The Cognitive Computing Market Size was valued at USD 27.90 Billion in 2023, and is expected to reach USD 293.24 Billion by 2032, and grow at a CAGR of 31.54% over the forecast period 2024-2032..
The Cognitive Computing Market leverages AI, machine learning, and natural language processing to simulate human thought processes. It is used in applications like customer service chatbots, predictive analytics, and decision support systems.
Market growth is driven by advancements in AI, the proliferation of unstructured data, and the demand for personalized customer experiences. IBM Watson, Google AI, and Microsoft Azure are leading players in this space.
As businesses continue integrating AI into their operations, the cognitive computing market is expected to flourish, revolutionizing decision-making and problem-solving processes.
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