Cognitive Service Market by Service (Knowledge Management), By Technology (Machine Learning, Natural Language Processing), By Application (Government and Education), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024

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Cognitive Service Market: Summary

The global cognitive service market is estimated to reach USD 18.2 Billion in 2024 at a CAGR of 42.2%. Rising demand for new generation robots, advancing automated fraud detection systems, increasing growth in large-scale tasks, and rising performance & profit orientation is expected to drive the market. However, slow market adoption act as one of the restraining factor for the market growth. Advancement of Artificial Intelligence (AI) and application programming interface (API) is identified as an opportunity for this market.

Cognitive Service is a type of machine learning technology which is used in the field of Artificial Intelligence (AI). It creates applications which support algorithms, website, bots to (see, hear, speak) understand. Some key players of the market are IBM Corporation, Amazon Web Services, Inc., Ripple, Microsoft Corporation, Apple Inc., Inc., Nuance Communications, Inc., QUALCOMM, Inc., SAS Institute Inc., Nokia Corporation and Verbio Technologies, S.L. among other.

Cognitive Service Market


Cognitive Service Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of service, the market is segmented into knowledge management, data revolution, training, communication, cloud service and others. By technology, the global market is segmented machine learning, natural language processing, optimization and robotics. By application type, the market is segmented into government and education, healthcare, banking, financial services and insurance (BFSI), manufacturing, and others.

Cognitive Service Market: Report Scope

The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Service, Technology, Application

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft Corporation
  • Apple Inc.
  • Amazon Web Services, Inc.
  • Nuance Communications, Inc.
  • QUALCOMM, Inc.
  • SAS Institute Inc.,
  • Nokia Corporation
  • Verbio Technologies, S.L.
  • Other Key Companies

Cognitive Service Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Cognitive Service Market, by Service

  • Knowledge Management
  • Data Revolution
  • Training
  • Communication
  • Cloud Service
  • Others

Cognitive Service Market, by Technology

  • Machine Learning
  • Natural Language Processing
  • Optimization
  • Robotics

Cognitive Service Market, by Application

  • Government and Education
  • Healthcare
  • Banking, financial services and insurance (BFSI)
  • Manufacturing
  • Others

Cognitive Service Market, by Region

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key players operating in the global market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Cognitive Service Market Providers
  • Cognitive Service Market Solution and Services Suppliers, Distributors, and Dealers
  • End-Users of Varied Segments of Cognitive Service Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                 4.2.1.    Rising Demand of New Generation of Robots

                                 4.2.2.    Advancement Automated Fraud Detection Systems

                                 4.2.3.    Increasing Grow in Large-Scale Tasks

                                 4.2.4.    Rising in Performance & Profit Orientation

4.3       Restraints

                                 4.3.1.    Slow Adoption Process

4.4       Opportunities

                                 4.4.1.    Advancement of Artificial Intelligence (AI) and High Adoption of Application Programming Interface (API)

4.5       Challenges

                                  4.5.1     Cloud Data Tracking Process


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      COGNITIVE SERVICE MARKET BY SERVICE, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Knowledge Management

6.3       Data Revolution

6.4       Training

6.5       Communication

6.6       Cloud Service

6.7       Others

7      COGNITIVE SERVICE MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)

7.1       Introduction

7.2       Machine Learning

7.3       Natural Language Processing

7.4       Optimization

7.5       Robotics

8      COGNITIVE SERVICE MARKET BY APPLICATION, Market Size in USD Million (2017—2024)

8.1       Introduction

8.2       Government and Education

8.3       Healthcare

8.4       Banking, financial services and insurance (BFSI)

8.5       Manufacturing

8.6       Others

9      COGNITIVE SERVICE MARKET BY REGION, Market Size in USD Million (2017—2024)

9.1       North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

9.2       Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Spain

                                 8.2.6.    The Netherlands

                                 8.2.7.    Rest of Europe

9.3       Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

9.4       Middle East & Africa

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East

9.5       South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America


10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking


11.1     IBM Corporation

                                11.1.1    Company Overview

                                11.1.2    Financial Overview

                                11.1.3    Products/Solutions/Services Offered

                                11.1.4    Key Developments

                                11.1.5    SWOT Analysis

11.2     Microsoft Corporation

11.3     Apple Inc.

11.4     Amazon Web Services, Inc.

11.5     Nuance Communications, Inc.

11.6     QUALCOMM, Inc.

11.7     SAS Institute Inc.,

11.8     Nokia Corporation

11.9     Verbio Technologies, S.L.

11.10  Other Key Companies


12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

12.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain




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Research Design

Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.

About Forencis Research

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Key Questions Answered by the Report

  • Major factors impacting the market and its growth
  • Evolving Types of the various products in the Market
  • Evolving Application of the various products in the Market
  • Growing countries in the Global Market
  • Effects of the developments in the market on the industry and on the market players
  • Key market developments undertaken by the leading players

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