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Cognitive Computing Market worth $12,550.2 Million by 2019
The report “Cognitive Computing Market by Technology (Natural Language Processing, Machine Learning, Automated Reasoning), by Deployment Model (On-Premises, Cloud) & by Regions - Global Forecast to 2019”, provides a comprehensive market and forecast analysis of the overall market, segmented by technology. The market has been further segmented by deployment model, end user, region, and vertical.
Browse 77 market data tables and 43 figures spread through 133 pages and in-depth TOC on “Cognitive Computing Market by Technology (Natural Language Processing, Machine Learning, Automated Reasoning), by Deployment Model (On-Premises, Cloud) & by Regions - Global Forecast to 2019"
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The system vendors in the cognitive computing market are continuously innovating and remodeling their present architecture to build more proficient and advanced systems that can help in more effective decision making.
The report covers major sub-segments of the cognitive computing market and provides the quantitative (market size and market growth) and qualitative (trends, analysis, and insights) analysis of those segments. This comprehensive coverage of the cognitive computing market provides important inputs such as drivers, restraints, and opportunities in this market, profiles the major players in this market, maps the competitive landscape, and provides the overall perspective of the cognitive computing market across various verticals and regions.
The North America region is having the largest market share as well highest growth rate, followed by Europe and Asia-Pacific region. The Middle East and Africa and Latin America market are still in initial phase of introductory stage.
The increasing trend of dark data and harness speed of internet is driving the growth of the market. Now-a-days, data present with business organizations are in the form of human language, pictures, and videos which contains immense valuable information with them. Hence, to process this dark data, there is a strong need of cognitive computing.
MarketsandMarkets has segmented the cognitive computing market by type of technology into Natural Language Processing (NLP), Machine Learning, and, Automated Reasoning; by deployment model into on-premises and cloud; by end user into small and medium businesses and enterprise; by vertical into BFSI, healthcare, consumer goods and retail, aerospace and defense, telecom and IT, energy and power, travel and tourism, media and entertainment, and education research; and by region into North America (NA), Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America (LA).
MarketsandMarkets forecasts the cognitive computing market to grow from $2,510.4 Million in 2014 to $12,550.2 Million by 2019. This represents a Compound Annual Growth Rate (CAGR) of 38.0% from 2014 to 2019.
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