Connect with us

Hi, what are you looking for?

Cognitive Systems Market Size To Reach US$ 201.1 Billion by 2028

IMARC Group’s latest report, titled “Cognitive Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global cognitive systems market size reached US$ 35.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 201.1 Billion by 2028, exhibiting a growth rate (CAGR) of 30.94% during 2023-2028.

Cognitive systems refer to self-learning technologies combining natural language processing and machine learning (ML) to ease the interaction between humans and machines. They process a considerable amount of data to respond to queries and make intelligent recommendations according to the requirements of an individual. Cognitive systems mimic the way a human brain works by analyzing, learning, and assessing human thought processes and improving decision-making. They analyze developing patterns, identify business possibilities, manage crucial process-related issues in real-time, etc. Cognitive systems improve consumer relationships by giving useful, relevant, and contextual information.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/cognitive-systems-market/requestsample


Competitive Landscape with Key Players: 

  • International Business Machines (IBM) Corporation
  • Infosys Limited
  • HP Inc
  • Microsoft Corporation
  • SAP SE

Cognitive Systems Market Demand and Growth:

The increasing digitalization and the expanding banking, financial services and insurance (BFSI) industry across countries are primarily augmenting the cognitive systems market. Furthermore, the inflating requirement for predictive analytics to improve the cost-effectiveness of the production process is positively influencing the global market. Apart from this, the escalating demand for cognitive systems to manage large unstructured data in numerous sectors is acting as another significant growth-inducing factor. Moreover, the widespread adoption of the Internet of Things (IoT) in cognitive systems is also bolstering the market growth. Besides this, the rising usage of these systems to enhance health information sharing, allow physicians to make better diagnosis and treatment decisions, identify the most critical attributes of a medical case, create personalized treatment plans, uncover new insights into diseases, etc., is further catalyzing the global market. Additionally, they are gaining extensive traction among researchers to improve clinical trials and unlock new opportunities in the healthcare sector, which is expected to fuel the cognitive systems market in the coming years.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/cognitive-systems-market

Key Market Segmentation: 

Breakup by Product Type:

  • Software
  • Services
  • Hardware 

Breakup by End-Use Sector:

  • Banking Sector
  • Retail Sector
  • Healthcare Sector
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape 

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. 

Browse More Research Reports:

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 

 

Written By

You may also like:

Tech & Science

Under new legislation that passed the House of Representatives last week, TikTok could be banned in the United States.

Social Media

Wanna buy some ignorance? You’re in luck.

Life

Platforms like Instagram and Pinterest often suggest travel destinations based on your likes and viewing habits.

Business

United Airlines CEO Scott Kirby said the carrier was reviewing recent incidents and would redouble safety initiatives as needed - Copyright AFP Logan CyrusUnited...