LeapZipBlog: Steve Blade's blog: IBM Watson Services Market Volume Forecast and Value Chain Analysis 2018 to 2028

IBM Watson Services Market Volume Forecast and Value Chain Analysis 2018 to 2028

August 7, 2019 by Steve Blade  

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.

Customer expectations are on the rise, with increased integration of technology into retail models. In order to tap into the upward trend, IBM Watson is leveraging the vigour of cognitive insight and digital technology for offering more personalized user experience. Demand from IBM Watson services will continue to be driven by growing opportunities for cognitive insights in the retail sector in the forthcoming years. A new Fact.MR report has envisaged the IBM Watson services market to reflect an exponential growth over the period of forecast, 2018 to 2028. Sales of IBM Watson services worldwide are foreseen to bring in over US$ 20,000 Mn revenues by 2026-end.

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Table of Content

1. Executive Summary
1.1. Executive Summary
1.2. IBM Watson Services Market Taxonomy
1.3. Highlighting Action Area – Wheel of Fortune

2. Market Introduction
2.1. Market Definition
2.2. Digital Neuron for Enterprise
       2.2.1. Disruption on the way
       2.2.2. Cognitive Computing getting mainstream
       2.2.3. IBM Watson Breaking Grounds
2.3. IBM Watson: The Gap Filled

3. IBM Watson Services Structure Analysis
3.1. IBM Watson Evolution
3.2. IBM Watson Ecosystem
3.3. IBM Watson Architecture
3.4. Value Chain Analysis
3.5. Forecast Factors Analysis
3.6. Service User Survey

4. Global IBM Watson Services Market Outlook and Analysis
4.1. Market Size (2013-2017) and Forecast (2018-2028)

5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Trends
5.4. Opportunity

6. Global IBM Watson Language Services Market Analysis, by Service Type
6.1. Introduction
6.2. Market Size and Forecast
6.3. Absolute $ Opportunity in Global IBM Watson Language Services Market
6.4. IBM Watson Language Services Market Analysis by Service Type
       6.4.1. Market Share Comparison and Forecast
       6.4.2. Y-o-Y Growth comparison
       6.4.3. Market Size and Forecast by Services Type
                6.4.3.1. IBM Watson Language Consulting Services Market
                6.4.3.2. IBM Watson Language Implementation Services Market
                6.4.3.3. IBM Watson Language Support Services Market
       6.4.4. Absolute $ Opportunity by Services Type
                6.4.4.1. IBM Watson Language Consulting Services Market
                6.4.4.2. IBM Watson Language Implementation Services Market
                6.4.4.3. IBM Watson Language Support Services Market

To be Continue..........

IBM Watson gains Momentum by Facilitating Coding of Natural Language Processing

IBM Watson language services are poised to hold bulk shares of the market over the forecast period. IBM Watson integrates real-time computing power & machine learning, into language processing for sifting through immense unstructured data, such as social posts, journals, emails, and documents, for providing solutions faster. Better & improved understanding of communications - particularly natural language processing & translation – is a key agenda of IBM Watson language services, which in turn has propelled their demand among data centers.

Communication service providers (CSPs) are leveraging Watson services, such as natural language conversation and understanding, in not only identifying problems, but also resolving them. Incorporating a discovery process and deep reasoning into conversational system, IBM Watson provides context around differences in conversational agents, and their value offerings to businesses. This has further enables CSPs in winning consumer loyalty by using conversational agents.

In the wake of artificial intelligence (AI), wherein smart and context-specific applications have been introduced, IBM Watson imparts a wide array of services related to natural language that enable extraction of keywords, sentiments, and entities, along with other semantic details in a provided text. Technologies for machine language translation such as IBM Watson’s Language Translator are likely to gain increased demand in the field of automation, while disrupting the global service delivery.

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