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Global Cognitive Systems Market 2016-2020

About the Cognitive Systems Market

Cognitive systems include applications with capabilities to enhance human decisions. These systems take advantage of cognitive computing capabilities of vast data-processing power, adding of channels for data collection, and environmental setting to deliver practical business insights. In addition, they use analytics to process data collected and deliver useful insights. The present cognitive systems are mostly passive in nature and require assistance from humans to initiate an action and generate an output or a response. This interaction is often made through text typed via a computer, a mobile app, or a web portal. We expect future cognitive systems would enable enhanced natural interaction with users, including voice and visualization. The cognitive systems will also become increasingly more interactive and engaging. Significant advances in technology have already been made to understand users better and deliver responses fit for user’s specific locative and temporal context.

Technavio’s analysts forecast the global cognitive systems market to grow at a CAGR of 55.57% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cognitive systems market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of cognitive systems globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cognitive Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • HP
  • IBM
  • Microsoft
  • SE
Other prominent vendors
  • Accenture
  • Alteryx
  • Attivio
  • Cloudera
  • Continuum Analytics
  • DataStax
  • EMC
  • Google
  • Hortonworks
  • MapR Technologies
  • SAS Institute
  • Teradata
Market driver
  • Aids change in human and system interaction
  • For a full, detailed list, view our report
Market challenge
  • Complex learning process
  • For a full, detailed list, view our report
Market trend
  • Growing demand for predictive analytics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cognitive Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the global cognitive systems market: HP, IBM, Microsoft, and SAP.

Other Prominent Vendors in the market are: Accenture, Alteryx, Attivio, Cloudera, Continuum Analytics, DataStax, EMC, Google, Hortonworks, MapR Technologies, SAS Institute, and Teradata.

Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the growing demand for predictive analytics. Cognitive system integration allows communicative transfer of real-time data between machines and networks. The need to strategically analyze and monitor information will ultimately impact the global cognitive systems market that is predicted to grow at a rapid pace during the forecast period. Businesses have realized that they can use big data to optimize costs, deliver better services, and boost revenues.”

According to the report, cognitive systems significantly extend human capabilities by providing expert assistance. They offer advice by developing deep domain insights and bringing this information to the end-user in a timely, natural, and usable way. For instance, in the financial sector, cognitive systems not only help in broadening work capabilities for bank employees but also help financial institutions focus more on interacting with customers rather than the traditional transactions approach.

Further, the report states that a major factor that could hamper the market growth is the application of cross-layers. The design of the cognitive or self-organized network is a challenging task, particularly, the networking middleware for knowledge exchange, the outer and inner loops coordination, and intersystem networking for sharing and cooperation. The design of high layers such as spectrum management functions integrated at different layers of network protocol stacks, media access control (MAC) sublayer and network layer, various protocols and routings are also difficult to manage

Companies Mentioned

HP, IBM, Microsoft, SAP, Accenture, Alteryx, Attivio, Cloudera, Continuum Analytics, DataStax, EMC, Google, Hortonworks, MapR Technologies, SAS Institute, and Teradata.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Broad categories of cognitive systems
      • Table Five critical dimensions
    • Market size and forecast
      • Table Global cognitive systems market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global cognitive systems market by product
      • Table Global cognitive systems market by product 2015
    • Hardware
    • Software and applications
    • Services
  • Market segmentation by industry
    • Global cognitive systems market by industry
      • Table Global cognitive systems market by industry 2015
      • Table Global cognitive systems market by industry 2020
    • Banking
      • Table Global cognitive systems market in banking industry 2015 and 2020 ($ billions)
    • Retail
      • Table Global cognitive systems market in retail industry 2015 and 2020 ($ billions)
    • Healthcare
      • Table Global cognitive systems market in healthcare industry 2015 and 2020 ($ billions)
    • Others
      • Table Global cognitive systems market in other industries 2015 and 2020 ($ billions)
  • Geographical segmentation
    • Global cognitive systems market by geography
      • Table Global cognitive systems market by geography 2015
    • Americas
    • EMEA
    • APAC
  • Market drivers
    • Bring more knowledge to decisions and processes
    • Aids change in human and system interaction
    • Discover useful insights
    • Offers learning in context
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Complex learning process
    • Application of cross-layers
    • Security issues
    • Lack of skilled labor
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing demand for predictive analytics
    • Big thrust by the consultancy companies
    • Offer initiatives to scale cloud data services
    • Drive governance initiatives across the globe
    • Increased Internet connectivity
  • Vendor landscape
    • Competitive scenario
    • Major vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • HP
      • Table HP: HPE Haven OnDemand APIs offerings
    • IBM
    • Microsoft
      • Table Microsoft: Cognitive services
      • Table Microsoft: Microsoft Azure data services
    • SAP
  • Appendix
    • List of abbreviations
  • Explore Technavio

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