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(Wireless-NewsWire.Com, October 11, 2018 ) According to Verified Market Intelligence, the Global Cognitive Analytics Market was valued at USD 1.82 billion in 2016 and is projected to reach USD 45.57 billion by 2025, growing at a CAGR of 43.02% from 2017 to 2025.
Cognitive analytics, also known as artificial intelligence is being incorporated for various applications. With the advancement in technology, processes for decision making analytic processes as well as business intelligence these services are being used more often. The industrial cognitive analytics provides personalized services, enhances knowledge sharing, and detects product safety issues and more.
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The growing trend of adopting cloud technology and the emergence of advanced analytics technology can be potential drivers for global cognitive analytics market as it facilitates cloud storage and other data solutions for various businesses, whereas security concerns regarding cyber security and technical errors can cause an imbalance in security risk management.
Competitive Landscape:
The major players in the market are as follows:
Amazon Web Services
Persado
SAS Institute
IBM Corporation
Intel
HPE
Ipsoft
Google
Sinequa
Narrative Science
Microsoft Corporation
Nuance Communications
Nokia
Cisco Systems
Oracle Corporation
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