PUBLISHER: The Business Research Company | PRODUCT CODE: 1682113
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682113
Cognitive systems are autonomous systems capable of perceiving their environment, learning from past experiences, predicting outcomes, taking action to achieve goals, and adapting to changing circumstances. They enhance and scale human expertise by comprehending natural language and interacting seamlessly with humans.
The primary categories of cognitive systems include hardware, software, and services. Hardware encompasses the physical components of a computer, such as the motherboard, processor, memory, storage drives, and other devices, utilized to enable cognitive capabilities, including sensors and processors. These systems can be deployed through various methods, including on-premises and cloud-based solutions, and are applied across a wide range of sectors, including banking, education, government, healthcare, insurance, manufacturing, securities and investment services, telecommunications, and transportation.
The cognitive systems market research report is one of a series of new reports from The Business Research Company that provides cognitive systems market statistics, including cognitive systems industry global market size, regional shares, competitors with a cognitive systems market share, detailed cognitive systems market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive systems industry. This cognitive systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cognitive systems market size has grown rapidly in recent years. It will grow from $42.5 billion in 2024 to $47.08 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to rise in crime rates, regulatory compliance requirements, increased awareness of security risks, integration with building management systems, remote monitoring and management.
The cognitive systems market size is expected to see strong growth in the next few years. It will grow to $66 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to artificial intelligence (AI) integration, cloud-based solutions, smart city initiatives, biometric access control growth, focus on sustainability. Major trends in the forecast period include cybersecurity concerns, technological advancements, integration with access control systems, biometric authentication, artificial intelligence (AI) for video analytics.
The growing demand for automation is expected to drive the expansion of the cognitive systems market in the future. Automation involves the development and implementation of tools and systems that can function with minimal or no manual intervention. Cognitive systems play a key role in robotics and automation by enabling machines to perform complex tasks more efficiently and effectively. They allow machines to monitor and analyze intricate processes and manage unstructured data, improving their performance over time. For example, in June 2023, the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, reported that the European Union's 27 member states installed nearly 72,000 units in 2022, up 6% from 67,000 units in 2021. As a result, the growing demand for automation is driving the cognitive systems market's growth.
Key players in the cognitive systems market are prioritizing strategic partnerships to deliver dependable services to their customers. A strategic partnership entails a formal collaborative alliance between two or more entities, typically businesses, aimed at achieving mutually beneficial long-term objectives. For instance, in November 2023, Burson Cohn & Wolfe, in collaboration with Limbik, introduced the Decipher Index-a new platform utilizing cognitive artificial intelligence (AI) to predict future global trends. This AI-powered platform aids in identifying and forecasting key themes and trends with significant potential impact, empowering organizations to anticipate emerging trends and their implications on their operations.
In December 2022, Finland-based Tecnotree, a company specializing in digital transformation solutions, acquired CognitiveScale for an undisclosed amount. With this acquisition, Tecnotree aims to boost its 5G monetization capabilities and enhance customer experiences, thereby expanding telecom use cases and entering new sectors such as healthcare and fintech. CognitiveScale, a US-based company, is known for its innovative AI-powered software that aids organizations in improving decision-making and customer engagement through intelligent insights.
Major companies operating in the cognitive systems market report are Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., General Electric Company, Intel Corporation, HP Inc., Accenture PLC, International Business Machines Corporation, Deloitte LLP, Cisco Systems Inc., Oracle Corporation, 3M, SAP SE, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce Inc., Infosys Limited, Baidu Inc., Wipro Limited, SAS Institute Inc., Nuance Communications Inc., Tibco Software Inc., Synechron Inc., Amelia, Amazon.com Inc., CognitiveScale, Expert System S.p.A., Attivio, Enterra Solutions LLC, Numenta Inc.
North America was the largest region in the cognitive systems market in 2024. The regions covered in the cognitive systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cognitive systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The cognitive systems market consists of revenues earned by entities by providing speech recognition, vision, human-computer interaction, pattern recognition, and natural language processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The cognitive systems market also includes sales of specialized processors, memory systems, and graphics processing units (GPUs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cognitive Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cognitive systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cognitive systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cognitive systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.