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Global Cognitive System Market

The cognitive system is a suit of technologies, which extracts the insights form the structured and unstructured data by using machine learning and natural language processing technology. The increasing unstructured data, such as call center transcripts, documents, email messages, social media content, and social networking sites contents has become one of the major factors for the growth of the cognitive system market. For instance, approximately 300 million photos are uploaded on Facebook per day, 510 thousand comments are posted, and 293 thousand statuses are updated in every 60 seconds. Similarly, on YouTube near 27,000 videos are viewed in 60 seconds, nearly 430,000 tweets are posted on Twitter, and around 120 new users are registered on LinkedIn. The natural language processing plays a major role in cognitive system for insights. With the help of natural language processing, the cognitive system extracts the insights from the plain text. This helps company managers and supervisors to understand the customer demand and product description. Moreover, the increasing usage of artificial intelligence in various increasing verticals and constant advancement in data processing technology are some of the drivers fueling the growth of cognitive system market globally.

The global cognitive system market was valued at US$ 8 billion in 2016. By the end of the year 2025, the market is projected to reach US$ 88.14 billion with a CAGR of 29.02% during the forecast period (2017–2025).

Figure. Global Cognitive systems Market, by (2016)

cognitive systems market

Source: Coherent Market Insights Analysis

The machine learning segment is projected to grow with largest CAGR over the forecast period.

On the basis of technology, the market is diversified into machine learning, natural language processing, planning and scheduling. The natural language processing market held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Natural language processing helps the cognitive system to extract the meaning full information from plain text. In addition, the machine learning segment is projected to grow with the largest CAGR over the forecast period. The cognitive system has the capability of continues learning, which helps to deliver the grater values. Hence, this helps to increase the capability of machine learning and improve their expertise by auto-learning.

The Banking segment is projected to hold the dominating position

On the basis of end users, the cognitive system market is diversified into banking, education, government, healthcare, insurance, manufacturing, security and investment, telecommunications, transportation and others. The banking segment is projected to hold the dominating position over the forecast period. High demand for customer services, advisory, and investment consulting have raised the demand for the cognitive system in the banking sector. In addition, the healthcare segment is projected to grow with largest CAGR throughout the forecast period.

North America holds a dominant position in the global Cognitive systems market

According to Coherent Market Insights, North America held the dominant position in the global Cognitive systems market in 2016 and is projected to retain its dominance throughout the forecast period. In 2016, the North America cognitive system market generated a value of US$ 5.16 million. The U.S and Canada are the major countries driving the growth for Cognitive systems market in North America region. In addition, the Asia Pacific cognitive system market is projected to grow with the largest CAGR over the forecast period. The increasing adoption of digitalization in public, government, and industrial sector and advancement in IT infrastructure have increased the market of cognitive system in Asia Pacific region. India, china, and Japan are some of the major economies, which are driving the growth of cognitive market in Asia Pacific region.

The cognitive system is a model of human thought process in computerization model. The cognitive system has a feature of self-learning system with the integration of natural language processing, pattern recognition, and data mining. Global cognitive system market has generated a revenue of US$ 8 billion in 2016. By the end of 2025, the cognitive system market is projected to reach US$ 88.14 billion with exhibiting a CAGR of 29.02%.

Market Dynamics

The increasing unstructured data such as call center transcripts, documents, email messages, social media content, social networking sites contents has become one of the major factors for the growth of the cognitive system market. Moreover, the increasing usage of artificial intelligence in various increasing verticals and constant advancement in data processing technology are the factors fueling the growth of the cognitive system market globally. In addition, the banking end users verticals are driving the growth of the cognitive systems market.

Market Taxonomy

This report segments the global cognitive system market on the basis of deployment model, technology, end users, and geography. On the basis of deployment model, the market is segmented into cloud and on-premises. Based on technology, the market is segmented into machine learning, natural language processing, planning and scheduling. Also, based on end users, the market is segmented into banking, education, government, healthcare, insurance, manufacturing, security and investment, telecommunications, transportation and others. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

  • This report provides an in-depth analysis of the cognitive system market with market size (US$ Million) and CAGR (%) for the forecast period: 2017–2025, considering 2016 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global cognitive system market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies.
  • Key companies covered as a part of this study include HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute, and Teradata.
  • Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics.
  • Various strategy matrices used in analyzing the cognitive system market would provide stakeholders vital inputs to make strategic decisions accordingly.

Detailed Segmentation:

  • Global Cognitive system Market, By Deployment Model:
    • Cloud
    • On-Premises
  • Global Cognitive system Market, By Technology:
    • Machine Learning
    • Natural Language Processing
    • Planning and scheduling
  • Global Cognitive system Market, By End Users:
    • Banking
    • Education
    • Government
    • Healthcare
    • Insurance
    • Manufacturing
    • Security and Investment
    • Telecommunications
    • Transportation
    • Others
  • Global Cognitive system Market, By Geography:
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest Of Asia Pacific
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Rest Of Asia Pacific
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest Of Middle East
      • By Segmentation
        • By Deployment Model
          • Cloud
          • On-Premises
        • By Technology
          • Machine Learning
          • Natural Language Processing
          • Planning and scheduling
        • By End Users
          • Banking
          • Education
          • Government
          • Healthcare
          • Insurance
          • Manufacturing
          • Security and Investment
          • Telecommunications
          • Transportation
          • Others
  • Company Profiles
    • HP*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • IBM
    • Microsoft
    • Accenture
    • DataStax
    • EMC
    • Google
    • MapR Technologies
    • SAS Institute
    • Teradata

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Deployment Model
      • Market Snippet By Application
      • Market Snippet By Vertical
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. Global Cognitive System Market, By Deployment Model, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Cloud
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • On-Premises
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  5. Global Cognitive System Market, By Technology, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Machine Learning
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Natural Language Processing
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Planning and scheduling
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  6. Global Cognitive System Market, By Vertical, 2015 - 2025 (USD Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Banking
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Education
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Government
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Insurance
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Security and Investment
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Telecommunications
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Transportation
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2015 - 2025, (USD Million)
  7. Global Cognitive System Market, By Regions, 2015 - 2025 (USD Million)
    • Introduction
    • Market Share Analysis, By Region, 2016 and 2025 (%)
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
    • Europe
      • By Country
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest Of Asia Pacific
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Rest Of Asia Pacific
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest Of Middle East
      • By Segment
        • Market Size and Forecast, By Deployment Model, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (USD Million)
        • Market Size and Forecast, By End Users, 2015 - 2025 (USD Million)
  8. Competitive Landscape
    • Company Profiles
      • HP
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • IBM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Microsoft
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Accenture
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • DataStax
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • EMC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Google
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • MapR Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • SAS Institute
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Teradata
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on "Cognitive System (CGM) Market - Global forecast to 2025”.

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