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Cognitive Analytics Market Trends and Research Insights by 2026-Google LLC, Oracle Corporation, SAS Institute, IBM Corporation
Cognitive Analytics Market by Component, Application, Services, and Region- Forecast to 2026The Global Cognitive Analytics Market Research Report 2021-2026 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Cognitive Analytics business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Cognitive Analytics worth chain and its wholesaler examination. Cognitive Analytics Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The Cognitive Analytics Market was valued at USD 1.98 billion in 2020 and is expected to reach USD 14.95 billion by 2026, at a CAGR of 40% over the forecast period 2021 - 2026
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Top Leading Companies of Cognitive Analytics Market are Google LLC, Oracle Corporation, SAS Institute, IBM Corporation, Amazon Web Services, Microsoft Corporation, Cisco Systems Inc., Narrative Science, Nuance Communications, Inc., Sinequa and others.
-Cognitive Analytics Market Analysis
-Industry News And Updates on Cognitive Analytics Market-
Asia-Pacific is Expected to Witness Significant Growth
- The Asia-pacific region is expected to witness the fastest growth in demand, during the forecast period, primarily owing to the rising geriatric population, increasing healthcare expenditure, growing private and public investments in the healthcare sector to counter the unmet medical needs of the rising population, and growing pharmaceutical industry in the region.
- According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), people aged 65 years and above in the Asian countries are expected to witness an increase by nearly two and half times in the next decades to reach 20.5% in 2050, which is one of reason driving the market.
-Key Market Trends Cognitive Analytics Market-
Healthcare Segment to Witness High Growth
- The rapidly increasing adoption of big data and cloud computing has made cognitive analytics more accessible and give accurate results to various end-user industries at large, including the healthcare sector which is expected to witness increased adoption of these solutions during the forecast period.
- With the increase in the burden of chronic diseases, the advancements in technology in the healthcare industry and increasing clinical tests have generated a significant need for data assimilation and advanced data analytics solutions to know the different patterns of the disease and find out the new drug for treatment.
- With data mining, natural language processing (NLP) systems, and other aspects of machine learning technologies, which is used to find out the valuable insights from the unstructured data, the healthcare sector is expected to create increased demand for these solutions. Also, cognitive analytics has enhanced patient engagement and improved access to services.
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-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Cognitive Analytics in to ultimately get accurate results.
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