Cognitive Computing Systems are self-learning systems that utilize machine learning models to understand the working of the brain. Cognitive computing technology will enable the creation of automated IT models which are capable of solving problems without human support. Examples of cognitive computing products includes Vantage Software, Café Well Concierge, Sofie, BrightMinded, WayBlazer, and Edge Up Sports. Cognitive computing impacts every area of lives, from travel, sports, and entertainment, to fitness, health and wellness including the health of pets. Several companies showcasing cognitive computing products in these various industries. For instance, Welltok is a cognitive computing market company solution provider that offer CaféWell Concierge with capability to process large amount of data rapidly to solve individuals’ questions and make intelligent, personalized recommendations. Welltok offers Café Well Concierge to health insurers, providers, and similar organizations as a way to help their subscribers and patients improve their overall health.
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The market growth is driven by some major factors such as rising application of cognitive computing in healthcare and increasing demand for the natural language processing (NLP) technology. Further, increasing adoption of cloud-based technology and presence of large number of market players is also significant factors which is predicted to drive the growth of the global cognitive computer market. However, there are some factors which is expected to hinder the growth of the market such meticulous training process and issues in analysis of unstructured data. Large amount of unstructured data can be difficult to understand. Advancement in cognitive computer technology can solve this issue and can create enormous opportunity for the market in coming year.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Cognitive Computing Market –Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Comprehensive research methodology of global Cognitive Computing Market.
- This report also includes detailed and extensive market overview with analyst insights & key market trends.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Cognitive Computing Market.
- Insights about market determinants which are stimulating the global Cognitive Computing Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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