Cognitive Services

Cognitive Services

Global Cognitive Services Market to Reach $80.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Cognitive Services estimated at US$8.9 Billion in the year 2020, is projected to reach a revised size of US$80.1 Billion by 2027, growing at aCAGR of 36.9% over the period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 42% CAGR and reach US$68.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 21% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 35.3% CAGR

The Cognitive Services market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.1 Billion by the year 2027 trailing a CAGR of 35.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.7% and 31% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.1% CAGR.

Select Competitors (Total 42 Featured) -

  • Amazon Web Services, Inc.
  • Apple, Inc.
  • Attivio, Inc.
  • Baidu, Inc.
  • BMC Software, Inc.
  • Clarifai, Inc.
  • CognitiveScale
  • Expert System S.P.A.
  • Folio3 Software Inc.
  • Fusion Informatics Limited
  • Google, Inc.
  • IBM Corporation
  • Inbenta Technologies, Inc.
  • IPsoft Inc.
  • Kairos AR, Inc.
  • Megvii Technology Limited
  • Microsoft Corporation
  • Nokia Corporation
  • Nuance Communications, Inc.
  • Qualcomm Technologies, Inc.
  • SAS AB
  • Software AG
  • Softweb Solutions, Inc.
  • Squirro
  • Tata Consultancy Services Limited
  • Verbio Technologies S.L.


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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Cognitive Services: A Prelude
Massive Growth on the Cards for Cognitive Services Market
Rapidly Evolving Role of Cognitive Computing in Global IT Ecosystem Sets the Tone for Wider Uptake of Cognitive Services
A Look into High-Growth Business Applications of Cognitive Computing
Cognitive Services – Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Massive Increase in Uptake of IoT Creates Fertile Environment for Cognitive Services Market
A Look into IoT Spending Scenario
Worldwide IoT Spending in US$ Billion for the Years 2018 through 2022
Breakdown of Worldwide IoT Spending by End-Use Industry for the Year 2019
Worldwide IoT Spending: End-Use Industries Ranked by CAGR (Value) for 2018-2022
Cognitive Services Set to Make Gains in Enterprise IT Service Management
Cognitive Services Fully Acknowledge Data Quality Requirements of Modern Enterprises
eCommerce: High-Potential Growth Avenue for Cognitive Services
Cognitive Services Come to Fore to Improve Healthcare IT Capabilities
Cognitive Services Step-In to Dramatically Augment Supply Chain Management
Cognitive Services Seek Role in Smart City Infrastructure
Acknowledging the Potential, IT Leaders Jump into Cognitive Computing Bandwagon: A Review of Select Recently Unveiled Cognitive Tech Solutions
Microsoft Expands Azure Cognitive Services Offering with Anomaly Detector and Custom Vision
Box Skills from Box Now Supports the Microsoft Azure Cognitive Services
NIIT Technologies Rolls Out Cognitive Service Desk Audit through Microsoft Azure Platform
Nokia Unleashes Latest Version of Cognitive Analytics for Customer Insight Software
IBM Expands IBM Watson Cognitive Computing Platform with Addition of "Pretrained" AI Tools
Sisense Unveils Sisense Hunch Data Cognition Engine
Infosys Rolls Out Infosys Nia AI Platform with Cognitive Automation Capabilities
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Cognitive Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Cognitive Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
TABLE 3: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 5: World Recent Past, Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 9: World Cognitive Services Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
TABLE 10: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 11: World 7-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
TABLE 12: USA Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 13: USA 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 14: USA Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 15: USA 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
CANADA
TABLE 16: Canada Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 17: Canada 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 18: Canada Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 19: Canada 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
JAPAN
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
TABLE 20: Japan Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 21: Japan 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 22: Japan Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 23: Japan 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
CHINA
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
TABLE 24: China Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 25: China 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 26: China Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 27: China 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
EUROPE
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
TABLE 28: Europe Recent Past, Current & Future Analysis for Cognitive Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 29: Europe 7-Year Perspective for Cognitive Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
TABLE 30: Europe Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 31: Europe 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 32: Europe Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 33: Europe 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
FRANCE
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 34: France Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 35: France 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 36: France Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 37: France 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
GERMANY
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 38: Germany Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 39: Germany 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 40: Germany Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 41: Germany 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
ITALY
TABLE 42: Italy Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 43: Italy 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 44: Italy Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 45: Italy 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
UNITED KINGDOM
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 46: UK Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 47: UK 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 48: UK Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 49: UK 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
REST OF EUROPE
TABLE 50: Rest of Europe Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 51: Rest of Europe 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 52: Rest of Europe Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 53: Rest of Europe 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
ASIA-PACIFIC
Cognitive Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
TABLE 54: Asia-Pacific Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 55: Asia-Pacific 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 57: Asia-Pacific 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
REST OF WORLD
TABLE 58: Rest of World Recent Past, Current & Future Analysis for Cognitive Services by Deployment - Cloud and On-Premise - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 59: Rest of World 7-Year Perspective for Cognitive Services by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premise for the Years 2021 & 2027
TABLE 60: Rest of World Recent Past, Current & Future Analysis for Cognitive Services by End-Use - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 61: Rest of World 7-Year Perspective for Cognitive Services by End-Use - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2021 & 2027
IV. COMPETITION

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