Global Cognitive Computing Market Size is estimated to expand rapidly in coming years, at a CAGR of 43.25 % from 2018 to 2025. In 2017, the global market valuation was USD 13.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The objective of cognitive computing is to simulate human thought procedures in a computerized model. Using self-learning algorithms that use data mining, pattern recognition, and natural language processing, the computer can mimic how the human brain operates. Cognitive computing helps in the decision-making process of sectors such as healthcare, finance and client services, but it also makes a powerful case for growth in other sectors such as education & research and defense. Geographically, North America region is expected to be the highest growing region in the global market of the cognitive computing market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global cognitive computing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cognitive computing market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technology Insights: On the basis of technology, global cognitive computing market has been segmented into Natural Language Processing (NLP), machine learning, automated reasoning, other technologies. Cognitive computing helps in the decision-making process of sectors such as healthcare, finance and client services, but it also makes a powerful case for growth in other sectors such as education & research and defense. Among all the technologies NLP technology has accounted for largest share in the global market of the cognitive computing market.

By Vertical Insights: On the basis of vertical, global cognitive computing market has been segmented into healthcare, BFSI, consumer goods & retail, aerospace & defense, telecom & IT, energy & power, travel & tourism, media & entertainment, education & research, other verticals. Among which BFSI segment is expected to grow at higher rate in forecast period. Healthcare is the biggest generating income for the cognitive computing scheme, followed by the segment of BFSI, retail and safety applications.

Regional Analysis

The cognitive computing market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to witness high growth in upcoming time span due to high demand from the IT and telecommunication sector and adoption of new technologies in the market. Technical advancements and consumer’s insistence on the digitization of the business is also one of the reasons behind market uplifting.

Asia Pacific region is expected to witness high growth in the market in the forecast period. Emerging countries from Asia Pacific region such as China and Japan are expected to be the highest growing markets due to rising adoption of advanced technology. Europe is anticipated to dominate the global cognitive computing market over the projected period majorly owing to high consumer awareness, better technological connectivity and highly cost-effective business strategies.

Global Cognitive Computing Market Size, Share Analysis by Region 2017

Global Cognitive Computing Market Study Objective

1. To forecast the market size of the cognitive computing market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of the cognitive computing market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of cognitive computing market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of cognitive computing market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the cognitive computing market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Microsoft, IBM, Google, Vicarious, Palantir, and Cold Light are some of the key players in the market of cognitive computing.

Global Cognitive Computing Market Study Report Offer You!

The global cognitive computing market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.