Market Highlights
Market Research Future (MRFR), in its most recent distribution in the Cognitive Computing Market 2020, subtleties factors that can change the market elements and impact cognitive computing technology market size. Cognitive computing technology market can extend dramatically attributable to the expansion in the volume of unstructured information, alongwith specialized advancements that are helping with the improvement of cognitive computing technology market. There are various drivers of the world cognitive computing market. Ascend in cloud based arrangement and their headways and improvement in programming and equipment frameworks can support the ascent of the cognitive computing technology market through 2016 to 2022. The developing requirement for experience points of interaction can support the development of the cognitive computing global market. According to MRFR investigation, the world cognitive computing technology market is probably going to blast in the years to come. MRFR concentrate additionally uncovers that the cognitive computing technology market is ready to achieve high worth on the finish of the review time frame.
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Segmentation:
The segment study of the cognitive computing technology global market is based on organization size, deployment, technology, and end-users.
The technology based segments of the cognitive computing technology market are automated reasoning, machine learning, and natural language processing (NLP) among others. The high utility and adoption of natural language processing technology across different verticals can prompt the expansion of the world cognitive computing technology market.
The organization based segments of the cognitive computing technology market are SMBs and large enterprises. The growing penetration of cognitive computing technology market in the years to come.
The deployment based segments of the cognitive computing technology market are cloud and on-premises. The rise in the awareness about the high reliability feature of cloud based cognitive computing solution can impel the expansion of the market.
The end-user based segments of the cognitive computing technology market are BFSI, healthcare, travel & tourism, media & entertainment, aerospace & defence, telecom & it, consumer goods & retail, education & research, and energy & power among other. The healthcare sector is expected to contribute largely to the expansion of the cognitive computing market.
Regional Analysis
Regional study of the world cognitive computing market reveals that North America can lead in the global market. The significant expansion of the regional cognitive computing market across the assessment period can be attributed to the high demand for faster and secured storage devices across different sectors. The IT industry is one of the highest end user of cognitive computing technology market. The presence of giant IT companies can boost the expansion of the regional cognitive computing technology market.
Europe market expansion to rise at a high growth rate. Reasons behind the upscaling in the regional market are technological advancements and increase in unstructured data volume. In addition, heavy research and development investments by leading players can prompt the expansion of EU cognitive computing market. Asia Pacific cognitive computing technology market can surge at a considerable CAGR through the study period.
Key players
MRFR listed some notable cognitive computing marketers. They are; Expert System S.p.A. (Italy), SparkCognition Inc (U.S.), Microsoft Corporation (U.S.), Numenta (U.S.), International Business Machines Corporation (U.S.), Cisco Systems, Inc (U.S.), DeepMind Technologies Limited (U.K), CustomerMatrix Inc (U.S.), Planet labs (U.S.), Airware (U.S.), Google, Inc (U.S.), CognitiveScale (U.S.), Saffron Technology, Inc (U.S.), Enterra Solutions LLC (U.S.), ColdLight Solutions (U.S.), Palantir Technologies (U.S.), Hewlett Packard Enterprise (U.S.), Orbital Insight (U.S.), Vicarious (U.S.), DigitalGenius (U.K), DataRobot (U.S.), Cylance (U.S.), Vicarious (U.S.), Darktrace (U.K), Ross Intelligence (U.S.), Indico (U.S.), Cyberlytic (U.K), among others.
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Global Cognitive Computing Market: Technology (NLP, Machine Learning, Automated Reasoning), Deployment (Cloud, On-Premise), Organization Size (SME, Large Enterprise), End-User (BFSI, Retail, Aerospace & Defense) – Forecast till 2027
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