SEOUL-- April 25, 2022 -- As per Fact.MR, 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.

Prospects for IBM Watson services continue to be bullish on the coattails of high traction in healthcare & BFSI sectors, and effectiveness in real-time consumer choice decoding & curtailing process downtime in manufacturing facilities, states the latest Fact.MR study.

Immense Potential of Its Clients In APAC Drags IBM Watson Service Providers To Shape Their Business Future

In various regions, disruptive technologies such as blockchain and cognitive computing have been causing dramatic developments in industrial sectors such as healthcare, finance, and tourism, and APAC is no exception.

Recognizing the enormous potential of its APAC clients in designing their business futures, IBM has announced plans to assist in the commercialization and rapid prototyping of these clients' blockchain and cognitive computing-based solutions.

IBM‘s new APAC headquarters, situated in Singapore, intends to bring together all types of enterprises in the area to develop business solutions using Watson’s cognitive and design capabilities. Over the next few years, APEJ is projected to remain a profitable region for IBM Watson services.

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.”