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Cognitive Analytics Market Size - By Component (Tools, Services [Managed, Professional]), Deployment (On-premise, Cloud), Enterprise Size (SMEs, Large Enterprise), Application, End User, Growth Prospects, Regional Outlook & Forecast, 2023 - 2032

Publisher Global Market Insights
Published Nov 09, 2023
Length 220 Pages
SKU # GMI18400494

Description

Cognitive Analytics Market Size - By Component (Tools, Services [Managed, Professional]), Deployment (On-premise, Cloud), Enterprise Size (SMEs, Large Enterprise), Application, End User, Growth Prospects, Regional Outlook & Forecast, 2023 - 2032


Cognitive Analytics Market size is anticipated to grow at 34% CAGR from 2023-2032 driven by the global surge in digital transformation initiatives. Of late, organizations across several industries are embracing comprehensive digital transformations for leveraging cognitive analytics to derive actionable insights from vast datasets. With businesses increasingly digitizing their processes, the demand for advanced analytics solutions is rising.

Furthermore, continuous developments in AI technologies, including machine learning and natural language processing to enhance the capabilities of cognitive analytics will foster the market growth. For instance, in November 2023, BCW collaborated with Limbik to create the Decipher Index, a new platform that deploys cognitive AI to identify the topmost themes with the most potential for future impact.

The cognitive analytics industry is segmented into component, deployment, enterprise size, application, end-user, and region.

Based on component, the market share from the services segment is anticipated to record substantial growth from 2023-2032. Cognitive analytics services encompass a spectrum of offerings, including consulting, implementation, and support services for facilitating seamless integration into diverse business environments. The surging need for services that enhance decision-making, customer engagement, and operational efficiency across businesses will also boost the segment growth.

As per end user, the cognitive analytics market from the IT and telecom segment is set to witness high demand between 2023 and 2032. Companies operating in the IT and telecommunications sector are leveraging cognitive analytics for real-time data analysis, predictive maintenance, and enhanced customer experiences. Furthermore, the rising investments in the digital transformation of IT and telecom operations will favor the segment expansion.

Regionally, the Asia Pacific cognitive analytics market is foreseen to experience robust growth through 2032. This surge in digital transformation initiatives is propelling the adoption of cognitive analytics solutions across diverse industries in China, India, and Japan. The expanding IT infrastructure coupled with the growing awareness of the benefits of advanced analytics in the region are contributing to the increasing acceptance of cognitive analytics solutions and services across industries. Moreover, several industry participants are developing innovative solutions to address needs in the region, adding to the market growth. To cite an instance, in March 2023, Tata Consultancy Services introduced TCS Cognitive Plant Operations Adviser, a 5G-enabled solution for Microsoft Azure Private Mobile Edge Computing platform to assist businesses across several sectors to transform their production processes by utilizing AI and ML to make them more intelligent, agile, and resilient.

Table of Contents

220 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Cognitive analytics market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Deployment model trends
2.6 Enterprise size trends
2.7 Application trends
2.8 End-user trends
Chapter 3 Cognitive Analytics Industry Insights
3.1 Impact on COVID-19
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increased volumes of structured and unstructured
3.10.1.2 Technological advancements in AI and machine learning
3.10.1.3 Rising demand for real-time data analysis
3.10.1.4 Increased need for predictive and prescriptive analytics
3.10.2 Industry pitfalls & challenges
3.10.2.1 Data security and privacy concerns
3.10.2.2 Integration challenges with existing IT infrastructure
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Amazon Web Services
4.3.2 Cisco Systems Inc
4.3.3 Google Inc.
4.3.4 IBM Corporation
4.3.5 Microsoft Corporation
4.3.6 Oracle Corporation
4.3.7 SAS Institute
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Cognitive Analytics Market Estimates & Forecast, by Component (Revenue)
5.1 Key trends, by component
5.2 Tools
5.3 Services
5.3.1 Managed
5.3.2 Professional
Chapter 6 Cognitive Analytics Market Estimates & Forecast, by Deployment model (Revenue)
6.1 Key trends, by deployment model
6.2 On-premise
6.3 Cloud
Chapter 7 Cognitive Analytics Market Estimates & Forecast, By Enterprise size (Revenue)
7.1 Key trends, by enterprise size
7.2 SMEs
7.3 Large enterprise
7.4 Above 500 tph
Chapter 8 Cognitive Analytics Market Estimates & Forecast, By Application (Revenue)
8.1 Key trends, by application
8.2 Customer analytics
8.3 Sales and marketing optimization
8.4 Fraud detection and risk management
8.5 Supply chain management
8.6 Predictive maintenance and asset management
8.7 Others
Chapter 9 Cognitive Analytics Market Estimates & Forecast, By End-user (Revenue)
9.1 Key trends, by end-user
9.2 Healthcare
9.3 BFSI
9.4 Retail & e-commerce
9.5 IT and Telecom
9.6 Energy and Utilities
9.7 Others
Chapter 10 Cognitive Analytics Market Estimates & Forecast, By Region
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Australia
10.4.5 South Korea
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 Amazon Web Services
11.2 Aricent
11.3 Capgemini
11.4 Cisco Systems Inc
11.5 Einfochips
11.6 Google Inc.
11.7 IBM Corporation
11.8 Microsoft Corporation
11.9 Narrative Science:
11.10 Nuance Communications, Inc.
11.11 Oracle Corporation
11.12 QlikTech International AB
11.13 SAS Institute
11.14 Sinequa
11.15 TCS
11.16 Teradata Corporation
11.17 TIBCO Software Inc.

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