Global Cognitive System Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
Global Cognitive System Market Outlook 2027: Cognitive system refers to a programme which mimics the functioning of a human mind. It enhances the human engagement, personalisation, knowledge-processing, etc. Cognitive system encompasses four departments, namely, psychology, philosophy, computer science and linguistics. It employs natural language processing as well as a machine learning so as to effortlessly communicate between machines and humans. A new research report by IMARC Group, titled “ Cognitive Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20222027 ” estimates that the global cognitive systems market was worth US$ 25.3 Billion in 2021. The report further anticipates the market is expected to reach a value of US$ 160.2 Billion by 2027, at a projected CAGR of 34.4% during 2022-2027.
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Report Description and Highlights
Report Description
Global Cognitive System Market Trends: One of the primary factors influencing the market demand for cognitive systems is the use of artificial intelligence. Owing to an increase in high complicated data sets, numerous developments are taking place in the field of machine learning and data processing technologies. Cognitive systems assist in speeding up the operations of financial institutions like banks in order to suffice the rising demand of the consumers. Apart from this, the adoption of cognitive systems in the healthcare sector helps in collecting real-time data about patients for better decision making by the physician/ doctors. Predictive analytics provide customised programmes for users, based on their demand. Moreover, it aids in enhancing the cost-effectiveness of the production process, thereby propelling the growth of the cognitive systems market. However, lack of awareness in the end user verticals, particularly in the emerging market acts as one of the major factors that is expected to obstruct the cognitive systems market growth. Looking forward, IMARC Group expects the market to reach US$ 160.2 Billion by 2027, exhibiting at a CAGR of 34.4% during 2022-2027.
Report Description and Highlights Report Description Market Summary: Breakup by Product Type: • Software • Services • Hardware Breakup by End-Use: • Banking Sector • Retail Sector • Healthcare Sector Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America
Report Description and Highlights Report Description Competitive Landscape With Key players: • IBM • Infosys • HP Inc • Microsoft Corporation • SAP SE
View Report TOC, Figures and Tables: https://www.imarcgroup.com/cognitive-systems-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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