Press release
Cognitive Analytics Market By Growth Factors and Industry Players: SAS Institute, Nuance Communications, Google LLC, Intel Corporation and others.
Cognitive Analytics market
The growing need for real time analysis of complex data for improved business efficiency, and need to gain actionable insights from large amount of data have boosted the adoption of cognitive analytics solutions. Increasing trend of BYOD, IOT, and artificial intelligence fuels the adoption of cognitive analytics.
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Additionally, the increasing demand of cognitive analytics from industries such as transportation, healthcare, and BFSI has supported then Cognitive Analytics Market growth over the years. Increasing investments by vendors in technological advancements coupled with growing adoption of cloud technologies would accelerate the growth of the cognitive analytics market. Growing demand from emerging economies, and increasing adoption by small and medium sized businesses is expected to provide numerous growth opportunities in the coming years.
The North America Cognitive Analytics Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand from the healthcare and government sectors, and growing trend of IOT drive the market growth in the region. The growing adoption of cloud-based technologies, and technological advancements further support ten Cognitive Analytics Market growth in the region.
The increasing demand from BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.
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Cognitive Analytics Market Top Key Player:
• International Business Machines Corporation
• Cisco Systems Inc.
• SAS Institute
• Nuance Communications
• Microsoft Corporation
• Oracle Corporation
• Amazon Web Services
• Google LLC
• Intel Corporation
• Narrative Science.
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
By Segments:
Cognitive Analytics by Component
• Software
• Services
Cognitive Analytics by Deployment Model
• On-Premise
• Cloud-Based
Cognitive Analytics by End-User
• Banking, Financial Services, and Insurance
• Healthcare
• Transportation and Logistics
• Manufacturing
• Retail
• Energy
• Others
Cognitive Analytics by Organization Size
• Large Enterprises
• Small and Medium Businesses
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