Cognitive Systems Market Global Positioning of HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute and Teradata

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).The cognitive system is a suit of technologies, which extracts the insights form the structured and unstructured data by using machine learning and natural language processing technology. The increasing unstructured data, such as call center transcripts, documents, email messages, social media content, and social networking sites contents has become one of the major factors for the growth of the cognitive system market.

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Key companies covered as a part of this study include HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute, and Teradata.Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics.

"The machine learning segment is projected to grow with largest CAGR over the forecast period."

On the basis of technology, the market is diversified into machine learning, natural language processing, planning and scheduling. The natural language processing market held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period.

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

'The Banking segment is projected to hold the dominating position"

On the basis of end users, the cognitive system market is diversified into banking, education, government, healthcare, insurance, manufacturing, security and investment, telecommunications, transportation and others. The banking segment is projected to hold the dominating position over the forecast period.

"North America holds a dominant position in the global Cognitive systems market"

According to Coherent Market Insights, North America held the dominant position in the global Cognitive systems market in 2016 and is projected to retain its dominance throughout the forecast period. In 2016, the North America cognitive system market generated a value of US$ 5.16 million. The U.S and Canada are the major countries driving the growth for Cognitive systems market in North America region. In addition, the Asia Pacific cognitive system market is projected to grow with the largest CAGR over the forecast period.

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This release was published on openPR.