Cognitive Computing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

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Cognitive Computing Market  Forecast (2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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• Cognitive Computing Market size is forecast to
  reach 58.28 billion by 2025, after growing at a
  CAGR of 27.5 during 2020-2025.
• The increasing incorporation of artificial
  intelligence and Internet of Things between
  software and hardware platform and also the need
  for big data analytics are driving the need for
  cognitive business.
• Furthermore, the deployment of innovative
  hardware and software systems and cloud-based
  technological advancements along with machine
  learning and cognitive analytics are further
  providing opportunities for the cognitive
  computing market during the forecast period.

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• Key Takeaways
• North America dominates the cognitive computing
  market owing to increasing advancements in the IT
  sector and the presence of giants such as IBM,
  Microsoft and Google.
• The increasing collaboration of machine learning
  with artificial intelligence and IoT is fueling
  the growth of the cognitive computing industry.
• The rising demand for pattern recognition, facial
  recognition, fraud detection and the analysis of
  big data analytics in a complex environment is
  leading to drive the cognitive computing market.

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By Distribution Channel- Segment Analysis The
Natural Language Processing (NLP) segment holds
the largest share in the cognitive computing
market in 2019. The deployment in technology has
led NLP to play a significant role in
facilitating text analytics and is also
significantly contributing to the upgradation of
progressive speech and text which will accelerate
in the coming years. The significant demand for
natural language processing in applications such
as intelligent chatbots, speech-to-text and
semantic search will further propagate the
cognitive computing market. This technology will
also mold the communication capacity of cognitive
computing.
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• Cognitive Computing Industry Outlook 
• Google Inc.
• Hewlett-Packard Development Company
• International Business Machine Corporation
• Microsoft Corporation
• Nuance Communications, Inc.
• Oracle Corporation
• SAP SE
• TIBCO Software Inc.

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