Global Cognitive Services Market is expected to reach USD 2.1 billion by 2025 from USD 18.53 billion in 2017 and is projected to grow at a CAGR of 46.5% the forecast period of 2018 to 2025.
Global Cognitive Services Market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of cognitive services market for global, Europe, North America, Asia Pacific and South America.
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Global Cognitive Services Market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Cognitive Services Market,
- By Technology (Machine Learning and Deep Learning, Natural Language Processing), By Service Type,
- By Deployment Mode( Cloud and On-Premises),
- By Application (Marketing Analysis, Predictive Maintenance, Supply Chain Management, Quality Management Investigation and Recommendation Safety and Security Management, Diagnosis and Treatment System) and
- By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
Market Drivers and Restraints:
- Rising growth in aligning organizational core work with business objectives
- Growth in data volumes creating demand for cognitive services demand for graphics software in business processes.
- Stringent external regulations across regions.
The renowned players in cognitive services market are
- IBM, Attivio,
- Amazon Web Services, Inc.,
- Qualcomm Technologies, Inc.,
- Nuance Communications, Inc.,
- Apple Inc.,
- Tata Consultancy Services Limited.,
- Expert System S.p.A.,
- Verbio Technologies,
- Softweb Solutions Inc,
- Folio3 Software Inc.,
- Inbenta Technologies Inc.,
- SONY, Inc.,
- BMC Software, Inc.,
- IPsoft Inc.,
- among others.
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In 2018 Microsoft launched “Artificial Intelligence and entry level software development” courses focusing on Azure and Microsoft’s cognitive services for more advanced developers to increase knowledge of machine learning.
In 2017, Microsoft developed” machine learning algorithms” for cognitive services. It helps to solve problems in the field of Artificial Intelligence and categories in vision, analyze images and videos for content and other useful information.
In 2017, Aricent Inc. Launched “Cognitive Services” to bring artificial intelligence to customer experience of products and services content and other useful information. It helps to provide exclusive value around their products and services for a truly compelling customer experience.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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