IT, New Media & Software

Cognitive Cloud Market is expected to reach at approx. USD 3.42 Billion by 2023


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Market Highlights

In this rapidly changing world of technology, cognitive cloud market is projected to show major growth prospects during the forecast period. Major factor driving the cognitive cloud market is the increasing adoption of internet of things and growing data generation which needs real time analysis. Analyzing consumer behaviors with cognitive analytics helps in tracing the behavior patterns of customer and can enable target advertising. This will eventually help in driving the cognitive cloud market. Cognitive cloud is nothing but the next evolution of cloud computing with new learning systems that help in development of cognitive applications.

The global cognitive cloud market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the cognitive cloud market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of cognitive cloud market. 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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Cognitive Cloud Market Segmentation

The cognitive cloud market has been segmented on the basis of technology, service, end user and vertical. The end user segment is further bifurcated into small and medium businesses and large enterprises. Cognitive cloud is increasingly being adopted by many small and large enterprises today owing to its efficiency in providing real time analysis of massive and diversified data. Cognitive cloud helps in building of cognitive applications which help these organizations in proper data interpretation and is also helping in driving the return on investment factor.

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

1.1          Introduction              

1.2          Scope Of Study

1.2.1      Research Objective

1.2.2       Assumptions

1.2.3       Limitations

1.3          Market Structure

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

5.             Market Factor Analysis

5.1          Porter’s Five Forces Analysis

5.2          Supply Chain Analysis

6             Cognitive Cloud Market, By Segments

6.1          Introduction

6.2          Market Statistics

6.2.1       By Technology

6.2.1.1     Natural Language Processing

6.2.1.2     Machine Learning

6.2.1.1     Automated Reasoning

6.2.1.2     Others

6.2.2        By Service

6.2.2.1     Managed Service

Continued……

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Ashish Sharma - Market Research Future



At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.