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Cognitive Services - Global Market Trajectory & Analytics

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    Report

  • 138 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804239
Global Cognitive Services Market to Reach $34.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Cognitive Services estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$34.2 Billion by 2027, growing at a CAGR of 36.8% over the period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 38.5% CAGR and reach US$23.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premises segment is readjusted to a revised 33.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 34.6% CAGR

The Cognitive Services market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 34.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.2% and 31.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.9% CAGR.

Select Competitors (Total 42 Featured):
  • Amazon Web Services, Inc.
  • Apple, Inc.
  • Attivio, Inc.
  • Baidu, Inc.
  • BMC Software, Inc.
  • Clarifai, Inc.
  • CognitiveScale
  • Expert System S.P.A.
  • Folio3 Software Inc.
  • Fusion Informatics Limited
  • Google, Inc.
  • IBM Corporation
  • Inbenta Technologies, Inc.
  • IPsoft Inc.
  • Kairos AR, Inc.
  • Megvii Technology Limited
  • Microsoft Corporation
  • Nokia Corporation
  • Nuance Communications, Inc.
  • Qualcomm Technologies, Inc.
  • SAS AB
  • Software AG
  • Softweb Solutions, Inc.
  • Squirro
  • Tata Consultancy Services Limited
  • Verbio Technologies S.L.
Frequently Asked Questions about the Global Market for Cognitive Services

What is the estimated value of the Global Market for Cognitive Services?

The Global Market for Cognitive Services was estimated to be valued at $3.8 Billion in 2020.

What is the growth rate of the Global Market for Cognitive Services?

The growth rate of the Global Market for Cognitive Services is 36.9%, with an estimated value of $34.2 Billion by 2027.

What is the forecasted size of the Global Market for Cognitive Services?

The Global Market for Cognitive Services is estimated to be worth $34.2 Billion by 2027.

Table of Contents

I. METHODOLOGY
II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Cognitive Services: A Prelude
  • Massive Growth on the Cards for Cognitive Services Market
  • Rapidly Evolving Role of Cognitive Computing in Global IT Ecosystem Sets the Tone for Wider Uptake of Cognitive Services
  • A Look into High-Growth Business Applications of Cognitive Computing
  • Impact of Covid-19 and a Looming Global Recession
  • Massive Increase in Uptake of IoT Creates Fertile Environment for Cognitive Services Market
  • A Look into IoT Spending Scenario
  • Exhibit 1: Worldwide IoT Spending in US$ Billion for the Years 2018 through 2022
  • Exhibit 2: Breakdown of Worldwide IoT Spending by End-Use Industry for the Year 2019
  • Exhibit 3: Worldwide IoT Spending: End-Use Industries Ranked by CAGR (Value) for 2018-2022
  • Cognitive Services Set to Make Gains in Enterprise IT Service Management
  • Cognitive Services Fully Acknowledge Data Quality Requirements of Modern Enterprises
  • eCommerce: High-Potential Growth Avenue for Cognitive Services
  • Cognitive Services Come to Fore to Improve Healthcare IT Capabilities
  • Cognitive Services Step-In to Dramatically Augment Supply Chain Management
  • Cognitive Services Seek Role in Smart City Infrastructure
  • Acknowledging the Potential, IT Leaders Jump into Cognitive Computing Bandwagon: A Review of Select Recently Unveiled Cognitive Tech Solutions
  • Microsoft Expands Azure Cognitive Services Offering with Anomaly Detector and Custom Vision
  • Box Skills from Box Now Supports the Microsoft Azure Cognitive Services
  • NIIT Technologies Rolls Out Cognitive Service Desk Audit through Microsoft Azure Platform
  • Nokia Unleashes Latest Version of Cognitive Analytics for Customer Insight Software
  • IBM Expands IBM Watson Cognitive Computing Platform with Addition of "Pretrained" AI Tools
  • Sisense Unveils Sisense Hunch Data Cognition Engine
  • Infosys Rolls Out Infosys Nia AI Platform with Cognitive Automation Capabilities
  • Table 1: World Current & Future Analysis for Cognitive Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Cognitive Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for On-Premises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for On-Premises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027

III. MARKET ANALYSIS
  • Table 11: USA Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 12: USA 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 13: USA Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: USA 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 15: Canada Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: Canada 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 17: Canada Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Canada 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 19: Japan Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Japan 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 21: Japan Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Japan 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 23: China Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: China 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 25: China Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: China 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 27: Europe Current & Future Analysis for Cognitive Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 28: Europe 7-Year Perspective for Cognitive Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 29: Europe Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: Europe 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 31: Europe Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Europe 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 33: France Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 34: France 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 35: France Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: France 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 37: Germany Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Germany 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 39: Germany Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 40: Germany 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 41: Italy Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: Italy 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 43: Italy Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Italy 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 45: UK Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: UK 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 47: UK Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: UK 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 49: Rest of Europe Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Europe 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 51: Rest of Europe Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 52: Rest of Europe 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 53: Asia-Pacific Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: Asia-Pacific 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 55: Asia-Pacific Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Asia-Pacific 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 57: Rest of World Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 58: Rest of World 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 59: Rest of World Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Rest of World 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027

IV. COMPETITION
  • Total Companies Profiled: 42