New York, NY -- (SBWIRE) -- 12/24/2020 -- Reports and Data's latest market research report, titled 'Global Cognitive Services Market Forecast to 2027,' expansively covers the global Cognitive Services industry's significant dynamics. Based on in-depth scrutiny, the global Cognitive Services market is poised to deliver an impressive CAGR of 39.7% during the forecast duration (2020-2027). Each market evaluation is based on the detailed study of the key market segments, product type spectrum, application gamut, regional overview, and the market's highly competitive scenario. The report's authors have closely eyed the prominent factors influencing the market growth in order to provide the reader with a bird's eye view of the Cognitive Services market. The Cognitive Services market report's major components include the product type outlook, application range, end-use landscape, the efficient solutions & services offered by the leading market players, technological developments, the current and emerging market trends, and the critical industry facts & figures.

The latest study is touted as the first document to include a thorough examination of the Cognitive Services market's present situation in view of COVID-19. Since the advent of the pandemic and the subsequent lockdown restrictions, the global business sector has been grappling with adverse financial consequences. The pandemic has affected nearly all segments of the Cognitive Services market, thereby hindering the future developmental scope of various market players. The report analyzes the market's significant paradigm shifts that influence its future development. Thus, the report gauges the profits earned or losses suffered by the different market regions and simultaneously analyzes the intensifying competition level among the key market players. The estimated revenue shares, gross profit margins, and key business strategies of these companies have been depicted in the report.

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Global Cognitive Services Market: Segmentation

Under the segmental analysis, the most vital segments of the Cognitive Services business sector have been highlighted. This section helps the targeted readers, as well as the companies involved in this sector, make optimal business decisions, and boost their COVID-19 preparedness. The regional outlook of the market provides valuable insights into the regional contribution to the consistent growth of the Cognitive Services market. Here, the current and future market valuations have been assessed considering the demand-supply dynamics and pricing structures of the leading regional segments. Moreover, this section throws light on the key growth prospects of each market segment and sub-segment over the projected period. Hence, towards the end of the report, the authors explain the global Cognitive Services market's competitive landscape. It is highly consolidated due to the presence of a large number of companies operating across this industry. The report entails detailed information on these companies' current market positions, past performances, production & consumption patterns, demand & supply graphs, sales network, distribution channels, growth opportunities, and major threats & risks. Therefore, the report enumerates these players' strategic business growth approaches to reinforce their market foothold.

The leading market contenders listed in the report:

Microsoft, IBM, AWS, Google, Nuance Communications, Baidu, SAS, Qualcomm Technologies, Nokia, TCS, and Apple.

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Market Segmentation by product type:

· Data Transformation

· Cloud and Web-Based Application Programming Interface

· Knowledge Management

· Cognitive Risk Intelligence

· Data Integration and Cognitive Automation

· Training and Support

· Communication Monitoring

Market Segmentation by application:

· Predictive Maintenance

· Marketing Analysis

· Quality Management Investigation and Recommendation

· Supply Chain Management

· Diagnosis and Treatment System

· Safety and Security Management

· Others

Market Segmentation by end-user:

· Healthcare

· Banking, Financial Services, and Insurance

· IT and Telecommunication

· Retail

· Manufacturing

· Education

· Government

Market Segmentation by region:

· North America (U.S., Canada)

· Latin America (Chile, Brazil, Argentina, Rest of LATAM)

· Europe (U.K., Italy, Germany, France, Rest of EU)

· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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