Cognitive Computing Market Key Trends 2020, Revenue To Garner $13.8 billion By 2020
The natural language processing segment generated the maximum revenue in 2014, accounting for over 40% of the total market revenue. The technology would continue to dominate the market throughout the forecast period. Machine learning is the second highest segment, constituting around 30% of the total revenue. Automated reasoning technology, presently having a smaller market share, would grow at the fastest CAGR of 37% during 2015 - 2020. Automated reasoning reduces overloaded information and is seeking applications in computational biology that would accelerate the growth of the technology in the coming years.
Access full summary report at: https://www.alliedmarketresearch.com/cognitive-computing-market
North America accounts for the highest adoption of cognitive computing applications and holds the largest revenue share in the global market, followed by Europe. The North American region generated a revenue of$1.06 billion in 2014 and would dominate the market during the forecast period 2015 - 2020.Asia-Pacificis expected to become a lucrative market for cognitive computing. The rapidly rising trend of cloud based services, in small and medium enterprises, exhibits a high growth rate in the Asia-Pacific countries.
The global market is expected to garner $13.7 billion by 2020, registering a CAGR of 33.1% during the period 2015 - 2020. The advent of cognitive computing has led to a major shift in the evolution of technology over the past decade. The growing trend of increasing cloud based services, big data analytics and harnessing the internet speed, has largely supplemented the growth of the cognitive computing market. Cognitive analytics have optimum capabilities in handling huge volumes of data and facilitate the quick transitioning of manufacturing footprints and technologies. Enterprises, today, incorporate newer technologies, both in hardware and software, in order to keep pace with the changing business requirements. The increasing adoption of cognitive computing in business applications has led to significant improvements in the productivity and standard of operations in numerous organizations.
Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/677
Companies such as Deloitte, PwC, Accenture and other prominent players largely utilize cognitive computing in training their staff and improving their productivity.
Watson, the cognitive computing system of IBM exhibits a phenomenal performance in the company's work processes. Watson is largely used in the healthcare sector to dramatically improve the abilities of doctors, researchers and insurers by gauging newer surface insights from medical records.
Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/677
The report also outlines the competitive environment of the cognitive computing market, providing a comprehensive study of the key organic and inorganic strategies adopted by market leaders. The companies are adopting product launch and technological advancements as a key strategy to maintain their leading positions. Prominent companies profiled in the report include IBM Corporation, Google Incorporation, Microsoft Corporation, Nuance Communications Inc., 3M, HP, Statistical Analysis System (SAS), sap, Tibco Software and Oracle Corporation.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cognitive Computing Market Key Trends 2020, Revenue To Garner $13.8 billion By 2020 here
News-ID: 1939962 • Views: 644
More Releases from Allied Market Research
India Industrial Protective Footwear Market to Witness a Pronounce Growth by 202 …
Industrial footwear is specifically designed to guarantee protection of workers and safeguard them from physical harm and feet injuries caused at workplace by accidents such as explosions, chemical products splatter, electrical, and mechanic risks and crushing. These footwear are made up of materials such as rubber, leather, or plastic, and primarily have high level of adhesion for greasy and wet floors & surfaces, thereby preventing accidents. It is majorly used
Household Wipes Market Research Report 2020 Global Industry Growth and Key Manuf …
Household wipes are the products used for cleaning the household goods and appliances. The household wipes are used to clean and disinfect every corner of the home, from kitchen and bathroom, to hard floors, appliances, and more. The ease and convenience, which a household wipe provides is the major driving factor for the market growth. Household wipes obviate the need for the use of separate wet and dry combinations in cleaning
Residential Washing Machine Market Size - Detailed Analysis of Current Industry …
Residential washing machine market was valued at $36,648 million in 2016, and is projected to reach $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. The fully automatic residential washing machine accounted for more than 58% of the global market in 2016. Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the
Luxury Furniture Market Shows Positive Long-Term Growth Outlook by 2020
Luxury Furniture Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27.01 billion by 2020, registering a CAGR of 4.1% during the period 2015-2020. Asia Pacific would witness the fastest growth, owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide, followed by metal. The high acceptance of wooden furniture is primarily due to durability and the modern
More Releases for Cognitive
Cognitive Computing: Applications and Global Markets
Cognitive computing like many IT terms is defined both by its technical capability and applications and by marketing statements. From a technical standpoint, cognitive computing is a system that uses machine learning algorithms to continually increase its knowledge from the data it receives. The learning aspect is characterized by the system continuously refining patterns in the data as well as the way data is processed. This learning allows cognitive computing
Cognitive Services – Global Market Outlook (2018-2025)
Global Cognitive Services Industry New Study On “2018-2025 Cognitive Services Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database This report focuses on the global Cognitive Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cognitive Services development in United States, Europe and China. Cognitive Services are a set of machine learning algorithms that Microsoft has developed
Global Cognitive Analytics Market- The Thematic Research
Cognitive Analytics.jpgSummary:- (Cognitive Analytics) Global Cognitive Analytics report, the Cognitive Analytics is expected to reach a value of $1.95 billion in 2017 and is projected to reach a value of $40.25 billion at the end of 2027. The global Cognitive Analytics report covers the Cognitive Analytics in a comprehensive manner, across all parameters such as types, applications, users, top players, and regions. The report further covers the drivers, restraints and trends
Global Cancer Cognitive Computing Market Outlook 2022
ReportsWorldwide has announced the addition of a new report title Global Cancer Cognitive Computing Market Outlook 2022 to its growing collection of premium market research reports. The emergence of Cognitive Computing for Cancer has revolutionized the healthcare industry. This technique is allowing a previously unattainable level of personalized treatment options with efficiency and simplicity. Due to this ability, it is anticipated that the Global Cancer Cognitive Computing market will cross US$
Cognitive Computing Market: Lucrative Opportunity by 2025
Data analysis can yield dramatic and yet highly dependable results. In recent times, almost every organization, big or small, is resorting to computation for certain kind in order to enhance their production efficiency, meet the demand coming from consumers, and counter the challenge posed by local and global competitors. Cognitive computing relates to next stage of data analysis wherein it not only crunches all the available data to make a
Global Cognitive Computing Market
In the ever changing world of information technology, business organizations are left with humongous amount of data with them. This data includes very critical information for business use, but business organizations are only able to utilize 20% of whole data available with them with the use of traditional data analytics technology. To process and interpret the reaming 80% of the data that is in the form of videos, images, and