Market Overview

A recent market research report constructed by Insure Insights market research offers comprehensive analysis in terms of global industry trends, revenue, market share, segmentation, and geographical analysis for the global cognitive computing market. The report encompasses historic market data and also enlighten the progress of the cognitive computing market for the forecast period of 2021-2028. Key parameters such as market drivers, restraints, and opportunities are enlightened in detail for this market.

Market Segmentation

This cognitive computing market report is packed with a detailed analysis of its segmentation which is scoped and constructed by understanding the supply and demand side of the overall market. Each market segment and its sub-segments is provided with its market share and revenue along with its projection over the forecast period. Furthermore, an in-depth analysis of major market players has been summarized in the current market report.

By Component Cognitive Computing Market has been segmented into:

• Platform
• Service
  • Managed Services
  • Professional Services

By Application Cognitive Computing Market has been segmented into:

• Automation
• Intelligent Virtual Assistants
• Behavioral Analysis
• Biometrics
• Others (eLearning and smart education and eTherapy)

By deployment mode Cognitive Computing Market has been segmented into:

• On-premise
• Cloud
• Hybrid

By industry vertical Cognitive Computing Market has been segmented into:

• BFSI
• Retail and eCommerce
• Telecommunication and IT
• Healthcare and Life Sciences
• Manufacturing
• Government and Defense
• Media and Entertainment
• Travel and Hospitality
• Others* (Energy and Utilities, Transportation and Logistics, and Education)

Regions and Countries Level Analysis

Geographical analysis, one of the major aspects of the report provides thorough information on the major revenue-generating region, major growth factors, regional presence of key market players, and other factors affecting the growth of the market. Revenue and market shares are also provided for major revenue contributing countries within each region.

The report offers an in-depth assessment of the growth and other aspects of the cognitive computing market in important countries (regions), including:

• North America (The United States, Canada and Mexico)
• Europe (Germany, France, UK, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India and Rest Of APAC)
• LAMEA (The Middle East & Africa, Latin America and Rest of World)

Competitive Analysis

These market players are listed based on their overall revenue, product offerings, business segments, research expenditure, and geographical presence. Detailed information about their financial performance, business expansion, SWOT analysis, and key strategies are covered in the report. Moreover, this report provides insights into the market using analytical tools such as Porters five forces analysis and DRO impact analysis for cognitive computing market.

The major players covered in Cognitive Computing Market are:

• 3M
• Google LLC
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Microsoft Corporation
• Nuance Communications Inc.
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Tibco Software Inc.

COVID-19 Analysis

The semiconductor industry has faced a severe impact of COVID-19. According to key market players, the industry has faced 12% decline since the onset of COVID-19. The pandemic has caused key semiconductor players to mobilize quickly and make both short term and long-term strategies to maintain the sector’s growth. The semiconductor sector faced major lay off during the pandemic period, owing to a decrease in demand at a global level. Many end-use industries are facing a temporary halt to the manufacturing process. Besides, many governments are still imposing lockdowns which are expected to affect the overall electric sector for some time. Major semiconductor players are looking for the pre-pandemic condition to start the normal operation and for that moment, they are planning and reshaping strategies for their business models.

Report Methodology

The market estimations have been done with a thorough secondary analysis of market trends, government regulations, revenue flow, current product demand, regional policies, etc. All the data collected through secondary research is backed with the exclusive primary analysis.

Key Reasons to Purchase this Report

• It provides a technological development map over time to understand the growth rate of the industry.
• The report offers a dynamic method to various factors that drive or restrain the growth of the market.
• It renders a definite analysis for changing competitive dynamics.
• It builds a seven-year estimate based on how the market is predicted to grow.