Cognitive Services Market by Service Type, Technology, Organization Size, Vertical

List of Tables

The Cognitive Services Market is projected to reach USD 126.95 billion by 2030 from USD 11.02 billion in 2022, at a CAGR of 35.72% during the forecast period.

Global Cognitive Services Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 11.02 billion
Estimated Year Value [2023]	USD 14.94 billion
Forecast Year Value [2030]	USD 126.95 billion
CAGR (%)	35.72%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Cognitive Services Market.

Based on Service Type, market is studied across Cloud & Web-Based Application Programming Interfaces (APIs), Cognitive Risk Intelligence, Communication Monitoring, Consulting & Advisory, Data Integration & Cognitive Automation, Data Transformation, Knowledge Management, and Training & Support. The Data Transformation is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Machine Learning & Deep Learning and Natural Language Processing (NLP). The Natural Language Processing (NLP) is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and SMEs. The SMEs is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Banking, Financial Services, & Insurance (BFSI), Education, Government, Healthcare, IT & Telecommunication, Manufacturing, and Retail. The Retail is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Cognitive Services Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Cognitive Services Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Cognitive Services Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Amazon Web Services, Inc., Cisco Systems Inc., Enterra Solutions LLC, Expert System S.p.A., Google LLC by Alphabet Inc., HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Nokia Corporation, Nuance Communications Inc., Numenta Inc., Oracle Corporation, Salesforce Inc., SAP SE, SAS Institute Inc., Softweb Solutions Inc., TATA Consultancy Services Limited, ThoughtSpot Inc., TIBCO Software Inc., Verint Systems Inc., and Wipro Limited.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Cognitive Services Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Cognitive Services Market?

3. What is the competitive strategic window for identifying opportunities in the Cognitive Services Market?

4. What are the latest technology trends and regulatory frameworks in the Cognitive Services Market?

5. What is the market share of the leading vendors in the Cognitive Services Market?

6. Which modes and strategic moves are suitable for entering the Cognitive Services Market?

Product Code: MRR-DD0700E81EB9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Cognitive Services Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing use of advanced analytics to provide personalized experience
  - 5.1.1.2. Increasing adoption of natural language processing technologies
  - 5.1.1.3. Proliferation of big data and IoT across businesses worldwide
- 5.1.2. Restraints
  - 5.1.2.1. Interoperability and integration issues in cognitive services
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of cognitive services with virtual and augmented reality
  - 5.1.3.2. Emerging use of cognitive services in healthcare sector
- 5.1.4. Challenges
  - 5.1.4.1. Data breach and security concerns associated with the use of cognitive services
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Cognitive Services Market, by Service Type

6.1. Introduction
6.2. Cloud & Web-Based Application Programming Interfaces (APIs)
6.3. Cognitive Risk Intelligence
6.4. Communication Monitoring
6.5. Consulting & Advisory
6.6. Data Integration & Cognitive Automation
6.7. Data Transformation
6.8. Knowledge Management
6.9. Training & Support

7. Cognitive Services Market, by Technology

7.1. Introduction
7.2. Machine Learning & Deep Learning
7.3. Natural Language Processing (NLP)

8. Cognitive Services Market, by Organization Size

8.1. Introduction
8.2. Large Enterprises
8.3. SMEs

9. Cognitive Services Market, by Vertical

9.1. Introduction
9.2. Banking, Financial Services, & Insurance (BFSI)
9.3. Education
9.4. Government
9.5. Healthcare
9.6. IT & Telecommunication
9.7. Manufacturing
9.8. Retail

10. Americas Cognitive Services Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cognitive Services Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cognitive Services Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Adobe Inc.
- 14.1.2. Amazon Web Services, Inc.
- 14.1.3. Cisco Systems Inc.
- 14.1.4. Enterra Solutions LLC
- 14.1.5. Expert System S.p.A.
- 14.1.6. Google LLC by Alphabet Inc.
- 14.1.7. HCL Technologies Limited
- 14.1.8. Hewlett Packard Enterprise Development LP
- 14.1.9. Infosys Limited
- 14.1.10. Intel Corporation
- 14.1.11. International Business Machines Corporation
- 14.1.12. Microsoft Corporation
- 14.1.13. Nokia Corporation
- 14.1.14. Nuance Communications Inc.
- 14.1.15. Numenta Inc.
- 14.1.16. Oracle Corporation
- 14.1.17. Salesforce Inc.
- 14.1.18. SAP SE
- 14.1.19. SAS Institute Inc.
- 14.1.20. Softweb Solutions Inc.
- 14.1.21. TATA Consultancy Services Limited
- 14.1.22. ThoughtSpot Inc.
- 14.1.23. TIBCO Software Inc.
- 14.1.24. Verint Systems Inc.
- 14.1.25. Wipro Limited
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing