Global Cognitive Computing Technology Market is expected to generate revenue of $13.8 billion by 2027, registering a CAGR of +34% during the forecast period of 2019 - 2027.
Cognitive computing technology helps to process volumes of complex data, thereby inadvertently enhancing the enterprise's productivity levels. Cognitive computing is considered as a next-generation system that converses in human language and helps experts to make better decisions by understanding the complexities of big data. In the current scenario, most of the data received are unstructured such as images, videos, natural language, and symbols. The cognitive computing technology market, with the help of different technologies such as natural language processing, machine learning, and automated reasoning, translates unstructured data to sense, infer and predict the best solution.
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Top Key Players of Cognitive Computing Technology Market:
SparkCognition Inc (U.S.), Expert System S.p.A. (Italy), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Numenta (U.S.), DeepMind Technologies Limited (U.K), Cisco Systems, Inc (U.S.), CustomerMatrix Inc (U.S.), CognitiveScale (U.S.), Hewlett Packard Enterprise (U.S.) among others.
Other vendors include Google, Inc (U.S.), Palantir Technologies (U.S.), Saffron Technology, Inc (U.S.), ColdLight Solutions (U.S.), Enterra Solutions LLC (U.S.), Vicarious (U.S.), Airware (U.S.), DigitalGenius (U.K), DataRobot (U.S.), Ross Intelligence (U.S.), Cylance (U.S.), Orbital Insight (U.S.), Planet labs (U.S.), Vicarious (U.S.), Darktrace (U.K), Cyberlytic (U.K), Indico (U.S.) among others.
Establishment of several cognitive computing startups such as Cognitive Scale is taking place in Europe region. Asia-Pacific region is expected to have moderate growth rate for Cognitive Computing Technology Market as rapidly rising trend of cloud based services, in small and medium enterprises, is paving the way for growth of cognitive computing market in this region. Latin America and Middle East and Africa regions are yet match the pace of global cognitive computing market.
Following key questions answered through this research report:
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Cognitive Computing Technology Market by Technology:
- What are the key players of the global Cognitive Computing Technology market report?
- What will be the market size of the global market?
- What are the challenges and risks in front of the global market?
- What are the major key players in the global market?
- Who are the key vendors in the global Cognitive Computing Technology market?
Cognitive Computing Technology Market by Application:
- Natural Language Processing,
- Machine Learning,
- Automated Reasoning
Cognitive Computing Technology Market by End-User:
- Government (Defense),
- IT & Telecom,
Cognitive Computing Technology Market by Deployment Type:
- Large Enterprises,
- Small and Medium Businesses (SMBs)
- On-Premises Software,
- Cloud-Based Services
Finally, the research directs its focus towards the possible strengths, weaknesses, opportunities, and threats that can affect the growth of the global Cognitive Computing Technology market. The feasibility of new projects is also measured in the report by the analysts.
In This Study, The Years Considered To Estimate The Size Of Cognitive Computing Technology Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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