DUBLIN--(BUSINESS WIRE)--The "Cognitive Computing Market - Forecast from 2017 to 2022" report has been added to Research and Markets' offering.
Cognitive computing market is projected to expand at a CAGR of 24.45% over the forecast period to reach US$15.183 billion by 2022, increasing from US$5.086 billion in 2017. Cognitive computing enables the processing of huge volumes of complex data and enhances the enterprise's productivity levels. With the help of natural language processing, machine learning, and automated reasoning; Cognitive Computing translates unstructured data such as images, videos, natural language and symbols to infer and predict the best solution.
The major application industries of Cognitive Computing Market include BFSI, healthcare, and military and defense among others. The key factors driving the growth of the industry are harness speed of internet and increasing volume of unstructured data. Other factors contributing to the growth of the market include the development of innovative hardware and software systems and Cloud-based technological advancements. Natural Language Processing segment is the highest revenue generating technology of cognitive computing. Higher investment by major players is also expected to boost the market substantially. Conversely, the major restraining factors are a lack of awareness regarding this technology.
Americas region dominated the Cognitive Computing Market, while Asia Pacific region is expected to grow at the fastest pace, due to increasing adoption of these solutions by SMBs and higher deployment of cloud-based services.
- International Business Machines Corporation (IBM)
- Nuance Communications
- Hewlett Packard (HP)
- Tibco Software
- Oracle Corporation
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Cognitive Computing Market Forecast by Technology (US$ billion)
6. Cognitive Computing Market Forecast by End User (US$ billion)
7. Cognitive Computing Market Forecast by Deployment Type (US$ billion)
8. Cognitive Computing Market Forecast by Vertical (US$ billion)
9. Cognitive Computing Market by Geography (US$ billion)
10. Competitive Intelligence
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cfnx74/cognitive