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(I-SoftwareNews.Com, August 14, 2018 ) Market Overview:-
Cognitive Computing Market size is projected to experience a significant growth during the forecast time frame owing to the high demand for predictive analytics and workplace performance enhancements. Predictive analytics is largely adopted by various industries such as BFSI, healthcare, pharmaceuticals, retail, and others. This technology offers machine learning capabilities and natural language query processing for real-time computing applications and decision-making. The organizational shift toward big data can lead to issues regarding inadequate sources to mine useful data from large datasets.
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Vendors operating in the Cognitive Computing Market provide self-learning systems that can effectively manage and analyze large resources within short time durations. The high reliance on the availability of the internet for functioning mandates the need for a high internet speed. Infrastructural development across the world due to the high emphasis on the provision of high-speed internet is a major factor driving the growth of the cognitive computing market.
Top Key Players:-
Players operating in the cognitive computing market include Palantir, Tibco Software, IBM, Cognitive Scale, Microsoft Corporation, Saffron Technology, Google, ArisGlobal, Oracle Corporation, and SAP SE. In June 2017, ArisGlobal announced the launch of cloud-based ArisGlobal LifeSphere to support an entire product lifecycle of an organization from clinical development to the marketing and commercialization.
Market share calculation in this report is not done based on companies covered in it. The calculation of cognitive computing market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Regional Segmentations: -
Adoption of integrated cloud platforms and the growing application of big data analytics are the key factors promoting the domination of North America cognitive computing market. Additionally, the high focus on data security and cyber breach instances have led to the increase in regulations and mandates favoring the growth of this software. Asia Pacific cognitive computing market is anticipated to have a high CAGR during the forecast time span owing to the growth of e-commerce sector, which relies heavily on understanding the customer to aid in the organization’s decision-making process.
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Segmentation of the cognitive computing market based on deployment is bifurcated into cloud and on-premise. Large organizations with high financial resources are more inclined to invest in premise systems as they offer complete control and protection of the critical organizational data. The cloud deployment segment of cognitive computing is anticipated to exhibit high growth during the forecast time span. Integration on cloud platform reduces the need to constantly upgrade the software and reduces the overall financial and maintenance costs. Furthermore, cloud-based deployment in the cognitive computing market decreases the ownership cost, need for investments in the infrastructural development of the software, and the requirement of dedicated resources such as a specialized team of data scientists managing the system.
Cognitive computing market segmentation on industry verticals include BFSI, healthcare, construction and engineering, oil and gas, retail, education, government and defense, transportation, and others. The healthcare industry is anticipated to experience a high growth during the forecast time period as it allows doctors and specialists to have access to the data collected from disparate and exogenous sources, take informed decisions, and examine critical attributes of a patient case. The BFSI application of this technology is anticipated to keep a track of the various compliances and regulatory mandates influencing the industry. Businesses in the cognitive computing market provide service that can aid financial institutions to identify risks and security threats while effectively managing copious amounts of customer data.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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