Product Code: A00555
According to a new report published by Allied Market Research, titled, "Cognitive Computing Market," The cognitive computing market was valued at $32.2 billion in 2022, and is estimated to reach $476.8 billion by 2032, growing at a CAGR of 31.3% from 2023 to 2032.
Moreover, the increase in the demand for cognitive computing solutions in large and medium-sized organizations is likely to increase global market growth, owing to the integration of cloud-based solutions in the global cognitive computing market. IBM Watson, a leading player operating within the cognitive computing market, is planning to introduce Watson Analytics cloud-based service in the coming years that would boost the adoption of cognitive computing through cloud. Cognitive computing is gaining momentum in the developed countries. This competent factor of cloud-based services is anticipated to act as an opportunity for growth in the global cognitive computing market.
In addition, cognitive computing is majorly used in BFSI, healthcare, energy & power, retail, e-commerce, and other sectors. Increase in volume of unstructured data and advancements in technology are the major driving forces of the cognitive computing market. Cloud-based technological advancements, development of innovative hardware & software systems and cognitive experience interfaces are the factors expected to foster the growth of the cognitive computing market. In addition, the use of digital technologies help to improve data management and analytics, as well as provide enterprises with a better knowledge of their product portfolio. Such aforementioned factors are expected to provide lucrative opportunities for market growth during the forecast period. Such enhanced factors are expected to provide lucrative opportunities for market growth during the forecast period, which is anticipated to accelerate the market demand and hence, drive global market growth.
Also, growing digitalization, and rising need for intelligent data processing solutions, and an increase in the adoption of advanced technologies are positively impacting the growth of the market. Moreover, the growing need for personalization and improving customer experience is also anticipated to create lucrative opportunities for market growth. Furthermore, the rise in internet tools for processing data is also arising, which is expected to provide lucrative growth opportunities for the market in the forecast period. Moreover, the increasing adoption of internet devices and growing demand for flexible security services across various businesses are expected to fuel the growth of the market during the forecast period.
Furthermore, advancement in enabling technology and increase in volume of large complex data, which positively impacts the growth of the market in the future. In addition, evolutions in computing platforms expected to drive global market growth. However, the high cost of deploying cognitive computing systems, and lack of awareness are expected to hamper market growth. Furthermore, impact on business application is expected to create numerous opportunities for cognitive computing solutions.
The cognitive computing market is segmented into technology, deployment type, enterprise size, industry vertical, and region. By technology, it is categorized into natural language processing, machine learning, automated reasoning, and others. On the basis of deployment type, it is divided into on-premise and cloud. Further, on the basis of enterprise size, it is classified into large enterprises and small and medium enterprises. Depending on industry vertical, it is segregated into healthcare, BFSI, retail, government & defense, IT & telecom, energy & power, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report highlights numerous factors that influence the growth of the global cognitive computing market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include 3M, Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tibco Software Inc. and TATA Consultancy Services Limited (TCS).
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the cognitive computing market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on cognitive computing market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the cognitive computing market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Investment Opportunities
- Technology Trend Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Expanded list for Company Profiles
- SWOT Analysis
Key Market Segments
By Deployment Type
By Technology
- Natural Language Processing (NLP)
- Machine Learning
- Automated Reasoning
- Others
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry Vertical
- Healthcare
- BFSI
- Retail and Ecommerce
- Government and Defense
- IT and Telecom
- Energy and Power
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Google LLC
- Oracle Corporation
- IBM Corporation
- Microsoft Corporation
- SAS Institute Inc.
- TATA Consultancy Services Limited
- SAP SE
- Tibco Software Inc.
- 3M
- Hewlett Packard Enterprise Development LP
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate-to-high bargaining power of suppliers
- 3.3.2. Moderate-to-high threat of new entrants
- 3.3.3. Moderate-to-high threat of substitutes
- 3.3.4. Low-to-moderate intensity of rivalry
- 3.3.5. Moderate-to-high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Advancement in enabling technology
- 3.4.1.2. Increase in volume of large complex data
- 3.4.1.3. Evolutions in computing platforms
- 3.4.2. Restraints
- 3.4.2.1. High cost of deploying cognitive computing system
- 3.4.2.2. Lack of awareness
- 3.4.3. Opportunities
- 3.4.3.1. Impact on business application
- 3.5. Key Regulation Analysis
CHAPTER 4: COGNITIVE COMPUTING MARKET, BY DEPLOYMENT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. On-premise
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Cloud
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: COGNITIVE COMPUTING MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Natural Language Processing (NLP)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Machine Learning
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Automated Reasoning
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: COGNITIVE COMPUTING MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: COGNITIVE COMPUTING MARKET, BY INDUSTRY VERTICAL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Healthcare
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. BFSI
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Retail and Ecommerce
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Government and Defense
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. IT and Telecom
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
- 7.7. Energy and Power
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
- 7.8. Others
- 7.8.1. Key market trends, growth factors and opportunities
- 7.8.2. Market size and forecast, by region
- 7.8.3. Market share analysis by country
CHAPTER 8: COGNITIVE COMPUTING MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Deployment Type
- 8.2.3. Market size and forecast, by Technology
- 8.2.4. Market size and forecast, by Enterprise Size
- 8.2.5. Market size and forecast, by Industry Vertical
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Deployment Type
- 8.2.6.1.2. Market size and forecast, by Technology
- 8.2.6.1.3. Market size and forecast, by Enterprise Size
- 8.2.6.1.4. Market size and forecast, by Industry Vertical
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Deployment Type
- 8.2.6.2.2. Market size and forecast, by Technology
- 8.2.6.2.3. Market size and forecast, by Enterprise Size
- 8.2.6.2.4. Market size and forecast, by Industry Vertical
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Deployment Type
- 8.3.3. Market size and forecast, by Technology
- 8.3.4. Market size and forecast, by Enterprise Size
- 8.3.5. Market size and forecast, by Industry Vertical
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Deployment Type
- 8.3.6.1.2. Market size and forecast, by Technology
- 8.3.6.1.3. Market size and forecast, by Enterprise Size
- 8.3.6.1.4. Market size and forecast, by Industry Vertical
- 8.3.6.2. Germany
- 8.3.6.2.1. Market size and forecast, by Deployment Type
- 8.3.6.2.2. Market size and forecast, by Technology
- 8.3.6.2.3. Market size and forecast, by Enterprise Size
- 8.3.6.2.4. Market size and forecast, by Industry Vertical
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Deployment Type
- 8.3.6.3.2. Market size and forecast, by Technology
- 8.3.6.3.3. Market size and forecast, by Enterprise Size
- 8.3.6.3.4. Market size and forecast, by Industry Vertical
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Deployment Type
- 8.3.6.4.2. Market size and forecast, by Technology
- 8.3.6.4.3. Market size and forecast, by Enterprise Size
- 8.3.6.4.4. Market size and forecast, by Industry Vertical
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Deployment Type
- 8.3.6.5.2. Market size and forecast, by Technology
- 8.3.6.5.3. Market size and forecast, by Enterprise Size
- 8.3.6.5.4. Market size and forecast, by Industry Vertical
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Deployment Type
- 8.3.6.6.2. Market size and forecast, by Technology
- 8.3.6.6.3. Market size and forecast, by Enterprise Size
- 8.3.6.6.4. Market size and forecast, by Industry Vertical
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Deployment Type
- 8.4.3. Market size and forecast, by Technology
- 8.4.4. Market size and forecast, by Enterprise Size
- 8.4.5. Market size and forecast, by Industry Vertical
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Deployment Type
- 8.4.6.1.2. Market size and forecast, by Technology
- 8.4.6.1.3. Market size and forecast, by Enterprise Size
- 8.4.6.1.4. Market size and forecast, by Industry Vertical
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Deployment Type
- 8.4.6.2.2. Market size and forecast, by Technology
- 8.4.6.2.3. Market size and forecast, by Enterprise Size
- 8.4.6.2.4. Market size and forecast, by Industry Vertical
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Deployment Type
- 8.4.6.3.2. Market size and forecast, by Technology
- 8.4.6.3.3. Market size and forecast, by Enterprise Size
- 8.4.6.3.4. Market size and forecast, by Industry Vertical
- 8.4.6.4. Australia
- 8.4.6.4.1. Market size and forecast, by Deployment Type
- 8.4.6.4.2. Market size and forecast, by Technology
- 8.4.6.4.3. Market size and forecast, by Enterprise Size
- 8.4.6.4.4. Market size and forecast, by Industry Vertical
- 8.4.6.5. South Korea
- 8.4.6.5.1. Market size and forecast, by Deployment Type
- 8.4.6.5.2. Market size and forecast, by Technology
- 8.4.6.5.3. Market size and forecast, by Enterprise Size
- 8.4.6.5.4. Market size and forecast, by Industry Vertical
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Deployment Type
- 8.4.6.6.2. Market size and forecast, by Technology
- 8.4.6.6.3. Market size and forecast, by Enterprise Size
- 8.4.6.6.4. Market size and forecast, by Industry Vertical
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Deployment Type
- 8.5.3. Market size and forecast, by Technology
- 8.5.4. Market size and forecast, by Enterprise Size
- 8.5.5. Market size and forecast, by Industry Vertical
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Market size and forecast, by Deployment Type
- 8.5.6.1.2. Market size and forecast, by Technology
- 8.5.6.1.3. Market size and forecast, by Enterprise Size
- 8.5.6.1.4. Market size and forecast, by Industry Vertical
- 8.5.6.2. Middle East
- 8.5.6.2.1. Market size and forecast, by Deployment Type
- 8.5.6.2.2. Market size and forecast, by Technology
- 8.5.6.2.3. Market size and forecast, by Enterprise Size
- 8.5.6.2.4. Market size and forecast, by Industry Vertical
- 8.5.6.3. Africa
- 8.5.6.3.1. Market size and forecast, by Deployment Type
- 8.5.6.3.2. Market size and forecast, by Technology
- 8.5.6.3.3. Market size and forecast, by Enterprise Size
- 8.5.6.3.4. Market size and forecast, by Industry Vertical
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. 3M
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. Google LLC
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. Hewlett Packard Enterprise Development LP
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. IBM Corporation
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. Microsoft Corporation
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. Oracle Corporation
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
- 10.7. SAP SE
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. SAS Institute Inc.
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Key strategic moves and developments
- 10.9. Tibco Software Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Key strategic moves and developments
- 10.10. TATA Consultancy Services Limited
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments