DUBLIN--(BUSINESS WIRE)--Nov 29, 2022--
The "Cognitive Systems, Content Analytics and Discovery Software: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cognitive Systems, Content Analytics and Discovery Software Market to Reach $65.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Cognitive Systems, Content Analytics and Discovery Software estimated at US$17.9 Billion in the year 2020, is projected to reach a revised size of US$65.8 Billion by 2027, growing at a CAGR of 20.5% over the analysis period 2020-2027. Machine Learning, one of the segments analyzed in the report, is projected to record a 21.1% CAGR and reach US$19 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Natural Language Processing segment is readjusted to a revised 24.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 20% CAGR
The Cognitive Systems, Content Analytics and Discovery Software market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$11.5 Billion by the year 2027 trailing a CAGR of 20% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.
Automated Reasoning Segment to Record 15.8% CAGR
In the global Automated Reasoning segment, USA, Canada, Japan, China and Europe will drive the 15.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 99 Featured) -
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/29/2022 08:56 AM/DISC: 11/29/2022 08:56 AM
http://www.businesswire.com/news/home/20221129005713/en