What Is The Leading Driver Behind Rise Of Cognitive Computing In An Era Of Expanding Unstructured Data Market Expansion in 2025

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How Large Will the Cognitive Computing Market Size By 2025?
The scale of the cognitive computing market has witnessed a significant expansion in the previous years. There is a predicted escalation from $51.03 billion in 2024 to $64.72 billion in 2025, registering a compound annual growth rate (CAGR) of 26.8%. The growth seen in the past can be linked to the increased integration of IoT devices and big data analytics, utilization in the government and defense sectors, customization in retail and e-commerce, a higher push towards data-oriented insights, and the rising demand for intelligent assistants.

How Big Is the Cognitive Computing Market Size Expected to Grow by 2029?
The cognitive computing market is projected to witness a significant rise in its size in the upcoming years, expanding to $153.08 billion by 2029 at a CAGR of 24.0%. The escalation during the prognostication period is credited to the increase in data volumes, growth of cloud computing, desire for superior customer experiences, and the progression of autonomous systems and cybersecurity. The forecast period is also anticipated to see key trends such as the improvement of machine learning and AI, progression in quantum computing, amalgamation with 5G technology, fusion with blockchain, advancements in natural language processing, and incorporation of augmented reality (AR) and virtual reality (VR).

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Which Key Market Drivers Powering Cognitive Computing Market Expansion and Growth?
The surge in unstructured data volumes is predicted to drive the expansion of the cognitive computing market in the future. Unstructured data, which lacks a pre-set data model and is not arranged in any pre-defined manner, poses challenges when it comes to processing and analysis using traditional databases and tools. Cognitive computing technologies are capable of analyzing, interpreting and understanding natural language, images, and patterns, thus allowing machines to replicate the process of human decision-making in unstructured data. As per a revelation by Komprise, a software firm based in the US, in August 2022, around 87% of IT leaders designated the management of the unstructured data influx as a high priority area, a rise from the previous year's 70%. Consequently, this rise in unstructured data volumes is fueling the expansion of the cognitive computing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cognitive Computing Market?
Prominent businesses in the cognitive computing sector concentrate on integrating new technologies such as 5G in order to heighten their market profitability. Fifth-generation wireless technology, when applied to cognitive computing, boosts the speed, connectivity, and efficiency of the systems, fostering quicker data processing and an improved artificial intelligence function. As an example, Tata Consultancy Services Ltd., an IT firm based out of India, launched Cognitive Plant Operations Adviser in March 2023. This 5G-enabled tool amalgamates AI, 5G, and edge computing to facilitate autonomous production processes with features like monitoring, diagnosis, optimization, and learning abilities. Primarily developed for sectors like manufacturing and pharmaceuticals, this feature-rich tool is included in the TCS Enterprise 5G Edge suite on Microsoft Azure. Its aim is to bring about a revolution in production via smarter, resilient, and more flexible operations. It also fosters the creation of plant information models and provides operators with knowledge guidance.

What Are the Emerging Segments in the Cognitive Computing Market?
The cognitive computingmarket covered in this report is segmented -

1) By Component: Platform, Service
2) By Technology: Machine Learning (ML), Human Computer Interaction, Natural Language Processing (NLP), Deep Learning
3) By Deployment mode: On-Premise, Cloud, Hybrid
4) By End-User: Banking, Financial Services And Insurance (BFSI), Healthcare, Retail And E-commerce, Information Technology And Telecom, Government And Defense, Other End Users

Subsegments:
1) By Platform: Machine Learning Platforms, Natural Language Processing (NLP) Platforms, Automated Reasoning Platforms, Speech and Voice Recognition Platforms, Image and Video Analysis Platforms
2) By Service: Consulting Services, Integration Services, Support and Maintenance Services, Managed Services, Training and Education Services

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Who Are the Global Leaders in the Cognitive Computing Market?
Major companies operating in the cognitive computing market report are Amazon.com Inc., Alphabet Inc., Samsung Group, Microsoft Corporation, Meta Platforms Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Tencent Holdings Ltd., Siemens AG, General Electric Company, accenture* PLC, International Business Machines Corporation, Qualcomm Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Hewlett-Packard Enterprise Company, Nvidia Corporation, Salesforce Inc., Baidu Inc., Palantir Technologies Inc., OpenAI, UiPath, C3.ai Inc., DataRobot Inc., Clarifai Inc.

Which are the Top Profitable Regional Markets for the Cognitive Computing Industry?
North America was the largest region in the cognitive computing market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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