Global Cognitive
Computing Market: Overview
Data analysis can
yield dramatic and yet highly dependable results. In recent times,
almost every organization, big or small, is resorting to computation
for certain kind in order to enhance their production efficiency,
meet the demand coming from consumers, and counter the challenge
posed by local and global competitors. Cognitive computing relates to
next stage of data analysis wherein it not only crunches all the
available data to make a response, it also continuously evolves
itself in order to provide more accurate responses. Cognitive
computing systems are a combination of software and hardware that has
the ability to collect and process information on a real-time basis
and formulate an orderly judgment. With the emergence of the Internet
of Things (IoT) and cloud computing, the amount of data obtained by
organizations is humongous, which in turn is expected to escalate the
demand in the global cognitive computing market.
This report on the
global market for cognitive computing has been developed using proven
research methodologies and aspires to serve as a credible business
document for the stakeholders of this market. It provides an in-depth
analysis of all the factors that may influence the demand in
cognitive computing market and estimates the future scenario until
2025. Several leading vendors operating in this market have also been
profiled in order to represent the competitive landscape and
opportunities available for new entrants.
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Application-wise,
the global cognitive computing market has been segmented into
diagnostic application programing interface (API), farm
mechanization, cyber security, robots, gaming, video surveillance,
social media monitoring, self-driving cars, eLearning, IT
Infrastructure, supply chain management, and others. On the basis of
deployment type, the market for cognitive computing is categorized
into on-premise and cloud. By end-use industry, the report bifurcates
the market into banking, financial service and insurance (BFSI),
healthcare, energy and utility, IT and telecom, aerospace and
defense, retail, agriculture, government, transportation, education,
media and entertainment, and others such as human resources (HR) and
marketing and PR. End-user of cognitive computing market are large
enterprises, small and medium enterprises (SMEs), and public sector.
Geographically, the report studies the potential of cognitive
computing market in the regions of North America, Europe, Asia
Pacific, the Middle East and Africa, and South America.
Global Cognitive
Computing Market: Trends and Opportunities
Increasing volume of
complex data that is essential for the proper functioning of an
organization is the primary driver of this market. Organizations now
depend on data such as human language, pictures, and videos to make
more informed business decisions and cognitive analytic technologies
such as machine learning and NLP aids them in achieving the desired
results. The report also expected the increasing internet speed will
further escalate the demand for cognitive computing in order to
manage the explosion of data in the form of text, images, videos, and
others.
In terms of
deployment type, the cloud segment served the maximum demand in 2016
and is expected to remain maximum revenue generator throughout the
forecast period, which is attributed to rising level of digitization
and growing adoption of cloud computing technologies.
Application-wise, healthcare industry presents maximum demand for
cognitive computing, although the sectors of retail and BFSI are
consistently incrementing the demand.
Global Cognitive
Computing Market: Regional Outlook
North America
currently serves the maximum demand for cognitive computing, owing to
high adoption rate of new technology and financial strength of
developed countries such as the U.S. and Canada. The automotive
sector drives the demand from North America. Europe and Asia Pacific
are other two lucrative regions that are expected to increment the
demand substantially during the forecast period.
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Companies
mentioned in the research report
Some of the leading
compaies operating the global congnitive computing market are Hewlett
Packard Enterprise, Cisco Systems, Inc., IBM Corporation, Accenture,
Inc., Microsoft Corporation, Flatiron Health, Inc., SparkCognition,
Digital Reasoning Systems, Google, Inc., and Narrative Science.
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