The global cognitive computing market is forecast to reach USD 475.24 Billion by 2026, according to a new report by Reports and Data. The cognitive computing technology derives the answers and works like the human brains. Literally, the computerized models adapt algorithms that self-learn and utilize machine learning models to mimic the way the human brain works. The models formed by cognitive computing, provide a real-life roadmap for artificial intelligence and machine learning and eventually facilitate the automated systems, which would work without human assistance. The rising requirement of virtual assistance and eloquent interactive voice response (IVR) for customer support in various sectors are being highly insistent in the market. Cloud deployment is likely to enrich broadly due to the higher adoption rate of the cloud-based services in the financial SMEs’. The global Cognitive Computing Market research report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report aims to offer strategic recommendations to key players and new entrants to help them in fortifying their presence in the market.
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The market research report is a comprehensive analysis of framework and current and future growth prospect of the Cognitive Computing Market. The report enables the readers and clients to maximize on the lucrative growth opportunities of the niche sectors of the market and gain a competitive advantage over others. The report has been divided into segments to help users clearly understand each area in depth.
Companies considered and profiled in this market study
Microsoft, IBM, Google, Saffron Technology, Enterra Solutions, Numenta, HP, Oracle Corporation, CognitiveScale, Inc., and Vicarious.
The key statistical data offered in the report are crucial for investors and stakeholders in making data-driven decisions. The market overview offers an extensive analysis of the market that enables readers to understand the current and future market scenario along with market share, market size, revenue growth, existing and emerging trends, and a comprehensive value chain analysis. The report also leverages key analytical and statistical tools to provide accurate forecast. SWOT analysis and Porter’s Five Forces analysis are covered in the report along with feasibility analysis and investment return analysis.
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The segmentation section bifurcates the global Cognitive Computing Market based on product types, services, applications, end-use, technology, and regions. The report also discusses in details key factors influencing the growth of the market and revenue growth of each segment.
End-Users Outlook (Revenue: USD Billion; 2016-2026)
- Large Enterprises
- SMEs
Technology Outlook (Revenue: USD Billion; 2016-2026)
- Machine Learning (ML)
- Natural Language Processing (NLP)
- Neural Networks
- Deep Learning
- Reasoning Analysis
- Others
Deployment Mode Outlook (Revenue: USD Billion; 2016-2026)
- Cloud
- On-Premise
End-Use Verticals Outlook (Revenue: USD Billion; 2016-2026)
- Healthcare
- BFSI
- Customer Care
- Industrial Sector
- Travel Tourism
- IT Telecom Service
- Education Research
- Others
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Key Objectives of the Cognitive Computing Market Report:
- In-depth analysis of the overall industry outlook with recent trends and market dynamics
- Assessment of growth opportunities and prospects of the Cognitive Computing Market over the forecast period
- Regional and country-wise analysis to analyze the key aspects influencing the market growth
- Competitive landscape mapping including company overview, business expansion plans, market position, revenue contribution, financial standing, and strategic alliances adopted by the key companies
- Assists in decision making process by offering comprehensive entry-level research
- Analysis of key growth drivers and restraints, threats, challenges, limitations, growth opportunities and prospects.
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