Global Cognitive Cloud Market is expected to grow at approx. USD 3.42 Billion by 2023, at 16% of CAGR

Cognitive Cloud Market, By Technology (NLP, Machine Learning, Automated Reasoning), By Service (Managed, Professional), By End User (SMEs, Large Enterprises) and By Vertical – Forecast 2023

Market Highlights

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.

This is owing to the presence of large number of established key players like IBM Corporation and upcoming companies in cognitive cloud like Cognitive Scale in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of cognitive cloud market. Growing adoption of internet of things in retail and healthcare sector is another major factor driving the growth of cognitive cloud market in the region. Increasing adoption by small and medium businesses could be a major factor driving the growth of cognitive cloud market in the region.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Cognitive Cloud Market Research Report-Forecast to 2023”.

Major Key Players

  • 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.)

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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.

Market Research Analysis:

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 demand for real time data analysis in retail and healthcare sector in that region.

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Table of Content

1             Market Introduction

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

Continued……

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

Continued….

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 (%)

Continued….

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