IBM Watson Services Market to Rake in Revenue of US$ 2 Bn by 2026
The IBM Watson services market is forecasted to behold substantial growth during the assessment period (2018 to 2028), according to a new market study by XploreMR. IBM's cognitive platform, known as Watson, is finding adoption in a wide range of sectors including, but not limited to, analytics, security, and the internet of things (IoT). This surging adoption in these potential areas is expected to remain the primary growth attribute while growing demand for cognitive insight, digital technology, and personalized user experience promise remunerative opportunities in the years to come.
Moreover, due to the decline of IBM's core business, the organization is now shifting focus to other sectors such as healthcare and analytics, which have been identified as potential areas. On the back of the aforementioned factors, the IBM Watson services will rake in a revenue of more than US$ 2 Bn by the end of 2026.
Integration in Healthcare Sector Promises Remunerative Growth
Advancements in the IBM Watson ecosystem are powering analytics and data with long-term value. Watson is offering value to oncology, suggesting tailored treatment procedures for patients on account of their unique medical records. Watson facilitates healthcare professionals in crunching large data volumes for identifying effective treatments with high success probability, thereby witnessing increased penetration in the industry.
Finance organizations such as Citi have partnered with Watson for exploring use of its technology in consumer banking solutions. Managing regulatory and compliance controls have been made simple for these organizations post-development of cognitive technologies dedicated for consumer insight. This has created new opportunities for IBM Watson in the banking & finance sector.
A recently compiled XploreMR study propounds a ten-year forecast on IBM Watson services market for the period between 2018 and 2028. This all-inclusive and holistic research examines IBM Watson services market in detail, providing an exhaustive analysis on key factors impacting present as well as future growth of the market.
IBM Watson services: Taxonomy
IBM Watson Services Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028Buy Now
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