Market Research Forecast recently released a report on the cognitive computing market, providing insights up to 2032. The report, containing 232 pages, includes informative tables and graphs. It highlights the latest trends, drivers, constraints, and opportunities impacting the market. The growth of the cognitive computing market is being fueled by increased R&D spending globally.
Key companies profiled in the study include Alphabet, Inc. (Google LCC), Microsoft Corporation, IBM Corporation, SparkCognition, Inc., Tata Consultancy Services, Red Skios, Saffron Technology, Inc., and others.
The market size for cognitive computing was valued at $11.11 billion in 2023, with a projected growth to $36.45 billion by 2032, indicating a CAGR of 18.5%. Cognitive computing technology mimics human cognition abilities and can process, understand, and learn from data in a human-like manner. The market segments include components like platforms and services, technology such as machine learning, deployment options like cloud-based and on-premises, business sizes, and end-users in industries like BFSI, healthcare, retail, IT, and telecommunications.
The report also discusses the increasing demand for Big Data analytics, the adoption of voice and touch-based infotainment systems in smart cars, and the inhibiting factor of high initial costs for market growth. The study aims to help stakeholders gain a better understanding of the market, identify growth opportunities, and analyze investments in various industry verticals.
Geographically, the report covers regions like North America, Europe, Asia Pacific, Oceania, South America, and the Middle East and Africa. The country breakdown includes the United States, Canada, Mexico, Brazil, Argentina, and several others.
The report’s Table of Contents includes chapters on market dynamics, factors analysis, market segmentation, and evaluation of key manufacturers. It serves as a valuable resource for individuals and companies looking for guidance in the cognitive computing market.
Market Research Forecast is a leading market research company that offers quantified B2B research to Fortune 500 companies on emerging opportunities. Their analysts provide detailed statistical analysis of market trends and dynamics, helping clients achieve various market objectives. The research methodology includes reliable primary and secondary data sources to meet clients’ business needs effectively.
Overall, the report serves as an essential tool for those interested in understanding and navigating the cognitive computing market.
Article Source
https://www.openpr.com/news/3513800/cognitive-computing-market-is-going-to-boom-microsoft-ibm
