Maharashtra, India -- (SBWIRE) -- 04/24/2019 -- Cognitive Analytics Market
Summary
The healthcare and life sciences industry is estimated to have the largest share of the cognitive analytics market in 2017. Cognitive analytics enables organizations in the healthcare and life sciences industry to accelerate scientific discoveries, transform clinical trials, and improve the execution and engagement for better treatment and care management, leading to the high adoption of the technology in this industry.
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Scope of the Report:
Organizations are deploying cognitive analytics solutions, either on-premises or on-demand (cloud). The demand for cloud-based cognitive analytics solutions is expected to grow at a higher rate. Due to the scalability and agility of cloud-based technologies, more enterprises are proactively adopting cloud-based cognitive analytics solutions to avail the cost-saving benefits and increase their operational efficiency.
The global Cognitive Analytics market is valued at 1800 million USD in 2017 and is expected to reach 15300 million USD by the end of 2023, growing at a CAGR of 42.9% between 2017 and 2023.
Market Segment by Companies, this report covers
IBM
Amazon Web Services
Google
Microsoft
Oracle
SAS Institute
Intel
Cisco Systems
Nokia
HPE
Nuance Communications
Ipsoft
Narrative Science
Sinequa
Persado
Market Segment by Type, covers
Managed services
Professional services
Consulting services
Deployment and integration
Support and maintenance
Market Segment by Applications, can be divided into
Asset maintenance
Fraud and risk management
Customer analysis and personalization
Sales and marketing management
Supply chain management
Others
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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Technological Advancements
The latest and advanced technologies used in the Cognitive Analytics Market can be helpful for collaborative seminars, meetings, lectures, and training for industry professionals. Furthermore, in order to introduce advanced products or solutions, leading competitors are expected to concentrate on product innovation through continuous investments in product development.
Key Benefits:
1. The research report provides a detailed analysis of the Cognitive Analytics Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2. Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Cognitive Analytics Market is provided.
3. Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4. The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Overall, this Cognitive Analytics market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.
Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Cognitive Analytics market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for a Cognitive Analytics?
What are the key outcomes of Porter's five forces analysis of the Cognitive Analytics market?
Conclusion:
The report concludes with the profiles of major players in the Cognitive Analytics Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and so on., as well as the latest development trends of the Market.
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