Cognitive Systems Market Size, Share, Trends, Regional Analysis & Forecast 2027 | Players IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute, Teradata

Stratagem Market Insights published a new report on the Global Cognitive Systems Market is conducted to provide hidden Opportunities and performance analysis. The study is an excellent mixture of qualitative and quantitative info covering market size breakdown of revenue and volume (if applicable) by vital segments. The report bridges the historical information from 2013 to 2019 and forecasts until 2027*. Some of the key & rising players that are a part of the coverage and have been profiled in this report.

A cognitive system uses machine learning (ML) and natural language processing (NLP) technology to extract insights form structured and unstructured data.

Increasing digitization in the banking sector is expected to propel growth of the global cognitive systems market over the forecast period. For instance, in January 2020, HDFC Bank launched myApps, a platform that enables urban local bodies in India to completely digitize their ecosystem. Moreover, increasing volume of unstructured data is a major factor boosting growth of the global cognitive system market. For instance, according to International Data Corp, the total volume of data is expected to reach 163 zettabytes in 2025, of which around 80% is expected to be unstructured data.

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Increasing adoption of mobile banking is expected to aid in growth of the global cognitive systems market. For instance, according to Juniper Research Ltd., the number of mobile banking users in the U.K. is expected to reach over 1.75 billion by the end of 2019, compared to 800 million in 2018. The market is also driven by rapid adoption of Artificial Intelligence (AI) in various sectors. For instance, in January 2020, Singapore-based startup Nestron announced the launch of 4 low-cost prefab home models complete with an AI assistant, Canny.
However, lack of awareness regarding cognitive systems in emerging economies is expected to hinder growth of the global cognitive systems market.

Among regions, Asia Pacific is expected to witness rapid growth in the global cognitive system market over the forecast period. This is attributed to increasing internet users in the region. For instance, according to China Internet Network Information Center (CNNIC) (2018), 802 million people in China are now actively using the internet, which accounts for 57.7% of the population.

Key players in the market are focused on launching new products to expand their product portfolio. For instance, in December 2019, Ramco Systems, in partnership with NelsonHall, a research & analysis firm, launched Digital Payroll Maturity Assessment Tool - a free and interactive survey for multi-country organizations to analyze and map their digital payroll maturity against industry benchmark. Similarly, in January 2020, IBM launched IBM Advertising Accelerator with Watson, which uses AI to predict the element combinations that drive the highest audience engagement and conversion.

Global cognitive system market has generated a revenue of US$ 8 billion in 2016. By the end of 2025, the cognitive system market is projected to reach US$ 88.14 billion with exhibiting a CAGR of 29.02%.

Market Dynamics:

The increasing unstructured data such as call center transcripts, documents, email messages, social media content, social networking sites contents has become one of the major factors for the growth of the cognitive system market. Moreover, the increasing usage of artificial intelligence in various increasing verticals and constant advancement in data processing technology are the factors fueling the growth of the cognitive system market globally. In addition, the banking end users verticals are driving the growth of the cognitive systems market.

Leading market players analyzed in the report include;
o HP
o IBM
o Microsoft
o Accenture
o DataStax
o EMC
o Google
o MapR Technologies
o SAS Institute
o Teradata

These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

The research offers detailed segmentation of the global Cognitive Systems market. Key segments analyzed in the research include Type, Product, Application, and Geography. Extensive analysis of sales, revenue, growth rate, and market share of each Type, Product, Application, and Region for the historic period and the forecast period is offered with the help of tables.

Cognitive Systems Market Segmentation:

Global Cognitive system Market, By Deployment Model:

o Cloud
o On-Premises

Global Cognitive system Market, By Technology:

o Machine Learning
o Natural Language Processing
o Planning and scheduling

Global Cognitive system Market, By End Users:

o Banking
o Education
o Government
o Healthcare
o Insurance
o Manufacturing
o Security and Investment
o Telecommunications
o Transportation
o Others

The market is analyzed based on regions and the competitive landscape in each region is mentioned. Regions discussed in the study include
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
These insights help to devise strategies and create new opportunities to achieve exceptional results.

Key Benefits:

1. The report provides a qualitative and quantitative analysis of the current Cognitive Systems market trends, forecasts, and market size from 2020 to 2027 to determine new opportunities.
2. Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
3. Top impacting factors & major investment pockets are highlighted in the research.
4. The major countries in each region are analyzed and their revenue contribution is mentioned.
5. The market player positioning segment provides an understanding of the current position of the market players active in the Cognitive Systems industry.

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Essential Features that are under offering & key highlights of the report:

- Detailed overview of Cognitive Systems market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Cognitive Systems market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Cognitive Systems market performance
- Market players information to sustain and enhance their footprint

Chapters Discussed In The Report:

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Cognitive Systems Market, By Type
Chapter 5: Cognitive Systems Market, By Product
Chapter 6: Cognitive Systems Market, By Application
Chapter 7: Cognitive Systems Market, By Region
Chapter 8: Company Profile

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