Cognitive Computing Market 2020 Industry Demand, Growth Size and Opportunity


Posted December 7, 2020 by shivF26

The global cognitive computing market was valued at USD 9,213.4 million in 2018 and is expected to reach USD xx million in 2026, growing at a CAGR of 31.3% during the forecast period.
 
The global cognitive computing market was valued at USD 9,213.4 million in 2018 and is expected to reach USD xx million in 2026, growing at a CAGR of 31.3% during the forecast period.

Cognitive computing systems are developed by using machine learning algorithms and Natural Language Processing (NLP) to analyze and predict a particular situation. The growth of the cognitive computing market is primarily driven by the increasing volume of complex data and evolution in computing platforms such as mobile, cloud, and big data analytics. Moreover, new technologies like driverless cars and rising research & development on emerging technology are expected to create lucrative opportunities in the global cognitive computing market over the forecast period. However, high cost of deployment is expected to impede the growth of the global market during the forecast period.

Get a Sample Copy of Report @ https://www.alltheresearch.com/sample-request/287

Natural Language Processing (NLP) held a dominating share in the global cognitive computing market in 2018

Based on technology, the global cognitive computing market has been segmented into machine learning, Natural Language Processing (NLP), automated reasoning, information retrieval, and others. The Natural Language Processing (NLP) segment held a dominating share in the global market in 2018. Natural Language Processing (NLP) is one of the prominent technologies utilized due to its in-built capacity for processing natural language interactions. The rising usage of automated reasoning, machine learning, and big data analytics technology with artificial intelligence has created the way for the evolution of data science. The increasing adoption of the Internet of Things (IoT) is expected to accentuate the growth of the cognitive computing market.

Based on deployment, the cloud segment is expected to grow at a CAGR of around xx% over the forecast period

Based on deployment, the cognitive computing market has been segmented into cloud and on-premises. Cloud deployment holds a significant share in the market and is expected to grow at a higher rate over the forecast period. The growth of the cloud environment is attributed to the benefits provided by cloud deployment, such as secure storage of a large amount of data by tackling challenges like fault tolerance and live migration of data. Cloud deployment with the help of cloud computing will help drive the growth of this segment and is expected to propel the market for cognitive computing in the coming years as well.

Company Profiles and Competitive Intelligence:

The major players operating in the global cognitive computing market are, IBM Corporation (US), Microsoft Corporation (US), Amazon (US), Google Inc. (US), Apple Inc. (US), Dell Inc. (US), Baidu Inc. (China), Saffron Technology (Intel) (US), SAS Institute Inc. (US), and Inbenta Technologies Inc. (US), among others.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By shiv
Phone 4077682028
Business Address 4700
Millenia Bvld,
Country United States
Categories Advertising
Tags cognitivecomputingmarket
Last Updated December 7, 2020