Cognitive Systems Market to Expand at a CAGR of 55.57% to 2020 Due to Rise in IT Industry
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 present cognitive systems are mostly passive in nature and require assistance from humans to initiate an action and generate an output or a response. This interaction is often made through text typed via a computer, a mobile app, or a web portal. We expect future cognitive systems would enable enhanced natural interaction with users, including voice and visualization. The cognitive systems will also become increasingly more interactive and engaging. Significant advances in technology have already been made to understand users better and deliver responses fit for users specific locative and temporal context.
Technavios analysts forecast the global cognitive systems market to grow at a CAGR of 55.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cognitive systems market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of cognitive systems globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Cognitive Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
HP
IBM
Microsoft
SE
Other prominent vendors
Accenture
Alteryx
Attivio
Cloudera
Continuum Analytics
DataStax
EMC
Google
Hortonworks
MapR Technologies
SAS Institute
Teradata
Market driver
Aids change in human and system interaction
For a full, detailed list, view our report
Market challenge
Complex learning process
For a full, detailed list, view our report
Market trend
Growing demand for predictive analytics
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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