Cognitive Computing Market is projected to expand at a CAGR of 24.45% over the forecast period to reach US$15.183 billion by 2022, increasing from US$5.086 billion in 2017. Cognitive computing enables the processing of huge volumes of complex data and enhances the enterprise's productivity levels. With the help of natural language processing, machine learning, and automated reasoning; Cognitive Computing translates unstructured data such as images, videos, natural language and symbols to infer and predict the best solution. The major application industries of the Cognitive Computing Market include BFSI, healthcare, and military and defence among others. The key factors driving the growth of the industry are harness the speed of the internet and increasing the volume of unstructured data. Other factors contributing to the growth of the market include the development of innovative hardware and software systems and Cloud-based technological advancements. The Natural Language Processing segment is the highest revenue-generating technology of cognitive computing. Higher investment by major players is also expected to boost the market substantially. Conversely, the major restraining factors are a lack of awareness regarding this technology.
Americas region dominated the Cognitive Computing Market, while the Asia Pacific region is expected to grow at the fastest pace, due to increasing adoption of these solutions by SMBs and higher deployment of cloud-based services.
This section of the report presents a detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
Comprehensive market dynamics have been analyzed through key market driving factors, challenges to growth and the opportunities which exist for vendors in the current scenario. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Cognitive Computing. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Cognitive Computing Market has been segmented on the basis of Technology, Vertical, End User, Deployment Type and Geography as follows:
Natural Learning Processing (NLP)
Others (Information Retrieval)
By End User
By Deployment Type
Military and Defense
Communication and Technology
Europe Middle East and Africa
Middle East and Africa
Competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are International Business Machines Corporation (IBM), Google, Microsoft Corporation, Nuance Communications, 3M, and Hewlett Packard (HP) among others.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentations
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. Cognitive Computing Market Forecast by Technology (US$ billion)
5.1. Natural Learning Processing (NLP)
5.2. Machine Learning
5.3. Automated Reasoning
5.4. Others (Information Retrieval)
6. Cognitive Computing Market Forecast by End User (US$ billion)
7. Cognitive Computing Market Forecast by Deployment Type (US$ billion)
7.1. Cloud Based
8. Cognitive Computing Market Forecast by Vertical (US$ billion)
8.5. Military and Defense
8.6. Communication and Technology
9. Cognitive Computing Market by Geography (US$ billion)
9.1.1. North America
9.1.2. South America
9.2. Europe Middle East and Africa
9.2.2. Middle East and Africa
9.3. Asia Pacific
10. Competitive Intelligence
10.1. Investment Analysis
10.2. Recent Deals
10.3. Strategies of Key Players
11. Company Profiles
11.1. International Business Machines Corporation (IBM)
11.4. Nuance Communications
11.6. Hewlett Packard (HP)
11.9. Tibco Software
11.10. Oracle Corporation
International Business Machines Corporation (IBM)
Hewlett Packard (HP)
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