The Content Analytics, Discovery and Cognitive Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Content Analytics, Discovery and Cognitive Software Global Market Report 2024, The content analytics, discovery and cognitive software market size has grown rapidly in recent years. It will grow from $5.09 billion in 2023 to $6.06 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to escalating production and consumption of content, growing uptake of advanced enterprise content management systems, high demand for personalized content services
The content analytics, discovery and cognitive software market size is expected to see rapid growth in the next few years. It will grow to $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. Major trends in the forecast period include adoption of ai-powered content recommendation systems, expansion of content personalization solutions, integration with marketing automation platforms, rise of predictive analytics for content strategy, development of real-time content insights platforms
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. For example, in November 2022, according to The Bureau of Labor Statistics, a US-based Government agency, expenditure on public cloud services increased from $270 billion in 2020 to $332.3 billion in 2021 and then to $397.5 billion in 2022, representing a 23.1% growth rate. Therefore, the rising utilization of cloud technologies is expected to contribute to the growth of the content analytics, discovery, and cognitive software market.
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The content analytics, discovery and cognitive software market covered in this report is segmented –
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
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. For example, in May 2023, Infosys, an India-based information technology company, launched Infosys Topaz, an AI-first offering aimed at accelerating business value for global enterprises using generative AI technologies. This comprehensive suite of services, solutions, and platforms leverages generative AI to amplify the potential of humans, enterprises, and communities, enabling them to tap into the next generation of opportunities and create value from connected ecosystems and pervasive efficiencies. Infosys Topaz is designed to empower people to deliver cognitive solutions that accelerate value creation, and it converges the power of Infosys Cobalt cloud, data analytics, and AI to revitalize growth and create intuitive experiences.
The content analytics, discovery and cognitive software market report table of contents includes:
1. Executive Summary
2. Content Analytics, Discovery and Cognitive Software Market Characteristics
3. Content Analytics, Discovery and Cognitive Software Market Trends And Strategies
4. Content Analytics, Discovery and Cognitive Software Market – Macro Economic Scenario
5. Global Content Analytics, Discovery and Cognitive Software Market Size and Growth
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26. South America Content Analytics, Discovery and Cognitive Software Market
27. Brazil Content Analytics, Discovery and Cognitive Software Market
28. Middle East Content Analytics, Discovery and Cognitive Software Market
29. Africa Content Analytics, Discovery and Cognitive Software Market
30. Content Analytics, Discovery and Cognitive Software Market Competitive Landscape And Company Profiles
Top Major Players:
- Google Inc.
- Microsoft Corporation
- Facebook Inc.
- IBM Inc
- Oracle Corporation
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