Global Cognitive Computing Market analysis regarding key factors including the major Drivers, Challenges, Opportunities 2027
iCrowd Newswire
01 Jun 2021, 18:06 GMT+10
Global Cognitive Computing Market was valued at USD 7.68 billion in 2019 which is expected to reach at USD 75.88 billion by 2027 at a CAGR 33.56%.
Cognitive Computing is the combination of hardware and software that constitute Natural Language of Processing (NLP) and machine language. Cognitive Computing have capacity to collect, process, and interpret data of organization. These systems are works like human brains. Cognitive computing is based on various technologies such as Automated Reasoning, Machine Learning, Natural Language Processing, and Others.
Increase in demand for cognitive system in large enterprises expected to boost the global cognitive and computing market growth. Furthermore, increase in technological advancement and innovations will have the positive impact on global cognitive computing market gr
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