Global Cognitive Service Market: Key Highlights
Global Cognitive Service Market: Key Market Dynamics
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Global Cognitive Service Market: Regional Overview
The cognitive market in the Asia-Pacific region is projected to witness high demand as the region is faster adoption the technology such as artificial intelligence, Internet of things (IoT).
According to the Australian Trade and Investment Commission, the Made in China 2025 and the Internet plus are planning to reach the China’s manufacturing sector with the value chain by advancing and growing innovative technology system. Also, there is growing market for exporters and for startup of technologies by the China.
However, the China is projected to reach its 2020 target by 2.5% of GDP spending on its R&D which is anticipate to increase the demand of the market in the period of forecast.
Owing to the rapid adoption of the technology, innovation and engineering in the region is expected to increase the market demand in the forecast period. Germany is one of the world major player in the field of technology, and research and development. Also, the UK is one of the leading market player in adoption new technologies to advance the public services. According to the European Commission, the region projected to invest in the new emerging technologies which may lead to support the adoption of Internet of things (IoT) and 5G.
Global Cognitive Service Market: Key Players Overview
International Business Machines (IBM) Corporation is a global technology company which sell and produce software, hardware and consulting services. The cognitive-based system helps to difference how to interact with person and to systems. Whereas, cognitive computing contain a features which includes natural language processing and machine learning. Also the cognitive service includes conversation, speech to text, visual recognition and language translation.
Furthermore, in 2018 the company has design mainly first ever commercialized cognitive computing platform for the solution and development of an enterprise.
Microsoft Corporation is a multinational organization which develops, license, support and sells personal computer and consumer electronics. The Azure Cognitive services includes artificial intelligence (AI) for each and every developer without the help of machine learning expertise. Also the company has developed this service to solution the problem in the field of artificial intelligence (AI). In 2020 the company has announced a new feature for Azure Cognitive Service and the Bot Service for the enhancement purpose.
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