The Global Cognitive Services Market to 2026: CAGR is Projected to Grow at 38.5%, Enabling the Market to Exceed $40 Billion by 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Cognitive Services - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Cognitive Services Market accounted for $2.15 billion in 2017 and is expected to reach $40.26 billion by 2026 growing at a CAGR of 38.5% during the forecast period.
Factors such as the growing use of cognitive services across different industries and increasing demand for intelligent APIs to build smarter applications are some key factors propelling the market growth. However, stringent external regulations across regions and lack of awareness across the industry are hampering the market growth.
By Deployment Mode, the Cloud segment held considerable market share during predicted period. They are flexible and easily available for enterprises to installing the necessary software and are leveraged remotely by enterprises. Cognitive service providers are focusing on the expansion of robust cloud-based solutions for their users, as many organizations have started adopting the cloud model.
Based on geography, Asia Pacific is expected to dominate the market during the forecast period. The enterprises in this region are using cognitive services to make insights from large volumes of data to enhance business processes and increase in investments for cognitive technologies across the region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Cognitive Services Market, By Application
6 Global Cognitive Services Market, By Deployment Mode
7 Global Cognitive Services Market, By Organisation Size
8 Global Cognitive Services Market, By Service Type
9 Global Cognitive Services Market, By End-User
10 Global Cognitive Services Market, By Technology
11 Global Cognitive Services Market, By Geography
12 Key Developments
13 Company ProfilingIBM Apple AWS Baidu Cognitivescale Expert System Folio3 Software Fusion Informatics Google Inbenta IPsoft Microsoft Nokia Nuance Communications Qualcomm Technologies SAS Softweb Solutions TCS Verbio Technologies
For more information about this report visit https://www.researchandmarkets.com/research/khbl3k/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180927005402/en/
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Related Topics:Machine Learning and Data Mining
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
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PUB: 09/27/2018 06:50 AM/DISC: 09/27/2018 06:51 AM