Global Cognitive Analytics Market
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Global Cognitive Analytics Market is expected to reach US$ 26.3 Bn by 2026 from US$ XX Bn in 2018 at a CAGR of XX%.
The global cognitive analytics market is segmented based on service type, end user, vertical, and geography. The service type segment is further bifurcated into cloud engineering, maintenance services, product engineering, experience engineering, security engineering, maintenance services, and others. Moreover, the end user segment of the cognitive computing market is further classified as small & medium enterprises, large enterprises. Vertical bifurcates the cognitive analytics market into healthcare, IT & telecom, automotive, energy & utilities, aerospace & defense, industrial manufacturing, transportation & logistics, and others. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Major factors driving the growth of cognitive analytics market are the technological advancements and rise in amounts of complex data. This is a comprehensive global report focused on the current and future prospects of the Global Cognitive Analytics Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Cognitive Analytics Market has been done in order to calculate the growth rates for each segment and sub-segments.
In terms of vertical, the adoption of cognitive computing solution is phenomenal in the BFSI domain. The healthcare segment is also anticipated to exhibit a decent growth at a CAGR of over 19.20% over the forecast period. Cognitive solutions enable medical practitioners to emphasize on patient treatment by reducing the requisite paperwork.
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