Global Cognitive Computing Market to Reach $176.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Cognitive Computing estimated at US$24.9 Billion in the year 2020, is projected to reach a revised size of US$176.2 Billion by 2027, growing at a CAGR of 32.2% over the analysis period 2020-2027. Natural Language Processing, one of the segments analyzed in the report, is projected to record a 29.4% CAGR and reach US$64.9 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 Machine Learning segment is readjusted to a revised 36.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 31.5% CAGR
The Cognitive Computing market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.3 Billion by the year 2027 trailing a CAGR of 31.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.2% and 28.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.1% CAGR.
Automated Reasoning Segment to Record 33.5% CAGR
In the global Automated Reasoning segment, USA, Canada, Japan, China and Europe will drive the 33.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.7 Billion in the year 2020 will reach a projected size of US$27.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.4 Billion by the year 2027.
Select Competitors (Total 46 Featured):
Amid the COVID-19 crisis, the global market for Cognitive Computing estimated at US$24.9 Billion in the year 2020, is projected to reach a revised size of US$176.2 Billion by 2027, growing at a CAGR of 32.2% over the analysis period 2020-2027. Natural Language Processing, one of the segments analyzed in the report, is projected to record a 29.4% CAGR and reach US$64.9 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 Machine Learning segment is readjusted to a revised 36.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 31.5% CAGR
The Cognitive Computing market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.3 Billion by the year 2027 trailing a CAGR of 31.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.2% and 28.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.1% CAGR.
Automated Reasoning Segment to Record 33.5% CAGR
In the global Automated Reasoning segment, USA, Canada, Japan, China and Europe will drive the 33.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.7 Billion in the year 2020 will reach a projected size of US$27.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.4 Billion by the year 2027.
Select Competitors (Total 46 Featured):
- CognitiveScale
- Enterra Solutions LLC
- Google, Inc.
- IBM Corporation
- Microsoft Corporation
- Numenta, Inc.
- Palantir Technologies Inc
- Saffron Tech Pvt Ltd
- Vicarious
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Table 1: World Current & Future Analysis for Cognitive Computing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Cognitive Computing 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 Natural Language Processing 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 Natural Language Processing 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 Machine Learning 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 Machine Learning 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 Automated Reasoning 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 Automated Reasoning 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 Information Retrieval 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 Information Retrieval 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 11: World Current & Future Analysis for On-Premise 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 12: World 7-Year Perspective for On-Premise 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 13: 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 14: 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 15: USA Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 16: USA 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 17: USA Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 18: USA 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 19: Canada Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 20: Canada 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 21: Canada Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 22: Canada 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 23: Japan Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: Japan 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 25: Japan Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: Japan 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 27: China Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: China 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 29: China Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 30: China 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 31: Europe Current & Future Analysis for Cognitive Computing 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 32: Europe 7-Year Perspective for Cognitive Computing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 33: Europe Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 34: Europe 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 35: Europe Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 36: Europe 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 37: France Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 38: France 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 39: France Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 40: France 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 41: Germany Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 42: Germany 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 43: Germany Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 44: Germany 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 45: Italy Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 46: Italy 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 47: Italy Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 48: Italy 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 49: UK Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 50: UK 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 51: UK Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 52: UK 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 53: Rest of Europe Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 54: Rest of Europe 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 55: Rest of Europe Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 56: Rest of Europe 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 57: Asia-Pacific Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 58: Asia-Pacific 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 59: Asia-Pacific Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 60: Asia-Pacific 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Table 61: Rest of World Current & Future Analysis for Cognitive Computing by Technology - Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 62: Rest of World 7-Year Perspective for Cognitive Computing by Technology - Percentage Breakdown of Value Sales for Natural Language Processing, Machine Learning, Automated Reasoning and Information Retrieval for the Years 2020 & 2027
- Table 63: Rest of World Current & Future Analysis for Cognitive Computing by Deployment - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 64: Rest of World 7-Year Perspective for Cognitive Computing by Deployment - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2020 & 2027
- Total Companies Profiled: 46
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