Cognitive Media Market Insights
The cognitive media market is expected to grow at a significant CAGR over the forecast period. Some of the factors positively influencing the market growth include the rise in the adoption of cognitive technology coupled with increasing customer engagement on digitized platforms, and growing emphasis on competitive intelligence among others.
The growth of the overall market is also expected to be driven by high adoption of technologically advanced analytical solutions by the operating companies in order to enhance the customer performance and productivity. Also, growing demand for audience analytics solutions and software is further projected to aid the market demand over the coming years. However, complexity in analytical operations coupled with lack of skilled practitioners and regulatory standards is projected to hinder the market growth over the coming years.
Cognitive Media Market: Component Insights
On the basis of components, the cognitive media market is segmented into tools & platforms and services. The services segment is projected to witness a high growth rate over the coming years due to increased deployment of AI technology in the social media enterprises along with rising use of smartphones among the users. The increasing trend of outsourcing cognitive analytics services is also projected to aid the segmental growth over the forecast period.
Cognitive Media Market: Technology Insights
The global cognitive media market is segmented into machine learning & deep learning, natural language processing. The demand for NLP segment is expected to be highest over the forecast period. The growth is expected to be positively influenced by superior ability process natural language interactions.
Along with this, the increasing adoption of big data, machine learning technology, and high inclination towards automated solutions is expected to boost the overall market growth over the coming years. The demand for cognitive technology has gained huge momentum in the media industry over the last few years.
Cognitive Media Market: Application/ Deployment Insights
The global cognitive media market is segmented into sales & marketing, customer analysis & personalization, predictive analysis, and risk analysis & management among others. The customer analysis & personalization segment is expected to occupy a significant market share in the coming years due to initiatives were undertaken by the key companies to improve the audience experience over the forecast period.
Based on deployment type, the market has been divided into on-demand and on-premises. The cloud-based or on-demand segment is anticipated to be the fastest growing segment over the next eight years due to scalability and flexibility of cloud-based technologies.
Cognitive Media Market: Regional Insights
The demand in North America is expected to increase at a rapid rate over the forecast period due to the presence of established players in North America along with rapid adoption rate of latest technologies in the region. Europe is projected to follow North America in terms of market share. Asia Pacific is expected to register highest CAGR over the coming years due to increased investments in the market. The markets in Middle East & Africa and Latin America are also anticipated to explore new growth opportunities over the forecast period.
Cognitive Media Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase cognitive media over the coming years.
Cognitive Media Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Cognitive Media Market Share & Competitor Analysis
Some of the key players profiled in the cognitive media market include AWS, IBM, Google, Microsoft, Trendkite , Acrolinx, Salesforce, Baidu, Adobe, Nvidia, Veritone, and Albert among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Avail customized purchase options to meet your exact research needs: