Global Cognitive Computing Market Insights and Forecast to 2028

Cognitive Computing Market Outlook 2028

The global Cognitive Computing market size is projected to reach US$ 30200 million by 2028, from US$ 7639.3 million in 2021, at a CAGR of 21.5% during 2022-2028. Cognitive Computing is completely changing the way organization uses their big data in each vertical, especially in industries like Healthcare, BFSI, and Customer services.

This is a big revolution in the global information technology market and holds a very strong potential for growth. Cognitive Computing enables a machine to think, interpret and infer information like a human brain. The biggest advancement in this market is IBM’s Watson Cognitive Computing. There are few players in the market that have developed the technique of integrating cognitive computing with the internet of things (IoT). Cognitive computing basically works on the principle of the neocortex, a part of the human brain that plays a big role in decision-making by analyzing the behaviors of a human being and makes decisions on the basis of time series analysis. The computer systems that we are using today are consulting us the way we already programed them but cognitive computing systems are completely different, they work on machine learning algorithms and natural language processing. 

Cognitive Computing Market Insights

This unique feature of cognitive computing is enabling business organizations to use an immense amount of dark data available with them. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cognitive Computing market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cognitive Computing market in terms of revenue. Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cognitive Computing market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cognitive Computing market.

Cognitive Computing Market Segments

Cognitive Computing market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Cognitive Computing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Segment By Type

• Natural Language Processing (NLP)
• Machine Learning
• Automated Reasoning
• Others Technologies

Segment By Application

• SMBs
• Large Enterprises

Segment By Company

• Google
• IBM
• Microsoft
• Palantir
• Saffron Technology
• Cold Light
• Cognitive Scale
• Enterra Solutions
• Numenta
• Vicarious

Segment By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA