Global Cognitive Media Market to Reach $2.9 Billion by 2026

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Aug 24, 2021, 10:00 ET

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 Media - 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: 7; Released: April 2021
Executive Pool: 27433
Companies: 38 - Players covered include Acrolinx GmbH; Adobe Systems, Inc.; Amazon Web Services, Inc.; Axle.Ai; Baidu, Inc.; ByteDance; Clarifai, Inc.; Crimson Hexagon; Emarsys North America Inc; Google, Inc.; IBM Corporation; Kenshoo, Ltd.; Kitewheel; Microsoft Corporation; MiQ Digital Ltd; NewsRx LLC.; NVIDIA Corporation; Phrasee Ltd.; Salesforce.com, Inc.; SoundHound, Inc.; Spotad; Trendkite; Valossa Labs Oy; Veritone, Inc.; Video Intelligence AG; Zeta Global and Others.
Coverage: All major geographies and key segments
Segments: Application (Content Management, Network Optimization, Recommendation & Personalization, Customer Retention, Predictive Analysis, Security Management, Other Applications); Technology (Deep Learning & Machine Learning, Natural Language Processing)
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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ABSTRACT-

Global Cognitive Media Market to Reach $2.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Cognitive Media estimated at US$768.6 Million in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2026, growing at a CAGR of 24.3% over the analysis period. Deep Learning & Machine Learning, one of the segments analyzed in the report, is projected to record a 25.8% CAGR and reach US$2.7 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 Natural Language Processing segment is readjusted to a revised 20.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $267.4 Million in 2021, While China is Forecast to Reach $449.8 Million by 2026
The Cognitive Media market in the U.S. is estimated at US$267.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$449.8 Million by the year 2026 trailing a CAGR of 23.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.9% and 20.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.9% 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.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.