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Cognitive Analytics Market worth $109.83 billion by 2030, growing at a CAGR of 37.89% - Exclusive Report by 360iResearch
Cognitive Analytics Market | 360iResearch
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Cognitive Analytics uses advanced techniques such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) to emulate human thought for data analysis and decision-making, outperforming traditional analytics by interpreting data, understanding context, predicting trends, and advising prescriptively. Its necessity stems from the burgeoning data volumes from IoT, digital transactions, and social media, which demand sophisticated analytics for complexity management, competitive advantage, and operational efficiency. Applications span across healthcare for disease diagnosis and treatment personalization, finance for risk assessment and fraud detection, retail for customer behavior analysis and supply chain optimization, manufacturing for predictive maintenance, government for public safety and policy analysis, and telecommunications for network optimization and customer service enhancement. End-use segments include enterprises, small to medium enterprises (SMEs), healthcare providers, financial institutions, and government agencies, each seeking to dig deeper into data for better decision-making. Key growth drivers encompass continuous technological advancements, big data proliferation, the rise of cloud computing, increased investments, and demonstrable ROI from early adopters. Potential opportunities lie in healthcare precision medicine, financial risk analytics, retail omni-channel marketing, industrial IoT, and strategic partnerships with tech providers or academic institutions. However, growth is hindered by data privacy concerns, high costs, skill gaps, integration challenges, and accuracy issues. Innovation and research should focus on improving NLP capabilities, implementing edge computing, developing explainable AI (XAI), creating hybrid models combining symbolic AI with ML, and ensuring ethical AI. The market is marked by rapid technological changes and fierce competition, with major tech companies and startups dominating, alongside trends that democratize sophisticated analytics via cloud-based and AI-as-a-Service platforms. Recommendations for market players include offering industry-specific solutions, investing in talent development, forming strategic alliances, emphasizing security, and prioritizing customer-centric innovation.
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Market Segmentation & Coverage:
This research report categorizes the Cognitive Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solutions.
Based on Technology, market is studied across Automated Reasoning, Machine Learning, and Natural Language Processing. The Natural Language Processing is further studied across Deep-learning, Open, Rule-based, and Statistical.
Based on Application, market is studied across Customer Analysis & Personalization, Fraud & Risk Management, and Productivity & Efficiency Management.
Based on Vertical, market is studied across Banking & Finance, Cyber Security, Education, Healthcare, Logistics & Transportation, Power & Energy, and Retail Industry.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Cognitive Analytics Market, highlighting leading vendors and their innovative profiles. These include Infosys Limited, CognitiveScale, Numenta, Inc., Salesforce, Inc., SAS Institute Inc., Expert System S.p.A., International Business Machines Corporation, Nokia Corporation, Intel Corporation, TIBCO Software Inc., Wipro Limited, Amazon Web Services, Inc., Veritone Inc., General Electric Company, Cisco Systems, Inc., ThoughtSpot Inc., Microsoft Corporation, Adobe Inc., Google LLC by Alphabet Inc., Sinequa, Oracle Corporation, Deloitte LLP, SAP SE, and Attivio Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cognitive Analytics Market, by Component
7. Cognitive Analytics Market, by Technology
8. Cognitive Analytics Market, by Application
9. Cognitive Analytics Market, by Vertical
10. Americas Cognitive Analytics Market
11. Asia-Pacific Cognitive Analytics Market
12. Europe, Middle East & Africa Cognitive Analytics Market
13. Competitive Landscape
14. Competitive Portfolio
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About 360iResearch
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