The increasing use of cloud-based applications is identified as one of the major drivers of the global cognitive computing market. Cognitive computing has delivered brilliant business and societal solutions by automating tabulation and harnessing computational processing and processing. These developments have in turn aided businesses deliver enterprise and personal productivity. A new market report labeled as “Cognitive Computing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the vast online portfolio of Market Research Reports Search Engine (MRRSE). The report analyzes the current market state as well as the future potential of the global Cognitive Computing Market.
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The global cognitive computing market is likely to expand at a remarkable CAGR of 49.9% during the Period of 2017 – 2025. At this pace, this global market will reach a valuation of US$1,000.52 billion by 2025 from US$29.67 billion in 2016. This market report section showcases the market dynamics and trends such as the drivers, restraints, risks and opportunities that impact the present nature as well as future status of this industry. It also includes an overview about the important market indicators given across the five geographical zones. Besides this, the porter’s five forces analysis, a precise analysis of the level of competition within the cognitive computing market are provided in order to assess the competitive attractiveness and intensity of the cognitive computing market. Reports also covers major industry developments covering noteworthy advances made by top market players.
Based on deployment type, the global cognitive computing market is segmented into on-premise and cloud. The cloud segment held the largest share in 2016 amounting to nearly 65.4% in terms of revenue. In terms of application, the market is divided into robotics, diagnostic API’s, cyber security, social media monitoring, farm mechanization, self-driving cars, gaming, video surveillance, supply chain management, E-learning, IT infrastructure management and others. Based on end-user vertical, market segments are BFSI, manufacturing, IT & Telecom, energy & utility, healthcare, retail, aerospace & defense, transportation, agriculture, media & entertainment, education, government, HR, and marketing & PR. Among these, the healthcare industry held the largest market share in 2016.
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Based on the end-user, the market is segmented as large enterprises, small & medium enterprises and public sector. Among these segments, large enterprises is the largest segment, holding a share of nearly 49.8% of the market in 2016.
Some of the key players profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise, IBM Corporation, Flatiron Health, Inc., SparkCognition, Microsoft Corporation, Google, Inc., Digital Reasoning Systems, Narrative Science and Accenture, Inc. Details such as business strategies, financials, SWOT analysis, and other strategic information regarding the players have been duly included as part of company profiling in the report.
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