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:
By Component:
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
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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
Chapter 5. Global Cognitive Analytics Market, by Deployment
- 5.1. Market Snapshot
- 5.2. Global Cognitive Analytics Market by Deployment, Performance - Potential Analysis
- 5.3. Global Cognitive Analytics Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
- 5.4. Cognitive Analytics Market, Sub Segment Analysis
- 5.4.1. On-Premise
- 5.4.2. On-Demand
Chapter 6. Global Cognitive Analytics Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Cognitive Analytics Market by Component, Performance - Potential Analysis
- 6.3. Global Cognitive Analytics Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 6.4. Cognitive Analytics Market, Sub Segment Analysis
- 6.4.1. Tools
- 6.4.2. Services
Chapter 7. Global Cognitive Analytics Market, by Technology Type
- 7.1. Market Snapshot
- 7.2. Global Cognitive Analytics Market by Technology Type, Performance - Potential Analysis
- 7.3. Global Cognitive Analytics Market Estimates & Forecasts by Technology Type 2020-2030 (USD Billion)
- 7.4. Cognitive Analytics Market, Sub Segment Analysis
- 7.4.1. Natural Language Processing (NLP)
- 7.4.2. Machine Learning
- 7.4.3. Automated Reasoning
Chapter 8. Global Cognitive Analytics Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Cognitive Analytics Market by End User, Performance - Potential Analysis
- 8.3. Global Cognitive Analytics Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 8.4. Cognitive Analytics Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. Manufacturing
- 8.4.3. IT & telecommunication
- 8.4.4. Aerospace and Defense
- 8.4.5. Healthcare
- 8.4.6. Retail and Consumer Goods
- 8.4.7. Other End-user Industries
Chapter 9. Global Cognitive Analytics Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Cognitive Analytics Market, Regional Market Snapshot
- 9.4. North America Cognitive Analytics Market
- 9.4.1. U.S. Cognitive Analytics Market
- 9.4.1.1. Deployment breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Technology Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Cognitive Analytics Market
- 9.5. Europe Cognitive Analytics Market Snapshot
- 9.5.1. U.K. Cognitive Analytics Market
- 9.5.2. Germany Cognitive Analytics Market
- 9.5.3. France Cognitive Analytics Market
- 9.5.4. Spain Cognitive Analytics Market
- 9.5.5. Italy Cognitive Analytics Market
- 9.5.6. Rest of Europe Cognitive Analytics Market
- 9.6. Asia-Pacific Cognitive Analytics Market Snapshot
- 9.6.1. China Cognitive Analytics Market
- 9.6.2. India Cognitive Analytics Market
- 9.6.3. Japan Cognitive Analytics Market
- 9.6.4. Australia Cognitive Analytics Market
- 9.6.5. South Korea Cognitive Analytics Market
- 9.6.6. Rest of Asia Pacific Cognitive Analytics Market
- 9.7. Latin America Cognitive Analytics Market Snapshot
- 9.7.1. Brazil Cognitive Analytics Market
- 9.7.2. Mexico Cognitive Analytics Market
- 9.8. Middle East & Africa Cognitive Analytics Market
- 9.8.1. Saudi Arabia Cognitive Analytics Market
- 9.8.2. South Africa Cognitive Analytics Market
- 9.8.3. Rest of Middle East & Africa Cognitive Analytics Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Amazon Web Services, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Google LLC
- 10.3.3. Oracle Corporation
- 10.3.4. SAS Institute
- 10.3.5. International Business Machines Corporation
- 10.3.6. Intel Corporation
- 10.3.7. Microsoft Corporation
- 10.3.8. Cisco Systems Inc.
- 10.3.9. Narrative Science
- 10.3.10. Nuance Communications, Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption