Global Cognitive Analytics Market Size study & Forecast, by Deployment, by Component, by Technology Type (Natural Language Processing, Machine Learning, Automated Reasoning), by End User and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of 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. It places the market within the context of the wider Cognitive Analytics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Cognitive Analytics market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Cognitive Analytics Market is valued at approximately USD 2.77 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 40% over the forecast period 2023-2030. Cognitive analytics refers to the use of advanced technologies, such as artificial intelligence (AI), machine learning, natural language processing, and data mining, to analyze and interpret complex sets of data and provide insights and actionable intelligence. It combines the fields of cognitive computing and data analytics to gain a deeper understanding of data and enable decision-making. The Cognitive Analytics Market is expanding because of factors such as the increasing adoption of big data and cloud computing and the increasing volume of unstructured data.
The rising volume of unstructured data across the globe is fostering market growth. International Data Corporation predicts that by 2025, there would be 175 zettabytes of data worldwide (that’s 175 with 21 zeros), with 80% of that data being unstructured, up from 2.6 ZB in 2018. In addition, the increasing adoption of cognitive computing technology and increasing adoption of AI based business applications is creating lucrative growth in the market. However, the high cost of cognitive analytics and complex analytical process stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cognitive Analytics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, a rising amount of data generation, and rising technological advancement in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising demand from end use industries, and rising volume of data generated in the market space.
Major market players included in this report are:
- Amazon Web Services, Inc.
- Google LLC
- Oracle Corporation
- SAS Institute
- International Business Machines Corporation
- Intel Corporation
- Microsoft Corporation
- Cisco Systems Inc.
- Narrative Science
- Nuance Communications, Inc.
Recent Developments in the Market:
In March 2023, Tata Consultancy Services (TCS) has announced the release of TCS Cognitive Plant Operations Adviser for the Microsoft Azure Private Mobile Edge Computing (PMEC) platform, a 5G-enabled solution. This will help businesses in industries including manufacturing, oil and gas, consumer packaged products, and pharmaceuticals as they restructure their output. This approach employs AI and machine learning to improve the intelligence, adaptability, and resilience of production.
Global Cognitive Analytics Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Deployment, Component, Technology Type, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Componentofferings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment:
- On-Premise
- On-Demand
By Component:
- Tools
- Services
By Technology Type:
- Natural Language Processing (NLP)
- Machine Learning
- Automated Reasoning
By End User:
- BFSI
- Manufacturing
- IT & telecommunication
- Aerospace and Defense
- Healthcare
- Retail and Consumer Goods
- Other End-user Industries
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- Analysis and Interpretation: Provides an in-depth examination and interpretation of the findings. It may involve comparing data, identifying trends, and drawing conclusions based on the evidence presented.
- Discussion: Explores the implications and significance of the findings within the broader context. This section may address challenges, opportunities, and potential solutions related to the subject matter.
- Recommendations: Offers actionable suggestions based on the analysis and findings of the report. Recommendations should be specific, feasible, and linked to the report’s objectives.
- References/Citations: Includes a list of sources, references, or citations used in the report. This ensures proper attribution and allows readers to explore the referenced material.
- Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
- Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.
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Geographical Breakdown: 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 impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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➣ Ques: Does this research take the market impact of COVID-19 and the Russia-Ukraine conflict into account?
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“Please refer to Summary for the list of key players.”
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- When putting together the study, we consult both primary and secondary data.
You can divide the sources of data used in this study into primary and secondary sources. In-depth interviews with significant industry figures, such as seasoned employees, directors, CEOs, and marketing professionals, constitute primary sources. Input is also obtained from end users and downstream distributors. Comparatively, secondary sources entail studying the annual and financial reports of leading corporations as well as publicly accessible records and publications. Additionally, the project requires working with a few outside datasets.
“Please refer to the Chapters for a more comprehensive list of data sources.”
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Key Points Covered in Cognitive Analytics Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Cognitive Analytics Market, by Region, 2020-2030 (USD Billion)
1.2.2. Cognitive Analytics Market, by Deployment, 2020-2030 (USD Billion)
1.2.3. Cognitive Analytics Market, by Component, 2020-2030 (USD Billion)
1.2.4. Cognitive Analytics Market, by Technology Type, 2020-2030 (USD Billion)
1.2.5. Cognitive Analytics Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cognitive Analytics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cognitive Analytics Market Dynamics
3.1. Cognitive Analytics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing adoption of big data and cloud computing
3.1.1.2. Increasing Volume of Unstructured Data
3.1.2. Market Challenges
3.1.2.1. High Cost of Cognitive Analytics
3.1.2.2. Complex Analytical Process
3.1.3. Market Opportunities
3.1.3.1. Increasing Adoption of Cognitive Computing Technology
3.1.3.2. Increasing adoption of AI based business applications
Chapter 4. Global Cognitive Analytics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
……..and view more in complete table of Contents
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