Scope of the Study
AI is the simulation of human intelligence processes by machines. These processes include learning from constantly changing data, reasoning to make sense of data and self-correction mechanisms to make decisions. Whereas, Cognitive Computing is the individual technologies which perform specific tasks that facilitate human intelligence. In In the real world, applications for Cognitive Computing is often different than applications for AI. Cognitive Computing is important in analysis intensive industries and AI is important in service-oriented industries.
The market study is being classified, by Application (Automation, Intelligent Virtual Assistants, Behavioral Analysis, Biometrics and Others) and major geographies with country level break-up.
Microsoft (United States), Teradata (United States), IBM (United States), SAS (United States), Google (United States), AWS (United States), CognitiveScale (United States), SparkCognition (United States), TCS (India) and Expert System (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Artificial Intelligence and Cognitive Computing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Artificial Intelligence and Cognitive Computing market by Type, Application and Region.
On the basis of geography, the market of Artificial Intelligence and Cognitive Computing 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Big Data Analytics
- Development of Machine to Machine Technologies
- Rising Demand of Better Customer Experience
- Lack of skilled professionals
- Rise in Transaction Information and Customer Data
- Increasing Need for High Speed Computing Services
- Lack of Awareness Associated with Cognitive Computing
Market Leaders and their expansionary development strategies
On May 2020, Microsoft has acquired Softomotive which is a software company that provides Robotic Process Automation technology for organisation's digital workforce development
On January 2019, Capgemini launched Perform AI which is a new portfolio of solutions and services to assist organisations in achieving and sustaining tangible business outcomes by building and operating enterprise-grade artificial intelligence (AI) at scale.
Key Target AudienceDistributors, Government associations, Research organisations, Software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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