Industry Background:
Cognitive computing is an evolving model of intelligent computing system and methods that implements computational intelligence by autonomous perceptions and inferences imitating the mechanisms of the brain. The cognitive computing market has high growth prospects owing to increasingly complex and large datasets and the emergence of numerous computing platforms such as big data analytics, cloud, and mobile. Moreover, increasing demand from the end-use industries expected to fuel market growth during the forecasted period.
This growth is primarily driven by Increasing Complex and Large Dataset and Emergence of Numerous Computing Platforms such as Big Data Analytics, Cloud, and Mobile.
Globally, a noticeable market trend is evident Growing Adoption of Cloud-Based Technologies. Major Players, such as Google (United States), IBM (United States), Microsoft Corporation (United States), Palantir Technologies (United States), Saffron Technology (United States), Cognitive Scale (United States), Enterra Solutions (United States), Numenta (United States) and Vicarious (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
“In the European Union, for example, the Legal Affairs Committee has urged the EU Commission to put together a set of regulations and guidance for the use of robotic systems (which includes cognitive computing). Specifically, the Committee calls for the establishment of a European agency for robotics and an accompanying code of ethical conduct that focuses on the employment, tax and social impacts of the technology.”
Market Drivers
- Increasing Complex and Large Dataset
- Emergence of Numerous Computing Platforms such as Big Data Analytics, Cloud, and Mobile
Market Trend
- Growing Adoption of Cloud-Based Technologies
Restraints
- High Deployment Cost of Cognitive Computing Systems
Opportunities
Increasing Demand from the End-Use Industries and Growing Demand from the Developing Economies
Challenges
Lack of Awareness Regrading Cognitive Computing
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cognitive Computing Study Sheds Light on
The Cognitive Computing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cognitive Computing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cognitive Computing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.