Global Cognitive Systems, Content Analytics and Discovery Software Market to Reach US$60.06 Bn by 2024

ALBANY, USA, 2018-Mar-21 — /EPR Network/ —Cognitive computing is a technology platform which is based on scientific techniques of artificial intelligence and signal processing. Demand for artificial intelligence is rising significantly with the advancement in technologies. Increasing usage of competitive intelligence and advanced analytics enhancing data driven decision making and this factor is one of the key driving factors in the cognitive systems, content analytics and discovery software market across the globe. A new research report with a title “Cognitive Systems, Content Analytics and Discovery Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on cognitive systems, content analytics and discovery software market analyzes its current status as well as future prospects of the industry across the globe.

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The global market for cognitive systems, content analytics and discovery software market is expected to grow at an exponential CAGR of 23.5% from 2017 to 2025. Expanding at this rate, the market will reach a valuation of US$60.06 billion by 2025 from US$9.88 billion in 2016. The report explores the market dynamics such as drivers, restraints, risks and opportunities that presently have a strong impact on the global market and could influence the market in the near future. Market attractiveness analysis is provided in all the sections of the study in order to evaluate the intensity of competition in the market across different products/end-users/materials/geographic regions. The competitive scenario among different important players is assessed through market share analysis in the competition landscape. The report also covers completion matrix that analyzes the competition among some of the leading global players operating in the market. All these research findings would help companies to take strategic decisions in order to strengthen their hold and rise their shares in the global market.

The global market for cognitive systems, content analytics and discovery software market is segmented based on application into automated reasoning, machine learning, natural language processing, social media analytics, speech analytics, text analytics and others. In terms of industries, the market is divided into healthcare, banking, transportation, retail, IT and telecom and others. Furthermore, on the basis of deployment type, the market is segregated into on premises and cloud. The geographic division of the market includes Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

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Some of the key companies in the global cognitive systems, content analytics and discovery software market include International Business Machines Corporation (U.S.), OpenText Corporation (Canada), Google Inc. (U.S.), Symantec corporation (U.S.), SAP SE (Germany), Adobe Systems Inc.(U.S.), Palantir Technologies, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.),SAS Institute, Inc. (U.S.) among others.

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