Cognitive Cloud Market Research Report- Global Forecast 2027

Cognitive Cloud Market, By Technology (NLP, Machine Learning, Automated Reasoning), By Service (Managed, Professional), By End User (SMEs, Large Enterprises) and By Vertical - Forecast 2027

ID: MRFR/ICT/2954-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis of Cognitive Cloud Market:


Market Scenario:


Major giants like IBM Corporation and Google are investing into cognitive cloud market owing to the increasing demand from various industry verticals like healthcare, retail, corporate, government among others. Increasing adoption of internet of things is one major factor fueling the growth of cognitive cloud market. CognitiveScale runs its cognitive clouds on IBM Watsons Bluemix in order to provide insights into the business processes and applications. It offers complete transparency while maintaining data security. Cognitive cloud helps in effectively using information and in turn driving the overall growth of the organization.


North America region holds the largest market share of global cognitive cloud market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for internet of things and growing demand for cloud platforms for building and managing applications in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.


Cognitive cloud market has been segmented on the basis of technology, service, end user and vertical. The vertical segment is further bifurcated into BFSI, healthcare, consumer electronics & retail, education & retail, IT & telecommunication, travel & tourism, aerospace & defense, oil & gas and others. Out of which retail and healthcare verticals are expected to grow at a significant rate during the forecast period. In healthcare, cognitive cloud helps in gathering all the available information and integrating that data with patient information which in turn helps in providing more personalized services. Cognitive cloud also helps in making healthcare cost efficient.


Major factor driving the growth of cognitive cloud market is the increasing demand for content personalization. Increasing demand for real time data analysis is another factor driving the growth of cognitive cloud market.


The global cognitive cloud market is expected to grow at approx. USD 3.42 Billion by 2023, at 16% of CAGR between 2017 and 2023.


Cognitive Cloud Market


Cognitive Cloud Market 


Key Players:


The prominent players in cognitive cloud market are – Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Spark Cognition, Inc. (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.) and others.


Segments:


Cognitive cloud market can be segmented on the basis of following:


By Technology

  • Natural Language Processing

  • Machine Learning

  • Automated Reasoning

  • Others


By Service

  • Managed Service

  • Professional Service


By End User

  • SMEs

  • Large Enterprises


By Vertical

  • BFSI

  • Healthcare

  • Consumer Electronics & Retail

  • Education & Retail

  • IT & Telecommunication

  • Travel & Tourism

  • Aerospace & Defense

  • Oil & Gas

  • Others 


Regional Analysis:


The regional analysis of cognitive cloud market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in cognitive cloud market in North America is attributed to technical advancements and increasing need for real time analysis of massive and diversified data in that region.


Intended Audience



  • Technology Investors

  • Research/Consultancy Firms

  • Infrastructure Providers

  • OEM technology solution providers

  • Cloud solution provider

  • System Integrators

  • External Service Providers (ESPs)

  • Consumers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3.42 Billion (2023)
  CAGR   16% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Spark Cognition, Inc. (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.)
  Key Market Opportunities   The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for internet of things and growing demand for cloud platforms for building and managing applications in the region.
  Key Market Drivers   Major factor driving the growth of cognitive cloud market is the increasing demand for content personalization. Increasing demand for real time data analysis is another factor driving the growth of cognitive cloud market.


Frequently Asked Questions (FAQ) :


Major giants like IBM Corporation and Google are investing in the cognitive cloud market because of swelling demand from various industry verticals of healthcare, retail, corporate, government.

The mounting adoption of the internet of things is one significant factor fueling the growth of the cognitive cloud market.

North America holds the largest market share of the global cognitive cloud market.

The market will be achieving a valuation of USD 3.42 Billion by 2023.

The market will be growing at 6% of CAGR during the forecast period.

TABLE OF CONTENTS


1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE


2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION


3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS


4 EXECUTIVE SUMMARY


5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS


6 COGNITIVE CLOUD MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TECHNOLOGY

6.2.1.1 NATURAL LANGUAGE PROCESSING

6.2.1.2 MACHINE LEARNING

6.2.1.1 AUTOMATED REASONING

6.2.1.2 OTHERS

6.2.2 BY SERVICE

6.2.2.1 MANAGED SERVICE

6.2.2.2 PROFESSIONAL SERVICE

6.2.3 BY END USER

6.2.3.1 SMES

6.2.3.2 LARGE ENTERPRISES

6.2.4 BY VERTICAL

6.2.4.1 BFSI

6.2.4.2 HEALTHCARE

6.2.4.3 CONSUMER ELECTRONICS & RETAIL

6.2.4.4 EDUCATION & RETAIL

6.2.4.5 IT & TELECOMMUNICATION

6.2.4.6 TRAVEL & TOURISM

6.2.4.7 AEROSPACE & DEFENSE

6.2.4.8 OIL & GAS

6.2.4.9 OTHERS

6.2.5 BY REGION

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA-PACIFIC

6.2.5.4 REST OF THE WORLD


7 COMPETITIVE ANALYSIS




MARKET SHARE ANALYSIS








COMPANY PROFILES


GOOGLE, INC. (U.S.)

IBM CORPORATION (U.S.)

MICROSOFT CORPORATION (U.S.)

SPARK COGNITION, INC. (U.S.)

COGNITIVESCALE (U.S.)

ENTERRA SOLUTIONS LLC (U.S.)

NUMENTA (U.S.)

VICARIOUS (U.S.)

SAFFRON TECHNOLOGY (U.S.)

COLDLIGHT SOLUTIONS (U.S.)

OTHERS
















LIST OF TABLES


TABLE 1 COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 2 COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 3 COGNITIVE CLOUD MARKET, BY END USER

TABLE 4 COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 5 COGNITIVE CLOUD MARKET, BY REGIONS

TABLE 6 NORTH AMERICA COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 7 NORTH AMERICA COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 8 NORTH AMERICA COGNITIVE CLOUD MARKET, BY END USER

TABLE 9 NORTH AMERICA COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 10 U.S. COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 11 U.S. COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 12 U.S. COGNITIVE CLOUD MARKET, BY END USER

TABLE 13 U.S. COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 14 CANADA COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 15 CANADA COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 16 CANADA COGNITIVE CLOUD MARKET, BY END USER

TABLE 17 CANADA COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 18 GERMANY COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 19 GERMANY COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 20 GERMANY COGNITIVE CLOUD MARKET, BY END USER

TABLE 21 GERMANY COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 22 U.K. COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 23 U.K. COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 24 U.K. COGNITIVE CLOUD MARKET, BY END USER

TABLE 25 U.K. COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 26 EUROPE COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 27 EUROPE COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 28 EUROPE COGNITIVE CLOUD MARKET, BY END USER

TABLE 29 EUROPE COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 30 FRANCE COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 31 FRANCE COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 32 FRANCE COGNITIVE CLOUD MARKET, BY END USER

TABLE 33 FRANCE COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 34 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 35 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 36 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY END USER

TABLE 37 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY VERTICAL

TABLE 38 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY TECHNOLOGY

TABLE 39 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY SERVICE

TABLE 40 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY END USER

TABLE 41 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY VERTICAL

LIST OF FIGURES


FIGURE 1 RESEARCH TYPE

FIGURE 2 COGNITIVE CLOUD MARKET, BY TECHNOLOGY (%)

FIGURE 3 COGNITIVE CLOUD MARKET, BY SERVICE (%)

FIGURE 4 COGNITIVE CLOUD MARKET, BY END USER (%)

FIGURE 5 COGNITIVE CLOUD MARKET, BY VERTICAL (%)

FIGURE 6 COGNITIVE CLOUD MARKET, BY REGIONS (%)

FIGURE 7 NORTH AMERICA COGNITIVE CLOUD MARKET, BY TECHNOLOGY (%)

FIGURE 8 NORTH AMERICA COGNITIVE CLOUD MARKET, BY SERVICE (%)

FIGURE 9 NORTH AMERICA COGNITIVE CLOUD MARKET, BY END USER (%)

FIGURE 10 NORTH AMERICA COGNITIVE CLOUD MARKET, BY VERTICAL (%)

FIGURE 11 EUROPE COGNITIVE CLOUD MARKET, BY TECHNOLOGY (%)

FIGURE 12 EUROPE COGNITIVE CLOUD MARKET, BY SERVICE (%)

FIGURE 13 EUROPE COGNITIVE CLOUD MARKET, BY END USER (%)

FIGURE 14 EUROPE COGNITIVE CLOUD MARKET, BY VERTICAL (%)

FIGURE 15 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY TECHNOLOGY (%)

FIGURE 16 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY SERVICE (%)

FIGURE 17 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY END USER (%)

FIGURE 18 ASIA-PACIFIC COGNITIVE CLOUD MARKET, BY VERTICAL (%)

FIGURE 19 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY TECHNOLOGY (%)

FIGURE 20 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY SERVICE (%)

FIGURE 21 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY END USER (%)

FIGURE 22 REST OF THE WORLD COGNITIVE CLOUD MARKET, BY VERTICAL (%)