Press release
Cognitive System Market to Witness Robust Expansion by 2025
Cognitive System Market
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The global cognitive system market was valued at US$ 8 billion in 2016. By the end of the year 2025, the market is projected to reach US$ 88.14 billion with a CAGR of 29.02% during the forecast period (2017–2025).
Market Dynamics
The increasing unstructured data such as call center transcripts, documents, email messages, social media content, social networking sites contents has become one of the major factors for the growth of the cognitive system market. Moreover, the increasing usage of artificial intelligence in various increasing verticals and constant advancement in data processing technology are the factors fueling the growth of the cognitive system market globally. In addition, the banking end users verticals are driving the growth of the cognitive systems market.
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Key Vendors of Cognitive System Market: HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute, and Teradata.
Detailed Segmentation:
Global Cognitive system Market, By Deployment Model:
Cloud
On-Premises
Global Cognitive system Market, By Technology:
Machine Learning
Natural Language Processing
Planning and scheduling
Global Cognitive system Market, By End Users:
Banking
Education
Government
Healthcare
Insurance
Manufacturing
Security and Investment
Telecommunications
Transportation
Others
Global Cognitive system Market, By Geography:
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