Global Cognitive Services Market Size By Deployment Mode, By End User, By Geographic Scope And Forecast
Cognitive Services MarketSize And Forecast
Cognitive Services Market was valued at USD 2.52 Billion in 2018 and is projected to reach USD 34.3 Billion by 2026, growing at a CAGR of 38.4% from 2019 to 2026.
Global Cognitive Services Market Overview
Rise in the adoption of Cognitive services by various organizations for gaining essential insights to meet their business objectives and therefore boosted their demand in the market. The need for cognitive services has surged owing to the data-driven economy. In recent years, there is noteworthy rise in the adoption of an artificial intelligence (AI) and internet of things(IOT) is one of the major factor driving the growth of cognitive services market in upcoming years. The rise in the from different industries for cognitive services and growing demand for intelligent APIs in order to build smarter applications is expected to create potential for the cognitive services market. Thus, aforementioned factors are expected to drive Cognitive Services market during the forecasted period.
Global Cognitive Services Market: Segmentation Analysis
The Global Cognitive Services Market is segmented based on Deployment Mode, End User, and Geography.
Key Players In Cognitive Services Market
The Global Cognitive Services Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Cisco Systems
- Nuance Communications
- BMC Software
- Qualcomm Technologies, Inc.
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