Market Analysis and Insights: Global Cognitive Services Market
Cognitive Services are a set of machine learning algorithms that Microsoft has developed to solve problems in the field of Artificial Intelligence (AI)
The global Cognitive Services market size is projected to reach US$ 13310 million by 2030, from US$ 2840.4 million in 2022, at a CAGR of 24.2% during 2023-2030.
North America is expected to have the largest market size in the cognitive services market, while Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. In North America, the cognitive services technology is effectively used for various business applications, such as market analysis, diagnosis and treatment system, safety and security management, and supply chain management.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cognitive Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cognitive Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cognitive Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cognitive Services market.
Global Cognitive Services Scope and Market Size
Cognitive Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Cognitive Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2018-2030.
Segment by Type
- Machine Learning and Deep Learning
- Natural Language Processing (NLP)
Segment by Application
- BFSI
- Healthcare
- Retail
- IT and Telecommunication
- Government and Education
- Manufacturing
- Others
By Region
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
By Company
- IBM
- Microsoft
- Google
- AWS
- Baidu
- Nuance Communications
- Qualcomm Technologies
- SAS
- Apple
- TCS
- Nokia
- Expert System
- Verbio Technologies
- Softweb Solutions
- Folio3 Software
- Fusion Informatics
- Inbenta
- Cognitivescale
- Ipsoft
