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Cognitive Computing Market

Cognitive Computing - Global Market Outlook (2018-2027)

5.0 (71 reviews)
Published: April 2020 ID: SMRC19059
5.0 (71 reviews)
Published: April 2020 ID: SMRC19059

This report covers the impact of COVID-19 on this global market

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

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.        

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