The
global Cognitive
Computing Market size is expected to reach USD 49.36 billion by
2025, according to a new report by Grand View Research, Inc. In Europe and
North America, the market is anticipated to expand owing to rising demand for
cognitive computing technology. Growing use of technology can allow business
organizations to incorporate advanced data analytics in their business
processes and calculate the risk linked to strategic initiatives.
Most
leading players are likely to focus on R&D investments to adopt advanced
cognitive solutions. In addition, companies are expected to indulge in mergers
and acquisitions to make most use of technology in favor of their organization.
The
incorporation of features, such as Artificial Intelligence and Internet of
Things that enables automated integration between software, hardware platform,
and the consumer, is energizing the industry growth prospects. These features
subsequently influence the market dynamics and accelerate the growth momentum
to rise to its optimal level.
The
increasing consumer preference toward profound data analysis is a favorable
trend observed in the market. The continuous development of cloud computing
platform and on-premises hardware equipment for the safe and secure data
storage is instrumental to the widespread adoption of cognitive solution across
diverse industrial verticals.
The
cognitive computing solution has the potential to perform analysis and support
business decision making against a huge amount of data generated daily across
various industries. It also has the potential to identify anomalous behavior in
the data by inspecting usage patterns to block the cyber-attacks.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/cognitive-computing-market
http://www.grandviewresearch.com/industry-analysis/cognitive-computing-market
Further key findings from the study suggest:
- The natural language
processing technology segment dominated the industry, accounting for over
40% of the overall volume due to the surging demand for pattern
recognition
- Cloud
systems are expected to gain momentum as they facilitate secure and
integrated data storage solution according to the business requirements
- The Asia
Pacific region is predicted to emerge as the fastest growing market owing
to the rise in small and medium enterprises in emerging countries, such as
India and China
- Prominent
vendors operating in the market include Google, IBM, Microsoft
Corporation, Oracle Corporation, SAP, Statistical Analysis System (SAS),
and Saffron Technology
- Increased
focus on research and development activities and adoption of artificial
intelligence are being observed in the industry
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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