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Cognitive Computing Market Current and Future Industry Trends, 2020 - 2027

Cognitive computing is the process of simulating the existing computer programming system into a next-level augmented intelligence like the human thought process. Even in super complex situations where the traditional programming languages are not capable of interpreting the circumstances, cognitive computing technology should be capable of deriving the answers and would work like human brains.

KiranGaikwad
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Cognitive Computing Market Current and Future Industry Trends, 2020 - 2027

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  1. Cognitive Computing Market To Reach USD 475.24 Billion By 2026

  2. Market Summary: Increasing demand for cognitive computing in the cloud deployment mode coupled with high investments in R&D of cognitive computing are fueling the market growth. Market Size – USD 36.45 Billion in 2018, Market Growth - CAGR of 37.7%, Market Trends – Increase in demand for cognitive computing in healthcare end-use verticals. The global cognitive computing market is forecast to reach USD 475.24 Billion by 2026, according to a new report by Reports and Data. The cognitive computing technology derives the answers and works like the human brains. Literally, the computerized models adapt algorithms that self-learn and utilize machine learning models to mimic the way the human brain works. The models formed by cognitive computing, provide a real-life roadmap for artificial intelligence and machine learning and eventually facilitate the automated systems, which would work without human assistance. Further key findings from the report suggest • The segment is expected to reach a market share of 27.9% by 2026, having grown with a CAGR of 39.2% during the forecast period. • Customer care segment had a market valuation of USD 6.82 Billion in 2018. • North America is leading the global market, with 39.4% of market possession in 2018 and would continue dominating with a CAGR of 38.3% during the forecast period. www.reportsanddata.com

  3. Key participants: Microsoft, IBM, Google, Saffron Technology, Enterra Solutions, Numenta, HP, Oracle Corporation, CognitiveScale, Inc., and Vicarious. Segmentation: • End-Users Outlook (Revenue: USD Billion; 2016-2026), Large Enterprises, SMEs • Technology Outlook (Revenue: USD Billion; 2016-2026), Machine Learning (ML), Natural Language Processing (NLP), Neural Networks, Deep Learning, Reasoning Analysis, Others • Deployment Mode Outlook (Revenue: USD Billion; 2016-2026), Cloud, On-Premise • End-Use Verticals Outlook (Revenue: USD Billion; 2016-2026), Healthcare, BFSI, Customer Care, Industrial Sector, Travel & Tourism, IT & Telecom Service, Education & Research, Others www.reportsanddata.com

  4. Regional Outlook for Cognitive Computing Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa www.reportsanddata.com

  5. The report emphasizes the following key questions: • Q.1.What are the most lucrative and promising growth prospects for the market? • Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4.Which factors are impacting the future of the market and what are the driving factors? • Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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