The cognitive system replaces the human thought process with a simulated digital model. It encompasses technologies such as machine learning, automated reasoning, natural language processing, and others, which are used in translating unstructured data to sense, infer, and predict the best solution. Growing usage of artificial intelligence in various industry verticals and constant advancement in data processing technology are the major factors propelling the growth of the cognitive systems market.
MARKET DYNAMICS
Developments of a machine to machine (M2M) technologies, an increase in demand for big data analytics, and a rise in demand for better customer experience is the significant factor boosting the growth of the cognitive systems market. However, security issues, lack of skilled labor, and complex learning may restraint the growth of the cognitive systems market. Moreover, the emergence of smarter robots and emotion detection systems, increasing unstructured data, and growing demand for predictive analytics are expected to influence the growth of the cognitive systems market.
MARKET SCOPE
The Global Cognitive Systems Market Analysis to 2028? is a specialized and in-depth study of the Cognitive systems industry with a special focus on the global market trend analysis. The report aims to provide an overview Cognitive systems market with detailed market segmentation as component, technology, enterprise size, deployment type, end-user, and geography. The global cognitive systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cognitive systems market players and offers key trends and opportunities in the cognitive systems market.
MARKET SEGMENTATION
The global cognitive systems market is segmented on the basis of component, technology, enterprise size, deployment type, end-user. On the basis of component the market is segmented as solution, services. On the basis of technology the market is segmented as machine learning, natural language processing, automated reasoning, others. On the basis of enterprise size the market is segmented as small and medium enterprises, large enterprises. On the basis of deployment type the market is segmented as cloud, on-premise. On the basis of end-user the market is segmented as BFSI, healthcare, retail, it and telecommunication, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cognitive systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cognitive systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cognitive systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the cognitive systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the cognitive systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cognitive systems market are anticipated to lucrative growth opportunities in the future with the rising demand for cognitive systems in the global market. Below mentioned is the list of few companies engaged in the cognitive systems market.
The report also includes the profiles of key cognitive systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accenture
- Alteryx Inc.
- Attivio
- Cognizant
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- SYNECHRON
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