Cognitive Analytics Market Simulation Type, Investment opportunities, Strategic Assessment, Trend Outlook
Cognitive Analytics Market, By Technology (NLP, Machine Learning, Automated Reasoning) By Deployment (Cloud, On Premise), By End User (SMEs and Large Enterprises) and By Vertical - Forecast 2023
Cognitive Analytics Market-Overview
Cognitive Scale and Deloitte has joined forces to drive customer centric healthcare through cognitive computing. This is accelerating the adoption of cognitive technology. Nokia Networks is using cognitive analytics for crowd insights, marketing insights, telecom analytics etc. It helps in basically analyzing customer behavior patterns and eventually helps in building strategies for the same.
Major factors driving the growth of cognitive analytics market are the technological advancements and increasing amounts of complex data. Real time analysis of this data is required to speed up the business processes. Increasing adoption of internet of things is another major factor driving the growth of cognitive analytics market. Cognitive analytics helps in bridging the gap between large data volumes and need for decision making in real time. This is one major factor driving the growth of cognitive analytics market.
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Key Players
The distinguished players in the cognitive analytics market are Google, Inc. (U.S.), Numenta (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Nokia Networks (Finland), Saffron Technology (U.S.), ColdLight Solutions (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Vicarious (U.S.) among others.
Segmental Analysis
MRFR’s report includes a comprehensive segmental analysis of the market, which is based on technology, deployment, end user and vertical.
On the basis of technology, the market has been segmented into Natural Language Processing (NLP), Machine Learning, Automated Reasoning and Others. Segments such as machine learning and natural language processing is expected to remain highly attractive during the projection period.
On the basis of deployment, the market has been segmented into On Premise and Cloud. On the basis of end user, the market has been segmented into SMEs and Large Enterprises. On the basis of vertical, the market has been segmented into BFSI, Healthcare, Consumer Electronics & Retail, Education & Retail, IT & Telecommunication, Travel & Tourism, Aerospace & Defense, Oil & Gas and others.
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Detailed Regional AnalysisÂ
The regional scrutiny of the Cognitive Analytics Market is segmented into the Middle East, North America, Europe, Africa, Latin America and the Asia Pacific. MRFR’s report covers the market across North America, Europe, the Middle East & Africa (MEA), Latin America and Asia Pacific (APAC). North America has emerged as the standout market for cognitive analytics. Countries such as the U.S. and Canada are technological advanced and present significant growth opportunities to market players. In addition, the growing need for real time analysis of large cluster of data in various sectors in the region is influencing the adoption of cognitive analytical solutions.
Competitive Analysis
Some of notable companies operating in the global market for cognitive analytics include IBM Corporation (U.S.), Nokia Networks (Finland), ColdLight Solutions (U.S.), Enterra Solutions LLC (U.S.), Vicarious (U.S.), Google, Inc. (U.S.), Saffron Technology (U.S.), Numenta (U.S.), Microsoft Corporation (U.S.) and CognitiveScale (U.S.) Many of these market players are actively focusing on product innovation and introduction of novel products in order to improve product portfolio. Merger and acquisition activities are expected to remain a key industry trend during the forecast period. Such strategies are being implemented by market players to boost their market footprint.
LIST OF TABLES
TABLE 1 COGNITIVE ANALYTICS MARKET, BY TECHNOLOGY
TABLE 2 COGNITIVE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 3 COGNITIVE ANALYTICS MARKET, BY END USER
TABLE 4 COGNITIVE ANALYTICS MARKET, BY VERTICAL
TABLE 5 COGNITIVE ANALYTICS MARKET, BY REGIONS
Continued……
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 COGNITIVE ANALYTICS MARKET, BY TECHNOLOGY (%)
FIGURE 3 COGNITIVE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 4 COGNITIVE ANALYTICS MARKET, BY END USER (%)
FIGURE 5 COGNITIVE ANALYTICS MARKET, BY VERTICAL (%)
Continued……
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