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Cognitive Operations Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Cognitive Operations Market
The cognitive operations market has seen exponential growth, expected to rise from $13.17 billion in 2024 to $16.25 billion in 2025, at a CAGR of 23.4%. The main drivers include increasing cyber threats, incidents of cyberattacks, growing sophistication of malware, and the need for incident response in an increasingly connected world.
The cognitive operations market is projected to see strong growth, reaching $34.65 billion by 2029 at a CAGR of 20.8%. This growth is attributed to the adoption of IoT, cloud security requirements, zero trust security models, and the evolving threat landscape. Major trends include the integration of AI-driven threat intelligence, privacy-preserving technologies, and collaborative threat intelligence sharing.
What Key Elements Are Boosting Growth in the Cognitive Operations Market?
Digital transformation is a key driver for the cognitive operations market. By integrating digital technologies and data-driven processes, companies can improve operational efficiency and decision-making. In 2022, Eurostat reported that 70% of EU businesses achieved a basic level of digital intensity, with large businesses leading at 98%. These advancements contribute to the growth of cognitive operations.
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Who Are the Major Industry Players Fueling Cognitive Operations Market Expansion?
Major companies operating in the cognitive operations market report are Alphabet Inc., Microsoft Corporation, AppDynamics, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., VMware Inc., ServiceNow Inc., SAS Institute Inc., Micro Focus International PLC, Splunk Inc., BMC Software, Inc., Palantir Technologies Inc., Dynatrace LLC, New Relic Inc., Sumo Logic, Kofax Inc., HCL Technologies, ScienceLogic Inc., CA Technologies, Corvil, Interlink Software Services Ltd., Bay Dynamics Inc., DEVO Technology Inc., Risc Networks, Loom Systems Inc., Correlata Solutions Inc., Cloudfabrix Software Inc., Logz.io, Zenoss Inc.
Which Key Developments Are Influencing the Cognitive Operations Market?
In the cognitive operations market, companies are developing new products such as cognitive AI platforms to gain a competitive edge. These platforms integrate cognitive computing capabilities to simulate human-like decision-making. For example, in November 2023, Burson Cohn & Wolfe, a US-based public relations company, launched the Decipher Index, a platform leveraging AI to predict global macro trends. Developed with Limbik, a US-based cognitive AI company, it identifies key macro themes and provides businesses with valuable insights for proactive decision-making.
How Is the Segmentation of the Cognitive Operations Market Defined?
The cognitive operations market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprise, SMEs
3) By Deployment Mode: Cloud, On-Premises
4) By Application: IT Operations Analytics, Application Performance Management, Infrastructure Management, Network Analytics, Security Analytics, Other Applications
5) By Vertical: BFSI (Banking, Financial Services, And Insurance), Healthcare And Life Science, IT And Telecom, Retail And eCommerce, Manufacturing, Government, Media And Entertainment, Other Verticals
Subsegments:
1) By Solutions: Cognitive Analytics Tools, Machine Learning Solutions, Natural Language Processing (NLP) Solutions, Robotic Process Automation (RPA), Decision Management Systems
2) By Services: Consulting Services, Implementation And Integration Services, Managed Services, Training And Support Services
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What Is the Leading Region in the Cognitive Operations Market?
North America was the largest region in the cognitive operations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive operations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cognitive Operations Global Market Report?
- Market Size Analysis: Analyze the Cognitive Operations Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Operations 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 Operations Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Operations Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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