Market Research Report
Global Cognitive Systems Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||361549|
|Published||Content info||60 Pages
|Global Cognitive Systems Market 2016-2020|
|Published: June 16, 2016||Content info: 60 Pages||
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 user's specific locative and temporal context.
Technavio's analysts forecast the global cognitive systems market to grow at a CAGR of 55.57% during the period 2016-2020.
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:
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.
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