Worldwide Cognitive Systems, Content Analytics, and Discovery Software Forecast, 2016–2020
This IDC study presents a view of content analytics, discovery, and cognitive systems software revenue from the historical year 2015 through to the five forecast years of 2016–2020. It includes breakdowns by cloud versus on-premise and geographic region."The cognitive systems, content analytics, and discovery software market experienced excellent growth in 2015, and we expect that to continue over the next five years. IDC forecasts the overall market to grow significantly through 2020, exceeding $10 billion in revenue, with a CAGR exceeding 17%," says David Schubmehl, research director at IDC. "Organizations are beginning to actively evaluate cognitive and content analytics solutions as part of their digital transformation strategies, and over time, intelligent applications will be embedded in almost every business process."
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