Global Cognitive Computing Market: Overview
Cognitive computing is the recreation of human thought methods in a computerized model. Cognitive computing 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. Cognitive computing is used in several artificial intelligence (AI) applications, which consist of natural language programming, robotics, expert systems, neural networks, and virtual reality. The term cognitive computing is directly associated with the IBM’s cognitive computer system.
Global Cognitive Computing Market: Growth Factors
The rise in the development of integrated cloud platform and artificial intelligence is projected to sustain the growth of the global cognitive computing market. The rise in concern among the most important business organizations to examine a large volume of information to project the risk connected with any calculated initiative is more instrumental in speeding up the industry growth. The requirement for industries, such as retail, healthcare, and financial organization, to study large volumes of information optimally on a real-time basis, is recognized to impact the production positively. Technical propagation is leading to the adoption of inventive techniques such as automated reasoning and machine learning in dispensing systems.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Cognitive Computing Market: Segmentation
On account of applications, the market has been divided into robots, diagnostic APIs, video surveillance, farm mechanization, self-driving cars, cyber security, supply chain management, social media monitoring, gaming, eLearning, IT infrastructure management, and others. On the account of industry type, the global cognitive computing market is segmented into BFSI, manufacturing, government, energy & utility healthcare, IT & telecom, media & entertainment, retail, transportation, agriculture, aerospace & defense, education and others (marketing & PR, HR and so on.). On the account of end-users, the global market is divided into small & medium enterprises, large enterprises, and public sectors.
Global Cognitive Computing Market: Regional Analysis
North America is anticipated to become the largest global cognitive computing market. The Greater part of cognitive computing service providers such as Microsoft, Google, and IBM Corporation is based in North America area itself and they are also spending in the field of global cognitive computing local market. For example, to speed up the acceptance of Watson system, IBM Corporation is spending in Modernizing Medicine, specialty-specific electronic medical records (EMR) systems and a supplier of cloud-based. Establishment of numerous cognitive computing startups such as Cognitive Scale is majorly taking place in Europe. Asia Pacific province is estimated to have reasonable growth rate for the global cognitive computing market as quickly increasing trend of cloud based services, in both small and medium ventures, is paving the way for development of the global cognitive computing market in this region. Latin America, Africa, and the Middle East regions are yet to match the speed of the global cognitive computing market.
Global Cognitive Computing Market: Competitive players
The key players in the global cognitive computing market include Cognitive Scale, IBM Corporation, Google, Palantir Technologies, Microsoft Corporation, Enterra Solutions, and Numenta.
Global Cognitive Computing Market: Regional Segment Analysis
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