Cognitive Cloud Market is estimated to grow by 16% of CAGR by 2023
Cognitive Cloud Market, By Technology (NLP, Machine Learning, Automated Reasoning), By Service (Managed, Professional), By End User (SMEs, Large Enterprises) and By Vertical - Forecast 2023 Market Highlights In this rapidly changing world of technology, cognitive cloud market is projected to show major growth prospects during the forecast period. Major factor driving the cognitive cloud market is the increasing adoption of internet of things and growing data generation which needs real time analysis. Analyzing consumer behaviors with cognitive analytics helps in tracing the behavior patterns of customer and can enable target advertising. This will eventually help in driving the cognitive cloud market. Cognitive cloud is nothing but the next evolution of cloud computing with new learning systems that help in development of cognitive applications. The global cognitive cloud market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the cognitive cloud market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of cognitive cloud market. This is owing to the presence of large number of established key players like IBM Corporation and upcoming companies in cognitive cloud like Cognitive Scale in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of cognitive cloud market. Growing adoption of internet of things in retail and healthcare sector is another major factor driving the growth of cognitive cloud market in the region. Increasing adoption by small and medium businesses could be a major factor driving the growth of cognitive cloud market in the region. Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Cognitive Cloud Market Research Report-Forecast to 2023”. Major Key Players
Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Spark Cognition, Inc. (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.)