Cognitive System Market World's Top Players Include HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute and Teradata

Cognitive system Market is estimated to be valued at over US$ 88.14 billion by 2025 and expected to witness a CAGR of 29.02% during the forecast period from 2017 to 2025, as highlighted in a report published by Coherent Market Insights.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.

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Increasing unstructured data is one of the major factors driving growth of the cognitive system market. For instance, around 300 million photos are uploaded per day on Facebook, 510 thousand comments are posted, and 293 thousand statuses are updated in every 60 seconds. The demand for cognitive systems is increasing over the past few years, owing to rising demand for insights that are obtained from unstructured data to have an understanding about the market scenario.
Furthermore, technological advancements in data processing and increasing utilization of artificial intelligence by various organizations are fueling growth of the market globally. Moreover, the cognitive system market in Asia Pacific region is expected to exhibit growth with the largest CAGR over the forecast period. This is owing to factors such as increasing adoption of digitalization in public, government, industrial sector, and rising advancements in IT infrastructure.

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.Various strategy matrices used in analyzing the cognitive system market would provide stakeholders vital inputs to make strategic decisions accordingly.

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.

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.

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

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity

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This release was published on openPR.