Market Share of Cognitive Services Industry
The cognitive service market is inclined towards concentration with the presence of a few key players in the market, including Microsoft, Google, and AWS. These companies are highly investing in research and developments towards improving cognitive services for varied industries and continuing their market dominance.
In January 2023, AI healthcare software company VinBrain, a company backed by Vingroup, collaborated with Microsoft Corporation. As per the press release, the collaboration would work on three areas of AI healthcare: data sharing, cross-product validation, and R&D. As part of the collaboration, VinBrain would use Azure Cognitive Services for Computer Vision to validate new deep-learning models, including Microsoft's latest computer vision model called Florence.
In November 2022, Microsoft Corporation introduced a new User Interface (UI) for developers called Vision Studio to try its Computer Vision API. It is a part of Microsoft's Cognitive Services offering in Azure. The API provides access to advanced algorithms for processing media and returning information. Azure's Computer Vision algorithms can analyze visual content differently based on inputs and user choices by uploading a media asset or specifying a media asset's URL.
Cognitive Services Market Leaders
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Microsoft Corporation
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Amazon Web Services, Inc.
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Attivio, Inc.
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SAS Institute Inc.
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Google LLC
*Disclaimer: Major Players sorted in no particular order
