The report offers detailed coverage of Cognitive Systems industry and main market trends. Cognitive systems include applications with capabilities to enhance human decisions. These systems take advantage of cognitive computing capabilities of vast data-processing power, adding of channels for data collection, and environmental setting to deliver practical business insights. In addition, they use analytics to process data collected and deliver useful insights.
The banking segment was estimated to account for more than 17% value share towards the end of 2020 and is expected to expand at a high CAGR of 13.5% than other segments of the global cognitive systems spending market from 2020 to 2025.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Cognitive Systems by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Cognitive Systems market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Cognitive Systems market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
First, this report covers the present status and the future prospects of the global Cognitive Systems market for 2015-2027.
Key Companies
IBM
Accenture
HP
Microsoft
Intel
Attivio
Wipro
COGNITIVE SCALE
IPSOFT
At the same time, we classify Cognitive Systems according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Hardware
Software
Services
Market by Application
Banking
Education
Government
Healthcare
Insurance
Manufacturing
Securities and Investment Services
Telecommunications
Transportation
Others
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Cognitive Systems market for the forecast period 2021 - 2027?
• What are the driving forces in the Cognitive Systems market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Cognitive Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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