Cognitive Computing Technology Market Technology, Type and Vertical | Cognitive Computing Marketing Technology | Market Research Future

Global Cognitive Computing Technology Market: Technology (NLP, Machine Learning, Automated Reasoning), Deployment (Cloud, On-Premise), Organization Size (SME, Large Enterprise), End-User (BFSI, Retail, Aerospace & Defense) – Forecast till 2027

ID: MRFR/ICT/1004-HCR | February 2021 | Region: Global | 110 pages

Market Overview:


Computers have advanced to a level where they have now developed the ability to understand and perform human functions appropriately by developing stimulus algorithms using specialized algorithms and artificial the intelligence of the unstructured data. The major benefit because of which Cognitive Computing Technology Market is that it can work on raw, unstructured that, need no special algorithms or human intervention are required to link similar data in form of documents, media in computer understandable format. Cognitive Computing Technology Market deals with the human interactive form of solving computational problems by understanding and analyzing patterns that cannot be altered by normal human calculations.


The vast use of big data, natural language processing, artificial intelligence, logistic understanding, and cloud computing Cognitive Computing Technology paved its way into today’s world of data. With more than 80 billion user’s data added in the past 5 years to the cloud of various industries like retail, corporate, healthcare, media, and many more. 


COVID-19 Analysis:


Covid-19 originated in Wuhan, China, and spread like wildfire in the world without any prior indication and changed the lives of people around the world. The virus objected to the loss in terms of human life as well as the world’s economy dropping to a considerate amount. The Cognitive Computing Technology Market segment has proven to be beneficial in COVID-19 times in analyzing the patient data used y hospitals to maintain a repository that helped in keeping track of vital patients and containing the virus locally and globally. Keeping a track of people traveling across the world and maintaining an inventory of travel history and virus-affected people made healthcare departments in coordination with the government come to a reasonable and feasible solution about how to contain the virus. Artificial intelligence played a vital role in influencing the raw data collected by making Cognitive Computing easier by segregating it. 


Market Dynamics:


Opportunities:


Cognitive Computing Technology Market Size grew mainly because it was familiar with using unstructured or raw data to analyze the future dynamics of the industry. There were no special algorithms defined to separate the related data or documents thus making it easier for many industries to use cognitive computing with artificial intelligence and get desired results. IBM’s Watson made a statement the proved to be right when dealing with Cognitive Computing Technology is that ‘ it’s self-repairing and learning technology, which means that Cognitive Computing can surpass the current dynamics of artificial intelligence as it can learn and understand unrelated and unstructured human language, images, voice commands and extract meaningful insights out of, giving rise to more job opportunities in data science fields. 


Challenges:


The Major Challenge Cognitive Computing Technology faces that it requires time to time human inputs or interaction to keep the data availability continuous. The objective of Cognitive Computing Technology is to have the ability to think and process information like humans and give appropriate results but to reach this level of understanding Cognitive Computing Technology is lagging far behind and can create errors while understanding simple problems like simple images. Developers are working in collaborating the algorithms of deep learning, machine learning, and artificial intelligence to work effectively with Cognitive Computing to understand the human mind better and faster.  


Technology Analysis:


Cognitive Computing Technology Market Analysis is expected to revolutionize the world of cloud computing by introducing the accuracy in process automation in terms of high unstructured data volume. Using artificial intelligence, identifying patterns of the data and simplifying the process to examine this data, and reducing the risk of changing analytical data. It provides accurate data analysis by using cognitive computing to deal with more customer interactions using smart devices. Cognitive Computing Technology improves customer satisfaction by providing relevant and valuable information. Appropriate security arrangements are also part of Cognitive Computing in form of data encryption in form of the firewall to track and identify any threats and maintain data integrity. Cognitive Computing Technology has shown sustainable growth in the last decade by involving more companies in adapting to artificial intelligence and machine learning to extract customer data and extracting value from it. 


Segment Overview:


By Technology:


Cognitive Computing Technology is segmented as Artificial Intelligence, Deep Learning, Machine Learning, Natural Language Processing (NLP) by Technology. Cognitive Computing is the basis of all the other technologies due to its ability to translate and analyze unstructured data in any form i.e. media, pictures, texts, documents, etc.


By Type:


Cognitive Computing Technology can be segmented as cloud-based and on-premises (physical) based in the terms of type. With the introduction of cloud storage to reduce the physical storage price many companies like amazon, google, oracle, SAP came up with cloud computing. Data can be stored on virtual servers and can be easily accessible using ERP models to reduce the cost of storage. Physical or on-pon-premisesa computing was related to smaller enterprises where we could deduct the data growth and cost of storage is less.


By Vertical:


By vertical Cognitive Computing Technology is segmented in many industrial regions like media and entertainment, transport, healthcare, corporate and IT offices, defense, and navy. Aerospace, power plants, etc. Each field is using Cognitive Computing Technology significantly to maximize the profits out of it and minimize human error. 


Regional Analysis:


With an increasingly high volume of data being added and processed in the industrial sector artificial intelligence with Cognitive Computing Technology is on the verge of experiencing major turmoil in the data analytics field. We need more advanced technology to understand this growth and human structure to avoid ambiguity and machine-level mistakes thus storing and analyzing the unstructured data is a necessity of forthcoming time. Cognitive Computing Technology Market Report make North America at the top of its games than the other countries in coping up with the changing cloud computing technology. European countries like Germany, UK, Russia are investing more in local startups and large enterprises to meet the growth of unstructured data analysis in the world. Asia-Pacific regions like China, Japan, and India are the core developers and out-sources of the cloud technology that help provide data to enterprises to analyze and detect patterns and attract more customers. Other countries like Australia, Thailand, Myanmar are also showing expected growth to increase technology advancements in the field of Cognitive Computing Technology. 


Competitive Landscape:


With increased data and storage shows an upgrade graph of industrial growth in markets like IT, Corporate, healthcare, telecom, etc. Microsoft, Amazon, and Google are the key market players of cloud-based storage making a competitive landscape for companies to switch to cloud-based technology to reduce storage-based issues.


Major Market Players of Cognitive Computing Technology Market:



  • SparkCognition Inc (U.S.)

  • Expert System S.p.A. (Italy)

  • Microsoft Corporation (U.S.)

  • International Business Machines Corporation (U.S.)

  • Numenta (U.S.)

  • DeepMind Technologies Limited (U.K)

  • Cisco Systems, Inc (U.S.)

  • CustomerMatrix Inc (U.S.)

  • CognitiveScale (U.S.)

  • Hewlett Packard Enterprise (U.S.)


Recent Developments:


The next decade is predicted to be the global world-changing era of artificial intelligence and the Cognitive Computing Technology Market. SQL and Oracle are slowly moving to microservices and container-based storage which will gradually reduce the storage problem of the vast increasing data thus making advancement in Cognitive Computing. Kubernetes use DevOps to make cloud computing more agile by developing and testing test cases thus reducing problems and error with real-time data. IBM Watson has advanced in the healthcare department by tracking and analyzing different patients’ diseases all over the world and separating effective treatments for them.


Report Overview:


The vast use of big data, natural language processing, artificial intelligence, logistic understanding, and cloud Computing Cognitive Computing Technology paved its way into today’s world of data. The ability to process and analyze unstructured data has led to an increase in Cognitive Computing Technology Market giving the edge to artificial intelligence and machine learning a platform to rise. America, Europe, China, Japan, and India are the market leaders of Cognitive Computing Technology as per the latest forecast report of 2023.



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Frequently Asked Questions (FAQ) :


Forecast for the market, and its expansion is noted to be till 2023.

The major factors that are assisting in the growth of the cognitive computing market are directed towards advancement in cognitive computing, thus having higher adoption, improvement in computing platforms such as cloud, mobile, and data analytics and rising number of unstructured, large, and complex sets of data.

The market is being hampered by the factor of the high cost of deployment of cognitive computing systems as well as issues in concern with government and regulatory compliance.

North America is highly leading the market in terms of market share.

Europe is the region that ranks second in terms of market share in the cognitive computing market.

By Vertical Cognitive Computing Technology is segmented in many industrial regions like media and entertainment, transport, healthcare, corporate and IT offices, defense, and navy. Aerospace, power plants

The ability to process and analyze unstructured data has led to an increase in Cognitive Computing Technology Market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Bargaining power of Suppliers

4.1.5 Segment rivalry

4.2 Value Chain/Supply Chain of Global Cognitive Computing Technology Market

5 Overview of Global Cognitive Computing Technology Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Cognitive Computing Technology Market by Technology

7.1 Introduction

7.2 Natural Language Processing (NLP)

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Machine Learning

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Automated Reasoning

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Cognitive Computing Technology Market by Organization Size

8.1 Introduction

8.2 SME

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Large Enterprise

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Cognitive Computing Technology Market by End-User

9.1 Introduction

9.2 Banking & Financial Service

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Retail

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Aerospace & Defense

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 IT & Telecom

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Energy & Power

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

9.7 Automotive & Transportation

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast by Region, 2020-2027

9.8 Others

9.8.1 Market Estimates & Forecast, 2020-2027

9.8.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Cognitive Computing Technology Market by Deployment

10.1 Introduction

10.2 On-Cloud

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 On-Premise

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

10.4 Others

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Region, 2020-2027

11. Global Cognitive Computing Technology Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Technology, 2020-2027

11.2.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.2.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.5 Market Estimates & Forecast by End-User, 2020-2027

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2020-2027

11.2.6.2 Market Estimates & Forecast by Technology, 2020-2027

11.2.6.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.2.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.2.7 Mexico

11.2.7.1 Market Estimates & Forecast, 2020-2027

11.2.7.2 Market Estimates & Forecast by Technology, 2020-2027

11.2.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.7.5 Market Estimates & Forecast by End-User, 2020-2027

11.2.8 Canada

11.2.8.1 Market Estimates & Forecast, 2020-2027

11.2.8.2 Market Estimates & Forecast by Technology, 2020-2027

11.2.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.2.8.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.8.5 Market Estimates & Forecast by End-User, 2020-2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Technology, 2020-2027

11.3.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.3.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.5 Market Estimates & Forecast by End-User, 2020-2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020-2027

11.3.6.2 Market Estimates & Forecast by Technology, 2020-2027

11.3.6.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.3.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2020-2027

11.3.7.2 Market Estimates & Forecast by Technology, 2020-2027

11.3.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.7.5 Market Estimates & Forecast by End-User, 2020-2027

11.3.8 U.K

11.3.8.1 Market Estimates & Forecast, 2020-2027

11.3.8.2 Market Estimates & Forecast by Technology, 2020-2027

11.3.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.3.8.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.8.5 Market Estimates & Forecast by End-User, 2020-2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Technology, 2020-2027

11.4.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.4.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020-2027

11.4.6.2 Market Estimates & Forecast by Technology, 2020-2027

11.4.6.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.4.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020-2027

11.4.7.2 Market Estimates & Forecast by Technology, 2020-2027

11.4.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.7.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020-2027

11.4.8.2 Market Estimates & Forecast by Technology, 2020-2027

11.4.8.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.8.5 Market Estimates & Forecast by End-User, 2020-2027

11.4.9 Rest of Asia Pacific

11.4.9.1 Market Estimates & Forecast, 2020-2027

11.4.9.2 Market Estimates & Forecast by Technology, 2020-2027

11.4.9.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.4.9.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.9.5 Market Estimates & Forecast by End-User, 2020-2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Technology, 2020-2027

11.5.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.5 Market Estimates & Forecast by End-User, 2020-2027

11.5.6 The Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2020-2027

11.5.6.2 Market Estimates & Forecast by Technology, 2020-2027

11.5.6.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.5.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.6.5 Market Estimates & Forecast by End-User, 2020-2027

11.5.7 Latin Countries

11.5.7.1 Market Estimates & Forecast, 2020-2027

11.5.7.2 Market Estimates & Forecast by Technology, 2020-2027

11.5.7.3 Market Estimates & Forecast by Organization Size, 2020-2027

11.5.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.7.5 Market Estimates & Forecast by End-User, 2020-2027

12. Company Profiles

12.1 SparkCognition Inc (U.S.)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Expert System S.p.A. (Italy)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Microsoft Corporation (U.S.)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 International Business Machines Corporation (U.S.)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Numenta (U.S.)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 DeepMind Technologies Limited (U.K)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Cisco Systems, Inc (U.S.)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 CustomerMatrix Inc (U.S.)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 CognitiveScale (U.S.)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Hewlett Packard Enterprise (U.S.)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020 To 2030)

Table2 Global Cognitive Computing Technology Market: By Region, 2020-2027

Table3 North America Cognitive Computing Technology Market: By Country, 2020-2027

Table4 Europe Cognitive Computing Technology Market: By Country, 2020-2027

Table5 Asia Pacific Cognitive Computing Technology Market: By Country, 2020-2027

Table6 The Middle East & Africa Cognitive Computing Technology Market: By Country, 2020-2027

Table7 Latin America Cognitive Computing Technology Market: By Country, 2020-2027

Table8 Global Cognitive Computing Technology by Technology Market: By Regions, 2020-2027

Table9 North America Cognitive Computing Technology by Technology Market: By Country, 2020-2027

Table10 Europe Cognitive Computing Technology by Technology Market: By Country, 2020-2027

Table11 Asia Pacific Cognitive Computing Technology by Technology Market: By Country, 2020-2027

Table12 The Middle East & Africa Cognitive Computing Technology by Technology Market: By Country, 2020-2027

Table13 Latin America Cognitive Computing Technology by Technology Market: By Country, 2020-2027

Table14 Global Technology Market: By Region, 2020-2027

Table15 North America Cognitive Computing Technology Market, By Country

Table16 North America Cognitive Computing Technology Market, By Technology

Table17 North America Cognitive Computing Technology Market, By Organization Size

Table18 Europe: Cognitive Computing Technology Market, By Organization Size

Table19 Europe: Cognitive Computing Technology Market, By Technology

Table20 Asia Pacific: Cognitive Computing Technology Market, By Country

Table21 Asia Pacific: Cognitive Computing Technology Market, By Technology

Table22 Asia Pacific: Cognitive Computing Technology Market, By Organization Size

Table23 The Middle East & Africa: Cognitive Computing Technology Market, By Country

Table24 The Middle East & Africa Cognitive Computing Technology Market, By Technology

Table25 The Middle East & Africa Cognitive Computing Technology Market, By Organization Size

Table26 Latin America: Cognitive Computing Technology Market, By Country

Table27 Latin America Cognitive Computing Technology Market, By Technology

Table28 Latin America Cognitive Computing Technology Market, By Organization Size

LIST OF FIGURES

FIGURE 1 Global Cognitive Computing Technology market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Cognitive Computing Technology Market

FIGURE 4 Value Chain of Global Cognitive Computing Technology Market

FIGURE 6 Global Cognitive Computing Technology Market, 2020-2027,

FIGURE 8 Global Cognitive Computing Technology Market size by Technology, 2020

FIGURE 10 Global Cognitive Computing Technology Market size by Organization Size, 2020