Press release
Cognitive Operations Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Cognitive Operations Market Size
The increase in digital transformation is projected to drive the cognitive operations market's rise going forward. Digital transformation pertains to the tactical incorporation and enhancement of digital technologies, data-driven methods, and innovative business models to amplify operational effectiveness, elevate customer experiences, and boost overall competition within a company. It bolsters cognitive operations by utilizing sophisticated technologies, like artificial intelligence and machine learning, to automate mundane tasks, scrutinize large volumes of data for informed, effective decision-making, and enable cognitive processes that drive more adaptive, efficient, and intelligent business procedures. For instance, Eurostat, an Luxembourg-based statistical office of the European Union, stated in 2023 that in 2022, 70% of all EU companies attained a basic standard of digital intensity. Small and medium enterprises (SMEs) constituted 69% of this statistic, roughly 20% points below the EU's 2030 aim, while large businesses notched up 98%. Hence, the increase in digital transformation is supporting the growth of the cognitive operations market.
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What is the future CAGR of the cognitive operations market, and how will it impact industry expansion?
In recent times, there has been a notable expansion in the cognitive operations market size. The market, which is projected to escalate from $13.17 billion in 2024 to $16.25 billion in 2025, is set to experience a compound annual growth rate (CAGR) of 23.4%. The surge during the historic period is linked to factors such as heightened cyber threat incidents, rising cyberattack occurrences, challenges related to incident response, increasingly sophisticated malware, and worldwide connectivity.
The market for cognitive operations is projected to experience significant expansion in the coming years, reaching a valuation of $34.65 billion in 2029 with a 20.8% compound annual growth rate (CAGR). The expected growth during this forecasted timeframe can be credited to the growing uptake of IoT, the needs for cloud security, zero trust security patterns, the changing threat environment, and advanced persistent threats. The projected time frame will also see rising trends such as enhanced collaboration with cloud security, AI-fueled risk intelligence, constant adaptive risk and trust analysis, technologies that preserve privacy, and cooperative threat intelligence sharing.
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What new trends are reshaping the cognitive operations market and its opportunities?
Leading enterprises in the cognitive operations sector are introducing new offerings, for instance, cognitive AI systems, to secure a strong position in the market. Cognitive AI systems are sophisticated technological solutions that merge cognitive computing abilities such as machine learning, natural language processing, and pattern identification to mirror human intellect and decision-making capacities. For instance, Burson Cohn & Wolfe, a Public Relations firm based in the US, in November 2023, unveiled the Decipher Index. This platform, collaboratively created with Limbik, a cognitive AI firm also from the US, utilizes cognitive AI to foresee major worldwide macro trends. The Decipher Index detects more than 20 macro themes and challenges predicted to steer global interest in the forthcoming year. This platform offers corporations and establishments valuable knowledge to predict and wade through potential crises or exploit arising opportunities. The cognitive AI of this platform evaluates data incessantly, providing weekly reports and regional standings on a wide array of themes like elections, AI, sustainability, and cultural issues. Its aim is to equip leaders with instantaneous information for active decision-making in a challenging and ever-evolving environment.
Which key market segments comprise the cognitive operations market and drive its revenue growth?
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 regions are at the forefront of cognitive operations market expansion?
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.
Who are the leading players fueling growth in the cognitive operations market?
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.
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What Is Covered In The Cognitive Operations Global Market Report?
• Market Size Forecast: Examine the cognitive operations market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cognitive operations market for a structured understanding.
• Key Players Overview: Analyze major players in the cognitive operations market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cognitive operations market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cognitive operations market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cognitive operations market.
• Industry Challenges: Identify potential risks and obstacles affecting the cognitive operations market.
• Competitive Landscape: Review strategic developments in the cognitive operations market, including expansions, agreements, and new product launches.
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