Cognitive Cloud Market Size, Share, Current Trends, Industry Demand, Regional Outlook and Forecast To 2027
                     Cognitive Cloud Market Size, Share, Current Trends, Industry Demand, Regional Outlook 
and Forecast To 2027
Cognitive Cloud Market, By Technology (NLP, Machine Learning, Automated 
Reasoning), By Service (Managed, Professional), By End User (SMEs, Large 
Enterprises) and By Vertical - Forecast 2027
Industry Insight
The global cognitive cloud market, according to MRFR, is expected to grow at nearly USD 3.42 Billion by 2027, at 
16% of CAGR over the review period of 2020 to 2027. 
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Market Scenario
Increasing Internet of Things adoption is one of the major factors that fuel the growth of the cognitive cloud 
market. To provide insights into the business processes and applications, CognitiveScale runs its cognitive clouds 
on IBM Watsons Bluemix. It provides complete transparency while maintaining security of the data. Cognitive 
cloud helps to use information effectively, and in turn to drive the organization's overall growth. Major giants such 
as IBM Corporation and Google are investing in the cognitive cloud market due to the rising demand from various 
vertical sectors such as healthcare, retail, business , government and others. The increasing demand for content 
customisation is a major factor driving the growth of the cognitive cloud market. An additional factor driving the 
growth of the cognitive cloud market is the growing demand for real-time data analysis. While COVID-19 has had 
a notable impact on the cognitive cloud market worldwide, organizations realize that cloud services are 
necessarily a good fit for unmatched uncertainties ensuring business continuity amid physical lockdowns. As 
many businesses are challenged, but cognitive cloud providers build a balance by providing greater flexibility to 
customers versus opportunistic solutions. Such factors are evaluated as advantageous for increasing the 
cognitive cloud market over the forecast period. As the global cognitive cloud market encompasses technologies 
such as natural language processing , machine learning , information retrieval, and automated rationale for 
translating unstructured data to sense, these create meticulous opportunities for new players to invest in and take 
market valuation to the next level.
Segmentation of Market
The cognitive cloud market has been evaluated over segmental analysis, which is done over service, 
technology, end-user, and vertical segments.
The vertical segment has been bifurcated into healthcare, education & retail, BFSI, consumer electronics & 
retail, travel & tourism, oil & gas, IT & telecommunication, and aerospace & defense. Out of which, during 
the forecast era, retail and healthcare verticals have potential to expand at a significant pace. In healthcare, 
the cognitive cloud helps to assemble the information available and integrate that data with patient 
information , which in turn helps to present more personalized services. The cognitive cloud is also helping 
to make health services cost-effective.
The technology segment has included natural language processing, machine learning, automated 
reasoning, and others.
The service segment has been divided managed service and professional service.
The end-user segment has bifurcated into SMEs and large enterprises.
Regional Outlook
Cognitive cloud market regional analysis is being studied for regions such as Asia Pacific, North America , 
Europe and the Rest of the World. North America was projected to account for the largest market share, 
whereas Asia-Pacific is expected to grow at the fastest rate over the review period. The substantial growth 
in North America 's cognitive cloud market is due to technological innovations and an growing need for real-
time analysis of large and diversified data in that area.
The Asia-Pacific region is expected to rise at the fastest pace in the predicted period. Over the forecast period 
Asia Pacific is expected to rise at CAGR rate. Increasing technology companies' investments in leading 
countries like Japan, China , and India, growing digitalization, machine learning ( ML), increasing adoption of 
advanced artificial intelligence ( AI), and government regulations and initiatives are expected to drive market 
growth in the APAC region.
Top Market Players
The prominent players in cognitive cloud market are – IBM Corporation (U.S.), Spark Cognition, Inc. (U.S.), 
Google, Inc. (U.S.), Microsoft Corporation (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Vicarious 
(U.S.), Numenta (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.) and others. 
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