New York City, 21 May 2019: Latest New Report “Cognitive Analytics Market Share, Size, Trends, Industry Analysis Report By Component (Software, and Services); By Deployment Model (On-Premise, Cloud-Based); By Organization Size (Large Enterprises, Small and Medium Businesses); By End-User (Banking, Financial Services, and Insurance, Healthcare, Transportation and Logistics, Manufacturing, Retail, Energy, Others); By Regions, Segments & Forecast, 2018 – 2026” The Cognitive Analytics market is anticipated to reach over USD 48 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the large enterprises segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2017.
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The growing need for real time analysis of complex data for improved business efficiency, and need to gain actionable insights from large amount of data have boosted the adoption of cognitive analytics solutions. Increasing trend of BYOD, IOT, and artificial intelligence fuels the adoption of cognitive analytics. Additionally, the increasing demand of cognitive analytics from industries such as transportation, healthcare, and BFSI has supported then Cognitive Analytics Market growth over the years. Increasing investments by vendors in technological advancements coupled with growing adoption of cloud technologies would accelerate the growth of the cognitive analytics market. Growing demand from emerging economies, and increasing adoption by small and medium sized businesses is expected to provide numerous growth opportunities in the coming years.
The North America Cognitive Analytics Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand from the healthcare and government sectors, and growing trend of IOT drive the market growth in the region. The growing adoption of cloud-based technologies, and technological advancements further support ten Cognitive Analytics Market growth in the region. The increasing demand from BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.
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The leading companies profiled in the Cognitive Analytics Market report include International Business Machines Corporation, Cisco Systems Inc., SAS Institute, Nuance Communications, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Google LLC, Intel Corporation, and Narrative Science. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Contents.
- Overview and Scope
- Executive Summary
- Cognitive Analytics Market Insights
- Cognitive Analytics Market Size and Forecast, 2017-2026 by Component
- Cognitive Analytics Market Size and Forecast, 2017-2026 by Deployment Model
- Cognitive Analytics Market Size and Forecast, 2017-2026 by End-User
- Cognitive Analytics Market Size and Forecast, 2017-2026 by Organization Size
- Cognitive Analytics Market Size and Forecast, 2017-2026 by Region
- Top Company Profiles
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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