openPR Logo
Press release

Cognitive Systems Spending Market | By Major Key Players IBM, IPSOFT, Accenture plc, Cognitive Scale, HP, Wipro, Microsoft, Attivio, and Intel

08-31-2020 08:01 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Cognitive Systems Sepnding

Cognitive Systems Sepnding

Cognitive systems are a type of technology that is used to facilitate the use, delivery, and collaboration of information in analysis and decision making. These systems use information, knowledge graphs, artificial intelligence, and other components to help workers provide recommendations, answer questions, and predict future events. It uses analytics to process data collected and provide vital insights.

Competitive Section:
Key players operating in the global cognitive systems spending market are IBM Corporation, IPSOFT Inc., Accenture plc, Cognitive Scale Inc., HP Inc., Wipro Limited, Microsoft Corporation, Attivio, and Intel Corporation.

Request here for sample copy @ https://www.coherentmarketinsights.com/insight/request-sample/963

Market Dynamics- Drivers
1. Increasing technological advancements in cognitive technology are expected to drive the growth of the global cognitive systems spending market during the forecast period:
The global cognitive services market is witnessing various technological advancements with exceptional features for various industries such as healthcare, IT and telecom, banking, research and development, security, education, and more.

2. Rising urbanization expected to propel the global cognitive systems spending market growth over the forecast period:
As the global population continues to increase, the population in urban areas is rising rapidly as compared to rural areas. According to the United Nations (UN), in 2018, 55% of the global population lived in urban areas, which is expected to increase to 68% in 2050. Urbanization leads to several impacts on emerging businesses.

Market Opportunities:
1. Rising IT expenditure on cognitive systems can present major growth opportunities:
The expenditure on cognitive systems has increased significantly in the IT sector in the software segment. This includes both cognitive software and cognitive applications platforms, which assists the development of advisory, intelligent, and cognitively permitted solutions. According to Coherent Market Insightsโ€™ analysis, the largest, as well as the fastest-growing category of cognitive systems spending, is forecast to approach $18.4 billion in 2026.

2. Information overload and knowledge worker productivity can provide lucrative growth opportunities:
Since information is increasing exponentially, it is adding continued pressure to enhance knowledge worker performance and decision-making. Knowledge workers are required to deal with a vast amount of information. Cognitive systems can provide a suite of tools that will improve knowledge worker productivity.

Download FREE pdf Brochure Now @ https://www.coherentmarketinsights.com/insight/request-pdf/963

Extended timelines and project schedules are required to develop more complex systems that tap into multiple data sources and need curated content. Cognitive systems have many more moving parts than most IT automation projects, including aspects of data science, knowledge curation, model building, and overall workflow process improvement. All of this takes more time, which will slow adoption. Therefore, these factors are expected to restrain the growth of the global cognitive systems spending market in the near future.

To understand commercialization concerns, it is important to first understand the nature of computing technology that is assembled on layers of abstraction that permits investments at one level to be made sovereign over other layers. Businesses should have the legal authority and patent to understand the technologies used in cognitive systems in the commercial world. Therefore, these factors are expected to hinder market growth in the near future.

Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://www.coherentmarketinsights.com/blog/

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.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Systems Spending Market | By Major Key Players IBM, IPSOFT, Accenture plc, Cognitive Scale, HP, Wipro, Microsoft, Attivio, and Intel here

News-ID: 2124513 • Views: 1518

More Releases from Coherent Market Insights

Bulletproof Security Glass Market Overview By Key Players, Increasing Demand, Re โ€ฆ
๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: Coherent Market Insight has published a new research study "Global Bulletproof Security Glass Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027" provides a complete '154 Pages' analysis of the global Bulletproof Security Glass Market market. The Global Bulletproof Security Glass Market research report employs primary and secondary research methodologies to provide users with a thorough picture of market trends. Analysts employed SWOT analysis and Porter's five forcesโ€ฆ
Photodiode Sensors Market Insights: 2022, Growth Factors with Geographical Analy โ€ฆ
๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: Coherent Market Insight has published a new research study "Global Photodiode Sensors Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027" provides a complete '161 Pages' analysis of the global Photodiode Sensors Market market. The Global Photodiode Sensors Market research report employs primary and secondary research methodologies to provide users with a thorough picture of market trends. Analysts employed SWOT analysis and Porter's five forces analysis to provideโ€ฆ
Sports and Fitness Apps Market Insights Into the Competitive Scenario of the Mos โ€ฆ
๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: Coherent Market Insight has published a new research study "Global Sports and Fitness Apps Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027" provides a complete '152 Pages' analysis of the global Sports and Fitness Apps Market market. The Global Sports and Fitness Apps Market research report employs primary and secondary research methodologies to provide users with a thorough picture of market trends. Analysts employed SWOT analysis andโ€ฆ
Automotive Ignition Coil Market to Receive Overwhelming Hike in Revenue That Wil โ€ฆ
๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: Coherent Market Insight has published a new research study "Global Automotive Ignition Coil Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027" provides a complete '130 Pages' analysis of the global Automotive Ignition Coil Market market. The Global Automotive Ignition Coil Market research report employs primary and secondary research methodologies to provide users with a thorough picture of market trends. Analysts employed SWOT analysis and Porter's five forcesโ€ฆ

All 5 Releases


More Releases for Cognitive

Cognitive Testing (Cognitive Assessment) Market SWOT Analysis by Key Players: Lu โ€ฆ
2020-2029 Report on Global Cognitive Testing (Cognitive Assessment) Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Cognitive Testing (Cognitive Assessment) Market. Some of theโ€ฆ
Cognitive Analytics Market 2025 | Statistical Analysis System (SAS), Cognitive S โ€ฆ
Global Cognitive Analytics Market: Snapshot To process the unstructured and unprocessed forms of knowledge to draw out sensible meaning is taken as cognitive analytics. The vast amount of data, referrals, and search resources that enterprises generate have large amount of information hidden inside it. In the current days of artificial intelligence (AI), information processing technologies are at epicenter to draw new useful enterprise data, which can be in high volumes, mainlyโ€ฆ
Cognitive Computing Market | key players: Palantir, Saffron Technology, Cold Lig โ€ฆ
Latest research study from HTF MI with title Global Cognitive Computing by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global Cognitive Computing Forecast till 2023.โ€ฆ
Cognitive Robotics Market 2018 Leading Players: Cognitive Operational Systems, K โ€ฆ
Market Research Future published a research report on โ€œCognitive Robotics Market Research Report - Global Forecast 2023โ€ โ€“ Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights In this rapidly changing world of technology, cognitive robotics market is projected to show major growth prospects during the forecast period. Major factor driving the cognitive robotics market is the increasing adoption of advanced technologies in order to enhance customer service experience. Theโ€ฆ
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, andโ€ฆ
Global Cognitive Systems Spending Market 2017 : Attivio, Wipro, COGNITIVE SCALE โ€ฆ
This report studies the global Cognitive Systems Spending market, analyzes and researches the Cognitive Systems Spending development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like International Business Machines (IBM) Accenture HP Microsoft Intel Corporation The survey report by Market Research Store is an overview of the global Cognitive Systems Spending market. It covers allโ€ฆ