Cognitive Computing Market: Revolutionizing Artificial Intelligence with Human-Like Thought Processes - Evolve Business Intelligence Study

As per the study initiated by Evolve Business Intelligence, the global Cognitive Computer market size accounted for USD 30.1 Billion in 2022, growing at a CAGR of 32.1% from 2023 to 2033. The cognitive computing market refers to the global market for technologies and solutions that enable computers to mimic the human thought process. These solutions leverage various artificial intelligence techniques such as natural language processing, machine learning, and computer vision to enable machines to understand, reason, and learn from data. The cognitive computing market is driven by factors such as the increasing demand for intelligent systems that can analyze large volumes of data, the growing adoption of cloud-based technologies, and the emergence of the Internet of Things. The market includes various products and services such as software platforms, hardware devices, and professional services. It finds applications in various industries such as healthcare, banking and finance, retail, and manufacturing, among others. The market is expected to experience significant growth in the coming years, as cognitive computing technologies continue to advance and find new use cases in different industries.
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Key Highlights:
• The global Cognitive Computer Market size was valued at USD 30.1 billion in 2022 growing at a CAGR of 32.1% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Cognitive Computer Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Cognitive Computer market report also includes the following data points:
• COVID19 Impact on Cognitive Computer market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Cognitive Computer market
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Key Players
Some of the major Cognitive Computer players holding high market share include Expert System S.p.A., SparkCognition Inc, Microsoft Corporation and Numenta. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Expert System S.p.A.
• SparkCognition Inc
• Microsoft Corporation
• Numenta
• International Business Machines Corporation
• Cisco Systems
• DeepMind Technologies Limited
• CustomerMatrix Inc
• Planet labs
• Airware
• Google
• CognitiveScale
• Saffron Technology
• Enterra Solutions LLC
• ColdLight Solutions
• Palantir Technologies
• Hewlett Packard Enterprise
Segmental Analysis
Market Segment By Technology with focus on market share, consumption trend, and growth rate of Cognitive Computer Market:
o Natural Language Processing
o Machine Learning
o Automated Reasoning
o Information Retrieval
Market Segment By Application with focus on market share, consumption trend, and growth rate of Cognitive Computer Market:
o BFSI
o Healthcare
o Security
o Retail
o IT & Telecom
o Aerospace & Defense
o Others
Market Segment By Deployment with focus on market share, consumption trend, and growth rate of Cognitive Computer Market:
o On-premises
o Cloud
Parameters Details
Market Size (2022) $ 30.1 Billion
CAGR (2023 to 2033) 32.1%
Market Segmentation Type, Application and deployment
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Cognitive Computer Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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