By 2029, Cognitive Computing Market is Projected to Reach US $ 175.8 Billion


Published July 7, 2023

Pictorial representation of Cognitive Computing and its objectives... |  Download Scientific Diagram

Exactitude Consultancy, the market research has completed and published the final copy of the detailed research report on theCognitive Computing Market.TheCognitive Computing Marketis expected to register a CAGR of over24% over the forecast period.

According to a recent report published by Exactitude Consultancy, titled, “Cognitive Computing Market by Component (Platform, Service (Managed Services, Professional Services) Technology (Machine Learning (ML), Human-Computer Interaction (Computer Vision, Machine Vision, Robotics) Natural Language Processing (NLP), Deep Learning (Prescriptive and Predictive Modeling, Decision Making) Application (Automation, Intelligent Virtual Assistants, Behavioral Analysis, Biometrics, Others) Deployment mode (On-premise, Cloud, Hybrid) Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)) Business Functions (Human Resources (HR), Legal, Finance, Marketing, and Advertising) and Region, Global trends and forecast from 2022 to 2029.”. Global Cognitive Computing MarketResearch Report 2023 CAGR Status, Size, Industry Share, Interaction, Revenues , Development Strategy, Key Players, Competitive Landscape, Dynamics, competitive share analysis, consumption by regions, business development, technologies and growth trends, demand status and future product.

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A summary of the research work.

Table of Contents The studys depth of coverage

Market participants at the forefront

The research framework of the reports structure

Exactitude Consultancy research methodology

The report on theCognitive Computing Market includes:

  • Authoritative insights into theCognitive Computing Market Size
  • Key industry trends
  • Strategies adopted by major players
  • Dominating regions

Key Industry Developments:

  • November 2019 UST Global, a U.S. based company, investment in Cogniphi Technologies, an Indian AI and cognitive technology startup. This strategic investment will accelerate the advanced research and development of Cogniphi’s Artificial Intelligence and Vision (AIVI) platform
  • October 2019 Cerner partnered with Amazon Web Services (AWS) to launch its new cognitive health platform – “Project Apollo”. This platform is based on AWS infrastructure that provides predictive insights and improve usability for patient care.
  • August 2019 The Global Association for Research Methods and Data Science (GRMDS) launched its new ecosystem platform to empower artificial intelligence (AI), cognitive computing, and big data researchers across the globe. The new ecosystem platform includes computing platform, data scientist community, and data portal that aims to help researchers to solve problems in data science.
Report Metrics Details
Market Size Value in 2022 US $ 25.36 Billion
Market Size Value in2029 US $ 175.8 Billion
Growth Rate 24% CAGR

Forecast Period


Prominent companies profiled in theCognitive Computing Market report are:

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

Cognitive Computing MarketIntroduction, Overview, and In-depth industry analysis:

  • Top key players with their business strategy, sales volume, and revenue analysis
  • Latest technological developments
  • Robust facts and factors research methodology
  • Regional analysis with graphical representation of size, share and trends
  • Market trends, obstacles and growth drivers
  • Includes list of table and figures

Highlights of theCognitive Computing Market Report:

  • Cognitive Computing Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies
  • Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in theCognitive Computing Market
  • Competitive Assessment: In-depth assessment of the Cognitive Computing Market strategies, geographic and business segments of the leading players in the industry.
  • Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market

In-depth industry statistics and market share insights of theCognitive Computing Market sector for 2020, 2021, and 2022. The market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2029. Available to Download is a Free Sample File of the Market Report PDF

Exactitude Consultancy follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the Cognitive Computing Market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a Cognitive Computing Market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, Cognitive Computing Market and technological developments, market trends, etc.

Secondary data sources that we refer to:

  • SEC filings, investor presentations, Annual reports, and press releases of companies operating in the market
  • Studies published by credible sources such as government organizations, global organizations (World Semiconductor Trade Statistics, Eurostat, EU Database, GITMA, WITSA, ISACA, NASSCOM, IEEE), relevant associations (Semiconductor Industry Association, International Telecommunications Society, International Telecommunication Union, Global Mobile Association), ResearchGate, etc.
  • Credit Rating Agencies (Standard & Poor’s (S&P), Moody’s, and Fitch Group, ICRA, CRISIL’s ), Global Consulting and research firms (Ernst & Young, Deloitte & Touche, Arthur Andersen, KPMG, PricewaterhouseCoopers, Analysys Mason etc.)
  • Paid Secondary Databases (The Dun & Bradstreet Corporation, IDC and Bloomberg etc.)

Customization Available:Global Cognitive Computing Market

Exactitude Consultancyis a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The Cognitive Computing Market report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Cognitive Computing Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

Statistical Analysis

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new Cognitive Computing Market developments are accurately incorporated in the previous databases.

Surveys And Discussion with Industry Leaders

Conducting primaries of industrial experts and subject experts is one of the most important steps of our research analysis. It is a continuous process and is carried out at each level along the value chain. To ensure that the Cognitive Computing Market estimates are unbiased and depict the actual market scenario, we carry out questionnaires-based research and telephonic discussions with raw material suppliers and manufacturers, product manufacturers and distributors. Additionally, we also cover insights from representatives of regulatory bodies and industry associations.

With the help of insights collected from industrial experts, we are able identify Cognitive Computing Market segments and key parameters including spending habits of consumers, raw material and production trends, pricing mechanism, and expansion plans of market players. This helps us in providing an-depth analysis of the concerned market.

Key Points from Table of Content:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario Key Countries

4.5 Recent Industry Developments Partnerships, Mergers and Acquisitions

5. Global Cognitive Computing Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis By Product Type

5.3. Market Analysis By Distribution Channel

5.4. Market Analysis By Countries/Sub-regions

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis Major Players

12. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued.

About Us

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

What we aim is to provide a holistic picture of the market taking into account all the possible market drivers.

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