Content analytics discovery and cognitive systems allow users to link customers and employees with the correct insights and information at the right moment, which can aid in business success.
For a company, information can be a strategic asset that helps them decrease business risks, improve customer interactions, and make better decisions. The requirement to extract information throughout the organization has become more essential as the diversity and volume of data have increased dramatically.
Segmentation of the Global Content Analytics, Discovery, and Cognitive Systems Market
The global market for content analytics, discovery, and cognitive systems is divided into three categories: type, vertical, and region. The global market for content analytics, discovery, and cognitive systems can be divided into two types: solution and service. Content analytics and cognitive computing solutions are two sub-segments of the solution segment.
Text analytics, speech analytics, social media analytics, e-discovery & navigation tools, web analytics, and others make up the content analytics solution sub-segment. Automated reasoning, machine learning, natural language processing, and other features are included in the cognitive computing solution. Consulting service, integration service, implementation service, and maintenance service are all sub-segments of the service segment.
Market Forecasts for Content Analytics, Discovery, and Cognitive Systems by Region
During the forecast period, the global content analytics, discovery, and cognitive systems market is expected to rise at a significant CAGR. Content analytics, discovery, and cognitive systems are gaining popularity across verticals, which means that key companies in the content analytics, discovery, and cognitive systems market will have a lot of room to develop.
Key Players in the Global Content Analytics, Discovery, and Cognitive Systems Market
Microsoft Corporation, IBM Corporation, Google Inc., Symantec Corporation, Palantir Technologies, Inc., Recommind, Inc., and OpenText Corporation are some of the prominent competitors in the global content analytics, discovery, and cognitive systems industry.