The
global cognitive computing market size is expected to
reach USD 49.36 billion by 2025, according to a new study conducted by Grand
View Research, Inc. The surge in demand for the cognitive computing technology
across North America and Europe is anticipated to drive the industry growth
over the next nine years. It enables business organizations to incorporate
advanced data analytics technology in their business processes to measure the
risk associated with the strategic initiatives.
Industry
players are progressively investing a significant amount to adopt the modern
cognitive solution by profound research and development. Since 2010, several
mergers and acquisitions have taken place by large enterprises to utilize this
inherent technological platform into the organization.
 |
| U.S. cognitive computing market, by application, 2014 - 2025 (USD Billion) |
The
incorporation of features, such as Artificial Intelligence and Internet of
Things that enables automated integration between software, hardware platform,
and the consumer, is energizing the industry growth prospects. These features
subsequently influence the market dynamics and accelerate the growth momentum to
rise to its optimal level.
The
increasing consumer preference toward profound data analysis is a favorable
trend observed in the market. The continuous development of cloud computing
platform and on-premises hardware equipment for the safe and secure data storage
is instrumental to the widespread adoption of cognitive solution across diverse
industrial verticals.
The
cognitive computing solution has the potential to perform analysis and support
business decision making against a huge amount of data generated daily across
various industries. It also has the potential to identify anomalous behavior in
the data by inspecting usage patterns to block the cyber-attacks.
Browse full
research report on Cognitive Computing Market: www.grandviewresearch.com/industry-analysis/cognitive-computing-market
Further
Key findings from the study suggest:
- The natural language processing technology
segment dominated the industry, accounting for over 40% of the overall
volume due to the surging demand for pattern recognition
- Cloud systems are expected to gain momentum as
they facilitate secure and integrated data storage solution according to
the business requirements
- The Asia Pacific region is predicted to emerge
as the fastest growing market owing to the rise in small and medium
enterprises in emerging countries, such as India and China
- Prominent vendors operating in the market
include Google, IBM, Microsoft Corporation, Oracle Corporation, SAP,
Statistical Analysis System (SAS), and Saffron Technology
- Increased focus on research and development
activities and adoption of artificial intelligence are being observed in
the industry
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global cognitive computing market
on the basis of technology, deployment, application, and region:
Technology
Outlook (Revenue, USD Million; 2014 - 2025)
- Natural
Language Processing
- Machine
Learning
- Automated
Reasoning
- Information
Retrieval
Deployment
Outlook (Revenue, USD Million; 2014 - 2025)
- On-premises
- Cloud
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Healthcare
- Retail
- BFSI
- Security
- IT &
Telecom
- Aerospace
& Defense
- Others
Cognitive
Computing Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-cognitive-computing-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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