Global Cognitive Computing Cable Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)
Cognitive Computing Industry 2020 Global Market research report studies the latest Cognitive Computing industry aspects market size, share, trends, Opportunities and Strategies To Boost Growth, business overview, revenue, demand, marketplace expanding, technological innovations, recent development, and Cognitive Computing industry scenario during the forecast period (2020-2025).
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Global Cognitive Computing Market is valued at 15.86 USD Billion in 2019 and expected to reach 76.64 USD Billion by 2025 with the CAGR of 30.02% over the forecast period.
Rapid technological advancements, growing advent of digitization and adoption of automated business processes, surging requirement of managing complex data, rising adoption of cloud-based services are the major factors for driving the growth of Global Cognitive Computing Market.
Scope of Global Cognitive Computing Market Report-
Cognitive computing is based on a self-learning system that uses machine learning techniques to perform specific tasks, similar to humans in an intelligent manner. The objective is to instill thought processes of a human in computer models, which can be achieved using self-learning algorithms using pattern recognition, data mining, and natural language processing.
Cognitive technology is a general concept, referring to various technologies that have analytical and reasoning skills similar to human cognition, such as artificial intelligence (AI), robotics, machine learning and analysis predictive. The IBM Watson supercomputer is a notable cognitive innovation that can understand natural language and “think” like humans.
The application of cognitive technology can be divided into three categories: 1) Cognitive automation uses robotic process technology for the automation of physical and digital tasks. These applications, like humans, capture and use information from multiple systems. 2) Cognitive understanding uses algorithms to detect patterns in large amounts of data and explain their meaning. These applications mimic the functioning of the human brain and improve analytical skills by learning data. 3) Cognitive Interaction Deploy intelligent agents and natural language processing discussion robots to perform hyper-personalized interactions. These apps can recognize voice commands, respond to messages, and take effective action effectively.
Cognitive Computing dates back to late 19th century when George Boole and Charles Babbage coined the term “Analytical engine”. Until then, several revisions have been made to artificial intelligence leading to a notable development on May 11, 1997, IBM’s Deep Blue exploded the research in AI, until 2011, when IBM pioneered into cognitive computing and launched its first very platform, Watson.
Global Cognitive Computing Market is segmented on the basis of technology, industry, deployment and application. On the basis of technology, the market is segmented into machine learning, automated reasoning, information retrieval, natural language processing and others. On the basis of industry, market is segmented into BFSI, energy, healthcare, government, IT, telecom, manufacturing, transportation, education, agriculture and others. On the basis of deployment, the market is segmented into cloud-based and on-premise. On the basis of application, the market is segmented into farms mechanization, robot functioning, social media management, eLearning, cyber privacy, video surveillance, automated cars, supply chain monitoring and others.
The regions covered in this Cognitive Computing market report are North America, Europe, Asia Pacific and rest of the World. On the basis of country level, market of Cognitive Computing is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.
Cognitive Computing Companies-
Cognitive Computing Market report covers major key players in the market like,
Nuance Communications Inc.
HP Enterprise Development LP
Global Cognitive Computing Market Dynamics-
Rapid technological advancements, growing advent of digitization and adoption of automated business processes, surging requirement of managing large-scale complex data, rising adoption of cloud-based services and technologies like Big Data, AI, ML in businesses are the major factors for driving the growth of Global Cognitive Computing Market. As per the information revealed through 2018 IDG Cloud Computing study, around 76.82% of the business enterprises use at least one application or service that is on a cloud platform, the investment in which has been expected to cross USD 3.8 million in coming years. Large accomplishments are being done by major companies to promote Cognitive Computing. For instance, IBM, with the inception of its powerful cognitive computing platform Watson, combined machine learning and human intelligence in real-time physical world during Wimbledon Tennis Championship 2015, to provide an overview of major events during the match. Moreover, increased need for high speed computing and utilisation of new technologies to make efficient business intelligence decisions, reasonably low cost of cognitive platforms on account of a vast deployment of cloud-based services, and growing concern over saving operational costs are other key factors driving the market growth.
However, lack of technological expertise accompanied with an improper knowledge about technical handlings of cognitive computing in some SMEs, and privacy concerns over safeguarding data are some of the factors that might act as a restraining factor for the market growth.
There is a spiking increase in the benefits catered by cognitive computing to healthcare industry, where it is used to provide world-class healthcare facilities with the help of mobile analytics and automated services. For example, Hangzhou Cognitive Care in China, extends its services to rural-based oncologists who use it to tap valuable cancer specialist surgeons and their consultancies who are, otherwise, inaccessible for the people belonging in the region. Healthcare industry has a huge untapped and under-utilized potential which is expected to provide lucrative opportunities for Cognitive computing market.
North America is expected to remain a dominant region in the Global Cognitive Computing Market.
North America is the dominant region in the market with the largest share of the global Cognitive Computing market, the region is experiencing major developments in the market. The factors driving the growth are the continued development of advanced technologies in the region and the increment in the number of cognitive computing market participants. Businesses of all sizes are under pressure to manage large amounts of data due to which, companies are focusing on integrating AI and ML functions through cognitive IT solutions in the cloud. Asia Pacific region is expected to grow at a moderate rate, as the rapid growth of cloud-based services among SMEs paves the way for the growth of the cognitive computing market in the region. Moreover, countries like China are having an occupancy of leading ranks into adoption of cognitive services. As per IEEE publications, China has grown to nearly 27.68% in 2017 in the cognitive computing adoption, and has been ranked second, just after USA, in terms of cognitive functioning enterprises, reaching to a number of 1011. China’s goal is to expand the industry to USD 150.8 billion by 2030, due to which it encounters tremendous investments for the development of cognitive computing market.
Key Benefits of Global Cognitive Computing Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Cognitive Computing Market Segmentation: –
By Technology: Machine learning, Automated reasoning, Information retrieval, Natural language processing
By Industry: BFSI, Energy, Healthcare, Government, IT & Telecom, Manufacturing, Transportation, Education, Agriculture
By deployment: On-premise, Cloud
By Application: Farms Mechanization, Robot functioning, Social media management, E-Learning, Cyber privacy, Video surveillance, Automated cars, Supply chain monitoring
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Key Objectives of Cognitive Computing Market Report:
– Study of the annual revenues and market developments of the major players that supply Cognitive Computing
– Analysis of the demand for Cognitive Computing by component
– Assessment of future trends and growth of architecture in the Cognitive Computing market
– Assessment of the Cognitive Computing market with respect to the type of application
– Study of the market trends in various regions and countries, by component, of the Cognitive Computing market
– Study of contracts and developments related to the Cognitive Computing market by key players across different regions
– Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying Cognitive Computing across the globe.
This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.
Chapter 1: Cognitive Computing Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Cognitive Computing Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Cognitive Computing.
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Cognitive Computing.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Cognitive Computing by Regions (2020 to 2026).
Chapter 6: Cognitive Computing Production, Consumption, Export and Import by Regions (2020 to 2026).
Chapter 7: Cognitive Computing Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Cognitive Computing.
Chapter 9: Cognitive Computing Market Analysis and Forecast by Type and Application (2020 to 2026).
Chapter 10: Market Analysis and Forecast by Regions (2020 to 2026).
Chapter 11: Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Market Conclusion of the Whole Report.
Chapter 13: Appendix Such as Methodology and Data Resources of This Research.
Reasons to Purchase this Cognitive Computing Report:
* Current and future of global Cognitive Computing market outlook in the developed and emerging markets
* The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
* Regions/Countries that are expected to witness the fastest growth rates during the forecast period
* The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
* All segmentation provided above in this report is represented at country level
* All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
you can also get individual chapter wise section or region wise report versions like North America, Europe, or Asia Etc.
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