Press release
What Strategies are Cognitive Systems Market Players Adopting To Ensure Sustainability? Top Players Covered HP, IBM, Microsoft, Accenture, DataStax, EMC, Google, MapR Technologies, SAS Institute and Teradata
Cognitive Systems
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The machine learning segment is projected to grow with the largest CAGR over the forecast period. The cognitive system has the capability of continues learning, which helps to deliver the grater values. Hence, this helps to increase the capability of machine learning and improve their expertise by auto learning.
Some of the major players involved in the global Cognitive system market 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.
North America held a dominant position in the global Cognitive system market in 2016 with US$ 5.16 billion and is projected to exhibit a CAGR of 29% throughout the forecast period.
Cloud-based deployment model is estimated to grow with the largest CAGR over forecast period. Increasing adoption of cloud technology by various companies has raised the demand for cloud-based cognitive system solutions.
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On the basis of end users, banking, finance, services, and insurance segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Moreover, healthcare segment is estimated to grow with a significant CAGR over the forecast period. Owing to high demand for customer services, advisory, and investment consulting, which in turn raised the demand for the cognitive system.
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