Global Cognitive Services Market– Industry Trends and Forecast to 2025

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Global Cognitive Services Market
Cognitive Analytics Market Booming at a CAGR of
46.5 during 2018 to 2025
The Global Cognitive Services Market is expected
to reach USD 2.1 billion by 2025 from USD 18.53
billion in 2017 and is projected to grow at a
CAGR of 46.5 the forecast period of 2018 to
2025. The upcoming market report contains data
for historic years 2016, the base year of
calculation is 2017 and the forecast period is
2018 to 2025.
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Market Definition
A cognitive services is an automated model which
provides language, speech, vision, search, and
knowledge APIs. It is a toolkit which is used to
develop artificial intelligence and cognitive
computing-based applications for generating
business value from unstructured information It
helps to build powerful intelligence into
applications to enable natural and contextual
interactions. It is a set of APIs, SDKs and
services. The advantage of cognitive services are
ensuring cost reductions, greater efficiency and
enhanced results simultaneously in core business
areas such as customer support.It is applicable
in various industry which include banking,
financial services, and insurance (BFSI),
healthcare, retail, IT and telecommunication,
government and education and manufacturing and
others.
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Market Segmentation

• The market is based on technology, service type,
  deployment mode, application and geographical
  segments.
• Based on technology, the market is segmented into
  machine learning and deep learning, natural
  language processing.
• Based on service type, the market is segmented
  into cloud and web-based application programming
  interface, data transformation, knowledge
  management, data integration and cognitive
  automation, cognitive risk intelligence,
  consulting and advisory, training and support,
  communication monitoring and others.
• Based on deployment mode, the market is segmented
  into cloud and on-premises.

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Competitive Analysis
The global cognitive Services market is
fragmented and the major players have used
various strategies such as new product launches,
expansions, agreements, joint ventures,
partnerships, acquisitions, and others to
increase their footprints in this market in order
to sustain in long run. The report includes
market shares of cognitive services market for
global, Europe, North America, Asia Pacific and
South America.
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