Summary
The global Cognitive Informatics Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Cognitive informatics is a field where computer and informatics technology helps to keep up with the rapidly changing world of information. It was developed to help information technology professionals help humans by developing information systems for businesses, government agencies, and even for individuals. The field of Cognitive Informatics continues to grow as technology experts continue to develop tools and techniques that will allow machines to communicate and interact with humans using natural language processing and the internet.
Cognitive informatics combines computer science with business intelligence, mathematics, and statistics to create a framework for organizations to use in building information systems.
Cognitive informatics includes machine learning, deep learning, and NLP. Thus emerging all these solutions is propelling the growth of the Cognitive informatics market. Growing demand for marketing analysis, predictive maintenance, quality management investigation and recommendation, supply chain management, safety and security management, and diagnosis and treatment system are also projected to foster the growth of the market. Expanding digital capability and security expenditure due to the ever-changing market competitive scenario is again expected to facilitate the growth of the market. Increasing concern regarding cyber security which can be addressed through cognitive risk intelligence service is further anticipated to augment the growth of the market.
The Asia Pacific is projected to exhibit significant growth over the forecast period and this is attributed to the rapid urbanization and industrialization in the region. According to the United Nation, Asia-Pacific is now dominantly urban — more than half the region’s population in 2019 live in cities and towns. The region’s number of urban dwellers is expected to rise to more than 2.8 billion in 2030 and reach nearly 3.5 billion in 2050.
Key Developments:
- In May 2018, Microsoft updated its Cognitive Services portfolio with the addition of several innovative features. The company also announced the availability of new services, such as Unified Speech service and Bing Visual Search, through its Cognitive Services portfolio.
- In April 2018, Qualcomm Technologies launched a new platform, Qualcomm Vision Intelligence, designed for IoT devices with advancements in machine learning, computer vision SDKs, and camera processing software.
- In March 2018, Google added the text to speech synthesis technology to its Cloud Platform. This enhancement would enable developers to select from 32 different voices in 12 languages.
- In February 2018, Nuance Communications enhanced its text-to-speech technology with the addition of deep neural networks to deliver enhanced quality products as compared to the previous speech synthesis technique.
The Cognitive Informatics Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Cognitive Informatics Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Amazon
- Apple
- Attivio
- Baidu
- BMC Software
- Clarifai
- Cognitivescale
- Deloitte
- Enterra Solutions
- Expert System
- Folio3 Software
- Fusion Informatics
- Google
- IBM
- Inbenta
- Ipsoft
By the Product Type, the market is primarily segmented into:
- Smart Data
- Self-Adaptive Software
- Self-Correcting Infrastructure
- Cognitive Analytics
By Applications, the market is segmented into:
- Consumer
- Enterprise
- Industrial
- Government
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Cognitive Informatics Market Report:
- To assess the size of the market by value and volume
- Analyze the Cognitive Informatics Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Cognitive Informatics Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Cognitive Informatics Market
The Cognitive Informatics Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Cognitive Informatics Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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