Cognitive computing market poised for tremendous growth, surpassing $175.8 billion by 2029. – KaleidoScot

The global Cognitive Computing market was valued at over $25.36 billion in 2022. The market is projected to see significant growth in the coming years, with a market value of over $175.8 billion by 2029, with a CAGR of 24% during the forecast period (2023 to 2029)

The new report titled Cognitive Computing Market 2023 from Exactitude Consultancy includes a detailed description of the market along with market images. The report is designed to follow a chapter-specific research presentation, uncovering measures of demand and supply viability, prevalent in the market landscape. The report presents a major review of the available state of the market with the latest definition and improvements across the globe. The report covers in-depth analysis that offers energetic insights to conclude and study the size, share, industry trends, forecasts and global competitive environment of Cognitive Computing market.

Deep insights about development rate expectations and industry part of the Cognitive Computing market. A loyal team of expert forecasters, expert analysts and expert researchers have worked painstakingly. The report involves six main parameters: market analysis, market definition, market segmentation, key developments in the global Cognitive Computer market, competitive analysis, and research methodology.

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Key Companies Profiled in the Cognitive Computing Market Report:

Microsoft, Google, IBM, Numenta, SAS Institute AWS, Enterra Solutions, Cognitive Scale, Spark Cognition, TCS, Expert System Cisco Virtusa and Cognitive Software Group.

Segments covered in the report

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Cognitive Computing Market by Component, 2020-2029, (USD Billion)

  • platform
  • Service
  • Managed Services
  • Professional services

Cognitive Computing Market by Technology, 2020-2029, (USD Billion)

  • Machine learning (ml)
  • Human-computer interaction
  • Computer vision
  • Machine vision
  • Robotics
  • Natural Language Processing (NLP)
  • Deep learning
  • Prescriptive and predictive modeling
  • Decision making

Cognitive Computing Market by Application, 2020-2029, (USD Billion)

  • Automation
  • Intelligent virtual assistants
  • Behavioral analysis
  • Biometrics
  • Others

Cognitive Computing Market by Deployment Modes, 2020-2029, (USD Billion)

Cognitive Computing Market by Organization Size, 2020-2029, (USD Billion)

  • Big business
  • Small and Medium Enterprises (SMEs)

Cognitive Computing Market by Business Functions, 2020-2029, (USD Billion)

  • Human Resources (HR)
  • Legal
  • Finance
  • Marketing and advertising

Cognitive Computing Market by Industry Verticals, 2020-2029, (USD Billion)

  • BFS extension
  • Retail and e-commerce
  • Telecommunications and information technology
  • Healthcare and life sciences
  • Production
  • Government and Defense
  • Media and entertainment
  • Travel and Hospitality
  • Others

Some of the key questions answered in this report:

  • What constraints and focused approach are holding back the Cognitive Computing market demand?
  • SWOT analysis of each key player defined along with his profile and Porter’s five forces analysis to complete the same.
  • What trends, challenges and barriers will impact the development and sizing of the Global market?
  • A detailed overview of the market will help provide clients and businesses with making strategies.
  • Factors influencing the thriving demand and the latest trends taking place in the market.
  • Market forecast for the global Cognitive Computing market segmented into segments like region, product, applications, end-user, technology, etc.
  • What is the growth momentum of the Cognitive Computing market or leads market during the forecast period?
  • Which region could reach the highest market share in the next era?
  • Which application/end-user category or product type can you seek incremental growth prospects?

Pre-post COVID-19 impact on the global cognitive computing market

COVID-19 is an infectious disease caused by the most recently discovered new corona virus. Largely unknown before the outbreak began in Wuhan, China in December 2019, COVID-19 went from a regional crisis to a global pandemic in a matter of weeks.

In addition, production and supply chain delays were also experienced during the second quarter, which posed a challenge for the Cognitive Computing market, as the end-user industries were not yet operating at full capacity.

Secondary research:

This research study made extensive use of secondary sources, directories and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva and OneSource to identify and compile useful information for a technical, market-oriented and business study of the global Cognitive Computing market. Other secondary sources included corporate annual reports, press releases and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the demand and supply sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from major and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the industry’s value chain. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject matter experts, C-level executives from key market players, and industry consultants.

Global Cognitive Computer Market Industry Report Covers the Following Data Points:

: This section covers the global market overview including basic market introduction, market analysis by applications, type and regions. The major industry regions of the global market include North America, Europe, Asia-Pacific, Middle East and Africa. In this section, the statistics and industry outlook of the Cognitive Computing market (2023-2029) are presented. Market dynamics state opportunities, key driving forces, market risk are studied.

: This section covers market manufacturers profile based on their business overview, product type and application. In addition, the sales volume, market product price, gross margin analysis and share of each player are profiled in this report.

: These sections present market competition based on each manufacturer’s sales, profits, and market division. It also covers the industry scenario based on regional conditions.

: These sections provide forecast information related to the Cognitive Computing Market (2023-2029) for each region. Sales channels include direct and indirect marketing, traders, distributors and development trends are presented in this report.

: In these sections, the main conclusions and findings of the research of the sector, the methodology of analysis and the sources of data are covered.

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Can I change the scope of the report and customize it to my needs?

YES. Customized requirements of multidimensionality, deep level and high quality can help our clients to grasp market opportunities accurately, face market challenges effortlessly, formulate market strategies correctly, and act promptly, thereby winning enough time and space for competition market.

Free country-level analysis for the 5 countries of your choice.

Free competitive analysis of 5 key market players.

40 free analyst hours to cover any other data points.

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We always believe in quality, so we will provide you with 24/7 instant sales support. If you have any question or concern, we will provide post-purchase priority analyst assistance to clear even a single doubt about Cognitive market study Computing.

Thank you for reading this article; you can also get individual sections by chapter or report versions by region such as Asia-Pacific, North America, Europe, South America, Middle East and Africa.

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