Segment Study
The segment study of the cognitive computing technology market is based on organization size, deployment, technology, and end-users.
The technology based segments of the cognitive computing technology market are automated reasoning, machine learning, and natural language processing (NLP) among others. The high utility and adoption of natural language processing technology across different verticals can prompt the expansion of the world cognitive computing technology market.
The organization based segments of the cognitive computing technology market are SMBs and large enterprises. The growing penetration of cognitive computing technology market in the years to come.
The deployment based segments of the cognitive computing technology market are cloud and on-premises. The rise in the awareness about the high reliability feature of cloud based cognitive computing solution can impel the expansion of the market.
The end-user based segments of the cognitive computing technology market are BFSI, healthcare, travel & tourism, media & entertainment, aerospace & defence, telecom & it, consumer goods & retail, education & research, and energy & power among other. The healthcare sector is expected to contribute largely to the expansion of the cognitive computing market.
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Key Players
Eminent players profiled in the global cognitive computing technology market report include Expert System S.p.A. (Italy), SparkCognition Inc (U.S.), Microsoft Corporation (U.S.), Numenta (U.S.), International Business Machines Corporation (U.S.), Cisco Systems, Inc (U.S.), DeepMind Technologies Limited (U.K), CustomerMatrix Inc (U.S.), Planet labs (U.S.), Airware (U.S.), Google, Inc (U.S.), CognitiveScale (U.S.), Saffron Technology, Inc (U.S.), Enterra Solutions LLC (U.S.), ColdLight Solutions (U.S.), Palantir Technologies (U.S.), Hewlett Packard Enterprise (U.S.), Orbital Insight (U.S.), Vicarious (U.S.), DigitalGenius (U.K), DataRobot (U.S.), Cylance (U.S.), Vicarious (U.S.), Darktrace (U.K), Ross Intelligence (U.S.), Indico (U.S.), Cyberlytic (U.K), among others.
Market Highlights
Market Research Future (MRFR), in its latest publication in the cognitive computing market 2020, details factors that can alter the market dynamics and effect cognitive computing technology market size. Cognitive computing technology market can expand exponentially owing to the increase in the volume of unstructured data, alongwith technical developments that are aiding in the improvement of cognitive computing technology market. There are numerous drivers of the world cognitive computing market. Rise in cloud based solution and their advancements and improvement in software and hardware systems can underpin the rise of the cognitive computing technology market through 2016 to 2022. The growing need for experience interfaces can bolster the growth of the cognitive computing global market. As per MRFR analysis, the world cognitive computing technology market is likely to boom in the years to come. MRFR study also reveals that the cognitive computing technology market is poised to attain high value on the conclusion of the study period.
Regional Analysis
North America to Have Lions Share in Cognitive Computing Technology Market
North America will have lions share in the market over the forecast period. The high demand for secured and faster storage devices across various sectors, increasing adoption in the IT industry, increasing use of internet, increasing adoption of cognitive computing solutions by startups, organizations in the US using such solutions, the rising penetration of core technologies like big data, IoT, and AI and others, and the growing number of cognitive projects are adding to the global cognitive computing technology market growth in the region.
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