Otherwise witnessing a decline of the core business, IBM is relying on the success of Watson Analytics in not only healthcare but in analytics, security and Internet of Things (IoT). Albeit consequential uncertainty, implementation of Watson Analytics in healthcare has significantly revolutionized the sector by assisting both patients and healthcare professionals. In addition, through advanced marketing with authentic content, IBM has gained immense traction. For offering a more personalized user experience, IBM is venturing into cognitive insight and digital technology to meet evolving consumer expectations. The retail sector is the largest end user expecting to leverage cognitive analytics and demand for IBM Watson services will continue to rise in future.
In this regard, the IBM Watson services market is estimated to witness an impressive growth rate at a CAGR of 29.6% during the forecast period of 2018 – 2028. The aforementioned insights are mentioned in the report, titled “IBM Watson Services Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, added in the market research repository of XploreMR.
Although in its emerging phase, cognitive computing technology is expected to have significant influence and can transform the operational capabilities of various business and industry verticals. With the leading business titans joining IBM, for instance, Deloitte, to exploit and leverage the technology to overcome business shortcomings, IBM Watson services market will witness a colossal growth in the foreseeable future.
IBM Watson Services Market: Scope of the Report
The report on the IBM Watson services market delivers the most credible and go-to forecast during the forecast period. A comprehensive assessment of all the vital segments aptly complements the forecasted performance of the market in future. With the inclusion of a strong historical study, future scope of the market expansion and developments has been assessed on the basis of the current evaluated market size. An exhaustive analysis of the market growth drivers, restraints, trends, and opportunities that hold significant influence on the market progress has been discussed.
A systematic segmentation of the IBM Watson services market report provides the readers with a seamless understanding of the market. Every segment of the report has a devoted section which discusses the segment-specific regional market. With the extensive tracking of all the metrics of the market segments and assessed geographies, a market attractiveness analysis is prepared which, in turn, supplements the insights provided in this report. Thorough analysis as such serves as a veritable guide for the market stakeholders interested in the progress of the IBM Watson services market.
IBM Watson Services Market: Research Methodology
The research methodology applied in the report included a systematic and sophisticated analytical approach to derive the market size in terms of value and volume. Against the backdrop of exhaustive primary as well as secondary research, the market forecast is derived. The secondary research comprised of a thorough study of the reputable paid sources, industry body databases, and trade journals whereas observations, interviews, and surveys of the seasoned analysts working in particular market domain constituted primary research.
Along with a dashboard of important market players, their notable developments in terms of business strategies such as mergers, acquisition, partnership, updates, and geographical outreach are compiled during the research. The methodology of research as such delivers the readers with the most valid and cogitable forecast of the IBM Watson services market for the forecast period of 2018 - 2028.