Cognitive Computing Market 2025: Current Trends, Opportunities and Future Growth Challenges for 2037
Analysis of Cognitive Computing Market Size by Research Nester Reveals the Market to Register a CAGR of ~23.5% During 2025-2037 and Reach ~USD 758.7 billion by 2037
Research Nester assesses the growth and market size of the global cognitive computing market which is anticipated to account for the increasing adoption of integrated cloud platforms and artificial intelligence
Research Nester’s recent market research analysis on “Cognitive Computing Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor analysis and overview of the global cognitive computingmarket in terms of market segmentation by technology, application, deployment, and by region.
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Developments in Enabling Technologies to Promote Global Market Share of Cognitive Computing
Businesses are steadily shifting to cognitive cloud computing to increase revenue, reduce costs, and improve organizational effectiveness. Companies are also focusing on implementing cloud-based services, such as cognitive computing solutions, to fulfill the needs of real-time use cases, such as product creation and supply chain optimization. As demand from a variety of industries and businesses grows, the major players in the market concentrate on developing a cognitive cloud computing platform.
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Some of the major growth factors and challenges that are associated with the growth of the global cognitive computingmarket are:
Growth Drivers:
- Increasing Interest in Cloud-Based Cognitive Technologies
- Rising Investments in Developing Advanced Cognitive Computing Solutions
Challenges:
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Deployment of cognitive solutions requires a large upfront cost to set up infrastructure and maintenance architecture, which raises running costs. The procedure of setup and operation requires a lot more work and resources such as electricity, network components, and data centers. Moreover, worries about unclear compliance requirements and government restrictions are expected to limit the expansion of the cognitive computing industry.
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By technology, the global cognitive computingmarket is segmented into natural language processing, machine learning, automated reasoning, and information retrieval. The natural language processing segment is to garner the highest revenue by the end of 2037. According to prevailing trends, the growth of NLP has aided in the global advancement of cognitive technology in IT infrastructure.
By region, the Europe cognitive computingmarket is expected to generate significant revenue growth during the forecast period owing to rising demand for big data analytics across several industries, including IT and telecom, aerospace & military, and healthcare. The increasing volume of data and the widespread use of big data techniques enhance the use of big data analytics, boosting overall market growth in Europe.
This report also provides the existing competitive scenario of some of the key players of the global cognitive computingmarket which includes company profiling of Expert System S.p.A., SparkCognition Inc, Microsoft Corporation, VERSES Technologies Inc., International Business Machines Corporation, Cisco Systems, DeepMind Technologies Limited, and SVT RoboticsTM and others.
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