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.
Increasing unstructured data is one of the major factors driving growth of the cognitive system market. For instance, around 300 million photos are uploaded per day on Facebook, 510 thousand comments are posted, and 293 thousand statuses are updated in every 60 seconds. The demand for cognitive systems is increasing over the past few years, owing to rising demand for insights that are obtained from unstructured data to have an understanding about the market scenario. Furthermore, technological advancements in data processing and increasing utilization of artificial intelligence by various organizations are fueling growth of the market globally. Moreover, the cognitive system market in Asia Pacific region is expected to exhibit growth with the largest CAGR over the forecast period. This is owing to factors such as increasing adoption of digitalization in public, government, industrial sector, and rising advancements in 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"
To know the latest trends and insights prevalent in the Cognitive system Market, click the link below
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.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.