Press release
Transforming the Cognitive Systems Market in 2025: Surging Demand For Automation And Efficiency Propels Growth In The Cognitive Systems Market
Cognitive Systems Market Size
The cognitive systems market is expected to grow from $42.5 billion in 2024 to $47.08 billion in 2025, reflecting a CAGR of 10.8%. Rising crime rates, regulatory compliance, awareness of security risks, and integration with building management systems for remote monitoring are the primary drivers.
The cognitive systems market is anticipated to witness robust growth in the coming years, expanding to $66 billion by 2029 at a CAGR of 8.8%. This growth is fueled by AI integration, cloud-based solutions, smart city projects, increased demand for biometric access control, and sustainability priorities. Trends to watch include rising cybersecurity concerns, technological innovations, integration with access control systems, biometric authentication, and AI-powered video analytics.
What Factors Are Fueling Growth in the Cognitive Systems Market?
The growing demand for automation is accelerating the growth of the cognitive systems market. Cognitive systems are increasingly used in automation to monitor complex processes and enhance the performance of machines. The International Federation of Robotics reported that the EU installed 72,000 automation units in 2022, a 6% increase from 2021.
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Which Leading Companies Are Shaping the Growth of the Cognitive Systems 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., accenture* PLC, 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.
What Are the Major Trends Shaping the Cognitive Systems Market?
In the cognitive systems market, companies are forming strategic partnerships to deliver reliable services to customers. A strategic partnership is a formal collaboration between entities, usually businesses, aimed at achieving shared long-term objectives. For example, in November 2023, Burson Cohn & Wolfe, a US-based public relations company, partnered with Limbik, a US-based cognitive AI company, to launch Decipher Index. This platform uses AI to predict future global trends and identifies themes that could have significant impacts. The platform helps organizations anticipate emerging trends and make data-driven decisions to stay ahead of market changes.
What Are the Key Segments of the Cognitive Systems Market?
The cognitive systems market covered in this report is segmented -
1) By Type: Hardware, Software, Services
2) By Deployment: On Premises, Cloud
3) By Application: Banking, Education, Government, Healthcare, Insurance, Manufacturing, Securities And Investment Services, Telecommunications, Transportation
Subsegments:
1) By Hardware: Cognitive Processors, Servers And Storage Solutions, Sensors And IoT Devices, Robotics And Automation Equipment
2) By Software: Cognitive Analytics Software, Machine Learning Platforms, Natural Language Processing (NLP) Software, Data Management And Integration Tools
3) By Services: Consulting Services, Implementation And Integration Services, Support And Maintenance Services, Training And Development Services
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Which Region Dominates the Cognitive Systems Market?
North America was the largest region in the cognitive systems market in 2024. The regions covered in the cognitive systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cognitive Systems Global Market Report?
- Market Size Analysis: Analyze the Cognitive Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognitive Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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