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(I-SoftwareNews.Com, September 26, 2018 ) Artificial intelligence has received an overwhelming attention globally due to the extraordinary developments it has brought about in the recent past such as mobile phones using speech recognition, driverless cars, robots automating operations in factory, and many others. Technologies such deep learning, machine learning, speech recognition, image recognition, and automated reasoning, among others, are designed to provide computers that are capable of mimicking human abilities are an integral part of cognitive/artificial intelligence systems. Moreover, cognitive/artificial intelligence systems are widely used by the industrial sector wherein robotics developed on the artificial Intelligence technology is deployed in the workstation in order to automate the production processes, as well as are used in building and home automation, among others. The artificial Intelligence technology has also led to development of advanced drones used for surveillance in the aerospace and defense industry.
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In 2017, the global Cognitive/Artificial Intelligence Systems Market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
Growing trends of machine learning, and increasing government investments have thereby increased the demand for cognitive/artificial intelligence systems. In addition to this some of the prominent drivers for Cognitive/artificial intelligence systems market are factors such as significant progress in hardware technology, rising demand for intelligent systems, need for efficient data analytics, and adoption of automation technology by various end user industry, and others. On the other hand, factors such as complexities in developing algorithms, need for skilled personnel and lack of standardization may act as a restraint for the cognitive/artificial intelligence systems market.
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The key players covered in this study IBM, Microsoft, Google and many more. Also, the market segment by type, the product can be split into Robotics, Consumer Electronics, Drones, Autonomous Cars and others
The global Cognitive/Artificial Intelligence Systems market segment by application, split into Manufacturing, Healthcare, Consumer and Retail, Automotive, BFSI, Aerospace and Defense and others.
Related Report:
Global Cognitive Security Market 2018-2022
Cognitive security applies artificial intelligence techniques along with machine learning to uncover new patterns. It analyzes security-related structured and unstructured data to understand, reason, and learn about constantly evolving threats as well as build security instincts and expertise for analysts at a faster scale and with high accuracy.
The research study forecasts the global cognitive security market to grow at a CAGR of 22.44% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global cognitive security market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of cognitive security solutions across end-user industries including BFSI, healthcare, government, ICT, retail, and others.
Read More: https://www.researchbeam.com/global-cognitive-security-2018-2022-market?utm_source=RR-EMW&utm_medium=CC
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