About Cognitive Cloud Computing
Cognitive computing is the use of computerized models to simulate the human thought process in complex situations where the answers may be ambiguous and uncertain. The phrase is closely associated with IBM's cognitive computer system, Watson. Cognitive computing overlaps with AI and involves many of the same underlying technologies to power cognitive applications, including expert systems, neural networks, robotics and virtual reality (VR).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cognitive Cloud Computing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Google LLC (United States), Hewlett Packard Enterprise Development LP (United States), International Business Machines Corporation (United States), Microsoft Corporation (United States), Nuance Communications Inc. (United States), Oracle Corporation (United States), SAP SE (United States), SAS Institute Inc. (United States) and Tibco Software Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cognitive Cloud Computing market by and Region.
On the basis of geography, the market of Cognitive Cloud Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Type , the sub-segment i.e. On-Premise will boost the Cognitive Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Cognitive Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Natural Language Processing will boost the Cognitive Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. Healthcare will boost the Cognitive Cloud Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in SMBs Owing to Cloud-Based Services
Market Growth Drivers:
Increase in the Demand for Cognitive Systems in Large Organizations and Increase in Big Data Analytics, Developments of Machine-to-Machine Technologies
Challenges:
Stiff Competition Among the Major Players
Restraints:
Lack of Awareness and Guidance
Opportunities:
Increase in the Overall Demand for Cloud-Based Services and Rise in Demand for Better Customer Experience
Market Leaders and their expansionary development strategies
On June 2020, IBM has acquired Spanugo Cyber security Posture Assurance for the Hybrid Cloud by automating all aspects of Risk, Cyber security, and Compliance Assurance.
In September2023, Microsoft Azure announced the launched of its new Azure Cognitive Services suite. Azure Cognitive Services is a suite of cloud-based cognitive services that help businesses to develop and deploy intelligent applications
Key Target Audience
Software Vendors, Distributors, Researchers, Government and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.