Cognitive Systems Market to Reach US$ 201.1 Billion by 2028 | CAGR of 30.94%
Cognitive systems refer to innovative technologies that use cognitive computing, natural language processing (NLP), and machine learning (ML) to enhance the interaction between humans and machines. They can perform various tasks, such as reading, writing, speaking, visualizing, listening, and learning. Cognitive systems are widely used in brain-machine interfaces, sensory prostheses, software and robotic assistants, autonomous vehicles, production systems, and wireless networks. They aid in understanding complex content, enable natural interaction with humans, make unstructured data usable, and allow continuous learning. Cognitive systems can take context into account, consider conflicting information, and analyze various inputs, such as reasoning, senses, and verbal cues, to draw conclusions and provide optimal solutions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/cognitive-systems-market/requestsample
The significant growth in the banking, financial services, and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Cognitive systems are widely used to analyze big data, predict potential changes in business strategies, offer decision-making support, prevent fraud, improve loan underwriting, increase automation, and provide customized investment ideas. In line with this, the widespread product adoption due to growing digital banking trends to improve customer service, recognize natural language queries, and provide guidance to service agents during customer communication is acting as another growth-inducing factor. Furthermore, increasing utilization of cognitive systems in the healthcare industry to improve health information sharing, allow physicians to make better diagnosis and treatment decisions, identify the most critical attributes of a medical case, create personalized treatment plans, and uncover new insights into diseases, is providing an impetus to the market growth.
Additionally, the recent development of the cognitive Internet of things (IoT) provides advanced, intelligent, and interactive programming compared to the traditional IoT and can enhance the efficiency of sensor-driven systems, such as wearables, connected cars, and smart homes through learning, pattern recognition, and faster data processing, which is positively influencing the market growth. Moreover, the increasing product demand in industries to optimize manufacturing processes, improve productivity, reduce downtime, minimize operating costs, automate routine tasks, and generate actionable insights for decision-making, is propelling the market growth. Other factors, including widespread product utilization in education and retail sectors and the increasing demand for the solution to identify criminal activities, are anticipated to drive the market growth.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/cognitive-systems-market
Competitive Landscape with Key Players:
• International Business Machines (IBM) Corporation
• Infosys Limited
• HP Inc
• Microsoft Corporation
• SAP SE
Breakup by Product Type:
Breakup by End-Use Sector:
• Banking Sector
• Retail Sector
• Healthcare Sector
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cognitive Systems Market to Reach US$ 201.1 Billion by 2028 | CAGR of 30.94% here
News-ID: 2847013 • Views: 258
More Releases from IMARC Group
Edtech Market Size, Top Companies, Revenue by 2028 , Driven by The Inflating Dig …
The latest research study "Edtech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global edtech market size reached US$ 194.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 452.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028. Education technology (EdTech) refers to the technology used to deliver education virtually. It consists of hardware
Physical Security Market To Exceed US$ 171.4 Billion by 2028, Exhibiting a Growt …
The latest research study "Physical Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that The global physical security market size reached US$ 116.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 171.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028. Physical security is used to protect physical assets, personnel, software, hardware, networks, and property
Fintech Market Size To Surpass US$ 449.1 Billion by 2028 | CAGR of 17.7%
The latest research study by IMARC Group, "Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" offers a comprehensive analysis of the industry, which comprises insights on global fintech industry report. The market size reached US$ 158.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 449.1 Billion by 2028, exhibiting a growth rate (CAGR) of 17.7% during 2023-2028. Fintech refers to financial
Audio CODEC Market to Reach US$ 8.1 Bn by 2028 Emerging at a CAGR of 3.93% and F …
The latest research study "Audio CODEC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the the global audio CODEC market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.93% during 2023-2028. Audio coder-decoder or audio CODEC refers to computer-based applications and integrated circuits (IC)
More Releases for Cognitive
Cognitive Testing (Cognitive Assessment) Market SWOT Analysis by Key Players: Lu …
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 the
Cognitive Analytics Market 2025 | Statistical Analysis System (SAS), Cognitive S …
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, mainly
Cognitive Computing Market | key players: Palantir, Saffron Technology, Cold Lig …
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.
Cognitive Robotics Market 2018 Leading Players: Cognitive Operational Systems, K …
Market Research Future published a research report on “Cognitive Robotics Market Research Report - Global Forecast 2023” – 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. The
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, and
Global Cognitive Systems Spending Market 2017 : Attivio, Wipro, COGNITIVE SCALE …
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 all