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PUBLISHER: IMARC | PRODUCT CODE: 1291385
PUBLISHER: IMARC | PRODUCT CODE: 1291385
Cognitive Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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Market Overview:
The global cognitive computing market size reached US$ 32.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 138.8 Billion by 2028, exhibiting a growth rate (CAGR) of 25% during 2023-2028.
Cognitive computing (CC) relies on artificial intelligence (AI), machine learning (ML), natural language understanding (NLU), speech and image recognition, conversant human interface, and distributed and high-performance computing. It offers improved data collection and interpretation, troubleshooting and error detection, and enhanced customer retention to businesses. It also assists in informed and strategic decision-making, smart financial decisions, improving efficiency, and increasing cost savings. As a result, CC finds extensive applications in numerous industry verticals, such as retail, telecommunications, and banking, financial services and insurance (BFSI).
Cognitive Computing Market Trends:
The rising adoption of cutting-edge technologies in small and medium-sized enterprises (SMEs) across the globe represents one of the key factors impelling the growth of the market. Moreover, CC solutions are employed in the healthcare industry as they aid medical professionals in disease diagnosis by processing enormous data rapidly and generating customized smart recommendations. These solutions also aid in providing a better course of treatment for patients. Apart from this, they help improve the delivery of personalized health intervention programs, including lifestyle/behavioral change management. Besides this, they are increasingly being used in delivering actionable sporting tips to athletes during a game or competition and advising investment strategists on leveraging information to make decisions while buying or selling in a marketplace. In addition, they can be utilized in assessing risks in real-time, producing accurate results, and understanding human language to interact with customers and workers. CC solutions are also useful in mining structured and unstructured data and offering hypotheses and explanations for consideration by humans. This, coupled with the thriving information technology (IT) industry, is projected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cognitive computing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, deployment type, enterprise size and industry vertical.
Breakup by Technology:
- Natural Language Processing
- Machine Learning
- Automated Reasoning
- Others
Breakup by Deployment Type:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Healthcare
- BFSI
- Retail
- Government
- IT and Telecom
- Energy and Power
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuiti Group, Cisco Systems Inc., Enterra Solutions LLC, Expert .AI, e-Zest Solutions Ltd, Google LLC (Alphabet Inc.), International Business Machines Corporation, Marlabs LLC, Microsoft Corporation, Red Skios Ltd., Sas Institute Inc., Tata Consultancy Services Ltd., Vantage Labs LLC and Virtusa Corporation.
Key Questions Answered in This Report:
- What was the size of the global cognitive computing market in 2022?
- What is the expected growth rate of the global cognitive computing market during 2023-2028?
- What has been the impact of COVID-19 on the global cognitive computing market?
- What are the key factors driving the global cognitive computing market?
- What is the breakup of the global cognitive computing market based on the technology?
- What is the breakup of the global cognitive computing market based on the deployment type?
- What is the breakup of the global cognitive computing market based on enterprise size?
- What is the breakup of the global cognitive computing market based on the industry vertical?
- What are the key regions in the global cognitive computing market?
- Who are the key players/companies in the global cognitive computing market?
Product Code: SR112023A5414
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Cognitive Computing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technology
- 6.1 Natural Language Processing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Machine Learning
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Automated Reasoning
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
- 8.1 Small and Medium-sized Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Large Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 Healthcare
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 BFSI
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Retail
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Government
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 IT and Telecom
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Energy and Power
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Acuiti Group
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Cisco Systems Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Enterra Solutions LLC
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Expert .AI
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 e-Zest Solutions Ltd
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Google LLC (Alphabet Inc.)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 SWOT Analysis
- 15.3.7 International Business Machines Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Marlabs LLC
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Microsoft Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Red Skios Ltd.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Sas Institute Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 SWOT Analysis
- 15.3.12 Tata Consultancy Services Ltd.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Vantage Labs LLC
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.14 Virtusa Corporation
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 SWOT Analysis
- 15.3.1 Acuiti Group
Product Code: SR112023A5414
List of Figures
- Figure 1: Global: Cognitive Computing Market: Major Drivers and Challenges
- Figure 2: Global: Cognitive Computing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Cognitive Computing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Cognitive Computing Market: Breakup by Technology (in %), 2022
- Figure 5: Global: Cognitive Computing Market: Breakup by Deployment Type (in %), 2022
- Figure 6: Global: Cognitive Computing Market: Breakup by Enterprise Size (in %), 2022
- Figure 7: Global: Cognitive Computing Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: Cognitive Computing Market: Breakup by Region (in %), 2022
- Figure 9: Global: Cognitive Computing (Natural Language Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Cognitive Computing (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Cognitive Computing (Machine Learning) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Cognitive Computing (Machine Learning) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Cognitive Computing (Automated Reasoning) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Cognitive Computing (Automated Reasoning) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Cognitive Computing (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Cognitive Computing (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Cognitive Computing (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Cognitive Computing (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Cognitive Computing (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Cognitive Computing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Cognitive Computing (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Cognitive Computing (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Cognitive Computing (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Cognitive Computing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Cognitive Computing (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Cognitive Computing (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Cognitive Computing (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Cognitive Computing (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Cognitive Computing (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Cognitive Computing (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Cognitive Computing (Government) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Cognitive Computing (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Cognitive Computing (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Cognitive Computing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Cognitive Computing (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Cognitive Computing (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Cognitive Computing (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Cognitive Computing (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: United States: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: United States: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Canada: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Canada: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Asia-Pacific: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Asia-Pacific: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: China: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: China: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Japan: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Japan: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: India: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: India: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: South Korea: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: South Korea: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Australia: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Australia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Indonesia: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Indonesia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Germany: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Germany: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: France: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: France: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: United Kingdom: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: United Kingdom: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Italy: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Italy: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Spain: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Spain: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Russia: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Russia: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Latin America: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Brazil: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Brazil: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Mexico: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Mexico: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Middle East and Africa: Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Middle East and Africa: Cognitive Computing Market: Breakup by Country (in %), 2022
- Figure 87: Middle East and Africa: Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Global: Cognitive Computing Industry: SWOT Analysis
- Figure 89: Global: Cognitive Computing Industry: Value Chain Analysis
- Figure 90: Global: Cognitive Computing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Cognitive Computing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Cognitive Computing Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 3: Global: Cognitive Computing Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
- Table 4: Global: Cognitive Computing Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
- Table 5: Global: Cognitive Computing Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: Cognitive Computing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Cognitive Computing Market: Competitive Structure
- Table 8: Global: Cognitive Computing Market: Key Players
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