IBM Watson Services Market By Service Type By Vertical TypeGlobal MarketInsights 2021 to 2031 Copyright © Fact.MR All Rights Reserved
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Report Scope & Segmentation 4 R e p o r t S c o p e The global IBM Watson services market analysis shows that global demand enjoyed year-on-year (YoY) growth of 27% in 2021, to total a market valuation of around US$ 3.2 Bn. IBM Watson language services are expected to dominate the landscape over the coming years. Under end use, the hospital and pharmaceutical sectors are set to experience a growth rate of more than 30% through 2031. D i g i t a l R e m i tt a n c e By Service • IBM Watson Language Services • Consulting • Implementation • Integration Services • Custom DevelopmentApplication • ModernizationApplication & Data Migration • Testing Services • Support • Monitoring • Upgrade • Helpdesk • Governance • Training Region • North America • Latin America • Europe • South East Asia & Pacific • China • India • Middle East & Africa Copyright © Fact.MR All Rights Reserved
The global IBM Watson services market is anticipated to reach a market value of US$ 44.5 Bn by the end of 2031, with an absolute dollar opportunity of US$ 41.3 Mn.
IBM Watson vision services are estimated to progress at a significant CAGR during the forecast period due to high demand from the manufacturing industry.
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Apart from SaaS natured commercialization of Watson technology, the company has also created a separate IBM Watson ecosystem for channeling associated products to target customers.
According to a Fact.MR, analyst, “healthcare and BFSI are pioneer sectors for IBM Watson service adoption due to their real-time data processing attributes,”
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Key Takeaways from the Market Study
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The IBM Watson language service segment is projected to expand at a CAGR of 32% (16X) through 2031.
IBM is strongly focused on partnership agreements to deliver Watson services across regions.
North America leads the global IBM Watson services market accounting for more than 50% of overall revenue generation.
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Competitive Landscape IBM Corporation Accenture PLC Tata Consultancy Services Limited Capgemini SE KPMG International Tech Mahindra Limited DXC Technology Co. Wipro Limited Deloitte Copyright © Fact.MR All Rights Reserved 6 Request For Sample ReportRequest For Sample Report
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