(I-BusinessNews.Com, October 15, 2018 ) The healthcare and life sciences industry is estimated to have the largest share of the cognitive analytics market in 2017. Cognitive analytics enables organizations in the healthcare and life sciences industry to accelerate scientific discoveries, transform clinical trials, and improve the execution and engagement for better treatment and care management, leading to the high adoption of the technology in this industry.
Organizations are deploying cognitive analytics solutions, either on-premises or on-demand (cloud). The demand for cloud-based cognitive analytics solutions is expected to grow at a higher rate. Due to the scalability and agility of cloud-based technologies, more enterprises are proactively adopting cloud-based cognitive analytics solutions to avail the cost-saving benefits and increase their operational efficiency.
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Over the next five years, Expert projects that Cognitive Analytics will register a 42.9% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 1800 million in 2017.
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
IBM
Amazon Web Services
Google
Microsoft
Oracle
SAS Institute
Intel
Cisco Systems
Nokia
HPE
Nuance Communications
Ipsoft
Narrative Science
Sinequa
Persado
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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This report presents a comprehensive overview, market shares and growth opportunities of Cognitive Analytics market by product type, application, key companies and key regions.
To calculate the market size, Expert considers value generated from the sales of the following segments:
Segmentation by product type:
Managed services
Professional services
Deployment and integration
Support and maintenance
Segmentation by application:
Asset maintenance
Fraud and risk management
Customer analysis and personalization
Sales and marketing management
Supply chain management
Others
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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Research objectives
To study and analyze the global Cognitive Analytics market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Cognitive Analytics market by identifying its various subsegments.
Focuses on the key global Cognitive Analytics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cognitive Analytics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Cognitive Analytics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
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