Global Cognitive Services Market Size, Status and Forecast 2022

Cognitive Services are a set of machine learning algorithms that Microsoft has developed to solve problems in the field of Artificial Intelligence (AI)
North America is expected to have the largest market size in the cognitive services market, while Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. In North America, the cognitive services technology is effectively used for various business applications, such as market analysis, diagnosis and treatment system, safety and security management, and supply chain management.

Market Analysis and Insights: Global Cognitive Services Market
The global Cognitive Services market size is projected to reach US$ 13310 million by 2027, from US$ 2840.4 million in 2020, at a CAGR of 24.2% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cognitive Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cognitive Services market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cognitive Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cognitive Services market.

Global Cognitive Services Scope and Market Size
Cognitive Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Cognitive Services 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 2016-2027.

Segment by Type
Machine Learning and Deep Learning
Natural Language Processing (NLP)

Segment by Application
BFSI
Healthcare
Retail
IT and Telecommunication
Government and Education
Manufacturing
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
IBM
Microsoft
Google
AWS
Baidu
Nuance Communications
Qualcomm Technologies
SAS
Apple
TCS
Nokia
Expert System
Verbio Technologies
Softweb Solutions
Folio3 Software
Fusion Informatics
Inbenta
Cognitivescale
Ipsoft