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Global Cognitive Computing Market By Component (Platform & Service), By Deployment Mode (Hybrid, Cloud, Others), By Technology (NLP, ML, Others), By Business Functions, By Application, By Region, Forecast & Opportunities to 2026

The global cognitive computing market accounted for a value of USD 18.4 billion in 2019 and is projected to register growth at a CAGR of 27.1% during forecast period.

COVID-19 has impacted the cognitive computing market. The major industries across the world have to halt or shift its culture to work from home due to lockdown. The adoption of different software is increasing across the world for smooth functioning. The cognitive computing largely helps in analyzing large volume of data and enables smooth functioning of organizations and with work from home culture the adoption of cognitive computing is declining. The growth of this market is likely to be sluggish due to pandemic.

Definition:

The cognitive computing referred to new hardware or software that mimics the functioning of human brain and helps to improve human decision making. The cognitive computing is new type of computing with the goal of more of more accurate models of human brain and how it senses and responds to stimulus.

Market Dynamics (Drivers/Opportunities):

The concern for analyze large volume of data to estimate the risk associated with strategic initiative is increasing among major organizations. The industries such as retail, healthcare and financial industries are adopting cognitive computing to analyze large volumes of data optimally on a real-time basis. This increases growth in cognitive computing market during forecast period.

Technological advancement is increasing in this region and the adoption of innovative techniques such as automated reasoning and machine learning is increasing across many companies. The use of big data, automated reasoning and machine learning is increasing widely. The artificial intelligence segment is gaining momentum and this boosts market for cognitive computing during forecast period.

Market Insights, by Deployment Mode

On the basis of deployment mode, the cognitive computing market is segmented into on-premise, hybrid and cloud. The hybrid segment is estimated to grow at highest CAGR during forecast period. The major player in cognitive computing market offers hybrid based cognitive solutions to maximize profitability. It helps in effectively automate the equipment maintenance process. The adoption of hybrid based cognitive solutions is increasing as it offers benefits such as agility, cost-effectiveness, scalability, easy maintenance of generated data and flexibility. Hybrid cognitive solutions help overcome complexities in organizations. This increases demand and adoption of hybrid deployment and drives growth in this segment during forecast period.

Market Insights, by Business Functions  

On the basis of deployment mode, the cognitive computing market is segmented into human resources, finance, operations, marketing & sales and others. The operations segment is estimated to grow at highest CAGR during forecast period. The cognitive computing solutions enable organizations to reduce cost and increase operational efficiencies. The adoption of cognitive computing solutions is increasing around the world. The cognitive services and solutions help in achieving the highest employee engagement and enhance operations of organizations. This drives growth in operations segment during forecast period.

Regional Insights

North America region is estimated to hold the largest market share during forecast period. The technological developments are higher in this region. The usage of internet is higher in this region and various startups are there that adopts cognitive computing widely. The companies in this region use cognitive computing solutions and services to analyze high volumes of data in order to provide better solutions. The technological advancements are widely adopted and installed in this region. This drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in cognitive computing industry are Google, Microsoft, IBM, SAS, AWS, Artificial Solutions, Numenta, Enteraa Solutions, Cognitivescale, Sparkcognition, TCS, Expert System, Cisco, Virtusa, Acuiti and E-Zest.

Segments Covered in the Report

This report forecasts The Global Cognitive Computing Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global cognitive computing market report on the basis of component, deployment mode, business functions, technology and application.

Cognitive Computing Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Cognitive Computing Market, By Component , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Platform
  • Service
  1. Cognitive Computing Market, By Deployment Mode, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • On-premise
  • Hybrid
  • Cloud
  1. Cognitive Computing Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Machine Learning
  • Human Computer Interaction
  • Deep Learning
  • National Language Processing
  1. Cognitive Computing Market, By Business Function, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Human Resources
  • Finance
  • Operations
  • Marketing & Sales
  • Others
  1. Cognitive Computing Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Biometrics
  • Automation
  • Behavioral Analysis
  • Intelligent Virtual Assistants
  • Others
  1. Cognitive Computing Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Component
    • By Deployment Mode
    • By Technology
    • By Business Function
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Component
      • By Deployment Mode
      • By Technology
      • By Business Function
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Component
        • By Deployment Mode
        • By Technology
        • By Business Function
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Component
          • By Deployment Mode
          • By Technology
          • By Business Function
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Component
            • By Deployment Mode
            • By Technology
            • By Business Function
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Cisco
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Google
    • Microsoft
    • IBM
    • SAS
    • AWS
    • Artificial Deployment Modes
    • Numenta
    • Enteraa Deployment Modes
    • Cognitivescale
    • Sparkcognition
    • TCS
    • Expert System
    • Virtusa
    • Acuiti
    • E-Zest.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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