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Cognitive Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 145 pages | ID: C5C7ADEDD2C6EN
IMARC Group

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The global cognitive computing market reached a value of US$ 25.30 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 110.66 Billion by 2027, exhibiting a CAGR of 25.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cognitive computing (CC) relies on artificial intelligence (AI), machine learning (ML), natural language understanding (NLU), speech and image recognition, conversant human interface, and distributed and high-performance computing. It offers improved data collection and interpretation, troubleshooting and error detection, and enhanced customer retention to businesses. It also assists in informed and strategic decision-making, smart financial decisions, improving efficiency, and increasing cost savings. As a result, CC finds extensive applications in numerous industry verticals, such as retail, telecommunications, and banking, financial services and insurance (BFSI).

Cognitive Computing Market Trends:
The rising adoption of cutting-edge technologies in small and medium-sized enterprises (SMEs) across the globe represents one of the key factors impelling the growth of the market. Moreover, CC solutions are employed in the healthcare industry as they aid medical professionals in disease diagnosis by processing enormous data rapidly and generating customized smart recommendations. These solutions also aid in providing a better course of treatment for patients. Apart from this, they help improve the delivery of personalized health intervention programs, including lifestyle/behavioral change management. Besides this, they are increasingly being used in delivering actionable sporting tips to athletes during a game or competition and advising investment strategists on leveraging information to make decisions while buying or selling in a marketplace. In addition, they can be utilized in assessing risks in real-time, producing accurate results, and understanding human language to interact with customers and workers. CC solutions are also useful in mining structured and unstructured data and offering hypotheses and explanations for consideration by humans. This, coupled with the thriving information technology (IT) industry, is projected to drive the market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cognitive computing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, deployment type, enterprise size and industry vertical.

Breakup by Technology:

Natural Language Processing
Machine Learning
Automated Reasoning
Others

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Enterprise Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Industry Vertical:

Healthcare
BFSI
Retail
Government
IT and Telecom
Energy and Power
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuiti Group, Cisco Systems Inc., Enterra Solutions LLC, Expert .AI, e-Zest Solutions Ltd, Google LLC (Alphabet Inc.), International Business Machines Corporation, Marlabs LLC, Microsoft Corporation, Red Skios Ltd., Sas Institute Inc., Tata Consultancy Services Ltd., Vantage Labs LLC and Virtusa Corporation.
Key Questions Answered in This Report:
How has the global cognitive computing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cognitive computing market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cognitive computing market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL COGNITIVE COMPUTING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TECHNOLOGY

6.1 Natural Language Processing
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Machine Learning
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Automated Reasoning
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ENTERPRISE SIZE

8.1 Small and Medium-sized Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Large Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1 Healthcare
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 BFSI
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Retail
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Government
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 IT and Telecom
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Energy and Power
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Others
  9.7.1 Market Trends
  9.7.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Acuiti Group
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Cisco Systems Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Enterra Solutions LLC
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Expert .AI
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
  15.3.5 e-Zest Solutions Ltd
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Google LLC (Alphabet Inc.)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7 International Business Machines Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Marlabs LLC
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Microsoft Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Red Skios Ltd.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Sas Institute Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 SWOT Analysis
  15.3.12 Tata Consultancy Services Ltd.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 Vantage Labs LLC
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
  15.3.14 Virtusa Corporation
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio
    15.3.14.3 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cognitive Computing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cognitive Computing Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Cognitive Computing Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 4: Global: Cognitive Computing Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Cognitive Computing Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Cognitive Computing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Cognitive Computing Market: Competitive Structure
Table 8: Global: Cognitive Computing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cognitive Computing Market: Major Drivers and Challenges
Figure 2: Global: Cognitive Computing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cognitive Computing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Cognitive Computing Market: Breakup by Technology (in %), 2021
Figure 5: Global: Cognitive Computing Market: Breakup by Deployment Type (in %), 2021
Figure 6: Global: Cognitive Computing Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: Cognitive Computing Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Cognitive Computing Market: Breakup by Region (in %), 2021
Figure 9: Global: Cognitive Computing (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Cognitive Computing (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Cognitive Computing (Machine Learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Cognitive Computing (Machine Learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Cognitive Computing (Automated Reasoning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Cognitive Computing (Automated Reasoning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Cognitive Computing (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Cognitive Computing (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cognitive Computing (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cognitive Computing (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cognitive Computing (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cognitive Computing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Cognitive Computing (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cognitive Computing (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cognitive Computing (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cognitive Computing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Cognitive Computing (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Cognitive Computing (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Cognitive Computing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Cognitive Computing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Cognitive Computing (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Cognitive Computing (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Cognitive Computing (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Cognitive Computing (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Cognitive Computing (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Cognitive Computing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Cognitive Computing (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Cognitive Computing (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Cognitive Computing (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Cognitive Computing (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Cognitive Computing Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Cognitive Computing Industry: SWOT Analysis
Figure 89: Global: Cognitive Computing Industry: Value Chain Analysis
Figure 90: Global: Cognitive Computing Industry: Porter's Five Forces Analysis


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