openPR Logo
Press release

Cognitive Systems Market worth $78.39 billion by 2030, growing at a CAGR of 9.39% - Exclusive Report by 360iResearch

06-13-2024 02:24 PM CET | IT, New Media & Software

Press release from: 360iResearch

Cognitive Systems Market | 360iResearch

Cognitive Systems Market | 360iResearch

The "Cognitive Systems Market by Components (Services, Software), Applications (BFSI, Healthcare, IT & Telecommunications) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/cognitive-systems?utm_source=openpr&utm_medium=referral&utm_campaign=sample

"Rapid Growth in Cognitive Systems Market Driven by Technological and Regulatory Support"

The cognitive systems market is experiencing significant growth fueled by increasing product demand, supportive regulatory policies, and an expanding array of end-user applications. Businesses across various sectors, including healthcare, finance, retail, and manufacturing, are turning to cognitive technologies to enhance decision-making, streamline operations, and drive innovation. Government regulations are creating a favorable environment by providing guidelines for the ethical use of these technologies. The prevalence of advanced technologies such as artificial intelligence, machine learning, and big data analytics is making cognitive systems more accessible and effective. Additionally, strategic partnerships and collaborations are enhancing product offerings and extending market reach, while high penetration rates in developed economies showcase the robust infrastructure supporting this growth. The economic advantages of cognitive systems, which reduce operational costs and improve efficiency, further position them as a cost-effective alternative to traditional solutions.

"Challenges Hindering the Growth of the Cognitive Systems Market: Cost, Standardization, and Integration Issues"

The cognitive systems market is currently facing several critical challenges that are restraining its growth. A significant barrier is the lack of standardization across products, which results in interoperability issues and higher integration costs for businesses, thereby slowing adoption rates and market expansion. Additionally, the high price of cognitive systems, driven by substantial hardware and software investments, limits accessibility mostly to large enterprises, making it difficult for small and medium-sized businesses to adopt these technologies. Compatibility issues with existing legacy systems further complicate integration, leading to increased operational costs and complexities. The availability of alternate technologies, such as traditional data analysis tools and simpler machine learning models, also dilutes demand for advanced cognitive systems. Lastly, the slow commercialization process, due to the technology's complexity, has kept many businesses in the experimental phase, hindering full-scale implementation and broader market penetration.

"Pioneering Advances in Cognitive Systems Propel Industry Innovation and Market Expansion"

Recent developments in artificial intelligence, machine learning, and neural networks are revolutionizing cognitive systems, providing enhanced data analysis, natural language processing, and predictive analytics capabilities. These advancements present significant opportunities for businesses to innovate and improve efficiency. Increased public and private sector investments in research and development are accelerating the creation of cutting-edge solutions, fostering innovation, and enabling more effective cognitive technologies. Cognitive systems are now being utilized across various industries, including healthcare, finance, retail, manufacturing, and customer service, highlighting their versatility and broad potential. Collaborative efforts among tech companies, academic researchers, and industry leaders are driving these innovations, supported by favorable government policies and initiatives that reduce barriers and encourage adoption. Additionally, a dynamic start-up ecosystem, bolstered by funding and mentorship programs, is leading the way in exploring novel applications and disruptive technologies. Advances in production technologies are making these systems more scalable and cost-effective, allowing businesses of all sizes to benefit from the deployment of cognitive solutions.

"Challenges in Cognitive System Development: Complexity, Counterfeiting, and Sustainability"

Cognitive system development is inherently complex, requiring intricate research, cutting-edge algorithms, and the seamless integration of various hardware and software components. This complexity often leads to higher costs, extended development timelines, and increased risk of technical failures, including ongoing efforts to detect and address bugs to ensure system reliability. Additionally, the proliferation of counterfeit products dilutes market quality, undermining consumer confidence and damaging the reputation of genuine manufacturers. Furthermore, the environmental impact of producing cognitive systems-from the mining of rare earth materials to high energy consumption and electronic waste-places significant pressure on manufacturers to adopt sustainable practices, failing which could lead to regulatory penalties and negative public perception. Integrating these advanced systems into existing infrastructures also presents challenges, often causing downtimes and operational inefficiencies if not handled with care and precision. Lastly, the sector faces a noted shortage of skilled professionals in artificial intelligence, data science, and software engineering, complicating recruitment and retention efforts and contributing to project delays and increased labor costs. Addressing these multifaceted issues is critical for the sustainable and successful advancement of cognitive systems.

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/cognitive-systems?utm_source=openpr&utm_medium=referral&utm_campaign=inquire

Market Segmentation & Coverage:

This research report categorizes the Cognitive Systems Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Components, market is studied across Services and Software.

Based on Applications, market is studied across BFSI, Healthcare, IT & Telecommunications, Manufacturing, and Retail.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Company Profiles:

The report delves into recent significant developments in the Cognitive Systems Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services Inc., Baidu Inc., Cisco Systems Inc., CognitiveScale, Dell Technologies Inc., Deloitte LLP, Enterra Solutions LLC, Expert System S.p.A., General Electric Company, Hewlett Packard Enterprise Development LP, Infosys Limited, Intel Corporation, International Business Machines Corporation, Nokia Corporation, Nuance Communications Inc., Numenta Inc., Oracle Corporation, Salesforce Inc., SAP SE, SAS Institute Inc., Tata Consultancy Services Limited, ThoughtSpot Inc., TIBCO Software Inc., and Wipro Limited.

Introducing Query Query: Revolutionizing Market Intelligence with AI-Powered Insights for the Cognitive Systems Market

We proudly unveil Query Query, a cutting-edge AI product designed to transform how businesses interact with the Cognitive Systems Market. Query Query stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, Query Query is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Cognitive Systems Market. Embrace the future of market analysis with Query Query, where informed decisions lead to remarkable growth.

Ask Question to Query Query @ https://www.360iresearch.com/library/intelligence/cognitive-systems?utm_source=openpr&utm_medium=referral&utm_campaign=query

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cognitive Systems Market, by Components
7. Cognitive Systems Market, by Applications
8. Americas Cognitive Systems Market
9. Asia-Pacific Cognitive Systems Market
10. Europe, Middle East & Africa Cognitive Systems Market
11. Competitive Landscape
12. Competitive Portfolio

Read More @ https://www.360iresearch.com/library/intelligence/cognitive-systems?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

This release was published on openPR.

Permanent link to this press release:

Copy
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 worth $78.39 billion by 2030, growing at a CAGR of 9.39% - Exclusive Report by 360iResearch here

News-ID: 3538087 • Views:

More Releases from 360iResearch

Bladder Cancer Therapeutics Market worth $8.49 billion by 2030, growing at a CAGR of 7.23% - Exclusive Report by 360iResearch
Bladder Cancer Therapeutics Market worth $8.49 billion by 2030, growing at a CAG …
The "Bladder Cancer Therapeutics Market by Treatment Type (Chemotherapy, Gene Therapy, Immunotherapy), Bladder Cancer Type (Invasive Bladder Cancer, Squamous Cell Bladder Cancer, Superficial Bladder Cancer), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering. Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/bladder-cancer-therapeutics?utm_source=openpr&utm_medium=referral&utm_campaign=sample Bladder cancer therapeutics involve various medical treatments including surgery, chemotherapy, radiation, immunotherapy, targeted therapy, and newer options such as gene therapy and precision medicine. These are essential due
Car Electronics & GPS Market worth $145.93 billion by 2030, growing at a CAGR of 7.28% - Exclusive Report by 360iResearch
Car Electronics & GPS Market worth $145.93 billion by 2030, growing at a CAGR of …
The "Car Electronics & GPS Market by Component (Hardware, Software), Car type (Commercial Car, Passenger Car), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering. Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/car-electronics-gps?utm_source=openpr&utm_medium=referral&utm_campaign=sample The Car Electronics and Global Positioning System (GPS) market encompasses various electronic devices and systems designed for vehicles, enhancing functionality, safety, convenience, and entertainment. It includes components such as GPS navigation, infotainment systems, Advanced Driver Assistance Systems
Digital Patient Monitoring Devices Market worth $498.68 billion by 2030, growing at a CAGR of 25.19% - Exclusive Report by 360iResearch
Digital Patient Monitoring Devices Market worth $498.68 billion by 2030, growing …
The "Digital Patient Monitoring Devices Market by Type (Ambulatory Patient Monitoring, Hospital Inpatient Monitoring, mHealth), Product (Diagnostic Monitoring Devices, Therapeutic Monitoring Devices), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering. Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/digital-patient-monitoring-devices?utm_source=openpr&utm_medium=referral&utm_campaign=sample Digital Patient Monitoring Devices (DPMDs) encompass technologies for the digital collection, storage, and communication of patient health information, including wearables, remote monitoring devices, and implantables used in both healthcare settings and
Electroactive Polymers Market worth $7.29 billion by 2030, growing at a CAGR of 6.21% - Exclusive Report by 360iResearch
Electroactive Polymers Market worth $7.29 billion by 2030, growing at a CAGR of …
The "Electroactive Polymers Market by Type (Conductive Plastics, Inherently Conductive Polymers, Inherently Dissipative Polymers), Application (Actuators, Batteries, Electromagnetic Interference Shielding) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering. Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/electroactive-polymers?utm_source=openpr&utm_medium=referral&utm_campaign=sample Electroactive Polymers (EAPs) are polymers that alter their size or shape when stimulated by an electric field, converting electrical energy into mechanical energy and vice versa. Their flexibility, resilience, and potential for miniaturization make

All 5 Releases


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