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Cognitive Computing Market Predicted to Achieve USD 333.53 Billion Value by 2032 with 27.2% Growth Rate

05-16-2024 07:03 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Cognitive Computing Market

Cognitive Computing Market

๐‚๐จ๐ ๐ง๐ข๐ญ๐ข๐ฏ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

The growing demand for cognitive computing can be attributed to the progression of the Internet of Things (IoT) and the escalating demand for cognitive systems with extensive firms. Our thorough analysis of the Cognitive Computing Market covers the industry size, share, recent developments, and top trends. Besides, we have in-depth examined all the major regions and segments.

๐“๐ก๐ž ๐‚๐จ๐ ๐ง๐ข๐ญ๐ข๐ฏ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž: The global market for cognitive computing was valued at USD 38.13 billion in 2023 and is projected to grow to USD 333.53 billion by 2032.
๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž: The industry is anticipated to exhibit a compound annual growth rate (CAGR) of 27.2% over the forecast period from 2024-2032.
๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐: The cognitive computing market is primarily segmented based on technology, deployment, application, and region.
๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐: North America, Europe, Asia Pacific, Latin America; Middle East & Africa.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/cognitive-computing-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Cognitive computing is the usage of automated representation to replicate human conviction procedures in intricate situations where the responses might be obscure and unknown. Computers are speedier than humans at refining and computing, but they have to learn some chores, such as comprehending natural language and identifying gadgets in an image. It is an endeavor to have computers imitate the way the human brain operates. The mastering techniques can be utilized for attitude analysis, probability estimations, and face discernment. Further, cognitive computing is especially handy in arenas such as banking, healthcare, finance, and retail.

๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐’๐ง๐š๐ฉ๐ฌ๐ก๐จ๐ญ

Industry players are growingly concentrating on acquiring AI platforms by obtaining proportionately compact industry contestants and alternate ecosystem players. Market leaders in the cognitive computing market are enumerated as follows:

โ€ข Cold Light
โ€ข Cognitive Scale
โ€ข Enterra Solutions
โ€ข Google, Inc.
โ€ข IBM Corporation
โ€ข Microsoft Corporation
โ€ข Oracle Corporation
โ€ข Palantir
โ€ข Saffron Technology

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/236/2

๐‚๐จ๐ ๐ง๐ข๐ญ๐ข๐ฏ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข In 2022, natural language processing segment held the largest revenue share in the cognitive computing market. NLP is widely used in a wide range of applications, including text summarization, sentiment analysis, autocorrection, auto-completion, speech recognition, and a variety of others. NLP technology frequently addresses critical functionalities such as language identification, translation, and hierarchical extraction. Natural language processing's inherent capabilities contribute significantly to the market growth.
โ€ข The cloud deployment segment accounted for the highest market share during the forecast period. Cloud deployment functionality provides numerous benefits, including cost efficiency, stability, reliability, and the elimination of physical servers. These advantages contribute to the reduction of initial Capital Expenditures (CAPEX) and facilitate budget planning, ultimately enhancing the return on investment for organizations.
โ€ข In 2022, North America accounted for the largest market share in the cognitive computing market. Due to increasing economic advancements and increased consumer purchasing power, as well as the prominent presence of industry giants in AI and cognitive computing such as Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure, there is a prevalent trend of deploying their services across various industries.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

โ€ข Technological progression: The progression in flexible technology, with firms globally seeking methodologies to procure important perceptions from the massive repository of digital data.
โ€ข Advancements in R&D: Cognitive computing has acquired massive traction lately as substantial research and development endeavors have notably enhanced the presentation of these technologies.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/cognitive-computing-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐ฏ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฎ๐ญ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐๐ž๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ, ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

Cognitive Computing, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Natural Language Processing
โ€ข Machine Learning
โ€ข Automated Reasoning
โ€ข Others

Cognitive Computing, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข On-Premise
โ€ข Cloud

Cognitive Computing, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Healthcare
โ€ข Retail
โ€ข BFSI
โ€ข IT & Telecom
โ€ข Government & Defense
โ€ข Security
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Parking Management Systems Market: https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market

Over-The-Top Devices and Services Market: https://www.polarismarketresearch.com/industry-analysis/over-the-top-devices-and-services-market

Picture Archiving and Communication Systems Market: https://www.polarismarketresearch.com/industry-analysis/picture-archiving-and-communication-systems-pacs-market

Cryptocurrency Market: https://www.polarismarketresearch.com/industry-analysis/cryptocurrency-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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Cognitive Testing (Cognitive Assessment) Market SWOT Analysis by Key Players: Lu โ€ฆ
2020-2029 Report on Global Cognitive Testing (Cognitive Assessment) Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Cognitive Testing (Cognitive Assessment) Market. Some of theโ€ฆ
02-03-2020 | IT, New Media & Software
TMR Research
Cognitive Analytics Market 2025 | Statistical Analysis System (SAS), Cognitive S โ€ฆ
Global Cognitive Analytics Market: Snapshot To process the unstructured and unprocessed forms of knowledge to draw out sensible meaning is taken as cognitive analytics. The vast amount of data, referrals, and search resources that enterprises generate have large amount of information hidden inside it. In the current days of artificial intelligence (AI), information processing technologies are at epicenter to draw new useful enterprise data, which can be in high volumes, mainlyโ€ฆ
07-13-2018 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Cognitive Computing Market | key players: Palantir, Saffron Technology, Cold Lig โ€ฆ
Latest research study from HTF MI with title Global Cognitive Computing by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global Cognitive Computing Forecast till 2023.โ€ฆ
04-23-2018 | Business, Economy, Finances, B โ€ฆ
Market Research Future
Cognitive Robotics Market 2018 Leading Players: Cognitive Operational Systems, K โ€ฆ
Market Research Future published a research report on โ€œCognitive Robotics Market Research Report - Global Forecast 2023โ€ โ€“ Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights In this rapidly changing world of technology, cognitive robotics market is projected to show major growth prospects during the forecast period. Major factor driving the cognitive robotics market is the increasing adoption of advanced technologies in order to enhance customer service experience. Theโ€ฆ
03-23-2017 | Advertising, Media Consulting, โ€ฆ
Persistence Market Research
Global Cognitive Computing Market
In the ever changing world of information technology, business organizations are left with humongous amount of data with them. This data includes very critical information for business use, but business organizations are only able to utilize 20% of whole data available with them with the use of traditional data analytics technology. To process and interpret the reaming 80% of the data that is in the form of videos, images, andโ€ฆ
03-06-2017 | Advertising, Media Consulting, โ€ฆ
Market Research Store QY
Global Cognitive Systems Spending Market 2017 : Attivio, Wipro, COGNITIVE SCALE โ€ฆ
This report studies the global Cognitive Systems Spending market, analyzes and researches the Cognitive Systems Spending development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like International Business Machines (IBM) Accenture HP Microsoft Intel Corporation The survey report by Market Research Store is an overview of the global Cognitive Systems Spending market. It covers allโ€ฆ