Report overview
Cognitive Services are a set of machine learning algorithms that Microsoft has developed to solve problems in the field of Artificial Intelligence (AI)
This report aims to provide a comprehensive presentation of the global market for Cognitive Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cognitive Services. This report contains market size and forecasts of Cognitive Services in global, including the following market information:
Global Cognitive Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Cognitive Services market was valued at US$ 2922.6 million in 2022 and is projected to reach US$ 12560 million by 2029, at a CAGR of 23.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Cognitive Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cognitive Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Cognitive Services Market Segment Percentages, by Type, 2022 (%)
Machine Learning and Deep Learning
Natural Language Processing (NLP)
Global Cognitive Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Cognitive Services Market Segment Percentages, by Application, 2022 (%)
BFSI
Healthcare
Retail
IT and Telecommunication
Government and Education
Manufacturing
Others
Global Cognitive Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Cognitive Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cognitive Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Cognitive Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cognitive Services, market overview.
Chapter 2: Global Cognitive Services market size in revenue.
Chapter 3: Detailed analysis of Cognitive Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cognitive Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
