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Cognitive Computing Market Share

Report ID: GMI10109
Published Date: Jul 2024
Report Format: PDF

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Cognitive Computing Market Share

IBM & Amazon Web Services, Inc. together held over 15% share of the cognitive computing industry in 2023. IBM is a multinational technology and consulting company headquartered in Armonk, New York. Established in 1911, it has a long-standing reputation for innovations and has played a pivotal role in shaping the computing industry over the decades. IBM invests heavily in AI research and development, advancing cognitive computing through projects in AI ethics, quantum computing, and hybrid cloud technologies.

Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments on a metered pay-as-you-go basis. AWS offers a wide range of cloud services, including computing power, storage solutions, database management, machine learning, and AI capabilities through its AWS AI services.

Cognitive Computing Market Companies

Major key players operating in the cognitive computing industry are:

IBM
Amazon Web Services, Inc.
Oracle
Hitachi Vantara
Hewlett Packard Enterprise
NetApp
Cloudera Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of cognitive computing was reached USD 41.1 billion in 2023 and is anticipated to grow at over 30% CAGR between 2024 and 2032, driven by the rising use of AI to automate complex tasks.

The services segment in the cognitive computing market will witness over 30% CAGR between 2024 and 2032, as there is a strong demand for consulting services to assist organizations in strategizing, planning, and implementing.

Asia Pacific cognitive computing market size is estimated to reach USD 90 billion by 2032 supported by the expansion of hyperscale cloud providers.

IBM, Amazon Web Services, Inc., Oracle, Hitachi Vantara, Hewlett Packard Enterprise, NetApp, and Cloudera Inc.