Global Market Size of Cognitive Computing Market – 10 Year Market Forecast

ICT

Cognitive Computing Market Size Forecast 2022-2029

Cognitive computing is a next-generation system specifically designed for processing and analyzing large & unstructured datasets. It brings human-like intelligence to various business applications and interacts with human language to help experts understand the complexity of unstructured data and make better decisions from the results. Over the study period, Europe is expected to be the largest market with the highest growth rate, followed by North America and APAC. The global cognitive computing market size is anticipated to grow from USD 33.36 billion in 2022 to USD 95.68 billion by 2029, registering a CAGR of 16%. The cumulative market size is calculated to be USD 514 billion.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based market research and intelligence tool that provides up to date market information about 600+ markets including cognitive computing sector.
• How is the market segmented based on development mode?

• Based on development mode the market is segmented into on-premise, cloud and and hybrid.
• Which is the largest sub-segment of the development mode segment?

• Hybrid is the largest sub-segment of the development mode segment.
• Which business function accounts for the smallest market shares?

• The business function, operations accounts for the smallest market shares.
• Which segment is expected to be the largest market for cognitive computing?

• The European region is expected to be the largest market for cognitive computing.

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