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City of Industry, CA -- (SBWIRE) -- 07/13/2018 -- This report studies the Cognitive Computing market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Cognitive Computing is completely changing the way organization use their big data in each verticals, especially in industries like Healthcare, BFSI and Customer services. This is big revolution in global information technology market and holds very strong potential of growth. The Cognitive Computing enables a machine to think, interpret and infer information like a human brain. The biggest advancement in this market is IBM's Watson Cognitive Computing. There are few players in the market that have developed the technique of integrating cognitive computing with internet of things (IoT).
The cognitive computing basically works on the principle of neocortex, a part of human brain that plays a big role in the decision making by analyzing the behaviors of a human being and makes decision on the basis of time series analysis. The computer systems that we are using today are consulting us the way we already programed them but cognitive computing systems are completely different, they works on the machine learning algorithms and natural language processing. This unique feature of cognitive computing is enabling business organizations to use immense amount of dark data available with them.
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In 2017, the global Cognitive Computing market size was 9850 million US$ and it is expected to reach 71000 million US$ by the end of 2025, with a CAGR of 28.0% between 2018 and 2025.
This report focuses on the global top players, covered
Market segment by Regions/Countries, this report covers
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Natural Language Processing (NLP)
Market segment by Application, the market can be split into
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