Today: March 28, 2017, 10:21 am
  
Business

Cognitive Computing Market - Driven by Rising Competition in Services Industry

Cognitive Computing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

 

PR-Inside.com: 2017-02-16 11:40:36
Global Cognitive Computing Market: Overview

Cognitive computing is a technology platform based on the scientific premises of signal processing and artificial intelligence. It refers to replicating the human thought process in a computerized model. Cognitive computing also comprises self-learning systems that use pattern recognition, natural language processing, and data mining to mimic the way in which a human brain works.


Cognitive computing processes are expected to emerge as next-generation systems as artificial intelligence slowly becomes a mainstream technology. The application of cognitive computing processes is therefore touted as the next-generation systems. Their application has increased in continually acquiring information based on data fed into them, subsequently processing the complex information. These systems are therefore marketed as a means to help companies make better decisions by deciphering complex and unstructured data.

As business leaders focus more on their return on investment, the global cognitive computing market is expected to gain a major boost. According to industry experts, cognitive computing and artificial intelligence are expected to emerge as the biggest trends to look out for in 2016. The report has been compiled to present key insights into various trends encouraging the rise of the global cognitive computing market. It examines the influence of various growth drivers and restraints on the market to present a refined outlook for its growth.

Global Cognitive Computing Market: Opportunities and Threats

According to experts, over time, various cognitive computing technologies will be built to provide customized IT solutions. The technology is expected to provide human-designed systems and imbue into them a “thinking ability,” helping organizations to accomplish tasks that they were unable to before.

View Comprehensive Analysis of the Report :

www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_ ..

The advances in various enabling technologies, increasingly complex datasets, and the advent of third computing platforms such as cloud, mobile, analytics, big data, and social network are expected to drive the global cognitive computing market. However, challenges such as the lack of knowledge about enabling technologies and the impact of new technologies on business applications will threaten the market’s growth.

Big data is increasing in volume at a rapid pace owing to the massive digitization of business operations worldwide. A major chunk of information received by businesses is in the form of unstructured data such as images, videos, podcasts, natural language, and symbols. This in turn necessitates the implementation of a cognitive model to collate data and provide structured output.

Retail, healthcare, BFSI, and security industries constitute the major application segments of cognitive computing. Among these, the market is expected to witness increasing demand from the healthcare sector. Recent developments in medical imaging technologies that incorporate cognitive analytics to help healthcare workers analyze mammogram images will also augment demand for cognitive computing from the healthcare sector.

Global Cognitive Computing Market: Regional Outlook

Regionally, North America held the largest share of the market in 2014, followed by Europe. The market is also expected to see attractive opportunities in Asia Pacific. The increasing adoption of cloud-based services in the region, especially across small and medium-scale companies will translate into increasing demand for cognitive computing from Asia Pacific.

Global Cognitive Computing Market: Competitive Insight

To study the prevailing competition in the market, the report has also profiled companies such as Microsoft Corporation, IBM Corporation, Nuance Communications Inc, Google Incorporation, 3M, Statistical Analysis System (SAS), Tibco Software, Hewlett Packard (HP), SAP, and Oracle Corporation. Using industry-leading analytical tools, the report weighs out the strengths and weaknesses of these companies. The latest strategies adopted by them and their product portfolios are also studied in the report in detail.

Press Information
Transparency Market Research
State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

Rohit.B
Head Internet Marketing
5186181030
email
www.transparencymarketresearch.com


# 610 Words
Related Articles
More From The Author
Worldwide Life Science and Chemical Instrumentation Market [..]
Global Life Science and Chemical Instrumentation Market: Overview With investments in clinical research progressively rising, spending [..]
Indoor Positioning and Indoor Navigation Market - [..]
Global Indoor Positioning and Indoor Navigation (IPIN) Market An indoor positioning and indoor navigation (IPIN) system is [..]
Alzheimers Disease Therapeutics and Diagnostics Market Growth
Alzheimer’s disease (AD) is the most common reason of progressive dementia in the elderly population. There has been an exponential [..]
Brain Monitoring Devices Market Offering High-growth Opportunities [..]
Global Brain Monitoring Devices Market: Overview The National Institute of Mental Health in the US states that every 1 in [..]
Medical Traction Devices Market Outlook and Forecast [..]
Medical Traction Devices Market: Overview Medical traction is a therapeutic method used in treating several situations such as [..]
 
More From Business
CellaVision AB: Notice of 2017 Annual General [..]
The shareholders in CellaVision AB are hereby summoned to the Annual General Meeting, to be held on May 5, 2017 [..]
ABC arbitrage: 2016 Results: €30.5m (up 26%) [..]
  Press Release Paris, March 28, 2017 - 8:00 a.m. 2016 Results: €30.5m (up 26%) "Step Up 2019" Strategic Plan [..]
Ahold Delhaize share buyback update
Zaandam, the Netherlands, March 28, 2017 - Ahold Delhaize has repurchased 1,116,885 of Ahold Delhaize common shares in the period [..]
XBiotech Announces On-Time Submission to the EMA
AUSTIN, Texas, March 27, 2017 (GLOBE NEWSWIRE) -- XBiotech Inc. (NASDAQ:XBIT) announced today that it completed on time and [..]
EPAM Named a Strong Performer Among Mobile [..]
NEWTOWN, Pa., March 27, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.