Global Cognitive Computing Market Size, Trends & Growth Opportunity By Technology (Automated Reasoning, Machine Learning, Natural Language Processing, and Others), By Deployment Size (Small and medium Enterprises, Large Enterprises), By Deployment (On-Premise, Cloud), By Industry Vertical (BFSI, Healthcare, Retail, Government, IT & Telecommunication, Energy & Power), By Region and Forecast till 2027
Report ID : IR10094 | Industries : Energy & Power | Published On :May 2024 | Page Count : 245
Global Cognitive Computing Market Size, Trends & Growth Opportunity By Technology (Automated Reasoning, Machine Learning, Natural Language Processing, and Others), By Deployment Size (Small and medium Enterprises, Large Enterprises), By Deployment (On-Premise, Cloud), By Industry Vertical (BFSI, Healthcare, Retail, Government, IT & Telecommunication, Energy & Power), By Region and Forecast till 2027
Market Overview
Global Cognitive Computing Market was valued at USD 8.68 billion in 2021 which is expected to reach at USD 76.88 billion by 2027 at a CAGR 42.98% from 2022-2027.
The hardware and software components of cognitive computing are Natural Language Processing (NLP) and machine language. The ability to gather, process, and interpret organisational data is a feature of cognitive computing. These systems function similarly to human brains. Technology foundations for cognitive computing include Automated Reasoning, Machine Learning, Natural Language Processing, and others.
Market Drivers
The growth of the global cognitive and computing markets is anticipated to be aided by an increase in demand for cognitive systems among large enterprises. Additionally, the growth of the global market for cognitive computing will be positively impacted by the increase in technological innovation and advancement. Additionally, the growth of the global market for cognitive computing is anticipated to be fueled by an increase in the use of big data, automated reasoning, and machine learning. Additionally, the development of the Internet of Things (IoT) will drive the global market for cognitive computing.
Market Restraints
However, the development of the global market for cognitive computing is anticipated to be hampered by a lack of awareness among small and medium-sized businesses in developed nations. The COVID 19 Pandemic will also hinder the expansion of the global market for cognitive computing. Since COVID 19 is a global crisis, an increase in COVID 19 patients is predicted to impede the growth of several markets, including ICT.
Market Segmentation
Global Cognitive Computing Market is segmented into technology such as Automated Reasoning, Machine Learning, Natural Language Processing, and Others, by deployment size such as Small and medium Enterprises, and Large Enterprises, by deployment such as On-Premise, and Cloud. Further, Global Cognitive Computing Market is segmented into industry vertical such as BFSI, Healthcare, Retail, Government, IT & Telecommunication, Energy & Power, and Others.
Also, Global Cognitive Computing Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The industry was dominated by North America. The rapid adoption of integrated cloud platforms and the emergence of new business models are credited with this growth. The importance of data security is likely to be promoted by strong government policies in the United States and Canada, hastening the implementation of these systems in the region. During the assessment period, the Asia Pacific is anticipated to grow at the fastest rate. Some positives have boded well for the regional outlook, including the skyrocketing internet penetration and the growing number of startups in India, China, Australia, and Japan.
Market Key Players
Various key players are discussed in this report such as Tibco Software Inc, SAS Institute Inc., SAP SE, Oracle Corporation, Nuance Communications Inc., Microsoft Corporation, International Business Machines Corporation, Hewlett Packard Enterprise Development LP, Google LLC , and 3M Company.
Market Taxonomy
By Technology
• Automated Reasoning
• Machine Learning
• Natural Language Processing
• Others
By Enterprise Size
• Small and medium Enterprises
• Large Enterprises
By Deployment
• On-Premise
• Cloud
By Industrial Vertical
• BFSI
• Healthcare
• Retail
• Government
• IT & Telecommunication
• Energy & Power
• Other s
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Cognitive Computing Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cognitive Computing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cognitive Computing Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Cognitive Computing Market Share Analysis, By Technology
5.3 Global Cognitive Computing Market Size and Forecast, By Technology
5.3.1 Automated reasoning
5.3.2 Machine learning
5.3.3 Natural language Processing
5.3.4 Others
6 Global Cognitive Computing Market, By Enterprise Size
6.1 Y-o-Y Growth Comparison, By Enterprise Size
6.2 Global Cognitive Computing Market Share Analysis, By Enterprise Size
6.3 Global Cognitive Computing Market Size and Forecast, By Enterprise Size
6.3.1 Small & Medium Size Enterprises
6.3.2 Large Enterprises
7 Global Liquid Packaging Bag Market, By Deployment
7.1 Y-o-Y Growth Comparison, By Deployment
7.2 Global Cognitive Computing Market Share Analysis, By Deployment
7.3 Global Cognitive Computing Market Size and Forecast, By Deployment
7.3.1 On-Premise
7.3.2 Cloud
8 Global Liquid Packaging Bag Market, By Industrial Vertical
8.1 Y-o-Y Growth Comparison, By Industrial Vertical
8.2 Global Cognitive Computing Market Share Analysis, By Industrial Vertical
8.3 Global Cognitive Computing Market Size and Forecast, By Industrial Vertical
8.3.1 BFSI
8.3.2 Healthcare
8.3.3 Retail
8.3.4Government
8.3.5IT & Telecommunication
8.3.6Energy & Power
8.3.7 Others
9Global Liquid Packaging Bag Market, By Region
9.1 Global Cognitive Computing Market Share Analysis, By Region
9.2 Global Cognitive Computing Market Share Analysis, By Region
9.3 Global Cognitive Computing Market Size and Forecast, By Region
10 North America Liquid Packaging Bag Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 North America Cognitive Computing Market Share Analysis, By Technology
10.3 North America Cognitive Computing Market Size and Forecast, By Enterprise Size
10.4 North America Cognitive Computing Market Size and Forecast, By Deployment
10.5 North America Cognitive Computing Market Size and Forecast, By Industrial Vertical
10.6 North America Cognitive Computing Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11Europe Liquid Packaging Bag Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Europe Cognitive Computing Market Share Analysis, By Technology
11.3 Europe Cognitive Computing Market Size and Forecast, By Enterprise Size
11.4 Europe Cognitive Computing Market Size and Forecast, By Deployment
11.5 Europe Cognitive Computing Market Size and Forecast, By Industrial Vertical
11.6 Europe Cognitive Computing Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12Asia Pacific Liquid Packaging Bag Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Asia Pacific Cognitive Computing Market Share Analysis, By Technology
12.3 Asia Pacific Cognitive Computing Market Size and Forecast, By Enterprise Size
12.4 Asia Pacific Cognitive Computing Market Size and Forecast, By Deployment
12.5 Asia Pacific Cognitive Computing Market Size and Forecast, By Industrial Vertical
12.6 Asia Pacific Cognitive Computing Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Liquid Packaging Bag Market Analysis and Forecast (2017 – 2027)
13.1 Introduction
13.2 Latin America Cognitive Computing Market Share Analysis, By Technology
13.3 Latin America Cognitive Computing Market Size and Forecast, By Enterprise Size
13.4 Latin America Cognitive Computing Market Size and Forecast, By Deployment
13.5 Latin America Cognitive Computing Market Size and Forecast, By Industrial Vertical
13.6 Latin America Cognitive Computing Market Size and Forecast, By Country
14Middle East Liquid Packaging Bag Market Analysis and Forecast (2017 – 2027)
14.1 Introduction
14.2 Middle East Cognitive Computing Market Share Analysis, By Technology
14.3 Middle East Cognitive Computing Market Size and Forecast, By Enterprise Size
14.4 Middle East Cognitive Computing Market Size and Forecast, By Deployment
14.5 Middle East Cognitive Computing Market Size and Forecast, By Industrial Vertical
14.6 Middle East Cognitive Computing Market Size and Forecast, By Country
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1 Tibco Software Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 SAS Institute Inc
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 SAP SE
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Oracle Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Nuance Communications Inc
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Microsoft Corporation
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 International Business Machines Corporation
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Hewlett Packard Enterprise Development LP
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Google LLC
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 3 M Company
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies