Driving Innovation: Direct Imaging vs. Conventional Exposure
It’s Only Common Sense: Selling to Today's Generation of Buyers
Dan’s Biz Bookshelf: ‘Believe in Better'
Cognitive Computing Market to Expand due to Growing Adoption of the Connected Devices
January 29, 2019 | PRNewswireEstimated reading time: 2 minutes
Transparency Market Research (TMR) observers the global cognitive computing market has a highly competitive landscape. Some of the key players operating in the global cognitive computing market are Google, Inc., IBM Corporation, Accenture, Inc., Cisco Systems, Inc., and Microsoft Corporation. These prominent players are increasingly trying to develop low-cost cognitive computing technologies. These players are identifying the potential growth of cognitive computing by machine learning and the development of innovative solutions in the market.
According to TMR, the global cognitive computing market achieved the revenue of the $29.67 billion in 2016, is expected to expand with the CAGR of the 49.9% for attaining a value of $1.0 trillion by the end of the year 2025.
Based on the raw material, the healthcare segment accounting for the leading share in the global cognitive computing market in the year 2016 and is expected to expand with the fast pace. On the basis of deployment type, the cloud segment is accounting for the largest share in 2016 of about 65.4% share in the overall market. Based on the region, North America dominated the global cognitive computing market in the year 2016 and is expected to remain dominant over the forecast period.
Rising Adoption of the Connected Devices to Propel Growth of the Market
Rising usage of cloud-based applications is a key factor driving the growth of the global cognitive computing market. Cognitive computing has exceptional benefits such as automation, tabulation, and processing which is fuelling adoption of the cognitive computing and driving growth of the global cognitive computing market. Additionally, development in the all-sized business and growing productivity is boosting the growth of the global cognitive computing market.
The cognitive computing supports complex decisions involving volumes of fast-moving data coupled with the uptake of natural language processing and machine learning, which interact easily. This advancement is propelling adoption of cognitive computing and likely to drive the growth of the global cognitive computing market. In addition, rising adoption of the artificial intelligence (AI) and machine learning technologies in the numerous industries is boosting adoption of the cognitive computing and likely to fuel growth of the global cognitive computing market.
Widening Application of Cognitive Computing to Propel Growth of Market
Additionally, widening adoption of cognitive computing in the numerous end-use industries such as healthcare, manufacturing, BSFI, retail, and government institutions are boosting the growth of the global cognitive computing market.
The advent of troublesome technologies based on AI technologies especially in the retail sector is expected to offer lucrative opportunities for players to grow at a fast pace. However, the high initial investment for the development of cognitive computing technologies is hampering the growth of the global cognitive computing market. Additionally, this requirement of vast funds for deploying and setup of the solutions at enterprise-scale are hampering the growth of the market.
Share on:
Suggested Items
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
The Big Picture: Our Big ‘Why’ in the Age of AI
06/25/2025 | Mehul Davé -- Column: The Big PictureWith advanced technology, Tesla, Google, Microsoft, and OpenAI can quickly transform life as we know it. Several notable artificial intelligence (AI) studies, including the 2024 McKinsey Global Survey on AI, have offered insights into AI’s adoption, impact, and trajectory. The McKinsey study revealed that AI adoption continues to grow, with 50% of respondents reporting using AI in at least one business area.
Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
06/11/2025 | GlobeNewswireAccording to the latest study from BCC Research, the “Global Markets for Roll-to-Roll Technologies for Flexible Devices” is expected to reach $69.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029.
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.