Cognitive Computing Technology Market

Cognitive computing is executed through a computer-generated model mimicking the human process of thinking and cognitive ability in the form of simulation over a specialized platform. The process of transforming thoughts into simulation involves systems for self-learning, to extract unstructured data and churn out insightful analytics, to recognize patterns unable to be spotted by the human eye, and to process and identify language formation and structure behind it.
Cognitive Computing Technology Market contains market size and forecasts of Cognitive Computing Technology in Global, including the following market information:
Global Cognitive Computing Technology Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Cognitive Computing Technology market was valued at 9955.7 million in 2021 and is projected to reach US$ 33540 million by 2028, at a CAGR of 18.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Natural Language Processing (NLP) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Cognitive Computing Technology include Google, IBM, Microsoft Corporation, Expert System, SparkCognition, Cisco Systems, HPE, Palantir Technologies and Saffron Technology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Cognitive Computing Technology 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 Technology Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Cognitive Computing Technology Market Segment Percentages, by Type, 2021 (%)
Natural Language Processing (NLP)
Machine Learning
Automated Reasoning
Others
Global Cognitive Computing Technology Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Cognitive Computing Technology Market Segment Percentages, by Application, 2021 (%)
BFSI
Transportation
Retail
Energy & Power
IT & Telecom
Aerospace & Defense
Others
Global Cognitive Computing Technology Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Cognitive Computing Technology Market Segment Percentages, By Region and Country, 2021 (%)
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 Technology revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Cognitive Computing Technology revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Google
IBM
Microsoft Corporation
Expert System
SparkCognition
Cisco Systems
HPE
Palantir Technologies
Saffron Technology
ColdLight Solutions
CognitiveScale
Enterra Solutions
Numenta
Vicarious
CustomerMatrix
DataRobot