Cognitive Analytics Market Promises Robust Growth Through 2023


Cognitive analytics’ ability to handle large volumes of data, regardless of whether it’s structured, unstructured, is a main factor in the market’s growth.

A new report by QY Reports is forecasting the cognitive analytics market to grow at a CAGR of 42% by 2023. The report looked at the top players and up and coming competitors, examining the business strategies of both along with newly forming market industries. It also includes SWOT analysis, revenue share and contact information.

Top Players profiled in the report include: IBM, Amazon’s AWS Web Services, Google, Microsoft, Oracle SAS Institute, Intel, Cisco Systems, HP, Nuance Communications, IPsoft, Narrative Science, Nokia, Sinequa, and Persado (US)

See also: Cloudera builds out for cloud, ML, and analytics

The report found that the rise of cognitive computing technology adoption, increase in complex data and the introduction of advanced analytics techniques are the major forces responsible for the market’s growth. Major applications include risk management, fraud detection, asset maintenance, customer analysis, network management, workforce management, supply chain management and sales and marketing. Fraud detection and risk management are the most rapidly growing sectors, and the cognitive analytics market is expected to see brisk growth in that area as well.

The report also studied potential roadblocks to the success of the global cognitive analytics market, including vendor and buyer barriers, product alternatives, threats, and competition.  It also examines the potential impacts of government guidelines and regulations.

Other highlights of the report include:

  • Comprehensive analysis of geographical regions is provided to determine the prevailing opportunities in the global market.
  • Detailed quantitative analysis of the current market and estimations from 2018 to 2025 to identify the prevailing opportunities.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
  • Market conditions are comprehensively analyzed in the report to understand the regional trends and dynamics.

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Sue Walsh

About Sue Walsh

Sue Walsh is News Writer for RTInsights, and a freelance writer and social media manager living in New York City. Her specialties include tech, security and e-commerce. You can follow her on Twitter at @girlfridaygeek.

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