The global cognitive services #market is experiencing rapid growth, driven by advancements in #artificialintelligence (AI) and machine learning (ML). Cognitive services are a subset of AI that allow systems to process and interpret data similarly to human cognition, enabling features like speech recognition, image #analysis, natural language processing, and decision-making automation. These technologies are transforming industries by automating tasks, improving decision-making processes, and enhancing customer experiences. In 2023, the global #cognitiveservicesmarket reached a value of USD 16.63 billion, and it is expected to grow at an impressive CAGR of 40.9% from 2024 to 2032, reaching USD 363.91 billion by 2032. For more info: https://www.expertmarketresearch.com/reports/cognitive-services-market
Global Cognitive Services Market Report and Forecast 2024-2032
Increasing number of businesses are taking help of the cognitive services to achieve their goals as cognitive services reduce the efforts required on repetitive tasks and deliver better products and services. This, in turn, is boosting the adoption of cognitive services and supporting the cognitive services market growth.
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