Global Cognitive Analytics Industry

Global Cognitive Analytics Industry

  • September 2020 •
  • 176 pages •
  • Report ID: 5798181 •
  • Format: PDF
Global Cognitive Analytics Market to Reach $33.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Cognitive Analytics estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$33.6 Billion by 2027, growing at aCAGR of 37% over the period 2020-2027. Tools, one of the segments analyzed in the report, is projected to record 33.1% CAGR and reach US$18.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 43.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 35.2% CAGR

The Cognitive Analytics market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 35.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.3% and 31.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.3% CAGR.We bring years of research experience to this 8th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Amazon Web Services, Inc.
  • Cisco Systems, Inc.
  • Google, Inc.
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Intel Corporation
  • IPsoft Inc.
  • Microsoft Corporation
  • Narrative Science Inc.
  • Nokia Corporation
  • Nuance Communications, Inc.
  • Oracle Corporation
  • Persado
  • SAS Institute, Inc.
  • Sinequa