Cognitive Systems Spending Market Will hit at a CAGR 14.6% from 2016 to 2026
Verfasser: pradnya_86 on Wednesday, 25 January 2017Banking segment expected to expand at a higher CAGR over the forecast period
In banking, cognitive systems are used for customer service, advisory and decision-making support, investment consulting, and others. The banking sector is the most attractive vertical segment in the global cognitive systems spending market. In terms of value, the banking segment is expected to gain a significant BPS in the global cognitive systems spending market over the forecast period. The banking segment was estimated to account for more than 20% value share towards the end of 2016 and is expected to expand at a high CAGR of 15.5% than other segments of the global cognitive systems spending market during the period of forecast. The banking segment is expected to represent absolute $ opportunity of more than US$ 400 Mn between 2016 and 2026. Our report also indicates that the banking segment is estimated to account for more than 30% value share in the global cognitive systems spending market by 2026 end, followed by the healthcare segment.
Ability to diffuse huge data in the banking sector likely to boost the global cognitive systems spending market