Product Code: r5582
“Cognitive Analytics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cognitive analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for cognitive analytics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cognitive analytics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Tools; Services
- 2) By Technology Type: Natural Language Processing (NLP); Machine Learning; Automated Reasoning; Technology Snapshot
- 3) By Deployment: On-Premise; Cloud
- 4) By Application: Asset Maintenance; Fraud and Risk Management; Customer Analysis and Personalization; Sales and Marketing Management; Supply Chain Management; Other Application
- 5) By End Users: Banking, Financial Services, and Insurance (BFSI); Telecommunications and IT; Retail and Consumer Goods; Healthcare and Life Sciences; Manufacturing; Government and Defense; Energy and Utilities; Media and Entertainment; Transportation and Logistics; Other Industries
- Companies Mentioned: IBM Corporation; Intel Corporation; Microsoft Corporation; SAS Institute; Cisco Systems
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the cognitive analytics market are: IBM Corporation, Intel Corporation, Microsoft Corporation, SAS Institute, Cisco Systems, IPsoft, Amazon Web Services, Oracle, , Nokia, Sinequa, Hewlett Packard Enterprise, Persado, Tech Mahindra, Infosys, and Cognizant.
The global cognitive analytics market is expected to grow from $5.19 billion in 2022 to $7.10 billion in 2023 at a compound annual growth rate (CAGR) of 36.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The cognitive analytics market is expected to grow to $24.95 billion in 2027 at a CAGR of 36.9%.
The cognitive analytics market includes revenues earned by entities by providing text analytics, voice recognition and analytics, image and visual analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Cognitive analytics refers to an analytical strategy used to identify business possibilities, assess new trends, streamline procedures, lower risk, adjust to changing circumstances, and address urgent process-related problems immediately. The primary purpose of cognitive analytics is to provide an intelligent technology analysis that incorporates a variety of analytic methods to examine massive data sets and provide unstructured data structures.
North America was the largest region in the cognitive analytics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive analytics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main component of cognitive analytics are tools and services. The tools component of cognitive analytics are used to aggregate data from several corporate systems into a repository. Tools refer to certain categories of application software that gather information from various business systems and place it in a repository, like a data warehouse, so that it may be examined and analysed. The technology used are natural language processing (NLP), machine learning, automated reasoning, and technology snapshot, which are deployed on-premise and cloud, that are applied in asset maintenance, fraud and risk management, customer analysis and personalization, sales and marketing management, supply chain management, and other. It is used by banking, financial services, and insurance (BFSI), telecommunications and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, media and entertainment, transportation and logistics, and others.
The growing usage of cloud technology is expected to propel the growth of the cognitive analytics market going forward. Cloud computing has emerged as a powerful influence in recent years. It handle massive amounts of data while also allowing for global deployment, allowing firms to develop more inventive and dynamic working methods. Internet-connected devices enable people to access servers, storage, data, software, and other resources. Cloud technologies allow cognitive analytics to securely store and share these new and innovative data, applications, and APIs. For instance, In December 2021, according to data published by Eurostat, Cloud technology was trendy in large organizations, as 72% used it in 2021, a 7 % increase over 2020. Cloud computing will be adopted by 53% of medium-sized businesses in 2021, up from 46% in 2020. Furthermore, In March 2022, According to Flexera's 2022 State of the Cloud Report, organizations reported spending more than $12 million yearly in 37% of cases in 2021 and more than $1.2 million on clouds in 80% of cases. Therefore, the growing usage of cloud technology is driving the growth of the cognitive analytics market.
Technological advancements are a key trend gaining popularity in the cognitive analytics market. Advanced cognitive analytics applies human-like intelligence to specific tasks and combines various intelligent technologies. Major companies operating in the market are developing advanced technologies such as semantics, artificial intelligence algorithms, deep learning, and machine learning to sustain their position in the cognitive analytics market. For instance, In August 2020, Infosys, an India-based information technology company, launched the cognitive email workbench. It integrates robotic process automation (RPA) platform actions with NLP-based AI intelligence to automate the steps necessary for responding to email-based inquiries and service requests. Its unique features make it possible to automate email responses to customer and vendor inquiries in various business processes, such as order management and accounts payable, in both an assisted and unassisted manner. It can identify consumer intent by filtering out quality from emails, sense and respond to customers' and partners' email queries, and provide customized and carefully curated offers using customer analytics.
In January 2022, ei3, a US-based provider of connected AI solutions for machine builders and manufacturers, acquired Cognitive Solutions and Innovation AG for an undisclosed amount. This acquisition is a perfect fit for ei3 and would improve its IIoT product portfolio with top-notch data analytics. Cognitive Solutions and Innovation AG, also known as COGSI AG, is a Switzerland-based provider of advanced artificial intelligence solutions, cognitive analytics intelligence.
The countries covered in the cognitive analytics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The cognitive analytics market research report is one of a series of new reports from The Business Research Company that provides cognitive analytics market statistics, including cognitive analytics industry global market size, regional shares, competitors with a cognitive analytics market share, detailed cognitive analytics market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive analytics industry. This cognitive analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Cognitive Analytics Market Characteristics
3. Cognitive Analytics Market Trends And Strategies
4. Cognitive Analytics Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Cognitive Analytics Market
- 4.2. Ukraine-Russia War Impact On Cognitive Analytics Market
- 4.3. Impact Of High Inflation On Cognitive Analytics Market
5. Cognitive Analytics Market Size And Growth
- 5.1. Global Cognitive Analytics Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Cognitive Analytics Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Cognitive Analytics Market Segmentation
- 6.1. Global Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tools
- Services
- 6.2. Global Cognitive Analytics Market, Segmentation By Technology Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Natural Language Processing (NLP)
- Machine Learning
- Automated Reasoning
- Technology Snapshot
- 6.3. Global Cognitive Analytics Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premise
- Cloud
- 6.4. Global Cognitive Analytics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Asset Maintenance
- Fraud And Risk Management
- Customer Analysis And Personalization
- Sales And Marketing Management
- Supply Chain Management
- Other Applications
- 6.5. Global Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications and IT
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Manufacturing
- Government and Defense
- Energy and Utilities
- Media and Entertainment
- Transportation and Logistics
- Other Industries
7. Cognitive Analytics Market Regional And Country Analysis
- 7.1. Global Cognitive Analytics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Cognitive Analytics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Cognitive Analytics Market
- 8.1. Asia-Pacific Cognitive Analytics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Cognitive Analytics Market
- 9.1. China Cognitive Analytics Market Overview
- 9.2. China Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Cognitive Analytics Market
- 10.1. India Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Cognitive Analytics Market
- 11.1. Japan Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Cognitive Analytics Market
- 12.1. Australia Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Cognitive Analytics Market
- 13.1. Indonesia Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Cognitive Analytics Market
- 14.1. South Korea Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Cognitive Analytics Market
- 15.1. Western Europe Cognitive Analytics Market Overview
- 15.2. Western Europe Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Cognitive Analytics Market
- 16.1. UK Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Cognitive Analytics Market
- 17.1. Germany Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Cognitive Analytics Market
- 18.1. France Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Cognitive Analytics Market
- 19.1. Eastern Europe Cognitive Analytics Market Overview
- 19.2. Eastern Europe Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Cognitive Analytics Market
- 20.1. Russia Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Cognitive Analytics Market
- 21.1. North America Cognitive Analytics Market Overview
- 21.2. North America Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Cognitive Analytics Market
- 22.1. USA Cognitive Analytics Market Overview
- 22.2. USA Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Cognitive Analytics Market
- 23.1. South America Cognitive Analytics Market Overview
- 23.2. South America Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Cognitive Analytics Market
- 24.1. Brazil Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Cognitive Analytics Market
- 25.1. Middle East Cognitive Analytics Market Overview
- 25.2. Middle East Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Cognitive Analytics Market
- 26.1. Africa Cognitive Analytics Market Overview
- 26.2. Africa Cognitive Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Cognitive Analytics Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Cognitive Analytics Market Competitive Landscape And Company Profiles
- 27.1. Cognitive Analytics Market Competitive Landscape
- 27.2. Cognitive Analytics Market Company Profiles
- 27.2.1. IBM Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Intel Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Microsoft Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. SAS Institute
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Cisco Systems
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Cognitive Analytics Market
29. Cognitive Analytics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer