DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Cognitive Computing Market Analysis By Technology (Machine Learning), By Deployment (On-Premise, Cloud), By Application (BFSI, Healthcare, Security, Retail, IT & Telecom, Aerospace) By Region, And Segment Forecasts, 2014 - 2025" report to their offering.
The global cognitive computing market size is expected to reach USD 49.36 billion by 2025. The surge in demand for the cognitive computing technology across North America and Europe is anticipated to drive the industry growth over the next nine years. It enables business organizations to incorporate advanced data analytics technology in their business processes to measure the risk associated with the strategic initiatives.
Industry players are progressively investing a significant amount to adopt the modern cognitive solution by profound research and development. Since 2010, several mergers and acquisitions have taken place by large enterprises to utilize this inherent technological platform into the 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.
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
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Cognitive Computing Industry Outlook
4 Cognitive Computing Technology Estimates & Trend Analysis
5 Cognitive Computing Deployment Estimates & Trend Analysis
6 Cognitive Computing Application Estimates & Trend Analysis
7 Cognitive Computing Regional Estimates & Trend Analysis
8 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/7pk4mn/cognitive