The Business Research Company’s Content Analytics, Discovery and Cognitive Software – Market Size, Trends, And Global Forecast 2024-2033
Strong Future Growth Anticipated
The content analytics, discovery and cognitive software market is projected to continue its strong growth, reaching $11.9 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to increasing need to align content strategy with business goals, increasing amount of data created, growing awareness of the advantages of content intelligence.
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Growth Driver Of The Content Analytics, Discovery and Cognitive Software Market
Rising utilization of cloud-based technology is expected to drive the growth of the content analytics, discovery, and cognitive software market going forward. Cloud-based technology refers to the use of computing resources, including storage, processing power, and applications, that are delivered over the internet (the cloud) rather than being hosted on local servers or personal devices. The integration of content analytics, discovery tools, and cognitive software in cloud-based technology brings forth a multitude of benefits that collectively contribute to creating a more intelligent, efficient, and secure cloud environment.
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Major Players And Market Trends
Key players in the content analytics, discovery and cognitive software market include Google Inc., Microsoft Corporation, Facebook Inc., IBM Inc., Oracle Corporation, SAP SE, Hewlett-Packard Enterprises, Baidu Inc., Adobe Inc., Wipro, OpenText Corporation, Symantec Corporation, SAS Institute Inc., Micro Focus International PLC, Tibco Software Inc., Verint Systems Inc., Coveo Solutions Inc., Lucidworks, Expert System, Basis Technology, Cognitivescale, Attivio, Stratifyd, Mindbreeze, Indico Data Solutions, Squirro, Yseop, Luminoso Technologies, Lexalytics, Smartlogic, Elastic GmbH.
Major companies operating in the content analytics, discovery, and cognitive software sector are focused on developing and implementing new technologies such as AI-first core to meet consumer demand and reinforce their position. AI-first is a strategic approach that puts artificial intelligence (AI) at the center of everything a company does, from conception to execution.
Segments:
1) By Type: Test Software, Information Discovery Software, Deep Learning Software, Others
2) By Deployment Type: On-premises, Cloud
3) By End User: Government & Public Services, Finance, Banking & Insurance Sector, Utilities, Telecommunication Operators, IT & High-Tech ECM Providers, Healthcare & Pharmaceutical Sector, Media & Web Publishing, Retail, Transport, Real Estate
Geographical Insights: North America Leading The Market
North America was the largest region in the content analytics, discovery and cognitive software market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by expanding healthcare facilities and increasing awareness of the benefits of content analytics, discovery and cognitive software.
Content Analytics, Discovery and Cognitive Software Market Definition
The content analytics, discovery, and cognitive software market refers to the software that encompasses technologies designed to analyze and interpret large volumes of data, enabling organizations to gain valuable insights, improve operational efficiency, and drive innovation across various sectors. They are used to offer a wide range of applications, such as machine learning, deep learning, hypothesis generation, entity and relationship extraction, and supervised and unsupervised learning.
Content Analytics, Discovery and Cognitive Software Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Content Analytics, Discovery and Cognitive Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on content analytics, discovery and cognitive software market size, content analytics, discovery and cognitive software market drivers and trends, content analytics, discovery and cognitive software market major players, content analytics, discovery and cognitive software competitors' revenues, content analytics, discovery and cognitive software market positioning, and content analytics, discovery and cognitive software market growth across geographies. The content analytics, discovery and cognitive software market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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