Cognitive Computing Market Feels The Spotlight On Its Technology Is Justified As Innovations Gather Pace - MarketIntelReports
Delaware, March 10, 2017 (GLOBE NEWSWIRE) -- The report "Global Cognitive Computing Market (Technology, Application, End User, Deployment Type and Geography) - Size, Share, Trends, Company Profiles, Demand, Insights, Analysis, Opportunities, Segmentation and Forecast, 2014 - 2020", available on MarketIntelReports, estimates that North America and China will give rise to a majority of advances by 2020.
Browse 37 Market Tables as well as 47 Figures which are spread through 127 Pages and an in-depth TOC on the "Cognitive Computing Market 2014-2020" http://www.marketintelreports.com/report/allied0195/global-cognitive-computing-market-technology-application-end-user-deployment-type-and-geography--size-share-trends-company-profiles-demand-insights-analysis-opportunities-segmentation-and-forecast-2014--2020
Scope & Regional Forecast of the Cognitive Computing Market
Cognitive computing can be described as a cutting-edge technological platform whose foundations are based on the principles of a variety of fields like artificial intelligence, machine learning, vision, etc. In other words, software as well as hardware cognitive technology can imitate the functions of a brain. Cognitive computing companies are working towards an objective of improving human decision-making after taking complex data into account. The findings are applied to an enterprise in an effort to enhance its productivity levels. The cognitive business is striving to constantly innovate design and efficiency. Thus, the Cognitive Computing Market has excellent potential for growth during the forecast period of 2014-2020.
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The Cognitive Computing Market revenue is expected to cross the $13.7 billion mark, accompanied by a CAGR of 33.1%, by 2020. The primary growth drivers behind this are as follows: a rise in the amount of unstructured data; technological advancements in cognitive solutions as well as cognitive cloud computing; manufacture of innovative hardware which enables cognitive computing applications at a higher level; and rising demand for experiencing cognitive systems.
The Cognitive Computing Market has noticed there some amount of reticence when it comes to adopting cognitive intelligence in everyday enterprise operations due to high costs currently involved. But as time passes, many technological advances are expected to swiftly bring down the costs involved. Another factor boosting the market are the rapid enhancement of internet speeds across the world, especially in developing countries like India and China. The internet is the major source for accessing large amounts of data in real-time.
The report provides an in depth analysis of the cognitive computing market and offers current and future trends to identify lucrative investment pockets in the market
- The report identifies the key drivers, opportunities and restraints along with their impact analysis
- Porter's five forces analysis provides a clear idea regarding the potency of the buyers and suppliers participating in this market. This would further lend competitive advantage to the stakeholders in making profitable business decisions
- Current and future trends are outlined to determine the overall attractiveness and figure out profitable trends in order to gain a stronger foothold in the market
- A detailed qualitative and quantitative analysis of the market through 2014–2020 is provided to highlight the market potential
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Segmentations & Key Players Involved in the Cognitive Computing Market
The Cognitive Computing Market can be broken down into various segmentations on the basis of -
Type of Technology: Natural Language Processing, Machine Learning, Automated Reasoning and Others (Information Retrieval).
Application: Healthcare, BFSI, Retail, Government (Defense), IT & Telecom, Security and Others (Travel & Tourism, Media and Entertainment, Energy & Power, Research & Education).
End-User: Large Enterprises and Small and medium businesses (SMBs).
Deployment Type: On-Premise Software and Cloud-based Services.
Geographical Location: North America, Europe, Asia-Pacific and LAMEA.
Some of the key players involved in the Cognitive Computing Market are as follows:
- International Business Machines Corporation (IBM)
- Google Incorporation
- Microsoft Corporation
- Nuance Communications Inc.
- Hewlett Packard (HP)
- Statistical Analysis System (SAS)
- Tibco Software
- Oracle Corporation
Why buy this report?
- Get a detailed picture of the Cognitive Computing Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market's major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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