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Cognitive Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Cognitive systems are a category of technologies that use both natural language processing and machine learning to ease the interaction between humans and machines. They are based on scientific disciplines and artificial intelligence which also include automated reasoning and speech recognition. Cognitive systems process large quantities of data from various sources, for instance, IBM Watson can read billions of text documents in a few seconds. They also mimic the way a human brain works by following a process of understanding, learning and evaluating human thought process. According to IMARC Group’s latest report, titled “Cognitive Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global cognitive systems market reached a value of US$ 4.7 Million in 2018.

Global Cognitive Systems Market Report

The major driver of the market is the continuous growth in digital banking trends. Cognitive systems help in speeding up the operations in banking and financial institutes so that they can meet the increasing demands of their customers and rising competition. Growing demand for predictive analytics is further spurring the growth of the market. This technique gives a chance to customize the program for groups or individual customers according to their demands and helps in improving the cost-effectiveness of the production process. Moreover, the need to manage large volumes of unstructured data among different sectors such as retail, healthcare and finance has propelled the growth aspects for data analytics in cognitive systems. According to the report, the market is expected to reach a value of US$ 12.5 Million by 2024, exhibiting a CAGR of 17.7% during 2019-2024.

The report has segmented the market on the basis of product type into software, services and hardware. Currently, software accounts for the majority of the total market share. The market is further segregated on the basis of end-use. Banking sector dominates the market followed by the retail and healthcare sectors. Region-wise, the report covers North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Amongst these, North America represents the leading market, accounting for the majority of the global share. The report has also analysed the competitive landscape of the market with some of the key global players being IBM, Infosys, HP Inc., Microsoft Corporation and SAP SE.

This report provides a deep insight into the global cognitive systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cognitive systems industry in any manner.

Key Questions Answered in This Report:

  • How has the global cognitive systems market performed so far and how will it perform in the coming years?
  • What are the key regions in the global cognitive systems market?
  • Which are the popular product types in the global cognitive systems market?
  • What are the major end-use sectors in the global cognitive systems market?
  • What are the various stages in the value chain of the global cognitive systems market?
  • What are the key driving factors and challenges in the global cognitive systems market?
  • What is the structure of the global cognitive systems market and who are the key players?
  • What is the degree of competition in the global cognitive systems market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Cognitive Systems Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product
    5.4    Market Breakup by End-Use Sector
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6   Market Breakup by Product Type
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hardware
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by End-Use Sector
    7.1    Banking Sector
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Retail Sector
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Healthcare Sector
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Europe
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Latin America
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players
        9.3.1    IBM
            9.3.1.1    Company Overview
            9.3.1.2    Description
            9.3.1.3    Product Portfolio
            9.3.1.4    Financials
            9.3.1.5    SWOT Analysis
        9.3.2    Infosys
            9.3.2.1    Company Overview
            9.3.2.2    Description
            9.3.2.3    Product Portfolio
            9.3.2.4    Financials
            9.3.2.5    SWOT Analysis
        9.3.3    HP Inc.
            9.3.3.1    Company Overview
            9.3.3.2    Description
            9.3.3.3    Product Portfolio
            9.3.3.4    Financials
            9.3.3.5    SWOT Analysis
        9.3.4    Microsoft Corporation
            9.3.4.1    Company Overview
            9.3.4.2    Description
            9.3.4.3    Product Portfolio
            9.3.4.4    Financials
            9.3.4.5    SWOT Analysis
        9.3.5    SAP SE
            9.3.5.1    Company Overview
            9.3.5.2    Description
            9.3.5.3    Product Portfolio
            9.3.5.4    Financials
            9.3.5.5    SWOT Analysis


List of Figures

Figure 1: Global: Cognitive Systems Market: Major Drivers and Challenges
Figure 2: Global: Cognitive Systems Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Cognitive Systems Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Cognitive Systems Market: Breakup by End-Use Sector (in %), 2018
Figure 5: Global: Cognitive Systems Market: Breakup by Region (in %), 2018
Figure 6: Global: Cognitive Systems Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Cognitive Systems Industry: SWOT Analysis
Figure 8: Global: Cognitive Systems Industry: Value Chain Analysis
Figure 9: Global: Cognitive Systems Industry: Porter’s Five Forces Analysis
Figure 10: Global: Cognitive Systems (Software) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: Cognitive Systems (Software) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Cognitive Systems (Services) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Cognitive Systems (Services) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Cognitive Systems (Hardware) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Cognitive Systems (Hardware) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Cognitive Systems (End-Use in Banking Sector) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Cognitive Systems (End-Use in Banking Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Cognitive Systems (End-Use in Retail Sector) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Cognitive Systems (End-Use in Retail Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Cognitive Systems (End-Use in Healthcare Sector) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Cognitive Systems (End-Use in Healthcare Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Cognitive Systems (End-Use in Other Sectors) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Cognitive Systems (End-Use in Other Sectors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: North America: Cognitive Systems Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: North America: Cognitive Systems Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Europe: Cognitive Systems Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Europe: Cognitive Systems Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Asia Pacific: Cognitive Systems Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Asia Pacific: Cognitive Systems Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Latin America: Cognitive Systems Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Latin America: Cognitive Systems Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Middle East and Africa: Cognitive Systems Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Middle East and Africa: Cognitive Systems Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Cognitive Systems Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Cognitive Systems Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Cognitive Systems Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Cognitive Systems Market Forecast: Breakup by End-Use Sector (in Million US$), 2019-2024
Table 4: Global: Cognitive Systems Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Cognitive Systems: Raw Material Requirements
Table 6: Global: Cognitive Systems Market: Competitive Structure
Table 7: Global: Cognitive Systems Market: Key Players

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