Asia Pacific Cognitive Computing Market Introduction
Cognitive computing is an advanced technology used to incorporate human thought process capabilities in computerized model. This technology uses natural language processing, pattern learning, and data mining algorithms to process information by comparing it to a teaching set of data. Cognitive computing solutions are being increasingly deployed where enormous amount of unstructured data is available that is difficult to process and summarize by human. Alongside artificial intelligence, big data and internet of things, cognitive computing is becoming mainstream technology and revolutionizing the way organization address and handle complex situation characterized with uncertainty and ambiguity.
Increasing amount of data owing to growing digitization is of business process is encouraging end user verticals to deploy cognitive computing technology to derive insightful information from the available data set. This, in turn is fueling growth of cognitive computing market across Asia Pacific. Also, advantages such as speech recognition, face detection, and text mining etc. offered by cognitive computing based solutions is expected to fuel growth of the market during the forecast period. However, lack of awareness regarding benefits of cognitive technology in underdeveloped countries is hindering adoption of cognitive computing solutions across the region.
The Asia Pacific cognitive computing market analyzes major segments such as technology solution, service, and end user industry. By offering, the market has been segmented into solution and service. The solution segment is further sub-segmented into natural language processing, automated reasoning solution, machine learning solution, and other technology solutions. Based on end user industry the Asia Pacific cognitive computing computer market is classified into consumer goods, healthcare, BFSI, aerospace and defense, energy and utility, telecom and IT, public sector, manufacturing, and media and entertainment.
Major countries analyzed in the Asia Pacific cognitive computing market are China, Japan, South Korea, India, and rest of Asia pacific. In terms of spending on cognitive computing solutions, China is one the dominating market compared to abovementioned countries in Asia Pacific. This is mainly attributed to expanding application area of cognitive computing in manufacturing and BFSI industries.
Major Regions/Countries include:
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
This research report on Asia Pacific cognitive computing market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.