Global Cognitive Cloud Market to grow at a CAGR of +32% during forecast period 2018-2023

Cognitive computing is considered as a next-generation system that converses in human language and helps experts to make better decisions by understanding the complexities of big data. In the current scenario, most of the data received is unstructured such as images, videos, natural language, and symbols. Cognitive computing, with the help of different technologies such as natural language processing, machine learning and automated reasoning, translates unstructured data to sense, infer and predict the best solution.

Cognitive computing is majorly used in BFSI, healthcare, security, retail, e-commerce and other sectors. Increasing volume of unstructured data and advancements in technology are the major driving forces of the cognitive computing market. Cloud-based technological advancements, development of innovative hardware and software systems and cognitive experience interfaces would foster the growth of the cognitive computing market.

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Key players:
Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Spark Cognition, Inc. (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.) and others.

Global Cognitive Cloud Market to grow at a CAGR of +32% during forecast period 2018-2023

Secondary research methodologies such as data collection from company websites, press releases, and several regional and global databases were undertaken for formulating the study. The report provides a detailed overview of the key elements of the market and factors such as drivers, restraints, popular trends of the past and present times, regulatory scenario, and technological development. A thorough analysis of these factors has been undertaken for determining the future growth prospects of the global Cognitive Cloud market.

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The forecast of the sales growth of market products sales have also been calculated on the basis of type, application, and region. A section on the evaluation of market effect factors has shed light upon some of the most crucial aspects such as an environmental change due to economic or political reasons, change in consumer preference, and technological evolution in associated sectors. This study has been expected to provide the much-required insight of how the sales will fare in the foreseeable future.

Finally, the global Cognitive Cloud market report ends with a detailed SWOT analysis of the market, investment feasibility and returns, and development trends and forecasts. Further, the global market contains cluster of information which serious knowledge seekers can benefit from. The report which is the result of ultimate dedication of highborn professionals has a wealth of information which can benefit anyone, irrespective of their commercial or academic interest.

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