The latest report published by Fortune Business Insights states that the Cognitive Computing Market Size 2022 is expected to grow steadily in the coming years. The report illustrated latest insights into market drivers, restraints, risks and opportunities in the global market. The Cognitive Computing Market report shows the credible direction of the market in the coming years along with its estimates. A precise study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help the readers understand the key business strategies that large companies employ to maintain market stability.
The global cognitive computing market size was valued at USD 11.11 billion in 2019 and is projected to reach USD 72.26 billion by 2027, exhibiting a CAGR of 26.6% during the forecast period.
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Report Coverage-
The report highlights information on various segments at the global, regional, and country level.
The report contains various details like market share, growth rate, product and their pricing by region/country.
The report elucidates the market dynamics that are expected to drive the market growth in the forthcoming years.
The report encompasses the details in relation to application, distribution channel, product type, business strategies, etc.
The report also covers the COVID-19 impact on the prospected market.
Companies Profiled in the Global Cognitive Computing Market:
Alphabet, Inc. (Google LCC) (U.S.)
Microsoft Corporation (U.S.)
IBM Corporation (U.S.)
SparkCognition, Inc. (U.S.)
Tata Consultancy Services (TCS) (India)
Red Skios (Spain)
Saffron Technology, Inc. (U.S.)
Acuiti (Australia)
Enterra Solutions (U.S.)
Cognitive Scale, Inc. (U.S.)
Palantir Technologies (U.S.)
ColdLight Solutions, LLC (U.S.)
Numenta (U.S.)
Vicarious (U.S.)
The cognitive computing market size is expected to gain momentum by exhibiting a stellar CAGR of 26.6% between 2020 and 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence (AI), machine learning, and the internet of things (IoT) in the healthcare industry across the globe. This information is published by Fortune Business Insights, in its latest report, titled “Cognitive Computing Market Size, Share & COVID-19 Impact Analysis, By Component (Platform, and Services), By Technology (Machine Learning (ML), Natural Language Processing (NLP), Automated Reasoning, and Others, By Deployment (Cloud-based, and On-premise), By Enterprise Size (Small & Medium Enterprise (SMEs), and Large Enterprise), By End-user (BFSI, Healthcare, Retail & e-commerce, IT & Telecom, Government & Defense, and Others, and Regional Forecast, 2020-2027.” The report further observes that the market was worth USD 11.11 billion in 2019 and is projected to reach USD 72.26 billion by 2027.
An Overview of the Impact of COVID-19 on this Market:
This study specially analyses the impact of Covid-19 epidemic on the Cognitive Cloud Computing, covering the source restraint analysis, impact assessment to the Cognitive Cloud Computing market size growth rate in several scenarios, and the measures to be undertaken by Cognitive Cloud Computing companies in response to the COVID-19 epidemic.
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Cognitive Computing Market?
2) What is the market size, share of the Cognitive Computing Market?
3) Who are the top market players in Cognitive Computing Market?
4) What will be the future market of the Cognitive Computing Market?
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