Worldwide Spending on Cognitive Systems Forecast to Soar to More Than Billion in 2019 …

FRAMINGHAM, Mass.–(BUSINESS WIRE)–International Data Corporation (IDC) has identified cognitive computing as one of six Innovation Accelerators that will drive digital transformation by opening new revenue streams, creating information-based organizations, and changing the way work is performed. In the new Worldwide Semiannual Cognitive Systems Spending Guide, IDC forecasts global spending on cognitive systems will reach nearly $31.3 billion in 2019 with a five year compound annual growth rate (CAGR) of 55%. The new spending guide expands on IDC’s previous cognitive software forecasts by including expenditures for cognitive-related hardware and services. The spending guide also provides greater detail on spending for cognitive systems by geography, industry, and use case. More than 40% of all cognitive systems spending throughout the forecast will go to software, which includes both cognitive applications (i.e., text and…


Link to Full Article: Worldwide Spending on Cognitive Systems Forecast to Soar to More Than Billion in 2019 …

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!