According to the new market research report "Cognitive system Market by Deployment Model (Cloud, On-Premises), by Technology ( machine learning, natural language processing, planning and scheduling), by End Users (banking, education, government, healthcare, insurance, manufacturing, security and investment, telecommunications, transportation and others) and Geography - Global Forecast to 2025", is estimated to be valued at over US$ 88.14 billion by 2025 and expected to witness a CAGR of 29.02% during the forecast period from 2017 to 2025, as highlighted in a report published by Coherent Market Insights.
The Increasing unstructured data plays a major role in the growth of the cognitive system market For instance, on Facebook approximately 300 million photos are uploaded per day, 510 thousand comments are posted, and 293 thousand statuses are updated in every 60 seconds. The increasing demand for insights from unstructured data to understand the real market situation has raised the demand for cognitive systems. In addition, the increasing usage of artificial intelligence in various organization and constant advancement in data processing technology are the drivers fueling the growth of the cognitive system market globally. Moreover, the Asia Pacific cognitive system market is projected to grow with the largest CAGR over the forecast period. Owing to increasing adoption of digitalization in public, government, industrial sector, and rising advancements IT infrastructure.
Browse 28 Market Data Tables and 40 Figures spread through 300 Pages and in-depth TOC on "Cognitive system Market by Deployment Model (Cloud, On-Premises), by Technology (machine learning, natural language processing, planning and scheduling), by Verticals (banking, education, government, healthcare, insurance, manufacturing, security and investment , telecommunications, transportation and others) and Geography - Global Forecast to 2025"
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Key Takeaways of the Cognitive system Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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