Portland, OR, Sept. 21, 2020 (GLOBE NEWSWIRE) -- According to the report, the global cognitive computing market garnered $8.87 billion in 2018, and is estimated to reach $87.39 billion by 2026, registering a CAGR of 31.6% from 2019 to 2026. The report offers an in-depth analysis of changing market dynamics, top winning strategies, key investment pockets, major segments, Porter’s Five Forces, and competitive scenario.
Development in machine to machine technologies, rise in big data analytics, and surge in demand for better customer experience propel the growth of the global cognitive computing market. On the other hand, high cost associated with the deployment of the cognitive computing system hampers the growth to a certain extent. Nevertheless, increase in adoption of cognitive computing technologies in business applications across the emerging economies ushers a number of opportunities in the coming years.
Download Report Sample (150 Pages PDF with Insights) @
https://www.alliedmarketresearch.com/request-sample/677
Covid-19 Scenario
- The demand for cognitive computing technology has been increased from healthcare sector as machine learning is likely to be used for screening of patients and diagnosing COVID-19.
- The applications of cognitive computing technology in speeding up drug development and developing biomedical knowledge graphs further supplement the demand for cognitive computing technologies.
Get detailed COVID-19 impact analysis on the cognitive computing market: https://www.alliedmarketresearch.com/request-for-customization/677
The cognitive computing market is segmented on the basis of technology, deployment type, enterprise size, industry vertical, and region.
Based on technology, the natural language processing segment accounted for more than two-fifths of the total share of the global market in 2018, and is anticipated to maintain its dominance in terms of revenue throughout the forecast period. On the other hand, the automated reasoning segment is estimated to portray the fastest CAGR of 34.2% from 2019 to 2026. The report also analyzes segments including machine learning and others.
Based on industry verticals, the market it is divided into healthcare, BFSI, retail, government & defense, IT & telecom, energy & power, and others. The healthcare segment accounted for the highest market share, contributing to more than one-fourth of the total market share in 2018, and is estimated to maintain its leadership position during the forecast period. Nevertheless, the retail segment is estimated to generate the fastest CAGR of 36.0% from 2019 to 2026.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/677
Based on region, North America held the highest market share, holding for more than one-third of the global market in 2018, and is expected to maintain its dominant position throughout the forecast period. However, the region across Asia-Pacific is estimated to manifest the fastest CAGR of 36.1% from 2019 to 2026. The report also studies regions including Europe and LAMEA.
The key market players in the report include International Business Machines Corporation, Microsoft Corporation, 3M, Google LLC, Hewlett Packard Enterprise Development LP, Nuance Communications Inc., Oracle Corporation, SAP SE, SAS Institute Inc., and Tibco Software Inc.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.