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Cognitive Services Market Current Trends and Major Impacting Factors to Growth of the Industry by key Players Amazon Web Services, Attivio, BMC Software, IBM Corp, Microsoft Corp

08-19-2020 05:05 PM CET | IT, New Media & Software

Press release from: Premium Market Insights

Cognitive Services Market Forecast to 2027 - Premium Market Insights

Cognitive Services Market Forecast to 2027 - Premium Market Insights

Cognitive Services is a set of machine learning, application programming interfaces (APIs), and artificial intelligence (AI) algorithms for building intelligent applications. The increasing demand for cognitive services to develop smarter products, make smarter decisions, build new variants of customer engagement, and improve the overall internal performance. Further, cognitive services offer various benefits such as streamline the business processes and help to achieve operational efficiencies and higher revenues by automating the various business processes, thereby increasing demand for the cognitive services market.

Cognitive services leverage the benefits of technologies, such as deep learning, machine learning, and NLP, to analyze trends that enable enterprises to develop applications that are capable of the understanding image, text, video, and audio data. Growing adoption of an IoT and artificial intelligence (AI) is one major factor triggering the growth of cognitive services market. However, lack of awareness across industries may restraint the growth of the cognitive services market. The rising use of cognitive services across vertical and increasing demand for intelligent APIs to build smarter applications is expected to provide lucrative opportunities for the cognitive services market during the forecast period.

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The Major Market Player Included in This Report are:
- Amazon Web Services, Inc.
- Attivio
- BMC Software, Inc.
- IBM Corporation
- Microsoft Corporation
- Nokia Corporation
- Nuance Communications, Inc.
- Progress Software Corporation
- Softweb Solutions Inc. (Avnet, Inc.)
- Tallan, Inc.

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What the report features:- https://www.premiummarketinsights.com/buy/TIP00028235?vin

• Global analysis of Cognitive Services Market from 2020 – 2027 illustrating the progression of the market.

• Forecast and analysis of Cognitive Services Market by Dosage, Route of Administration and Application from 2020 – 2027.

• Forecast and analysis of Cognitive Services Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cognitive Services

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Cognitive Services Market, thereby allowing players to develop effective long term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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