Market Overview:
The global cognitive/artificial intelligence systems market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cognitive/artificial intelligence systems across different applications, such as manufacturing, healthcare, consumer and retail, automotive, BFSI and aerospace and defence. Additionally, the growing adoption of drones and autonomous cars is also contributing to the growth of this market. However, lack of skilled workforce is restraining the growth of this market to some extent.
Product Definition:
Cognitive/Artificial Intelligence Systems are computer systems that can understand, learn and interact with humans in a way that appears intelligent. They are used to help humans make better decisions by understanding the data they are working with and providing insights that would be difficult for a human to see.
Robotics:
Robotics is the study of machines and their interactions with the environment. It focuses on computer-controlled devices that can observe and interact with the physical world. The field of robotics has witnessed significant growth over recent years owing to technological advancements, increased funding from private & government organizations, rising R&D initiatives by companies, increasing usage in automation & artificial intelligence systems along with other applications such as medical assisting robots are expected to drive market growth during the forecast period.
Consumer Electronics:
Consumer electronics is a rapidly growing industry and has been witnessing strong growth in recent years. Technological proliferation, changing preferences of consumers, increasing disposable income levels are some of the key factors driving this market. Additionally, government initiatives to support R&D activities and continuous product development are also expected to positively impact the growth prospects over the forecast period.
Application Insights:
The application segment is segregated into seven sub-segments, namely manufacturing, consumer and retail, automotive, aerospace and defense, healthcare AI applications (diagnostics/surgery), BFSI (banking/finance), logistics and transportation. The manufacturing segment dominated the global cognitive/artificial intelligence systems market in 2017. This can be attributed to the increasing adoption of robotics in industrial automation as well as for providing customer services at hotels etc. In addition to this growth has been fueled by technological advancements such as increased processing power along with software solutions that enable easy data collection from machines for better analysis.
The consumer electronics sub-segment is anticipated to witness considerable growth over the forecast period owing to growing demand for smart products such as smartphones and tablets coupled with rising disposable income among consumers globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with a notable increase in investments and development of new technologies. This can be attributed to growing adoption across several sectors including manufacturing, consumer electronics, healthcare and others.
The European market for cognitive/artificial intelligence systems is anticipated to witness considerable growth over the forecast period owing to increasing investments by companies as well as government organizations for developing advanced technologies such as robotics and autonomous vehicles. Moreover, rising demand from various end-use industries such as BFSI (banking & financial services), automotive (automotive finance), retail (e-commerce) has also contributed significantly towards regional growth.
Asia Pacific is projected to emerge as one of the most promising regions during the forecast years due primarilyto developments taking place at a rapid pace across key economies suchas China.
Growth Factors:
- Increasing demand for cognitive/artificial intelligence systems from various end-user industries to improve their efficiency and productivity.
- Rising demand for cognitive/artificial intelligence systems from small and medium businesses to enhance their decision-making process.
- Proliferation of big data and increasing adoption of cloud-based services that are fuelling the growth of cognitive/artificial intelligence systems market.
- Growing number of start-ups offering innovative artificial intelligence solutions is expected to boost the growth of this market in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cognitive/Artificial Intelligence Systems Market Research Report
By Type
Robotics, Consumer Electronics, Drones, Autonomous Cars, Others
By Application
Manufacturing, Healthcare, Consumer And Retail, Automotive, BFSI, Aerospace And Defence, Others
By Companies
IBM, Microsoft, Google
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Cognitive/Artificial Intelligence Systems Market Report Segments:
The global Cognitive/Artificial Intelligence Systems market is segmented on the basis of:
Types
Robotics, Consumer Electronics, Drones, Autonomous Cars, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Healthcare, Consumer And Retail, Automotive, BFSI, Aerospace And Defence, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Google
Highlights of The Cognitive/Artificial Intelligence Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Robotics
- Consumer Electronics
- Drones
- Autonomous Cars
- Others
- By Application:
- Manufacturing
- Healthcare
- Consumer And Retail
- Automotive
- BFSI
- Aerospace And Defence
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cognitive/Artificial Intelligence Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cognitive/Artificial Intelligence Systems are computer programs that can reason, learn, and make decisions.
Some of the key players operating in the cognitive/artificial intelligence systems market are IBM, Microsoft, Google.
The cognitive/artificial intelligence systems market is expected to grow at a compound annual growth rate of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cognitive/Artificial Intelligence Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cognitive/Artificial Intelligence Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cognitive/Artificial Intelligence Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cognitive/Artificial Intelligence Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cognitive/Artificial Intelligence Systems Market Size & Forecast, 2018-2028
4.5.1 Cognitive/Artificial Intelligence Systems Market Size and Y-o-Y Growth
4.5.2 Cognitive/Artificial Intelligence Systems Market Absolute $ Opportunity
Chapter 5 Global Cognitive/Artificial Intelligence Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
5.2.1 Robotics
5.2.2 Consumer Electronics
5.2.3 Drones
5.2.4 Autonomous Cars
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cognitive/Artificial Intelligence Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Healthcare
6.2.3 Consumer And Retail
6.2.4 Automotive
6.2.5 BFSI
6.2.6 Aerospace And Defence
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cognitive/Artificial Intelligence Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cognitive/Artificial Intelligence Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cognitive/Artificial Intelligence Systems Analysis and Forecast
9.1 Introduction
9.2 North America Cognitive/Artificial Intelligence Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
9.6.1 Robotics
9.6.2 Consumer Electronics
9.6.3 Drones
9.6.4 Autonomous Cars
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Healthcare
9.10.3 Consumer And Retail
9.10.4 Automotive
9.10.5 BFSI
9.10.6 Aerospace And Defence
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cognitive/Artificial Intelligence Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Cognitive/Artificial Intelligence Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
10.6.1 Robotics
10.6.2 Consumer Electronics
10.6.3 Drones
10.6.4 Autonomous Cars
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Healthcare
10.10.3 Consumer And Retail
10.10.4 Automotive
10.10.5 BFSI
10.10.6 Aerospace And Defence
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cognitive/Artificial Intelligence Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cognitive/Artificial Intelligence Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
11.6.1 Robotics
11.6.2 Consumer Electronics
11.6.3 Drones
11.6.4 Autonomous Cars
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Healthcare
11.10.3 Consumer And Retail
11.10.4 Automotive
11.10.5 BFSI
11.10.6 Aerospace And Defence
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cognitive/Artificial Intelligence Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Cognitive/Artificial Intelligence Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
12.6.1 Robotics
12.6.2 Consumer Electronics
12.6.3 Drones
12.6.4 Autonomous Cars
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Healthcare
12.10.3 Consumer And Retail
12.10.4 Automotive
12.10.5 BFSI
12.10.6 Aerospace And Defence
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cognitive/Artificial Intelligence Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cognitive/Artificial Intelligence Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cognitive/Artificial Intelligence Systems Market Size Forecast by Type
13.6.1 Robotics
13.6.2 Consumer Electronics
13.6.3 Drones
13.6.4 Autonomous Cars
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cognitive/Artificial Intelligence Systems Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Healthcare
13.10.3 Consumer And Retail
13.10.4 Automotive
13.10.5 BFSI
13.10.6 Aerospace And Defence
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cognitive/Artificial Intelligence Systems Market: Competitive Dashboard
14.2 Global Cognitive/Artificial Intelligence Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Google
