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Cognitive Systems Market: Global Industry Trends, Opportunity and Forecasts 2017-2022 - Market to grow from $4 Million in 2016 to $12 Million by 2022 - Research and MarketsThe "Cognitive Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to Research and Markets' offering. The market is expected to reach a value of around US$ 12 Million by 2022, exhibiting a CAGR of 18% during 2017-2022. The global cognitive systems market reached a value of more than US$ 4 Million in 2016. The major driver of the market is the continuous growth in digital banking trends. Cognitive systems help in speeding up the operations in banking and financial institutes so that they can meet the increasing demands of their customers and rising competition. Growing demand for predictive analytics is further spurring the growth of the market. This technique gives a chance to customize the program for groups or individual customers according to their demands and helps in improving the cost-effectiveness of the production process. Moreover, the need to manage large volumes of unstructured data among different sectors such as retail, healthcare and finance has propelled the growth aspects for data analytics in cognitive systems. The report has segmented the mrket on the basis of product type into software, services and hardware. Currently, software accounts for the majority of the total market share. The market is further segregated on the basis of end-use. Banking sector dominates the market followed by the retail and healthcare sectors. Region-wise, the report covers North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Amongst these, North America represents the leading market, accounting for the majority of the global share. Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Cognitive Systems Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Product 5.4 Market Breakup by Industry 5.5 Market Breakup by Region 5.6 Market Forecast 5.7 SWOT Analysis 5.8 Value Chain Analysis 5.9 Porters Five Forces Analysis 6 Market Breakup by Product Type 6.1 Software 6.2 Services 6.3 Hardware 7 Market Breakup by End-Use Sector 7.1 Banking Sector 7.2 Retail Sector 7.3 Healthcare Sector 7.4 Others 8 Market Breakup by Region 9 Competitive Landscape For more information about this report visit https://www.researchandmarkets.com/research/2m9d4s/cognitive_systems View source version on businesswire.com: http://www.businesswire.com/news/home/20171124005078/en/ |
