Cognitive Computing Market, By Deployment Type, By End user, By Application, By Industry, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Aug 2023

Code : CMI3552

Pages :140

Formats :

Excel and PDF

Industry : Information and Communication Technology

Cognitive Computing MarketSize and Trends

The global cognitive computing market size was valued at US$ 29.13 Bn in 2022, exhibiting a Compound Annual Growth Rate (CAGR) of 29.4% from 2023 to 2030.

The global cognitive computing market is a rapidly growing sector within the broader field of Artificial Intelligence (AI). Cognitive computing involves the use of advanced algorithms, machine learning, Natural Language Processing (NLP), and data analytics to mimic human thought processes and decision-making abilities. It enables machines to understand, learn, reason, and interact with humans in a more natural and intelligent manner.

Figure 1. Global Cognitive Computing Market Share (%), By Region, 2022

Figure 2. Global Cognitive Computing Market Value (US$ Bn) Analysis and Forecast,

The global cognitive computing market was valued at US$ 29.13 Billion in 2022 and is expected to reach US$ 227.3 Billion by 2030, exhibiting a CAGR of 29.4% between 2023 and 2030.