Global Cognitive Collaboration Market Overview:
Cognitive collaboration is the concept which consists of combination of artificial intelligence (AI) and machine learning (ML) technologies to give people the support and guidance they require for better work productivity. With this combination of natural language processing, advanced algorithms in hardware, cloud analytics users are offered contextual data insights into their business communications. This concept enhances the advanced capabilities like facial recognition, digital assistants, noise suppression and audio transcriptions. It increases productivity, accelerates data insights and improves customer engagement. Some of the key players profiled in the study are Cisco Systems, Inc. (United States), Microsoft Corporation (United States), IBM (International Business Machines Corporation) (United States), Slack Technologies, Inc. (United States), Intec Systems Limited (United Kingdom), Softweb Solutions Inc. (United States), CognitiveScale (United States), Loop AI Labs (United States), Bluescape (United States), Collaboration.Ai (United States) and Resemble Systems (Dubai).
On the basis of geography, the market of Cognitive Collaboration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solution will boost the Cognitive Collaboration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. IT and Telecommunication will boost the Cognitive Collaboration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Cognitive Collaboration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Personalized Integrated Services
- Growing Robotic Process Automation and Artificial Intelligence
- The Advent of Virtual Assistants for Cognitive Collaboration
- Emerging Assistive Devices for People with Disabilities
- Safety and Security Concerns due to Cyber Attacks
- Surging Demand for Cognitive Collaboration in Education Sector
Major Market Developments:
On 4th June 2019, CognitiveScale Inc, announced its expansion of the strategic relationship with Microsoft to boost the adoption of Cognitive Scale's software using Microsoft Azure. In recent tests, Cortex successfully reduced AI build time by 65% and overall AI DevOps time by 94% through its unique virtualization technology. With the help of this partnership, businesses will be able to deploy the full Cortex product suite in its Azure cloud environment more quickly. Cortex software also now integrates seamlessly with a suite of Azure models ranging from Natural Language Processing (NLP) to Computer Vision that can be used by enterprises to speed up their AI system development.
On 19th March 2019, Cisco announced a new cognitive collaboration feature for Webex. The series of new AI-driven feature, as the video conferencing tool, is used by around 130 million people monthly. The new features will help users get meetings started more quickly and easily learn more about the people they're meeting with.
"In a 2018 report, the Organization of American States (OAS) called on the banking sector in Latin America and the Caribbean to “prioritize the development of capacities using emerging digital technologies, such as Big Data, Artificial Intelligence and related (such as cognitive computing and Machine Learning), which have an important potential in the optimization of resources destined for detection and prevention. It found that “49% of banking entities are still not and implementing tools, controls or processes using Emerging Digital Technologies, such as Big Data, Machine Learning or Artificial Intelligence. These are all very important for the prevention of cyberattacks or defining suspect patterns associated with fraud, among other detection capabilities.”
Cognitive Collaboration Providers, Cognitive Collaboration Distributors, Research and Development Institutes, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cognitive Collaboration market on the basis of product  , application [Facial Recognition, Data Analytics, Digital Assistance and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cognitive Collaboration market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cognitive Collaboration industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are iotum inc. (Canada) and Konolabs Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cognitive Collaboration market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.