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Cognitive Computing Market Size, Share & Trends Analysis Report By Technology, By Deployment (On-premises, Cloud), By Application (BFSI, Healthcare, Security, Retail, IT & Telecom, Aerospace), By Region, And Segment Forecasts, 2022 - 2030

August 2022 | 137 pages | ID: CBB187368C3EN
Grand View Research, Inc.

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Cognitive Computing Market Growth & Trends

The global cognitive computing market size is projected to reach USD 225.33 billion by 2030, registering a CAGR of 27.6% from 2022 to 2030, according to a new study published by Grand View Research, Inc. The surge in demand for cognitive computing technology comes from an increased need for making better decisions, transforming industries, and democratizing expertise. The technology has become sought-after among decision-makers to handle the massive amount of data and iterative analytics. Industry leaders anticipate the use of cognitive computing systems will gain ground from the rising prominence of machine learning and natural language processing.

Cognitive computing enables business organizations to incorporate advanced data analytics technology in their business processes to measure the risk associated with strategic initiatives. Industry players are progressively investing significantly in adopting the modern cognitive solution through profound research and development. The adoption of Artificial Intelligence and the Internet of Things that enables automated integration between software, hardware platform, and the consumer, has spurred industry growth.

Cognitive computing systems which use real-time analysis, machine learning, and natural language processing (NLP) have become sought-after to provide better results. Some of the prominent attributes, including voice recognition, text analytics, image & visual analytics, and clustering & deep learning, have encouraged leading companies to expedite investments in cognitive computing.

A notable uptick toward data analysis is expected to complement the development of cloud computing platforms and on-premises hardware equipment. Besides, advancements in cognitive technologies have augured well for market growth. For instance, cognitive systems have become the go-to technology for accurate data analysis and boosting customer interaction across industry verticals.

The healthcare industry has exhibited a profound inclination for cognitive systems to collate and assess data, including diagnostic tools, past data, medical journals and reports. The prevalence of data-powered treatment recommendations has gained ground across emerging and advanced economies.

With companies striving to enhance customer experience, the cognitive computing process has garnered immense popularity. It has also leveraged end-users to provide valuable, contextual and relevant inputs to the customers. It has the potential to identify strange behavior in the data by inspecting usage patterns to block cyber-attacks.

Cognitive Computing Market Report Highlights
  • The natural language processing technology segment dominated with a revenue share of over 42.3% in 2021 due to the surging demand for pattern recognition and optical character recognition
  • Cloud systems are expected to gain momentum as they facilitate secure and integrated data storage solutions according to the business requirements
  • The Asia Pacific region is predicted to emerge as the fastest growing market owing to the rise in small and medium enterprises in emerging countries, such as India and China
  • Prominent vendors operating in the market include Google, IBM, Microsoft Corporation, Oracle Corporation, SAP, Statistical Analysis System (SAS), and Saffron Technology
  • Increased focus on research and development activities and adoption of artificial intelligence are being observed in the industry
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Regional Marketplace: Key Takeaways

CHAPTER 3 COGNITIVE COMPUTING INDUSTRY OUTLOOK

3.1 Market Segmentation
3.2 Cognitive Computing - Market Size and Growth Prospects
3.3 Cognitive computing - Value Chain Analysis
3.4 Market Dynamics
  3.4.1 Market driver analysis
    3.4.1.1 Growing demand from different industrial applications
    3.4.1.2 Rising utilization of AI in cognitive computing
  3.4.2 Market restraint analysis
    3.4.2.1 Next generation development challenges of software platforms
3.5 Industry Analysis - Porter’s
3.6 Penetration & Growth Prospect Mapping
3.7 Cognitive Computing - Key Company Analysis, 2021
3.8 Cognitive Computing - PEST Analysis

CHAPTER 4 COGNITIVE COMPUTING PRODUCT ESTIMATES & TREND ANALYSIS

4.1 Cognitive Computing Market: Product Movement Analysis
  4.1.1 Natural Language Processing (NLP)
  4.1.2 Cloud cognitive computing market, 2017 - 2030 (USD Billion)
  4.1.3 Machine Learning
  4.1.4 Cloud cognitive computing market, 2017 - 2030 (USD Billion)
  4.1.5 Automated Reasoning
  4.1.6 Cloud cognitive computing market, 2017 - 2030 (USD Billion)
  4.1.7 Information Retrieval
  4.1.8 Cloud cognitive computing market, 2017 - 2030 (USD Billion)

CHAPTER 5 COGNITIVE COMPUTING DEPLOYMENT ESTIMATES & TREND ANALYSIS

5.1 Cognitive Computing Market: Deployment Movement Analysis
5.2 Cloud
  5.2.1 Cloud cognitive computing market, 2017 - 2030 (USD Billion)
5.3 On-premise
  5.3.1 On-premise cognitive computing market, 2017 - 2030 (USD Billion)

CHAPTER 6 COGNITIVE COMPUTING APPLICATION ESTIMATES & TREND ANALYSIS

6.1 Cognitive Computing Market: Application Movement Analysis
6.2 Healthcare
  6.2.1 Cognitive computing in healthcare applications, 2017 - 2030 (USD Billion)
6.3 IT & telecommunication
  6.3.1 Cognitive computing demand in IT & telecommunication applications, 2017 - 2030 (USD Billion)
6.4 BFSI
  6.4.1 Cognitive computing in BFSI applications, 2017 - 2030 (USD Billion)
6.5 Security
  6.5.1 Cognitive computing demand in security applications, 2017 - 2030 (USD Billion)
6.6 Retail
  6.6.1 Cognitive computing in retail applications, 2017 - 2030 (USD Billion)
6.7 Aerospace & defense
  6.7.1 Cognitive computing in aerospace & defense applications, 2017 - 2030 (USD Billion)
6.8 Others
  6.8.1 Cognitive computing market in other applications, 2017 - 2030

CHAPTER 7 COGNITIVE COMPUTING REGIONAL ESTIMATES & TREND ANALYSIS

7.1 North America
  7.1.1 North America cognitive computing market, by technology 2017 - 2030 (USD Billion)
  7.1.2 North America cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
  7.1.3 North America cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.1.4 U.S.
    7.1.4.1 U.S. cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.1.4.2 U.S. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.1.4.3 U.S. cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.1.5 Canada
    7.1.5.1 Canada cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.1.5.2 Canada cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.1.5.3 Canada cognitive computing market, by application 2017 - 2030 (USD Billion)
7.2 Europe
  7.2.1 Europe cognitive computing market, by technology 2017 - 2030 (USD Billion)
  7.2.2 Europe cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
  7.2.3 Europe cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.2.4 Germany
    7.2.4.1 Germany cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.2.4.2 Germany cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.2.4.3 Germany cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.2.5 U.K.
    7.2.5.1 U.K. cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.2.5.2 U.K. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.2.5.3 U.K. cognitive computing market, by application 2017 - 2030 (USD Billion)
7.3 Asia Pacific
  7.3.1 Asia Pacific cognitive computing market, by technology 2017 - 2030 (USD Billion)
  7.3.2 Asia Pacific cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
  7.3.3 Asia Pacific cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.3.4 China
    7.3.4.1 China cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.3.4.2 China cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.3.4.3 China cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.3.5 India
    7.3.5.1 India cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.3.5.2 India. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.3.5.3 India cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.3.6 Japan
    7.3.6.1 Japan cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.3.6.2 Japan. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.3.6.3 Japan cognitive computing market, by application 2017 - 2030 (USD Billion)
7.4 Latin America
  7.4.1 Latin America cognitive computing market, by technology 2017 - 2030 (USD Billion)
  7.4.2 Latin America cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
  7.4.3 Latin America cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.4.4 Brazil
    7.4.4.1 Brazil cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.4.4.2 Brazil cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.4.4.3 Brazil cognitive computing market, by application 2017 - 2030 (USD Billion)
  7.4.5 Mexico
    7.4.5.1 Mexico cognitive computing market, by technology 2017 - 2030 (USD Billion)
    7.4.5.2 Mexico cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
    7.4.5.3 Mexico cognitive computing market, by application 2017 - 2030 (USD Billion)
7.5 MEA
  7.5.1 MEA cognitive computing market, by technology 2017 - 2030 (USD Billion)
  7.5.2 MEA cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
  7.5.3 MEA cognitive computing market, by application 2017 - 2030 (USD Billion)

CHAPTER 8 COMPETITIVE LANDSCAPE

8.1 Company Profiles
  8.1.1 CognitiveScale
    8.1.1.1 Company overview
    8.1.1.2 Product benchmarking
    8.1.1.3 Recent developments
  8.1.2 PTC
    8.1.2.1 Company overview
    8.1.2.2 Financial performance
    8.1.2.3 Product benchmarking
    8.1.2.4 Recent developments
  8.1.3 Enterra Solutions
    8.1.3.1 Company overview
    8.1.3.2 Financial performance
    8.1.3.3 Product benchmarking
    8.1.3.4 Recent developments
  8.1.4 Google
    8.1.4.1 Company overview
    8.1.4.2 Financial performance
    8.1.4.3 Product benchmarking
    8.1.4.4 Recent developments
  8.1.5 HP Development Company, L.P.
    8.1.5.1 Company overview
    8.1.5.2 Financial performance
    8.1.5.3 Product benchmarking
    8.1.5.4 Recent developments
  8.1.6 IBM
    8.1.6.1 Company overview
    8.1.6.2 Financial performance
    8.1.6.3 Product benchmarking
    8.1.6.4 Recent developments
  8.1.7 Microsoft Corporation
    8.1.7.1 Company overview
    8.1.7.2 Financial performance
    8.1.7.3 Product benchmarking
    8.1.7.4 Recent developments
  8.1.8 Nuance Communications Inc.
    8.1.8.1 Company overview
    8.1.8.2 Financial performance
    8.1.8.3 Product benchmarking
    8.1.8.4 Recent developments
  8.1.9 Numenta
    8.1.9.1 Company overview
    8.1.9.2 Financial performance
    8.1.9.3 Product benchmarking
  8.1.10 Oracle Corporation
    8.1.10.1 Company overview
    8.1.10.2 Financial performance
    8.1.10.3 Product benchmarking
    8.1.10.4 Recent developments
  8.1.11 Palantir
    8.1.11.1 Company overview
    8.1.11.2 Financial performance
    8.1.11.3 Product benchmarking
    8.1.11.4 Recent developments
  8.1.12 Saffron Technology
    8.1.12.1 Company overview
    8.1.12.2 Financial performance
    8.1.12.3 Product benchmarking
    8.1.12.4 Recent developments
  8.1.13 SAP
    8.1.13.1 Financial performance
    8.1.13.2 Product benchmarking
    8.1.13.3 Recent developments
  8.1.14 Statistical Analytics Software (SAS)
    8.1.14.1 Company overview
    8.1.14.2 Financial performance
    8.1.14.3 Recent developments
  8.1.15 Tibco Software
    8.1.15.1 Company overview
    8.1.15.2 Financial performance
    8.1.15.3 Product benchmarking
    8.1.15.4 Recent developments
  8.1.16 Vicarious
    8.1.16.1 Company overview
    8.1.16.2 Financial performance
    8.1.16.3 Product benchmarking
  8.1.16.-4 Recent developments
LIST OF TABLES

TABLE 1 Global cognitive computing market, 2017 - 2030 (USD Billion)
TABLE 2 Cognitive computing market by region, 2017 - 2030 (USD Billion)
TABLE 3 Cognitive computing market by technology, 2017 - 2030 (USD Billion)
TABLE 4 Cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 5 Cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 6 Global NLP market by region, 2014 – 2025 (USD Billion)
TABLE 7 Machine learning market by region, 2014 – 2025 (USD Billion)
TABLE 8 Global automated reasoning market by region, 2014 – 2025 (USD Billion)
TABLE 9 Global information retrieval market by region, 2014 – 2025 (USD Billion)
TABLE 10 Cloud cognitive computing market, 2017 - 2030 (USD Billion)
TABLE 11 On-premise cognitive computing market, 2017 - 2030 (USD Billion)
TABLE 12 Cognitive computing in healthcare applications, 2017 - 2030 (USD Billion)
TABLE 13 Cognitive computing demand in IT & telecommunication applications, 2017 - 2030 (USD Billion)
TABLE 14 Cognitive computing in BFSI applications, 2017 - 2030 (USD Billion)
TABLE 15 Cognitive computing demand in security applications, 2017 - 2030 (USD Billion)
TABLE 16 Cognitive computing in retail applications, 2017 - 2030 (USD Billion)
TABLE 17 Cognitive computing demand in aerospace & defense applications, 2017 - 2030 (USD Billion)
TABLE 18 Cognitive computing market demand in other applications, 2017 - 2030 (USD Billion)
TABLE 19 North America cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 20 North America cognitive computing market, by type 2017 - 2030 (USD Billion)
TABLE 21 North America cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 22 U.S. cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 23 U.S. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 24 U.S. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 25 Canada cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 26 Canada cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 27 Canada. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 28 Europe cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 29 Europe cognitive computing market, by type 2017 - 2030 (USD Billion)
TABLE 30 Europe cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 31 Germany cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 32 Germany cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 33 Germany. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 34 U.K. cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 35 U.K. cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 36 U.K. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 37 Asia Pacific cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 38 Asia Pacific cognitive computing market, by type 2017 - 2030 (USD Billion)
TABLE 39 Asia Pacific cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 40 China cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 41 China cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 42 China. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 43 India cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 44 India cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 45 India cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 46 Japan cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 47 Japan cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 48 Japan cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 49 Latin America cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 50 Latin America cognitive computing market, by type 2017 - 2030 (USD Billion)
TABLE 51 Latin America cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 52 Brazil cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 53 Brazil cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 54 Brazil cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 55 Mexico cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 56 Mexico cognitive computing market, by deployment type 2017 - 2030 (USD Billion)
TABLE 57 Mexico. cognitive computing market, by application 2017 - 2030 (USD Billion)
TABLE 58 MEA cognitive computing market, by technology 2017 - 2030 (USD Billion)
TABLE 59 MEA cognitive computing market, by type 2017 - 2030 (USD Billion)
TABLE 60 MEA cognitive computing market, by application 2017 - 2030 (USD Billion)
LIST OF FIGURES

FIG. 1 Market snapshot
FIG. 2 Market segmentation
FIG. 3 Cognitive computing - Market size and growth prospects
FIG. 4 Cognitive computing - Value chain analysis
FIG. 5 Market dynamics
FIG. 6 Porter’s five forces analysis
FIG. 7 Penetration & growth prospect mapping
FIG. 8 Key Company Analysis, 2021
FIG. 9 Cognitive computing - PEST analysis
FIG. 10 Cognitive Computing market product outlook key take away
FIG. 11 Cognitive computing market: Product movement analysis
FIG. 12 Cognitive Computing market battery outlook key takeaways
FIG. 13 Cognitive Computing market: Deployment movement analysis
FIG. 14 Cognitive Computing market application outlook key takeaways
FIG. 15 Cognitive Computing market: Deployment movement analysis
FIG. 16 Regional market place: Key takeaways


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