Global Cognitive Computing Market (Technology, Application, End User, Deployment Type and Geography) - Size, Share, Trends, Company Profiles, Demand, Insights, Analysis, Opportunities, Segmentation and Forecast, 2014 - 2020

  • ID: 3275497
  • Report
  • Region: Global
  • 127 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • 3M
  • Google Incorporation
  • Hewlett Packard (HP)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP
  • MORE
Cognitive computing processes extraordinary volumes of complex data and dramatically enhances the productivity levels in enterprises. Cognitive computing is considered as a next-generation system that interacts in human language and helps human experts to make better decisions by understanding the complexity of big data. Cognitive computing can process human language, unstructured data and can even self-learn by experience and perform tasks similar to the ones done by humans. In the current scenario, big data is increasing due to digitalization and most of the data is received in unstructured form such as images, videos, natural language and symbols. Cognitive computing, with the help of different technologies such as natural language processing, machine learning and automated reasoning, translates unstructured data to sense, and infers and predicts the best solution. Cognitive computing is majorly used in BFSI, healthcare, security, and retail applications. Increasing volume of unstructured data and advancements in technology largely drive the cognitive computing market. Cloud based technological advancements, development of innovative hardware and software systems and cognitive experience interfaces would further create opportunities for the cognitive computing market.

The market for cognitive computing is segmented on the basis of technology, applications, end user, deployment type and geography. Natural language processing technology accounted for the maximum revenue share in 2014 and this segment would continue to dominate during the forecast period (2015–2020). Natural language processing and machine learning have generated nearly 44% and 30% of the revenue respectively, in 2014. Retail and security would be the fastest growing application segments registering CAGR of 35.8% and 36.5% respectively, during the forecast period.

The key players in the market are acquiring specialized technology companies to gain technical expertise in order to develop innovative solutions. In March 2015, IBM acquired AlchemyAPI, one of the leading providers of scalable API services and deep learning technology, which would aid the development of IBM’s next generation cognitive computing applications. In Jan 2014, Google acquired the cognitive computing start-up DeepMind with the aim to integrate DeepMind’s NLP technology into its core search product for better understanding the queries written in a natural language.

Key players of the cognitive computing market are IBM Corporation, Google Incorporation, Microsoft Corporation, Nuance Communications Inc., 3M, Hewlett Packard (HP), Statistical Analysis System (SAS), SAP, Tibco Software and Oracle Corporation.

KEY BENEFITS

- The report provides an in depth analysis of the cognitive computing market and offers current and future trends to identify lucrative investment pockets in the market
- The report identifies the key drivers, opportunities and restraints along with their impact analysis
- Porter’s five forces analysis provides a clear idea regarding the potency of the buyers and suppliers participating in this market. This would further lend competitive advantage to the stakeholders in making profitable business decisions
- Current and future trends are outlined to determine the overall attractiveness and figure out profitable trends in order to gain a stronger foothold in the market
- A detailed qualitative and quantitative analysis of the market through 2014–2020 is provided to highlight the market potential

MARKET SEGMENTATION

The market is segmented on the basis of technology, application, end user, deployment type and geography.

Global Cognitive Computing Market - By Technology Type

- Natural Language Processing
- Machine Learning
- Automated Reasoning
- Others (Information Retrieval)

Global Cognitive Computing Market - By Applications

- Healthcare
- BFSI
- Retail
- Government (Defense)
- IT & Telecom
- Security
- Others (Travel & Tourism, Media and Entertainment, Energy & Power, Research & Education)

Global Cognitive Computing Market - By End User

- Large Enterprises
- Small and medium businesses (SMBs)

Global Cognitive Computing Market - By Deployment Type

- On-Premise Software
- Cloud-based Services

Global Cognitive Computing Market - By Geography

- North America
- Europe
- Asia-Pacific
- LAMEA

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Google Incorporation
  • Hewlett Packard (HP)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Reasons for Doing the Study
1.3 Key Benefits
1.4 Key Market Segments
1.5 Key Audiences
1.6 Research Methodology

1.6.1 Secondary Research
1.6.2 Primary Research
1.6.3 Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective
2.2 Market Beyond: What to Expect by 2025 ($Million)

2.2.1 Base Case Scenario
2.2.2 Optimistic Case Scenario
2.2.3 Critical Case Scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Factors Impacting the Cognitive Computing Market
3.2.2 Top Winning Strategies of Cognitive Computing Market
3.2.3 Top Investment Pockets of Cognitive Computing Market

3.3 Porters Five Forces

3.3.1 Differentiated Products and Low Threat of Backward Integration Increases Bargaining Power of the Suppliers
3.3.2 High Switching Cost and Lack of Substitute Leads to Low Bargaining Power of Buyer
3.3.3 High Switching Cost and Lack of alternatives Lowers the Threat of Substitutes
3.3.4 Presence of Dominating Players and Well-Known Brands Reduces the Threat of New Entrant
3.3.5 Limited Number of Suppliers and Brand Loyalty Amongst Buyers Leads to Moderate Competitive Rivalry in the Market

3.4 Value Chain Analysis
3.5 Market Share Analysis, 2014
3.6 Case Study
3.7 Market Dynamics

3.7.1 Drivers

3.7.1.1 Increasing Volume of Large Complex Data
3.7.1.2 Harnessing Internet Speed
3.7.1.3 Big Data Analytics

3.7.2 Restraints

3.7.2.1 High Cost of Deploying Cognitive Computing System
3.7.2.2 Lack of Awareness

3.7.3 Opportunities

3.7.3.1 Trend of Cloud Based Technology
3.7.3.2 Impact on Business Application

CHAPTER 4 GLOBAL COGNITIVE COMPUTING MARKET BY TECHNOLOGY

4.1 Introduction

4.1.1 Market Size and Forecast
4.1.2 Natural Learning Processing (NLP)

4.1.2.1 Key Market Trends
4.1.2.2 Competitive Scenario
4.1.2.3 Key Growth Factors and Opportunities
4.1.2.4 Market Size and Forecast

4.1.3 Machine Learning

4.1.3.1 Key Market Trends
4.1.3.2 Competitive Scenario
4.1.3.3 Key Growth Factors and Opportunities
4.1.3.4 Market Size and Forecast

4.1.4 Automated Reasoning

4.1.4.1 Key Market Trends
4.1.4.2 Competitive Scenario
4.1.4.3 Key Growth Factors and Opportunities
4.1.4.4 Market Size and Forecast

4.1.5 Others (Information Retrieval)

4.1.5.1 Key Market Trends
4.1.5.2 Competitive Scenario
4.1.5.3 Key Growth Factors and Opportunities
4.1.5.4 Market Size and Forecast

CHAPTER 5 GLOBAL COGNITIVE COMPUTING MARKET BY APPLICATION

5.1 Introduction

5.1.1 Market Size and Forecast
5.1.2 Healthcare

5.1.2.1 Market Size and Forecast

5.1.3 BFSI

5.1.3.1 Market Size and Forecast

5.1.4 Retail

5.1.4.1 Market Size and Forecast

5.1.5 Government (Defence)

5.1.5.1 Market Size and Forecast

5.1.6 IT & Telecom

5.1.6.1 Market Size and Forecast

5.1.7 Security

5.1.7.1 Market Size and Forecast

5.1.8 Others (Travel & Tourism, Media and Entertainment, Energy & Power, Research & Education)

5.1.8.1 Market Size and Forecast

CHAPTER 6 GLOBAL COGNITIVE COMPUTING MARKET BY END USER

6.1 Introduction

6.1.1 Market Size and Forecast
6.1.2 Large Enterprises

6.1.2.1 Market Size and Forecast

6.1.3 Small and Medium Businesses (SMBs)

6.1.3.1 Market Size and Forecast

CHAPTER 7 GLOBAL COGNITIVE COMPUTING MARKET BY DEPLOYMENT TYPE

7.1 Introduction

7.1.1 Market Size and Forecast
7.1.1 Cloud Based Services

7.1.1.1 Key Market Trends
7.1.1.2 Competitive Scenario
7.1.1.3 Key Growth Factors and Opportunities
7.1.1.4 Market Size and Forecast

7.1.2 On-Premise Software

7.1.2.1 Key Market Trends
7.1.2.2 Competitive Scenario
7.1.2.3 Key Growth Factors and Opportunities
7.1.2.4 Market Size and Forecast

CHAPTER 8 GLOBAL COGNITIVE COMPUTING MARKET BY GEOGRAPHY

8.1 Introduction
8.2 North America

8.2.1 Key Market Trends
8.2.2 Competitive Scenario
8.2.3 Key Growth Factors and Opportunities
8.2.4 Market Size and Forecast

8.3 Europe

8.3.1 Key Market Trends
8.3.2 Competitive Scenario
8.3.3 Key Growth Factors and Opportunities
8.3.4 Market Size and Forecast

8.4 Asia-Pacific

8.4.1 Key Market Trends
8.4.2 Competitive Scenario
8.4.3 Key Growth Factors and Opportunities
8.4.4 Market Size and Forecast

8.5 LAMEA

8.5.1 Key Market Trends
8.5.2 Competitive Scenario
8.5.3 Key Growth Factors and Opportunities
8.5.4 Market Size and Forecast

CHAPTER 9 COMPANY PROFILES

9.1 International Business Machines Corporation (IBM)

9.1.1 Company Overview
9.1.2 Company Snapshot
9.1.3 Business Performance
9.1.4 Strategic Moves and Developments
9.1.5 SWOT Analysis of IBM Corp.

9.2 Google Incorporation

9.2.1 Company Overview
9.2.2 Company Snapshot
9.2.3 Business Performance
9.2.4 Strategic Moves and Developments of Google Incorporation
9.2.5 SWOT Analysis of Google Incorporation

9.3 Microsoft Corporation

9.3.1 Company Overview
9.3.2 Company Snapshot
9.3.3 Business Performance
9.3.4 Strategic Moves and Developments
9.3.6 SWOT Analysis of Microsoft Corporation

9.4 Nuance Communications Inc.

9.4.1 Company Overview
9.4.2 Company Snapshot
9.4.3 Business Performance
9.4.4 Strategic Moves and Development
9.4.5 SWOT Analysis of Nuance Communications Inc.

9.5 3M

9.5.1 Company Overview
9.5.2 Company Snapshot
9.5.1 Business Performance
9.5.1 Strategic Moves and Development
9.5.2 SWOT Analysis of 3M

9.6 Hewlett Packard (HP)

9.6.1 Company Overview
9.6.2 Company Snapshot
9.6.3 Business Performance
9.6.4 Strategic Moves and Developments
9.6.5 SWOT Analysis of HP

9.7 Statistical Analysis System (SAS)

9.7.1 Company Overview
9.7.2 Company Snapshot
9.7.3 Business Performance
9.7.4 Strategic Moves and Development
9.7.5 SWOT Analysis of SAS

9.8 SAP

9.8.1 Company Overview
9.8.2 Company Snapshot
9.8.3 Business Performance
9.8.4 Strategic Moves and Development
9.8.5 SWOT Analysis of SAP

9.9 Tibco Software

9.9.1 Company Overview
9.9.2 Company Snapshot
9.9.3 Business Performance
9.9.4 Strategic Moves and Development
9.9.5 SWOT Analysis of Tibco Software

9.10 Oracle Corporation

9.10.1 Company Overview
9.10.2 Company Snapshot
9.10.3 Business Performance
9.10.4 Strategic Moves and Development
9.10.5 SWOT Analysis of Oracle Corporation

List of Tables
Table 1 Global Cognitive Computing Market By Geography, 2014-2020 ($Million)
Table 2 Global Cognitive Computing Market Base Case Scenario, 2020-2025 ($Million)
Table 3 Global Cognitive Computing Market Optimistic Case Scenario, 2020-2025 ($Million)
Table 4 Global Cognitive Computing Market Critical Case Scenario, 2020-2025 ($Million)
Table 5 Global Cognitive Computing Market By Technology, 2014-2020 ($Million)
Table 6 Natural Language Processing Market By Geography, 2014-2020 ($Million)
Table 7 Machine Learning Market By Geogarphy, 2014-2020 ($Million)
Table 8 Automated Reasoning Market By Geography, 2014-2020 ($Million)
Table 9 Others (Information Retrieval) Market By Geography, 2014-2020 ($Million)
Table 10 Global Cognitive Computing Market By Application, 2014-2020 ($Million)
Table 11 Healthcare Market By Geography, 2014-2020 ($Million)
Table 12 Bfsi Market By Geography, 2014-2020 ($Million)
Table 13 Retail Market By Geography, 2014-2020 ($Million)
Table 14 Government (Defence) Market By Geography, 2014-2020 ($Million)
Table 15 It & Telecom Market By Geography, 2014-2020 ($Million)
Table 16 Security Market By Geography, 2014-2020 ($Million)
Table 17 Others (Travel & Tourism, Media And Entertainment, Energy & Power, Research & Education) Market By Geography, 2014-2020 ($Million)
Table 18 End User Market By Geography, 2014-2020 ($Million)
Table 19 Large Enterprises Market By Geography, 2014-2020 ($Million)
Table 20 Small And Medium Businesses Market By Geography, 2014-2020 ($Million)
Table 21 Global Cognitive Computing Market By Deployment Type, 2014-2020 ($Million)
Table 22 On-Premise Software Market By Geography, 2014-2020 ($Million)
Table 23 Cloud Based Services Market By Geography, 2014-2020 ($Million)
Table 24 North America Market By Technology, 2014-2020 ($Million)
Table 25 Europe Market By Technogy, 2014-2020 ($Million)
Table 26 Asia-Pacific Market By Technology, 2014-2020 ($Million)
Table 27 Lamea Market By Technology, 2014-2020 ($Million)
Table 28 Snapshot Of Ibm Corporation
Table 29 Snapshot Of Google Incorporation Company
Table 30 Snapshot Of Microsoft Corporation Company
Table 31 Snapshot Of Nuance Communications Inc.Company
Table 32 Snapshot Of 3m Company
Table 33 Snapshot Of Hp Company
Table 34 Snapshot Of Sas Inc Company
Table 35 Snapshot Of Sap
Table 36 Snapshot Of Tibco Software Company
Table 37 Snapshot Of Oracle Corporation

List of Figures
Fig. 1 Top Impacting Factors, Base Case Scenario (2020-2025)
Fig. 2 Top Impacting Factors, Optimistic Case Scenario (2020-2025)
Fig. 3 Top Impacting Factors, Critical Case Scenario (2020-2025)
Fig. 4 Top Impacting Factors
Fig. 5 Top Winning Strategies In The Cognitive Computing Market (2013-2020)
Fig. 6 Top Winning Strategies (Percentage Comparison) (2013-2020)
Fig. 7 Top Investment Pockets
Fig. 8 Porters Five Forces Of Cognitive Computing Market
Fig. 9 Value Chain Analysis Of Cognitive Computing Market
Fig. 10 Market Share Analysis Of Cognitive Computing Market
Fig. 11 Revenue Of Ibm Corp. (2011-2013, $Million)
Fig. 12 Revenue Of Ibm Corp. By Business Segment (2013, $Million)
Fig. 13 Revenue Of Ibm Corp. By Geography (2013, $Million)
Fig. 14 SWOT Analysis Of Ibm Corp.
Fig. 15 Revenue Of Google Incorporation (2011-2013, $Million)
Fig. 16 Revenue Of Google Incorporation By Products And Services (2013, $Million)
Fig. 17 Revenue Of Google Incorporation By Geography (2013, $Million)
Fig. 18 SWOT Analysis Of Google Incorporation
Fig. 19 Revenue Of Microsoft Corporation (2011-2013, $Million)
Fig. 20 Revenue Of Microsoft Corporation By Products And Services (2013, $Million)
Fig. 21 Revenue Of Microsoft Corporation By Geography (2013, $Million)
Fig. 22 SWOT Analysis Of Microsoft Corporation
Fig. 23 Revenue Of Nuance Communications Inc. (2011-2013, $Million)
Fig. 24 Revenue Of Nuance Communications Inc. By Segment (2013, $Million)
Fig. 25 SWOT Analysis Of Nuance Communications Inc.
Fig. 26 Revenue Of 3m (2011 - 2013, $Million)
Fig. 27 Revenue Of 3m By Segment (2013, $Million)
Fig. 28 Revenue Of 3m By Geography (2013, $Million)
Fig. 29 SWOT Analysis Of 3m Company
Fig. 30 Revenue Of HP (2011 - 2013, $ Million)
Fig. 31 Revenue Of HP By Products And Services (2013, $Million)
Fig. 32 SWOT Analysis Of HP
Fig. 33 Revenue Of SAS (2011-2013, $Million)
Fig. 34 Revenue Of SAS By Regions (2013, $Million)
Fig. 35 Revenue Of SAS By Industries (2013, $Million)
Fig. 36 SWOT Analysis Of SAS
Fig. 38 Revenue Of Sap By Regions (2013, $Million)
Fig. 39 Revenue Of Sap By Product And Services (2013, $Million)
Fig. 40 SWOT Analysis Of Sap
Fig. 41 Revenue Of Tibco Software (2011-2013, $Million)
Fig. 42 Revenue Of Tibco Software By Regions (2013, $Million)
Fig. 43 SWOT Analysis Of Tibco Software
Fig. 44 Revenue Of Oracle Corporation Company (2011-2013, $Million)
Fig. 45 Revenue Of Oracle Corporation By Regions (2013, $Million)
Fig. 46 Revenue Of Oracle Corporation By Portfolio (2013, $Million)
Fig. 47 SWOT Analysis Of Oracle Corporation

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FEATURED COMPANIES

  • 3M
  • Google Incorporation
  • Hewlett Packard (HP)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP
  • MORE
According to this new report titled, "Global Cognitive Computing Market Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014 - 2020", the cognitive computing market is expected to generate revenue of $13.7 billion by 2020, registering a CAGR of 33.1% during the forecast period of 2015 - 2020. The advent of cognitive computing has led to a major shift in the evolution of technology over the past decade. The growing trend of increasing cloud based services, big data analytics and harnessing the internet speed, has largely supplemented the growth of the cognitive computing market. Cognitive analytics have optimum capabilities in handling huge volumes of data and facilitate the quick transitioning of manufacturing footprints and technologies. Enterprises, today, incorporate newer technologies, both in hardware and software, in order to keep pace with the changing business requirements. The increasing adoption of cognitive computing in business applications has led to significant improvements in the productivity and standard of operations in numerous organizations.

The global cognitive computing market is segmented into technology, applications, end users and deployment types. The technology segment is further categorised into natural language processing, machine learning, automated reasoning and information retrieval. The application segment includes healthcare, BFSI, IT and Telecom, security, research & education, defence and others. The end users segment comprises of large enterprises and small & medium enterprises, whilst the deployment types include on-premises and cloud based services.

The natural language processing segment generated the maximum revenue in 2014, accounting for over 40% of the total market revenue. The technology would continue to dominate the market throughout the forecast period. Machine learning is the second highest segment, constituting around 30% of the total revenue. Automated reasoning technology, presently having a smaller market share, would grow at the fastest CAGR of 37% during 2015-2020. Automated reasoning reduces overloaded information and is seeking applications in computational biology that would accelerate the growth of the technology in the coming years.

From applications perspective, healthcare is the largest user, followed by BFSI. In 2014, the healthcare segment generated revenue of $745.1million, accounting for about 30% of the total market. The growth in the segment is driven by medical imaging technology and the ability of cognitive analytics to help physicians and nurses in analysing mammogram images and detecting suspicious areas that indicate potential abnormalities.

North America accounts for the highest adoption of cognitive computing applications and holds the largest revenue share in the global market, followed by Europe. The North American region generated a revenue of $1.06 billion in 2014 and would dominate the market during the forecast period 2015 - 2020. Asia-Pacific is expected to become a lucrative market for cognitive computing. The rapidly rising trend of cloud based services, in small and medium enterprises, exhibits a high growth rate in the Asia-Pacific countries.

Companies such as Deloitte, PwC, Accenture and other prominent players largely utilize cognitive computing in training their staff and improving their productivity.

Watson, the cognitive computing system of IBM exhibits a phenomenal performance in the company's work processes. Watson is largely used in the healthcare sector to dramatically improve the abilities of doctors, researchers and insurers by gauging newer surface insights from medical records.

Key findings of the study

- The growth of the global cognitive computing market would be supplemented by the increasing volume of large unstructured data across various verticals such as healthcare, banking and financial, security and IT & Telecom
- Natural language processing is the highest revenue generating technology of cognitive computing
- Increased adoption would be witnessed across key sectors such as healthcare, retail, banking and finance, over the forecast period (2015 - 2020)
- North America accounted for the maximum adoption of cognitive computing applications with 41.6% market share in the overall global revenue in 2014
- Asia-Pacific and LAMEA are expected to be the most lucrative markets in terms of growth, owing to the developments in the healthcare and the insurance sector along with the growing adoption of advanced technologies
- The report also outlines the competitive environment of the cognitive computing market, providing a comprehensive study of the key organic and inorganic strategies adopted by market leaders. The companies are adopting product launch and technological advancements as a key strategy to maintain their leading positions. Prominent companies profiled in the report include IBM Corporation, Google Incorporation, Microsoft Corporation, Nuance Communications Inc., 3M, HP, Statistical Analysis System (SAS), sap, Tibco Software and Oracle Corporation.
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- 3M
- Google Incorporation
- Hewlett Packard (HP)
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Nuance Communications Inc.
- Oracle Corporation
- SAP
- Statistical Analysis System (SAS)
- Tibco Software

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