Cognitive Computing Technology market is expected to reach approximately USD 25 billion by 2023

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Cognitive Computing Technology Market Research Report.

Press Release Content:

Market Research Future (MRFR) announces the publication of its half-cooked research report – global cognitive computing technology market 2017-2023

According to the analysis of Market Research Future, the global cognitive computing technology market is expected to register a CAGR of 35% over the forecast period, 2017-2023.

According to Market Research Future, the global cognitive computing technology market has been segmented into the technology, organization size, end-user, deployment, and region

By Technology, the market is segmented into natural language processing (NLP), machine learning, automated reasoning, and others. On the basis of organization size, the market is segmented into small and medium enterprise, and large enterprise. Among these, two organization categories, the large enterprises are expected to invest a huge amount in the cognitive computing market. However, due to extensive adoption of cloud services, small and medium enterprises also tend to indulge in the global cognitive computing market.

On the basis of end-user, the market is segmented into banking & financial service, retail, aerospace & defense, IT & telecommunication, energy & power, automotive & transportation, and others. In the area of IT & Telecommunication, cognitive solutions are built to expand, accelerate, and, increase expertise within the industry. The data flowing within the sector is increasing rapidly, causing the system to break down. Cognitive computing solution helps in maintaining the data loads thereby reducing the operation to a fraction of the time, and with much higher reliability.

On the basis of deployment, the market is segmented into on-premises, on-cloud. The deployment model always carries a question on security and pricing. The organizations that are more focused towards the safety tend to use more of on-premise deployment whereas, regarding pricing, the cloud deployment is feasible. The cognitive computing helps the enterprises to stay competitive and drive revenue. It benefits organizations by identifying device malfunction and determine the best course of remedial action.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.

Global Cognitive Computing Technology Market, USD Billion

Source: MRFR Analysis

Key Players

Some of the major players in global cognitive computing technology market include Qualcomm (U.S.), Nvidia Corporation (U.S.), Apple, Inc (U.S.), Samsung Electronics (South Korea), Renesas Mobile Corporation (Japan), Broadcom Corporation (U.S.), MediaTek Inc (Taiwan), Huawei Technologies Co., Ltd (China), Intel Corporation (U.S.), Advanced Micro Devices, Inc (U.S.), Allwinner Technology (China), Texas Instruments (U.S.), among others.

Other vendors include ST-Ericsson (Switzerland), NXP Semiconductor N.V. (The Netherlands), HTC Corporation (Taiwan), Lenovo Group Ltd (China), ZTE Corporation (China), Realtek Semiconductor Corp (Taiwan), Fairchild Semiconductor (U.S.), ON Semiconductor (U.S.), Vishay Intertechnology, Inc (U.S.), Infineon Technologies AG (Germany), STMicroelectronics (France), Atmel Corporation (U.S.), Analog Devices, Inc (U.S.) among others.