Press Release / Technology / Cognitive Services Platform Market Research Report by Forecast to 2023

Cognitive Services Platform Market Research Report by Forecast to 2023

Cognitive Services Platform Market Highlights:
The global cognitive services platform market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the cognitive services platform market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of cognitive services platform market.
This is owing to the presence of large number of established key players like IBM Corporation and Microsoft Corporation and also upcoming companies in cognitive services platform like CognitiveScale in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity.
This is expected to be a major factor for the growth of Cognitive Services Platform Market. Growing adoption of artificial intelligence and internet of things in corporate, retail and healthcare sector is another major factor driving the growth of cognitive services platform market in the region. Increasing adoption by small and medium businesses could be a major factor driving the growth of cognitive services platform market in the region.
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Major Key Players:

IBM Corporation (U.S.)
Tata Consultancy Services Limited (India)
Infosys Limited (India)
Wipro Limited (India)
Google, Inc. (U.S.)
Microsoft Corporation (U.S.)
General Electric (U.S.)
Attivio (U.S.)
Enterra Solutions LLC (U.S.)
Numenta (U.S.)

Regional Analysis:
The regional analysis of cognitive services platform market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The major growth in cognitive services platform market in North America is attributed to technological advancements and increasing popularity of artificial intelligence in that region.
Cognitive Services Platform Market Segmentation:
The cognitive services platform market has been segmented on the basis of service, end user and vertical. The end user segment is further bifurcated into small and medium businesses and large enterprises. Cognitive services platform is increasingly being adopted by many small and large enterprises today owing to its efficiency in providing real time analysis of massive and diversified data.
Cognitive services platform helps in building of cognitive applications which in turn helps these organizations in proper data interpretation and in driving the return on investment factor.
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Intended Audience:

Technology Investors
Research/Consultancy Firms
Infrastructure Providers
OEM technology solution providers
Services Platform Solution Provider
System Integrators
Technology Providers
External Service Providers (ESPs)
Corporate Sector

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