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Cognitive Services - Global Market Trajectory & Analytics

  • ID: 4804239
  • Report
  • April 2021
  • Region: Global
  • 138 pages
  • Global Industry Analysts, Inc
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.
Note: Product cover images may vary from those shown
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
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