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Global Cognitive Computing
Market Report
2025
Cognitive Computing Market will be USD 18.2 billion in 2024 and expand at a compound annual growth rate (CAGR) of 29.1 % from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Cognitive Computing Market will be USD 18.2 billion in 2024 and expand at a compound annual growth rate (CAGR) of 29.1 % from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Cognitive Computing Market Sales Revenue | 121212 | 121212 | 121212 | 29.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by Deployment Mode |
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Market Split by Organization Size |
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Market Split by Business Functions |
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Market Split by Industry Vertical |
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List of Competitors |
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Report scope is customizable as we have a huge database of Cognitive Computing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Cognitive Computing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Cognitive computing is a subfield of Artificial Intelligence (AI) that involves the creation of computer systems capable of replicating human-like cognitive functions. These systems use a variety of techniques, including as machine learning, natural language processing, pattern recognition, and data mining, to understand, reason, learn, and interact with people in ways that are similar to human brain processes. Cognitive computing seeks to tackle complicated issues by processing and analyzing massive volumes of data, making intelligent judgments, and constantly improving performance based on new information and experiences. In addition, cognitive computing is widely used in the BFSI, healthcare, energy & electricity, retail, e-commerce, and other industries. The cognitive computing industry is driven primarily by an increase in the volume of unstructured data and technological improvements. The cognitive computing market is predicted to rise due to cloud-based technical improvements, the development of innovative hardware and software systems, and cognitive experience interfaces.
Key Drivers for Cognitive Computing Market
Growing investments in big data analytics - Increasing investments in big data analytics are expected to be a major driver of growth in the global cognitive computing market throughout the forecast period. As organizations generate and collect huge volumes of data, there is a rising recognition of its importance in generating important insights and making educated decisions. Big data analytics is critical for processing and analyzing large datasets, revealing patterns, trends, and correlations that might otherwise go unnoticed. Cognitive computing extends big data analytics by using artificial intelligence and advanced algorithms to analyze, learn from, and interpret data, hence improving analytical skills. Organizations that integrate cognitive computing can obtain deeper insights and a thorough understanding of their data, allowing them to make more exact predictions and optimize their business strategy. As the demand for advanced data analytics solutions grows, the worldwide cognitive computing market is predicted to expand significantly, driven by increased use of big data analytics and a desire to realize the promise of data-driven decision-making fully.
Increased usage of cognitive computing across industries.
Key Restraints for Cognitive Computing Market
Limited finance access and hefty initial investments.
The high expense of installing cognitive computing systems.
We have various report editions of Cognitive Computing Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In June 2023, Wisedocs, an AI software platform for insurance, has launched its AI Medical Summary Platform. The platform builds on their medical record review software, allowing insurance companies to swiftly summarize massive numbers of medical records and get insights for more efficient and cost-effective assessments and choices.
(Source: https://www.wisedocs.ai/blogs/medical-record-summary-platform-generative-ai)
Top Companies Market Share in Cognitive Computing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, in 2023, North America dominated the cognitive computing industry in terms of revenue share. This expansion is due to the widespread adoption of integrated cloud platforms and the creation of new business models. Robust government regulations in the United States and Canada are likely to highlight the importance of data security, hastening the deployment of these systems throughout the region.
The Asia Pacific market is expected to develop at the greatest CAGR during the forecast period. The increased investment by major enterprises and the government in the development of Al-based projects is likely to accelerate demand for cognitive services considerably. According to Tsinghua University, in 2017, Chinese Al organizations raised around USD 27.7 billion for Al and cognitive technologies and services.
The current report Scope analyzes Cognitive Computing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Cognitive Computing Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cognitive Computing Industry growth. Cognitive Computing market has been segmented with the help of its Component , Technology Application , and others. Cognitive Computing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Cognitive Computing market is typically segmented by Component , which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Component allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Component of Cognitive Computing analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cognitive Computing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the natural language processing segment had the highest revenue share in 2023. The natural language processing segment is predicted to have a large global share during the projection period. In keeping with current trends, the emergence of NLP has aided cognitive technology in propelling IT infrastructure globally. Furthermore, the growing use of smart assistants like Siri and Alexa, as well as the use of predictive text, has expanded the reach of cognitive computing solutions.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Cognitive Computing Market is witnessing significant growth in the near future.
In 2023, the Platform segment accounted for noticeable share of global Cognitive Computing Market and is projected to experience significant growth in the near future.
The Machine Learning (ML) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft (US) , IBM (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Platform, Service, Managed Services, Professional Services |
Technology | Machine Learning (ML), Human Computer Interaction, Computer Vision, Machine Vision, Robotics, Natural Language Processing (NLP), Deep Learning, Prescriptive and Predictive Modeling, Decision Making |
Application | Automation, Intelligent Virtual Assistants, Behavioral Analysis, Biometrics, Others (eLearning and smart education and eTherapy) |
Deployment Mode | On-premise, Cloud, Hybrid |
Organization Size | Large Enterprises, Small and Medium-Sized Enterprise X (SMEs) |
Business Functions | Human Resources (HR), Legal, Finance, Marketing and Advertising |
Industry Vertical | BFSI, Retail and eCommerce, Telecommunication and IT, Healthcare and Life Sciences, Manufacturing, Government and Defense, Media and Entertainment, Travel and Hospitality, Others (Energy and Utilities, Transportation and Logistics, and Education) |
List of Competitors | Microsoft (US), Google (US), IBM (US), Numenta (US), SAS Institute (US), AWS (US), Enterra Solutions (US), CognitiveScale (US), SparkCognition (US), TCS (India), Expert System (US), Cisco (US), Virtusa (US), Cognitive Software Group (Australia), Red Skios (Spain), Artificial Solutions (Sweden), Acuiti (Australia), Vantage Labs (US), E-Zest (India), BurstiQ (US) |
This chapter will help you gain GLOBAL Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review Global Cognitive Computing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review North America Cognitive Computing Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review Europe Cognitive Computing Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review Asia Pacific Cognitive Computing Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review South America Cognitive Computing Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review Middle East Cognitive Computing Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Cognitive Computing. Further deep in this chapter, you will be able to review Middle East Cognitive Computing Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Cognitive Computing. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
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Chapter 11 Market Split by Technology Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
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Chapter 13 Market Split by Deployment Mode Analysis 2021 - 2033
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Chapter 14 Market Split by Organization Size Analysis 2021 - 2033
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Chapter 15 Market Split by Business Functions Analysis 2021 - 2033
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Chapter 16 Market Split by Industry Vertical Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cognitive Computing market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 18 Research Methodology and Sources
Why Platform have a significant impact on Cognitive Computing market? |
What are the key factors affecting the Platform and Service of Cognitive Computing Market? |
What is the CAGR/Growth Rate of Machine Learning (ML) during the forecast period? |
By type, which segment accounted for largest share of the global Cognitive Computing Market? |
Which region is expected to dominate the global Cognitive Computing Market within the forecast period? |
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