Global Cognitive Computing Market Size, Status and Forecast 2020-2026

Cognitive Computing is completely changing the way organization use their big data in each verticals, especially in industries like Healthcare, BFSI and Customer services. This is big revolution in global information technology market and holds very strong potential of growth. The Cognitive Computing enables a machine to think, interpret and infer information like a human brain. The biggest advancement in this market is IBM’s Watson Cognitive Computing. There are few players in the market that have developed the technique of integrating cognitive computing with internet of things (IoT).
The cognitive computing basically works on the principle of neocortex, a part of human brain that plays a big role in the decision making by analyzing the behaviors of a human being and makes decision on the basis of time series analysis. The computer systems that we are using today are consulting us the way we already programed them but cognitive computing systems are completely different, they works on the machine learning algorithms and natural language processing. This unique feature of cognitive computing is enabling business organizations to use immense amount of dark data available with them.
Market Analysis and Insights: Global Cognitive Computing Market
In 2019, the global Cognitive Computing market size was US$ 7639.3 million and it is expected to reach US$ 30200 million by the end of 2026, with a CAGR of 21.5% during 2021-2026.
Global Cognitive Computing Scope and Market Size
Cognitive Computing market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cognitive Computing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Cognitive Computing market is segmented into Natural Language Processing (NLP), Machine Learning, Automated Reasoning, Others Technologies, etc.
Segment by Application, the Cognitive Computing market is segmented into SMBs, Large Enterprises, etc.
Regional and Country-level Analysis
The Cognitive Computing market is analysed and market size information is provided by regions (countries).
The key regions covered in the Cognitive Computing market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Cognitive Computing Market Share Analysis
Cognitive Computing market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Cognitive Computing business, the date to enter into the Cognitive Computing market, Cognitive Computing product introduction, recent developments, etc.
The major vendors include Google, IBM, Microsoft, Palantir, Saffron Technology, Cold Light, Cognitive Scale, Enterra Solutions, Numenta, Vicarious, etc.

This report focuses on the global Cognitive Computing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cognitive Computing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

Google
IBM
Microsoft
Palantir
Saffron Technology
Cold Light
Cognitive Scale
Enterra Solutions
Numenta
Vicarious

Market segment by Type, the product can be split into

Natural Language Processing (NLP)
Machine Learning
Automated Reasoning
Others Technologies

Market segment by Application, split into

SMBs
Large Enterprises

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Cognitive Computing status, future forecast, growth opportunity, key market and key players.
To present the Cognitive Computing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Cognitive Computing are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.