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Press Release / Technology / Cognitive Computing Technology Market is expected to grow at a CAGR of 35% by Forecast to 2023

Cognitive Computing Technology Market is expected to grow at a CAGR of 35% by Forecast to 2023

By kiran on December 06 2018 | 10 Views

Cognitive Computing Technology Market: Technology (NLP, Machine Learning, Automated Reasoning)

Market Synopsis:
According to the analysis of Market Research Future, the global cognitive computing technology market is expected to register a CAGR of 35% over the forecast period, 2017-2023.
According to Market Research Future, the global cognitive computing technology market has been segmented into the technology, organization size, end-user, deployment, and region
By Technology, the market is segmented into natural language processing (NLP), machine learning, automated reasoning, and others. On the basis of organization size, the market is segmented into small and medium enterprise, and large enterprise. Among these, two organization categories, the large enterprises are expected to invest a huge amount in the cognitive computing market. However, due to extensive adoption of cloud services, small and medium enterprises also tend to indulge in the global cognitive computing market.
On the basis of end-user, the market is segmented into banking & financial service, retail, aerospace & defense, IT & telecommunication, energy & power, automotive & transportation, and others. In the area of IT & Telecommunication, Cognitive Computing Technology Market are built to expand, accelerate, and, increase expertise within the industry. The data flowing within the sector is increasing rapidly, causing the system to break down. Cognitive computing solution helps in maintaining the data loads thereby reducing the operation to a fraction of the time, and with much higher reliability.
On the basis of deployment, the market is segmented into on-premises, on-cloud. The deployment model always carries a question on security and pricing. The organizations that are more focused towards the safety tend to use more of on-premise deployment whereas, regarding pricing, the cloud deployment is feasible. The cognitive computing helps the enterprises to stay competitive and drive revenue. It benefits organizations by identifying device malfunction and determine the best course of remedial action.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.
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Major Key Players:

SparkCognition Inc (U.S.)
Expert System S.p.A. (Italy)
Microsoft Corporation (U.S.)
International Business Machines Corporation (U.S.)
Numenta (U.S.)
DeepMind Technologies Limited (U.K)
Cisco Systems, Inc (U.S.)
CustomerMatrix Inc (U.S.)
CognitiveScale (U.S.)
Hewlett Packard Enterprise (U.S.)

Other vendors include Google, Inc (U.S.), Palantir Technologies (U.S.), Saffron Technology, Inc (U.S.), ColdLight Solutions (U.S.), Enterra Solutions LLC (U.S.), Vicarious (U.S.), Airware (U.S.), DigitalGenius (U.K), DataRobot (U.S.), Ross Intelligence (U.S.), Cylance (U.S.), Orbital Insight (U.S.), Planet labs (U.S.), Vicarious (U.S.), Darktrace (U.K), Cyberlytic (U.K), Indico (U.S.) among others.
Segmentation:

By the Technology, the market is segmented into natural language processing (NLP), machine learning, automated reasoning, and others.
On the basis of organization size, the market is segmented into small and medium enterprise, and large enterprise.
On the basis of end-user, the market is segmented into banking & financial service, retail, aerospace & defense, IT & telecom, energy & power, automotive & transportation, and others
On the basis of deployment, the market is segmented into on cloud and on-premise.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.

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Regional Analysis
The global cognitive computing technology market is estimated to grow at a significant rate during the forecast period due to higher demand for faster and secure storage devices. The geographical analysis of Cognitive Computing Technology market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America).
Among the regions mentioned above, at present, the market is highly dominated by North America. The reason behind high market share of North America is the technological advancements and growing volume of unstructured data. Additionally, heavy investments in research & development from the leading vendors are also helping in the market to develop.
On the other hand, Europe ranks second in terms of market share in the cognitive computing market. Europe is a technologically matured region with mature economies like Germany, the U.K, and France. However, Asia Pacific is expected to show the highest growth rate during the forecast period.
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Intended Audience:

Games Manufacturers
Distribution Centers
Software Developers
Manufacturing Companies
Healthcare Service provider

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
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Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com



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