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Cognitive Services - Global Market Trajectory & Analytics

  • ID: 4804239
  • Report
  • September 2020
  • Region: Global
  • 138 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • AMAZON WEB SERVICES
  • ATTIVIO
  • BMC SOFTWARE
  • COGNITIVESCALE
  • FOLIO3 SOFTWARE
  • IBM CORPORATION
  • MORE
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. We bring years of research experience to this 8th edition of our report. The 138-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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
2 of 3

FEATURED COMPANIES

  • AMAZON WEB SERVICES
  • ATTIVIO
  • BMC SOFTWARE
  • COGNITIVESCALE
  • FOLIO3 SOFTWARE
  • IBM CORPORATION
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • 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
  • Global Competitor Market Shares
  • Cognitive Services Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Massive Increase in Uptake of IoT Creates Fertile Environment for Cognitive Services Market
  • A Look into IoT Spending Scenario
  • Worldwide IoT Spending in US$ Billion for the Years 2018 through 2022
  • Breakdown of Worldwide IoT Spending by End-Use Industry for the Year 2019
  • 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
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Cognitive Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Cognitive Services Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • TABLE 3: Cloud (Deployment) World Market by Region/Country in US$ Million: 2020 to 2027
  • TABLE 4: Cloud (Deployment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • TABLE 5: On-Premises (Deployment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • TABLE 6: On-Premises (Deployment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
  • TABLE 7: Large Enterprises (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 8: Large Enterprises (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
  • TABLE 9: SMEs (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
  • TABLE 10: SMEs (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Cognitive Services Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • TABLE 11: Cognitive Services Market in US$ Million in the United States by Deployment: 2020-2027
  • TABLE 12: United States Cognitive Services Market Share Breakdown by Deployment: 2020 VS 2027
  • TABLE 13: United States Cognitive Services Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
  • TABLE 14: Cognitive Services Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
  • TABLE 15: Cognitive Services Market Analysis in Canada in US$ Million by Deployment: 2020-2027
  • TABLE 16: Canadian Cognitive Services Market Share Breakdown by Deployment: 2020 VS 2027
  • TABLE 17: Canadian Cognitive Services Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 18: Canadian Cognitive Services Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
  • TABLE 19: Japanese Medium & Long-Term Outlook for Cognitive Services Market in US$ Million by Deployment: 2020-2027
  • TABLE 20: Japanese Cognitive Services Market Percentage Share Distribution by Deployment: 2020 VS 2027
  • TABLE 21: Japanese Demand Estimates and Forecasts for Cognitive Services in US$ Million by End-Use: 2020 to 2027
  • TABLE 22: Cognitive Services Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
  • TABLE 23: Cognitive Services Market Estimates and Forecasts in China in US$ Million by Deployment: 2020-2027
  • TABLE 24: Cognitive Services Market in China: Percentage Share Analysis by Deployment for 2020 and 2027
  • TABLE 25: Chinese Demand for Cognitive Services in US$ Million by End-Use: 2020 to 2027
  • TABLE 26: Chinese Cognitive Services Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
  • Market Facts & Figures
  • European Cognitive Services Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
  • TABLE 27: European Cognitive Services Market Demand Scenario in US$ Million by Region/Country: 2018-2025
  • TABLE 28: European Cognitive Services Market Share Shift by Region/Country: 2020 VS 2027
  • TABLE 29: European Cognitive Services Market Assessment in US$ Million by Deployment: 2020-2027
  • TABLE 30: Cognitive Services Market in Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027
  • TABLE 31: European Cognitive Services Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 32: European Cognitive Services Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
  • TABLE 33: French Cognitive Services Market Estimates and Projections in US$ Million by Deployment: 2020-2027
  • TABLE 34: French Cognitive Services Market Share Breakdown by Deployment: 2020 VS 2027
  • TABLE 35: Cognitive Services Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
  • TABLE 36: French Cognitive Services Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
  • TABLE 37: German Cognitive Services Latent Demand Forecasts in US$ Million by Deployment: 2020-2027
  • TABLE 38: German Cognitive Services Market Share Breakdown by Deployment: 2020 VS 2027
  • TABLE 39: Cognitive Services Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
  • TABLE 40: Cognitive Services Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
  • TABLE 41: Cognitive Services Market Estimates and Forecasts in Italy in US$ Million by Deployment: 2020-2027
  • TABLE 42: Cognitive Services Market in Italy: Percentage Share Analysis by Deployment for 2020 and 2027
  • TABLE 43: Italian Demand for Cognitive Services in US$ Million by End-Use: 2020 to 2027
  • TABLE 44: Italian Cognitive Services Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
  • TABLE 45: United Kingdom Medium & Long-Term Outlook for Cognitive Services Market in US$ Million by Deployment: 2020-2027
  • TABLE 46: United Kingdom Cognitive Services Market Percentage Share Distribution by Deployment: 2020 VS 2027
  • TABLE 47: United Kingdom Demand Estimates and Forecasts for Cognitive Services in US$ Million by End-Use: 2020 to 2027
  • TABLE 48: Cognitive Services Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
  • TABLE 49: Rest of Europe Cognitive Services Market Assessment in US$ Million by Deployment: 2020-2027
  • TABLE 50: Cognitive Services Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027
  • TABLE 51: Rest of Europe Cognitive Services Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
  • TABLE 52: Rest of Europe Cognitive Services Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
  • TABLE 53: Asia-Pacific Cognitive Services Market Estimates and Projections in US$ Million by Deployment: 2020-2027
  • TABLE 54: Asia-Pacific Cognitive Services Historic Market Analysis in US$ Million by Deployment: 2020 VS 2027
  • TABLE 55: Cognitive Services Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
  • TABLE 56: Asia-Pacific Cognitive Services Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
REST OF WORLD
  • TABLE 57: Cognitive Services Market Analysis in Rest of World in US$ Million by Deployment: 2020-2027
  • TABLE 58: Rest of World Cognitive Services Market Share Breakdown by Deployment: 2020 VS 2027
  • TABLE 59: Rest of World Cognitive Services Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
  • TABLE 60: Rest of World Cognitive Services Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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  • AMAZON WEB SERVICES
  • APPLE
  • ATTIVIO
  • BMC SOFTWARE
  • BAIDU
  • CLARIFAI, INC.
  • COGNITIVESCALE
  • EXPERT SYSTEM S.P.A.
  • FOLIO3 SOFTWARE
  • FUSION INFORMATICS LIMITED
  • GOOGLE, INC.
  • IBM CORPORATION
  • IPSOFT
  • INBENTA TECHNOLOGIES
  • KAIRO
Note: Product cover images may vary from those shown
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