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Cognitive Computing Market Trends

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

Cognitive Computing Market Trends

The rising trends in personalized customer experiences through cloud-based cognitive computing are characterized by advanced analytics, real-time processing capabilities, and enhanced AI-powered personalization. Businesses are increasingly leveraging cloud infrastructure to gather and analyze huge amounts of customer data, enabling intricate insights into behaviors & preferences. This data-driven approach helps in the deployment of AI models that deliver personalized recommendations and services in real-time, across various channels.
 

The growing adoption of IoT in healthcare is significantly enhanced by cognitive computing, which provides advanced analytics and decision-making capabilities. Cognitive computing processes real-time data from IoT-enabled devices, such as wearables and medical sensors, to monitor patient health continuously. It can detect anomalies and alert healthcare providers promptly. Cognitive computing powers virtual health assistants that interact with patients through IoT devices, providing medical advice, reminders for medication, and answering health-related queries.

xperiences through cloud-based cognitive computing are characterized by advanced analytics, real-time processing capabilities, and enhanced AI-powered personalization. Businesses are increasingly leveraging cloud infrastructure to gather and analyze huge amounts of customer data, enabling intricate insights into behaviors & preferences. This data-driven approach helps in the deployment of AI models that deliver personalized recommendations and services in real-time, across various channels.

The growing adoption of IoT in healthcare is significantly enhanced by cognitive computing, which provides advanced analytics and decision-making capabilities. Cognitive computing processes real-time data from IoT-enabled devices, such as wearables and medical sensors, to monitor patient health continuously. It can detect anomalies and alert healthcare providers promptly. Cognitive computing powers virtual health assistants that interact with patients through IoT devices, providing medical advice, reminders for medication, and answering health-related queries.

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.

Cognitive Computing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 416
  • Countries covered: 22
  • Pages: 220
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