Press release
Cognitive Services Market 2023 Driving Factors Forecast Research 2029
Furthermore, the volume of big data in data storage centers is rapidly growing, as is its complexity, prompting the development of cognitive services, which provide the company with the correct information to sharpen and expedite business decision-making. Machine assets generate a massive amount of data that has the potential to be extremely valuable to businesses. Organizations are also using cognitive machine learning to perform predictive maintenance to extract value from a large amount of data. Many IT and telecommunications companies are turning to cognitive services to boost client interaction, streamline operations, and gain a competitive advantage. For example, in late 2018, Du, a UAE-based telecommunications operator, partnered with Microsoft to provide cognitive services across all of their existing touchpoints and digital platforms. However, significant costs associated with implementation are hindering the market's growth during the forecast period.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including partnerships and collaborations, mergers and acquisitions, geographical expansion, and new product launches, to remain competitive in the marketplace. For instance, Microsoft launched its Machine Learning methodology for its Cognitive Services Platform in May 2019. This model includes a handwriting recognition API as well as a better speech recognition service for transcribing conversations.
To Request a Sample of our Report on Cognitive Services Market: https://www.omrglobal.com/request-sample/cognitive-services-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Deployment
By Organization Size
By End-User Industry
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: IBM Corp., Microsoft Corp., and Amazon Web Services, Inc., among others.
A full Report of Cognitive Services Market is Available @ https://www.omrglobal.com/industry-reports/cognitive-services-market
Cognitive Services Market Report by Segment
By Deployment
Cloud-Based
On-Premise
By Organization Size
Small and Medium Enterprise
Large Enterprise
By End-User Industry
IT & Telecommunication
BFSI
Retail
Others
Cognitive Services Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Reasons to buy from us -
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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