Report Highlights
The global market for cognitive computing should grow from $32.5 billion in 2021 to $147.8 billion by 2026 with a compound annual growth rate (CAGR) of 35.4% for the period of 2021-2026.
Report Includes
- 51 data tables and 34 additional tables
- An up-to-date overview of the global markets for cognitive computing technologies and applications
- Analyses of the global market trends, with data from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the cognitive computing market size, and corresponding market share analysis by component, deployment mode, organization size, application, end-user vertical, and geographic region
- In-depth information (facts and figures) concerning market drivers, market deterrents and other macroeconomic forces affecting the current and future market outlook
- Highlights of the upcoming market potential and areas of focus to forecast this market into various segments and sub-segments
- Insight into the recent industry structure, current competitive landscape, increasing investment on R&D activities, key growth strategies, and company revenue share analysis
- Descriptive company profiles of the leading global players, including Accenture plc, Cisco Systems Inc., Hewlett Packard Enterprise, Microsoft, Intel Corp. and NVIDIA
Report Scope
In this report, the market has been segmented based on component, deployment mode, organization size, end user, application, and geography. It provides an overview of the global cognitive computing market and analyses market trends. Using 2020 as the base year, the report provides estimated market data for the designated forecast period from 2021 to 2026. Revenue forecasts for this period are segmented based on component, deployment mode, organization size, end user, application, and geography. Market values have been estimated based on the total revenue of cognitive computing solution providers.
The report covers the market for cognitive computing regarding the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for cognitive computing in 2020 and provides projections for the expected market size through 2026.
The scope of the study includes cognitive computing solutions and associated services, and services associated with the platform. Hardware (e.g., data centers), however, have been excluded from the study.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2020 | ||||||||||||||||||||||||
| Forecast period considered | 2021-2026 | ||||||||||||||||||||||||
| Base year market size | $24.5 billion | ||||||||||||||||||||||||
| Market size forecast | $147.8 billion | ||||||||||||||||||||||||
| Growth rate | CAGR of 35.4% for the forecast period of 2021-2026 | ||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||
| Segments covered | Component, deployment mode, organization size, end user, application, and region | ||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World | ||||||||||||||||||||||||
| Countries covered | U.S., Canada, Germany, the U.K., China, India, and Africa | ||||||||||||||||||||||||
| Key Market Drivers |
|
||||||||||||||||||||||||
| Companies studied |
|
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Antenna: Including Patch, Embedded, Fractal, Smart and Reflectors (IFT073G)
- Semiconductor Devices for High-Temperature Applications: Market Opportunities (SMC114B)
- Grid-Scale Electricity Storage Technologies: Global Markets (EGY142C)
- Global Lithium-ion Battery Market (FCB067A)
- Current Research and Development Status of Chimeric Antigen Receptor (CAR) T-Cell Therapy Market (BIO162C)
Report Highlights
The global market for cognitive computing will grow from $6.0 billion in 2017 to $24.1 billion by 2022, with a compound annual growth rate (CAGR) of 32.1% for the period of 2017-2022.
Related Reports
2023 Enterprise Management Solutions Research Review
The Information Technology industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years. This report provides a sampling of the types of quantitative market information, analysis and guidance that has been aiding business decision making since the inception of BCC Research in 1971.
2023 Emerging Technologies Research Review
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. These Research Reviews include portions of several market research reports that were published in 2023.
Global Spatial Computing Market
This report provides an overview of the global spatial computing market size analysis and a detailed analysis of the market player’s products and strategies. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on component, technology, industry, and geography.
Global High Performance Computing Market
The report provides an overview of the global high performance computing market size analysis and a detailed analysis of the market player’s products and strategies. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on component, deployment, organization size, industry, and geography. The report also focuses on the significant driving trends and challenges that affect the market and the vendor landscape.
Recent Reports
Antenna: Including Patch, Embedded, Fractal, Smart and Reflectors
The global antennas market is expected to grow from $23.6 billion in 2024 and is projected to reach $34.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period of 2024 to 2029.
2024 AI & IoT Technology Research Review
This 2024 Research Review of AI & IoT Technology Market provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
AI in Healthcare Regional Analysis Market: Middle East and North Africa
This report provides an analysis of artificial intelligence (AI) in healthcare markets in the Middle East and North Africa (MENA) region. It covers various aspects of the market, including technological advances, economic factors, and business considerations, and provides insights into the different segments. The report delves into the key players engaged in healthcare AI industry.
Global Satellite Internet Market
Satellite internet technology has advanced significantly in recent years, competing with more established land-based internet providers like fiber and cable. These developments have increased satellite internet speed, lowered latency, and reached new regions. The creation of LEO satellite constellations is a noteworthy technological advance in satellite internet. Another significant development is the adoption of HTS, which considerably expands the volume of data that can be sent between satellites and users.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Top Trending Reports
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Cell-Based Assays: Technologies and Global Markets
The global market for cell-based assays is estimated to increase from $35.3 billion in 2024 to reach $56.3 billion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Global Markets for Chemicals for Cosmetics & Toiletries
The global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029.
Medical Devices Industry: Competitive Landscape
The global market for medical devices is estimated to increase from $810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More