Market Synopsis:
Cognitive computing is executed through a computer-generated model mimicking the human process of thinking and cognitive ability in the form of simulation over a specialized platform. The process of transforming thoughts into simulation involves systems for self-learning, to extract unstructured data and churn out insightful analytics, to recognize patterns unable to be spotted by the human eye, and to process and identify language formation and structure behind it. One of the working scenarios for cognitive computing is to solve intensive computational problems by making open automated IT systems. The systems are independent of human assistance, which results in accurate outcomes with no potential human error.

The major factors that help in the growth of Cognitive Computing Market are the advancement in cognitive computing resulting in its higher adoption, growing number of unstructured, large and complex sets of data, advancement in computing platforms such as cloud, mobile, and data analytics. The cognitive computing process acquires data from the unstructured source, using machine learning algorithms. However, the market is hampered by the high cost of deployment of cognitive computing systems, and issues relating to government and regulatory compliance.

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Major Key Players:
• SparkCognition Inc (U.S.)
• Expert System S.p.A. (Italy)
• Microsoft Corporation (U.S.)
• International Business Machines Corporation (U.S.)
• Numenta (U.S.)
• DeepMind Technologies Limited (U.K)
• Cisco Systems, Inc (U.S.)
• CustomerMatrix Inc (U.S.)
• CognitiveScale (U.S.)
• Hewlett Packard Enterprise (U.S.)

Segmentation:
• By the Technology, the market is segmented into natural language processing (NLP), machine learning, automated reasoning, and others.
• On the basis of organization size, the market is segmented into small and medium enterprise, and large enterprise.
• On the basis of end-user, the market is segmented into banking & financial service, retail, aerospace & defense, IT & telecom, energy & power, automotive & transportation, and others

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Regional Analysis
The global cognitive computing technology market is estimated to grow at a significant rate during the forecast period due to higher demand for faster and secure storage devices. The geographical analysis of Cognitive Computing Technology market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America).

Intended Audience:
• Games Manufacturers
• Distribution Centers
• Software Developers
• Manufacturing Companies
• Healthcare Service provider

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