SAN FRANCISCO, Aug. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Cognitive Analytics – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 42948
Companies: 16 – Players covered include Amazon Web Services, Inc.; Cisco Systems, Inc.; Google, Inc.; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Intel Corporation; IPsoft Inc.; Microsoft Corporation; Narrative Science Inc.; Nokia Corporation; Nuance Communications, Inc.; Oracle Corporation; Persado; SAS Institute, Inc.; Sinequa and Others.
Coverage: All major geographies and key segments
Segments: Application (Asset Maintenance, Fraud & Risk Management, Customer Analysis & Personalization, Sales & Marketing Management, Other Applications); Component (Tools, Services); Deployment (On-Premise, Cloud)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Cognitive Analytics Market to Reach $28.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Cognitive Analytics estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$28.4 Billion by 2026, growing at a CAGR of 37.2% over the analysis period. Tools, one of the segments analyzed in the report, is projected to record 33.3% CAGR and reach US$20.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 43.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $4.2 Billion by 2026
The Cognitive Analytics market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2026 trailing a CAGR of 35.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.1% and 31.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.3% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.