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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
In 2019, the global Cognitive Services market size was US$ 2335.8 million and it is expected to reach US$ 10720 million by the end of 2026, with a CAGR of 24.2% during 2021-2026.
Global Cognitive Services Scope and Market Size
Cognitive Services market is segmented 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 2015-2026.
Segment by Type, the Cognitive Services market is segmented into Machine learning and deep learning, Natural Language Processing (NLP), etc.
Segment by Application, the Cognitive Services market is segmented into BFSI, Healthcare, Retail, IT and telecommunication, Government and education, Manufacturing, Others, etc.
Regional and Country-level Analysis
The Cognitive Services market is analysed and market size information is provided by regions (countries).
The key regions covered in the Cognitive Services 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.
Cognitive Services 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 Services business, the date to enter into the Cognitive Services market, Cognitive Services product introduction, recent developments, etc.
The major vendors include 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, etc.
This report focuses on the global Cognitive Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cognitive Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
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
Machine learning and deep learning
Natural Language Processing (NLP)
BFSI
Healthcare
Retail
IT and telecommunication
Government and education
Manufacturing
Others
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Cognitive Services status, future forecast, growth opportunity, key market and key players.
To present the Cognitive Services 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 Services are as follows:
History Year: 2015-2019
2019
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.
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
In 2019, the global Cognitive Services market size was US$ 2335.8 million and it is expected to reach US$ 10720 million by the end of 2026, with a CAGR of 24.2% during 2021-2026.
Global Cognitive Services Scope and Market Size
Cognitive Services market is segmented 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 2015-2026.
Segment by Type, the Cognitive Services market is segmented into Machine learning and deep learning, Natural Language Processing (NLP), etc.
Segment by Application, the Cognitive Services market is segmented into BFSI, Healthcare, Retail, IT and telecommunication, Government and education, Manufacturing, Others, etc.
Regional and Country-level Analysis
The Cognitive Services market is analysed and market size information is provided by regions (countries).
The key regions covered in the Cognitive Services 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 Services Market Share AnalysisCognitive Services 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 Services business, the date to enter into the Cognitive Services market, Cognitive Services product introduction, recent developments, etc.
The major vendors include 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, etc.
This report focuses on the global Cognitive Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cognitive Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
IBM
Microsoft
AWS
Baidu
Nuance Communications
Qualcomm Technologies
SAS
Apple
TCS
Nokia
Expert System
Verbio Technologies
Softweb Solutions
Folio3 Software
Fusion Informatics
Inbenta
Cognitivescale
Ipsoft
Market segment by Type, the product can be split into
Machine learning and deep learning
Natural Language Processing (NLP)
Market segment by Application, split into
BFSI
Healthcare
Retail
IT and telecommunication
Government and education
Manufacturing
Others
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 Services status, future forecast, growth opportunity, key market and key players.
To present the Cognitive Services 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 Services are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast 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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
