Cognitive Computing Market Overview

The market for cognitive computing was estimated to be worth US$ 19.21 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.76 percent to reach US$ 112.73 billion by 2029.

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Cognitive Computing Market Scope and Methodology:

The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Cognitive Computing industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire Cognitive Computing market and its sub-segments benefiting companies, new entrants, and industry-related companies in the Cognitive Computing market. Cognitive Computing Market analysis identifies current market trends that affect growth and potential.

The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Cognitive Computing industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.

Cognitive Computing Market Regional Insights

In a regional analysis, the Cognitive Computing market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.

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Cognitive Computing Market Segmentation

by Technology

Natural Language Processing
Machine Learning
Automated Reasoning
Others (Information Retrieval)

by Application

Healthcare
BFSI
Retail
Government (Defense)
IT & Telecom
Security
Others

by Deployment Type

On-Premises Software
Cloud-Based Services

by End User

Large Enterprises
Small and Medium Businesses (SMBs)

Because natural language processing is inherently capable of understanding natural language exchanges, it is the most widely utilized technology in the cognitive computing sector. Natural language processing's expansion in the worldwide cognitive computing market is now constrained by the limited uses of automated reasoning and information recovery technologies. Nevertheless, these technologies are searching for novel developments in query searching, probabilistic logic, and artificial intelligence that will further boost the expansion of the cognitive computing sector over the course of the projection year. BFSI and the use of cognitive analytics in healthcare account for a significant portion of the market size for cognitive computing in terms of value.

Cognitive Computing Market Key Players

1.Cisco
2. CognitiveScale
3. Expert System
4. Google
5. IBM Watson
6. Microsoft
7. Numenta
8. Palantir
9. Intel
10. SparkCognition
11. Vicarious
12. Enterra Solutions
13. Saffron Technology
14. Cold Light
15. Cognitive Scale
16. SAS Institute
17. AWS
18. TCS
19. Virtusa
20. Red Skios
21. Artificial Solutions

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Key questions answered in the Cognitive Computing Market are:

• What is Cognitive Computing?
• What was the Cognitive Computing market size in 2023?
• What is the growth rate of the Cognitive Computing Market?
• Which is the fastest-growing region in the Cognitive Computing market?
• Which are the factors expected to drive the Cognitive Computing market growth?
• What is the CAGR at which the Cognitive Computing market will grow during the forecast period?
• What growth strategies are the players considering to increase their presence in Cognitive Computing?
• What are the upcoming opportunities and trends for the Cognitive Computing Market?
• What are the different segments of the Cognitive Computing Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Cognitive Computing Market?
• What segments are covered in the Cognitive Computing Market?
• Who are the key players in the Cognitive Computing market?
• Who are the leading companies and what are their portfolios in Cognitive Computing Market?

  Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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