Cognitive Analytics Market Trends And Opportunities, Global Size By Forecast 2020 to 2027
A New Study Title “Cognitive Analytics Market Size, Status And Forecast 2027” Has Been Featured On Market Research Future.
Cognitive Analytics Market Overview:
The global cognitive analytics market demand is growing with the increasing adoption of internet of things, which are propelling the cognitive analytics market growth to the large extent. Cognitive analytics helps in bridging the gap between large data volumes and need for decision making in real time. According to a recent study report published by the Market Research Future, The global market of cognitive analytics is expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2020-2027.
The cognitive analytics market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the cognitive analytics market highlights the future prediction and the growth alternatives that can be created.
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Major Key Players:
Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Nokia Networks (Finland), Saffron Technology (U.S.), ColdLight Solutions (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Cognitive Analytics Market.
Cognitive Analytics Global Market Competitive Analysis:
The market of Cognitive Analytics Market appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Cognitive Analytics Global Market Segmentation:
The Cognitive Analytics market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology: Natural Language Processing (NLP), Machine Learning, Automated Reasoning and among others.
Segmentation by Deployment: On Premise and on Cloud.
Segmentation by End – User: SMEs and Large Enterprises
Segmentation by Vertical: BFSI, Healthcare, Consumer Electronics & Retail, Education & Retail, IT & Telecommunication, Travel & Tourism, Aerospace & Defence, Oil & Gas and Others.
Segmentation by Regions: Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Cognitive Analytics Global Market Regional Analysis:
North America is dominating the global cognitive analytics market with the largest market share due to technical advancements and increasing need for real time analysis of massive, which are gaining demand in cognitive analytics market and is expected to gain growth by 2023. Global Cognitive Analytics market in European market is expected to grow at a substantial high CAGR during 2017 to 2023 due to the increasing amounts of complex data in large organizations. Asia Pacific market for cognitive analytics market is expected to grow at a considerable CAGR (2017-2023).
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