Cognitive Analytics Market Expected to Hit $40.25 Billion by 2026 | Global Key Players – Google, Oracle, IBM, AWS, Microsoft, Intel, Cisco, Nokia
Global Cognitive Analytics Market research report 2019 – 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
Overview of the Global Cognitive Analytics Market:
The Global Cognitive Analytics market is expected to grow from $1.95 Billion in 2017 to reach $40.25 Billion by 2027 with a CAGR of 39.9%.
Big data analytics and rising volume of complex data are some of the key factors influencing the market growth. However, factors such as lack of awareness and complex analytical process are hampering the market. Rising adoption of cloud technology provide ample opportunities for the market growth.
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Cognitive analytics allows business users to apply human-like intelligence to various tasks, such as identifying context from the text, audio and image. It utilizes varied advanced technologies including artificial intelligence (AI), machine learning, and Natural Language Processing (NLP). Cognitive analytics can be used to amplify knowledge sharing, providing fast access to highly relevant answers and insights on demand.
The fraud and risk management helps companies evaluate and simplify often ambiguous and uncertain data, and find the known & unknown risk indicators. By combining the data processing ability with learning capabilities, cognitive systems can detect deep hidden anomalies and patterns, which are almost impossible to detect with the traditional approaches.
Regionally, North America is expected to have the largest market share during the forecast period due to the technological advancements and the early adoption of analytical solutions in this region.
Major Key Players:
3 SAS Institute
5 Amazon Web Services
8 Cisco Systems
9 Nuance Communication
10 Nokia and More……………
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Market Segment by Technologies Covered:
1 Machine Learning
2 Information Retrieval
3 Automated Reasoning
4 Natural Language Processing
5 Other Technologies
Market Segment by Organization Sizes Covered:
1 Large Enterprises
2 Small and Medium-Sized Enterprises
Market Segment by Components Covered:
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2026?
4 What are the technologies & innovation trends, how will they evolve by 2026?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Cognitive Analytics Market.
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