Worldwide Cognitive Software Platforms Forecast, 2015-2019: The Emergence of a New Market

Worldwide Cognitive Software Platforms Forecast, 2015-2019: The Emergence of a New Market

  • September 2015 •
  • 11 pages •
  • Report ID: 3453591 •
  • Format: PDF
This IDC study introduces a new class of software known as cognitive software platforms and presents a view of revenue for this market from the historical year 2014 through the five forecast years of 2015-2019."Unstructured and semistructured data is fueling a renaissance in the handling and analysis of information, resulting in a new generation of tools and capabilities that promise to offer intelligent assistance, advice, and recommendations to consumers and knowledge workers around the world. These cognitively enabled solutions are being developed and implemented on cognitive software platforms that offer the tools and capabilities to extract and build knowledge bases and knowledge graphs from unstructured and semistructured information as well as provide predictions, recommendations, and intelligent assistance through the use of machine learning, artificial intelligence, and deep learning. The market for these cognitive software platforms is just beginning, and IDC forecasts strong growth from its inception in 2014 to a multibillion-dollar market in 2019. IDC expects the overall market to grow significantly in the 2015-2019 forecast period, at a CAGR of approaching 35%," says David Schubmehl, research director at IDC.