Market Research

Cognitive Services Market Growth Forecasts to 2027 – Competitive Outlook by Nokia Corporation, Nuance Communications, Progress Software Corporation, Softweb Solutions

Jun 11, 2020 5:00 PM ET
iCrowd Newswire – Jun 11, 2020

Cognitive Services Industry Report focuses on Market Influence Factors, Growth Drivers, Restraints, Trends and Opportunities so that Market Players can face any challenges and take advantage of Lucrative Prospects available in the Global Cognitive Services market.

Cognitive Services is a set of machine learning, application programming interfaces (APIs), and artificial intelligence (AI) algorithms for building intelligent applications. The increasing demand for cognitive services to develop smarter products, make smarter decisions, build new variants of customer engagement, and improve the overall internal performance. Further, cognitive services offer various benefits such as streamline the business processes and help to achieve operational efficiencies and higher revenues by automating the various business processes, thereby increasing demand for the cognitive services market.

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Top Listed Brands in Cognitive Services Market are:

  • Amazon Web Services, Inc.
  • Attivio
  • BMC Software, Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Nokia Corporation
  • Nuance Communications, Inc.
  • Progress Software Corporation
  • Softweb Solutions Inc. (Avnet, Inc.)
  • Tallan, Inc.

The “Global Cognitive Services Market Analysis to 2027” is a specialized and in-depth study of the Cognitive Services market with a special focus on the global market trend analysis. The report aims to provide an overview of Cognitive Services market with detailed market segmentation by type, product, end user & region. The global Cognitive Services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Cognitive Services market players and offers key trends and opportunities in the Cognitive Services market.

The reports cover key developments in the Cognitive Services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Cognitive Services market are anticipated to lucrative growth opportunities in the future with the rising demand for Cognitive Services market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cognitive Services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Cognitive Services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Cognitive Services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Cognitive Services market in these regions.

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Keywords:    Cognitive Services, Cognitive Services market, Cognitive Services market 2020, Cognitive Services market 2027