Press release
Cognitive Systems Global Market Analysis, Trends, Growth, Research And Forecast 2033
Cognitive Systems Global Market Analysis
According to The Business Research Company's, The cognitive systems market size has grown rapidly in recent years. It will grow from $38.33 billion in 2023 to $42.5 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to rise in crime rates, regulatory compliance requirements, increased awareness of security risks, integration with building management systems, remote monitoring and management.
The cognitive systems market size is expected to see strong growth in the next few years. It will grow to $60.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to artificial intelligence (AI) integration, cloud-based solutions, smart city initiatives, biometric access control growth, focus on sustainability. Major trends in the forecast period include cybersecurity concerns, technological advancements, integration with access control systems, biometric authentication, artificial intelligence (AI) for video analytics.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/cognitive-systems-global-market-report
Market Drivers and Trends:
The increasing demand for automation is expected to propel the growth of the cognitive systems market going forward. Automation refers to the creation and application of tools and systems that can operate with little to no need for manual intervention. Cognitive systems are used in robotics and automation, enabling machines to perform complex tasks more efficiently and effectively by providing them with the ability to monitor and analyze complex processes and handle unstructured data to improve their performance over time. For instance, in September 2023, according to the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, the total number of service robots sold for professional use hit 158,000 units in 2022-an increase of 48%. Further, it is recorded that 553,052 industrial robot installations are in factories around the world-a growth rate of 5% in 2022, year-on-year. Therefore, the increasing demand for automation is driving the growth of the cognitive systems market.
Major companies operating in the cognitive systems market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is a formal collaborative alliance between two or more entities, typically businesses, aimed at achieving mutually beneficial long-term goals. For instance, in November 2023, Burson Cohn & Wolfe, a US-based public relations and communications firm, in partnership with Limbik, a US-based cognitive AI company that specializes in predicting future global trends using artificial intelligence, launched Decipher Index, a new platform that uses cognitive artificial intelligence (AI) to predict the top themes with the greatest potential for impact in the future. The platform uses cognitive artificial intelligence (AI) to identify and predict key themes and trends that are likely to drive global interest and engagement. The platform helps clients anticipate emerging trends and potential impacts on their businesses. The AI-powered platform provides a comprehensive view of global trends, allowing organizations to make informed decisions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13623&type=smp
Major Key Players of the Market:
Major companies operating in the cognitive systems market report are Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., General Electric Company, Intel Corporation, HP Inc., International Business Machines Corporation, Deloitte LLP, Cisco Systems Inc., Oracle Corporation, 3M, SAP SE, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce Inc., Infosys Limited, Baidu Inc., Wipro Limited, SAS Institute Inc., Nuance Communications Inc., Tibco Software Inc., Synechron Inc., Amelia, Amazon.com Inc., CognitiveScale, Expert System S.p.A., Attivio, Enterra Solutions LLC, Numenta Inc.
Cognitive Systems Market 2024 Key Insights:
• The cognitive systems market is expected to grow to $60.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Surging Demand For Automation And Efficiency Propels Growth In The Cognitive Systems Market
• Companies Forming Strategic Partnership To Develop Cognitive AI Platforms
• North America was the largest region in the cognitive systems market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13623&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Market Analysis, Trends, Growth, Research And Forecast 2033 here
News-ID: 3727078 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Cognitive
Internet User Surge Fuels Cognitive Media Market Growth Despite Cognitive Concer …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Cognitive Media Industry Market Size Be by 2025?
The size of the cognitive media market has experienced significant expansion lately. It is forecasted to increase from $2.14 billion in 2024 to $2.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.8%. The historic…
Cognitive Suites
Introducing cutting-edge technology-driven solutions and smart software applications tailor-made for diverse aviation stakeholders. Our comprehensive suite covers Airlines, General Aviation, Aviation Support Service Providers, Aviation Professionals, and Authorities of Airports and Air Navigation Service Providers (ANSP). Whether you're seeking enhanced operational efficiency, streamlined processes, or advanced data analytics, our solutions are designed to revolutionize the way you navigate the skies. Embrace the power of innovation and elevate your aviation experience…
The Future of Cognitive Intelligence: Analyzing the Booming Cognitive Computing …
Cognitive Computing Market Valued at 𝐔𝐒$ 𝟒𝟔.𝟓𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2024, Projected to Reach US$ 285.72 Billion by 2033 at a CAGR of 22.30%
The cognitive computing market is witnessing unprecedented growth as industries integrate artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and deep learning into their operations. These next-generation computing systems simulate human thought processes, allowing enterprises to analyze vast datasets, enhance decision-making, and optimize automation at an…
Cognitive Search Tools Market: Know Opportunity Ahead | Sinequa, Lucidworks, Cog …
HTF MI recently introduced Global Cognitive Search Tools Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study Microsoft Corporation, IBM, Google, Amazon Web Services (AWS), Dassault Systèmes, Verint Systems, Elastic,…
Cognitive Services Market
With the watchful use of established and advanced tools such as SWOT analysis and Porter's Five Forces Analysis, this market report has been structured. While preparing this Cognitive Services Market research report, few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. Every possible effort has been taken while researching and analysing information to…
Cognitive Computing Market worth Observing Growth: Saffron Technology, Cognitive …
Cognitive computing is an evolving model of intelligent computing system and methods that implements computational intelligence by autonomous perceptions and inferences imitating the mechanisms of the brain. The cognitive computing market has high growth prospects owing to increasingly complex and large datasets and the emergence of numerous computing platforms such as big data analytics, cloud, and mobile. Moreover, increasing demand from the end-use industries expected to fuel market growth during…
