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Cognitive Analytics Market, By Technology (NLP, Machine Learning, Automated Reasoning) By Deployment (Cloud, On Premise), By End User (SMEs and Large Enterprises) and By Vertical - Forecast 2023 Cognitive analytics market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of technology and increasing adoption of internet of things across several industry verticals.
Cognitive analytics performs data mining and helps in predicting the optimized responses.
Cognitive analytics provides accurate and precise data with full coverage and analytics of supervised and unsupervised data.
It can also allow investors to make accurate decisions about how much to invest into which business by providing accurate insights about a particular industry vertical.
The major factors restraining the growth of Cognitive Analytics Market are the lack of awareness about importance of real time data analysis and the higher costs of deployment of cognitive systems.
Market Research Future (MRFR) recognizes the following companies as the key players in the cognitive analytics market – Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Nokia Networks (Finland), Saffron Technology (U.S.), ColdLight Solutions (U.S.), CognitiveScale (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Vicarious (U.S.) among others.