Cognitive System Market Predicts Rise in Demand by 2026
Cognitive System Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The cognitive system is a suit of technologies, which extracts the insights form the structured
and unstructured data by using machine learning and natural language processing technology.
The increasing unstructured data, such as call center transcripts, documents, email messages,
social media content, and social networking sites contents has become one of the major factors
for the growth of the cognitive system market. For instance, approximately 300 million photos
are uploaded on Facebook per day, 510 thousand comments are posted, and 293 thousand
statuses are updated in every 60 seconds. Similarly, on YouTube near 27,000 videos are viewed
in 60 seconds, nearly 430,000 tweets are posted on Twitter, and around 120 new users are
registered on LinkedIn. The natural language processing plays a major role in cognitive system
for insights. With the help of natural language processing, the cognitive system extracts the
insights from the plain text. This helps company managers and supervisors to understand the
customer demand and product description. Moreover, the increasing usage of artificial
intelligence in various increasing verticals and constant advancement in data processing
technology are some of the drivers fueling the growth of cognitive system market globally.
Download PDF Brochure @
https://www.coherentmarketinsights.com/insight/request-pdf/963
The global cognitive system market was valued at US$ 8 billion in 2016. By the end of the year
2025, the market is projected to reach US$ 88.14 billion with a CAGR of 29.02% during the
forecast period (2017–2025).