
11.11 Agriculture
11.12 Food & Beverages
11.13 Real Estate
11.14 Oil & Gas
11.15 Customer Care
11.16 Industrial Sector
11.17 Other End Users
11.17.1 Transportation and Logistics
11.17.2 Energy and Utilities
11.17.3 Education & Research
12 Global Cognitive Computing Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Google Inc
14.2 International Business Machine Corporation
14.3 Oracle Corporation
14.4 Statistical Analysis System (SAS)
14.5 Tibco Software, Inc
14.6 Microsoft Corporation
14.7 Hewlett-Packard Development Company, L P
14.8 TCS
14.9 AWS
14.10 Cisco
14.11 Cognitive Software Group
14.12 3M Company
14.13 Enterra Solutions
14.14 Vantage Labs LLC
14.15 Palantir Technologies
14.16 SAP SE
14.17 Saffron Technology
14.18 Numenta
14.19 Cognitive Scale
14.20 Nuance Communications, Inc
List of Tables
1 Global Cognitive Computing Market Outlook, By Region (2017-2027) ($MN)
2 Global Cognitive Computing Market Outlook, By Technology (2017-2027) ($MN)
3 Global Cognitive Computing Market Outlook, By Deep Learning (2017-2027) ($MN)
4 Global Cognitive Computing Market Outlook, By Prescriptive and Predictive Modeling (2017-2027) ($MN)
5 Global Cognitive Computing Market Outlook, By Decision Making (2017-2027) ($MN)
6 Global Cognitive Computing Market Outlook, By Machine Learning (ML) (2017-2027) ($MN)
7 Global Cognitive Computing Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
8 Global Cognitive Computing Market Outlook, By Human Machine Interface (HMI)/Human Computer Interface (HCI) (2017-2027) ($MN)
9 Global Cognitive Computing Market Outlook, By Computer Vision (2017-2027) ($MN)
10 Global Cognitive Computing Market Outlook, By Machine Vision (2017-2027) ($MN)
11 Global Cognitive Computing Market Outlook, By Robotics (2017-2027) ($MN)
12 Global Cognitive Computing Market Outlook, By Automated Reasoning (2017-2027) ($MN)
13 Global Cognitive Computing Market Outlook, By Speech Recognition (2017-2027) ($MN)
14 Global Cognitive Computing Market Outlook, By Information Retrieval (2017-2027) ($MN)
15 Global Cognitive Computing Market Outlook, By Planning & Scheduling (2017-2027) ($MN)
16 Global Cognitive Computing Market Outlook, By Other Technologies (2017-2027) ($MN)
17 Global Cognitive Computing Market Outlook, By Rules-based Systems (2017-2027) ($MN)
18 Global Cognitive Computing Market Outlook, By Optimization (2017-2027) ($MN)
19 Global Cognitive Computing Market Outlook, By Deployment Mode (2017-2027) ($MN)
20 Global Cognitive Computing Market Outlook, By Cloud (2017-2027) ($MN)
21 Global Cognitive Computing Market Outlook, By Hybrid (2017-2027) ($MN)
22 Global Cognitive Computing Market Outlook, By On-premise (2017-2027) ($MN)
23 Global Cognitive Computing Market Outlook, By Component (2017-2027) ($MN)
24 Global Cognitive Computing Market Outlook, By Service (2017-2027) ($MN)
25 Global Cognitive Computing Market Outlook, By Managed Services (2017-2027) ($MN)
26 Global Cognitive Computing Market Outlook, By Professional Services (2017-2027) ($MN)
27 Global Cognitive Computing Market Outlook, By Platform (2017-2027) ($MN)
28 Global Cognitive Computing Market Outlook, By Business Function (2017-2027) ($MN)
29 Global Cognitive Computing Market Outlook, By Finance (2017-2027) ($MN)
30 Global Cognitive Computing Market Outlook, By Operations (2017-2027) ($MN)
31 Global Cognitive Computing Market Outlook, By Marketing and Advertising (2017-2027) ($MN)
32 Global Cognitive Computing Market Outlook, By Human Resources (HR) (2017-2027) ($MN)
33 Global Cognitive Computing Market Outlook, By Legal (2017-2027) ($MN)
34 Global Cognitive Computing Market Outlook, By Research and Development (2017-2027) ($MN)
35 Global Cognitive Computing Market Outlook, By Organization Size (2017-2027) ($MN)
36 Global Cognitive Computing Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2017-2027) ($MN)
37 Global Cognitive Computing Market Outlook, By Large Enterprises (2017-2027) ($MN)
38 Global Cognitive Computing Market Outlook, By Public Sectors (2017-2027) ($MN)
39 Global Cognitive Computing Market Outlook, By Application (2017-2027) ($MN)
40 Global Cognitive Computing Market Outlook, By Behavioral Analysis (2017-2027) ($MN)
41 Global Cognitive Computing Market Outlook, By Biometrics (2017-2027) ($MN)
42 Global Cognitive Computing Market Outlook, By Automation (2017-2027) ($MN)
43 Global Cognitive Computing Market Outlook, By Intelligent Virtual Assistants and Chatbots (2017-2027) ($MN)
44 Global Cognitive Computing Market Outlook, By Video Surveillance (2017-2027) ($MN)
45 Global Cognitive Computing Market Outlook, By Self-driving Cars (2017-2027) ($MN)
46 Global Cognitive Computing Market Outlook, By Diagnostic API's (2017-2027) ($MN)
47 Global Cognitive Computing Market Outlook, By Social Media Monitoring (2017-2027) ($MN)
48 Global Cognitive Computing Market Outlook, By Farm Mechanization (2017-2027) ($MN)
49 Global Cognitive Computing Market Outlook, By Supply Chain Management (2017-2027) ($MN)
50 Global Cognitive Computing Market Outlook, By Cyber Security (2017-2027) ($MN)
51 Global Cognitive Computing Market Outlook, By Gaming (2017-2027) ($MN)
52 Global Cognitive Computing Market Outlook, By IT Infrastructure Management (2017-2027) ($MN)
53 Global Cognitive Computing Market Outlook, By Other Applications (2017-2027) ($MN)
54 Global Cognitive Computing Market Outlook, By eTheraphy (2017-2027) ($MN)
55 Global Cognitive Computing Market Outlook, By Elearning (2017-2027) ($MN)
56 Global Cognitive Computing Market Outlook, By End User (2017-2027) ($MN)
57 Global Cognitive Computing Market Outlook, By Media and Entertainment (2017-2027) ($MN)
58 Global Cognitive Computing Market Outlook, By Travel and Hospitality (2017-2027) ($MN)
59 Global Cognitive Computing Market Outlook, By Banking, Financial Services, and Insurance (2017-2027) ($MN)
60 Global Cognitive Computing Market Outlook, By Retail and eCommerce (2017-2027) ($MN)
61 Global Cognitive Computing Market Outlook, By Manufacturing (2017-2027) ($MN)
62 Global Cognitive Computing Market Outlook, By Government (2017-2027) ($MN)
63 Global Cognitive Computing Market Outlook, By Telecommunication and IT (2017-2027) ($MN)
64 Global Cognitive Computing Market Outlook, By Healthcare and Life Sciences (2017-2027) ($MN)
65 Global Cognitive Computing Market Outlook, By Aerospace and Defence (2017-2027) ($MN)
66 Global Cognitive Computing Market Outlook, By Agriculture (2017-2027) ($MN)
67 Global Cognitive Computing Market Outlook, By Food & Beverages (2017-2027) ($MN)
68 Global Cognitive Computing Market Outlook, By Real Estate (2017-2027) ($MN)
69 Global Cognitive Computing Market Outlook, By Oil & Gas (2017-2027) ($MN)
70 Global Cognitive Computing Market Outlook, By Customer Care (2017-2027) ($MN)
71 Global Cognitive Computing Market Outlook, By Industrial Sector (2017-2027) ($MN)
72 Global Cognitive Computing Market Outlook, By Other End Users (2017-2027) ($MN)
73 Global Cognitive Computing Market Outlook, By Transportation and Logistics (2017-2027) ($MN)
74 Global Cognitive Computing Market Outlook, By Energy and Utilities (2017-2027) ($MN)
75 Global Cognitive Computing Market Outlook, By Education & Research (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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