Cognitive Computing Market, Global Outlook and Forecast 2023-2029
Cognitive Computing is completely changing the way organization use their big data in each verticals, especially in industries like Healthcare, BFSI and Customer services. This is big revolution in global information technology market and holds very strong potential of growth. The Cognitive Computing enables a machine to think, interpret and infer information like a human brain. The biggest advancement in this market is IBM?s Watson Cognitive Computing. There are few players in the market that have developed the technique of integrating cognitive computing with internet of things (IoT).
This report aims to provide a comprehensive presentation of the global market for Cognitive Computing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cognitive Computing. This report contains market size and forecasts of Cognitive Computing in global, including the following market information:
Global Cognitive Computing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Cognitive Computing market was valued at US$ 7860.4 million in 2022 and is projected to reach US$ 29200 million by 2029, at a CAGR of 20.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The cognitive computing basically works on the principle of neocortex, a part of human brain that plays a big role in the decision making by analyzing the behaviors of a human being and makes decision on the basis of time series analysis. The computer systems that we are using today are consulting us the way we already programed them but cognitive computing systems are completely different, they works on the machine learning algorithms and natural language processing. This unique feature of cognitive computing is enabling business organizations to use immense amount of dark data available with them.
We surveyed the Cognitive Computing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cognitive Computing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Cognitive Computing Market Segment Percentages, by Type, 2022 (%)
Natural Language Processing (NLP)
Machine Learning
Automated Reasoning
Others Technologies
Global Cognitive Computing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Cognitive Computing Market Segment Percentages, by Application, 2022 (%)
SMBs
Large Enterprises
Global Cognitive Computing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Cognitive Computing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cognitive Computing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Cognitive Computing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Google
IBM
Microsoft
Palantir
Saffron Technology
Cold Light
Cognitive Scale
Enterra Solutions
Numenta
Vicarious
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cognitive Computing, market overview.
Chapter 2: Global Cognitive Computing market size in revenue.
Chapter 3: Detailed analysis of Cognitive Computing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cognitive Computing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
