Cognitive Analytics Market Regional Analysis:
North American Market Insights
The cognitive analytics market in North America is predicted to hold the largest market share 30% during the forecast period. The primary factor that drives the market size is growth in AI technology investments in the United States. American businesses started making notable investments in AI research, development, and application, which resulted in the development of cutting-edge cognitive analytics solutions.
These initiatives foster creativity, improve the functionality of cognitive analytics tools, and promote their use in different sectors. As a result, the cognitive analytics market in North America is still expanding significantly mainly driven by continuous investments in AI technology. North America is expected to be a prominent regional artificial intelligence (AI) market by 2022, with an estimated value of USD 24.9 billion.
Europe Market Insights
The cognitive analytics market in Europe is considered to record a noteworthy market share of over 27% throughout the projection period. The digital divide will be closed by the growing use of technologies like artificial intelligence and machine learning. According to the top analytics research on the European AI frontier, 25% of AI start-ups are located in European nations, which is expected to propel market progress in that region.
The growing awareness of the benefits linked with implementing cognitive training sessions, games, and assessments in schools and other colleges is a growth-driving factor that will create an opportunity for the growth of the cognitive analytics market.
