Cognitive Computing Market 2022-2030: Growing Requirement for Predictive Analytics to Reduce Business Operating Costs

Cognitive Computing Market

The global cognitive computing market size was USD 26.85 billion in 2021 and is expected to register a revenue CAGR of 31% during the forecast period.

NEW YORK CITY, NEW YORK, USA, July 5, 2022 /EINPresswire.com/ — The global cognitive computing market is expected to reach $305.23 billion by 2030, according to a new report from Reports and Data . Cognitive computing technology derives responses and functions like the human brain. Literally, computer models adapt self-learning algorithms and use machine learning models to mimic how the human brain works. Models trained by cognitive computing provide an actual roadmap for artificial intelligence and machine learning and eventually facilitate automated systems, which would operate without human assistance. The growing demand for virtual assistance and eloquent interactive voice response (IVR) for customer support in various industries is very insistent in the market. The deployment of the cloud is likely to benefit greatly due to the higher adoption rate of cloud-based services in financial SMBs.

APAC is expected to achieve the fastest growth of around 35.4% during the period 2022-2030, due to its significant development in information technology engineering coupled with the massive proliferation of availability internet and digital marketing. India and China are among the fastest growing countries due to the immense growth of their potential consumer base across all major industry verticals and the surge in big data.

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Contents:

Chapter 1. Methodology and sources
1.1. Market definition
1.2. Search scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary sources
1.4.2. Secondary sources
1.4.3. Paid sources
1.5. Market valuation technique
Chapter 2. Executive Summary
2.1. Summary overview, 2020-2030
Chapter 3. Key Information
Chapter 4. Global Pharmacy and Healthcare Market Segmentation
4.1. Impact analysis of COVID-19 on the global pharmaceutical and healthcare market
4.2. Industry outlook
4.2.1. Analysis of market indicators
4.2.2. Market Driver Analysis
4.2.3. Analysis of market constraints
4.3. Technology Previews
4.4. Porter’s Five Forces Analysis
4.5. Regulatory framework
4.6. Price trend analysis
4.7. Competitive Metric Space Analysis

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Key Regional Markets Covered in the Report:

• North America (United States, Canada, Mexico)
• Europe (UK, Italy, Germany, Spain, France, BENELUX, Rest of Europe)
• Asia-Pacific (India, Japan, China, South Korea, Australia, rest of Asia-Pacific)
• Latin America (Chile, Brazil, Argentina, rest of Latin America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of the Middle East and Africa)

Top 10 Companies Operating in the Global Current Sense Amplifiers Market:
• Google LLC,
• Microsoft,
• Amazon Web Services, Inc.,
•IBM,
• Cisco Systems, Inc.
• Others

Key takeaways from the Competitive Overview section:

• Overview of company profiles of each market player
• Analysis of the industrial chain of each player
• Contribution to revenue sharing
• Sales network and distribution channels and net profit and loss of each company
• Key business growth strategies undertaken by these players

Market segmentation :

By Technology Insights
• Natural Language Processing (TAL)
• Information retrieval
• Machine learning
• Automated reasoning
By type of Outlook deployment
• Cloud
• Hybrid
• On the site
By type of Outlook application
• Automating
• Smart virtual assistants
• Behavioral analysis
• Biometrics
• Others

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About reports and data

Reports and Data is a market research and consulting firm that provides syndicated research reports, custom research reports and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics, across industries and helping customers make a smarter business decision. We offer market intelligence research ensuring relevant, fact-based research across multiple sectors including healthcare, technology, chemicals, power and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Reports and Data has a strong base of experienced analysts from a variety of areas of expertise.

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