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 aims to provide a comprehensive presentation of the global market for Cognitive Computing Technology, 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 Technology. 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, 2018-2023, 2024-2030, ($ millions)

Global top five companies in 2022 (%)

The global Cognitive Computing Technology market was valued at US$ 9955.7 million in 2022 and is projected to reach US$ 33540 million by 2029, at a CAGR of 18.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

At present, the market is highly dominated by North America. The reason behind high market share of North America is the technological advancements and growing volume of unstructured data. Additionally, heavy investments in research & development from the leading vendors are also helping in the market to develop.

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, 2018-2023, 2024-2030 ($ millions)

Global Cognitive Computing Technology Market Segment Percentages, by Type, 2022 (%)

Natural Language Processing (NLP)

Machine Learning

Automated Reasoning

Others

Global Cognitive Computing Technology Market, by Application, 2018-2023, 2024-2030 ($ millions)

Global Cognitive Computing Technology Market Segment Percentages, by Application, 2022 (%)

BFSI

Transportation

Retail

Energy & Power

IT & Telecom

Aerospace & Defense

Others

Global Cognitive Computing Technology Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)

Global Cognitive Computing Technology 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 Technology revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Cognitive Computing Technology revenues share in global market, 2022 (%)

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Cognitive Computing Technology, market overview.

Chapter 2: Global Cognitive Computing Technology market size in revenue.

Chapter 3: Detailed analysis of Cognitive Computing Technology 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 Technology 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.