Cognitive Systems Spending Market

North America to Witness Robust Growth Rate - Seite 2

Emerging countries are expected to witness evident growth throughout the assessed period. Latin America will demonstrate the fastest CAGR of 15%, primarily driven by the market growth in Brazil and Mexico. From around S$ 500 Mn at the beginning of the forecast, this region will reportedly reach beyond US$ 2 Bn by the end of the period. Japan and APEJ are also anticipated to expand at the respective CAGRs of 14.9% and 14.8%.

Regional market drivers

• Soaring commercialisation of predictive analytics within North America (especially the U.S.) will remain the key driver to North America's market growth.
• Rapidly proliferating demand for cognitive systems in healthcare sector and substantial adoption of Natural Language processing cognitive technology are expected to be responsible for Latin America's growth. Moreover, consistent innovation in the comprehension economy will further push the market for cognitive systems analytics in Latin America.
• Favourable government initiatives and increasing IT spending on cognitive systems will foster the APEJ market.
• Towering adoption of cognitive systems for personalized learning, coupled with growing popularity of predictive analytics will continue to accelerate the Japanese market.

Preview Analysis on Global Cognitive Systems Spending Market Segmentation By Product Type - Hardware, Software and Services; By Deployment Type - Public and On-Premise; By Technology Type - Natural Language Processing, Machine Learning and Automated Reasoning; By Verticals - Banking, Education, Government, Healthcare, Insurance, Manufacturing, Securities & Investment Services, Telecommunications, Transportation and Other Industries (Cross Industries, Discrete Manufacturing, Process Manufacturing, Retail): http://www.futuremarketinsights.com/reports/cognitive-systems-spending-market

Segmentation analysis based on product type, technology, deployment, and application 

By product type, services will be the largest and fastest growing segment with over US$ 12 Bn revenues estimated for 2026 end. While this segment is likely to expand at an impressive 15.1% CAGR, it will hold over 58% value share in 2026, gaining 250 BPS over the period of forecast. Software will remain the second largest segment with over US$ 5 Bn revenues in 2026, accounting for over 25% share.