Cognitive Operations Market
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Cognitive Operations Market Size Growth Forecast: What to Expect by 2025?
Recent years have witnessed a monumental surge in the size of the cognitive operations market. Anticipations indicate a growth from a market worth of $13.17 billion in 2024 to $16.25 billion in 2025, marking a compound annual growth rate (CAGR) of 23.4%. This significant expansion in the past period can be traced back to an escalation in cyber threats, increased cases of cyberattacks, challenges relating to incident responses, intricate evolvement of malware, and global connectedness.
How Will the Cognitive Operations Market Size Evolve and Grow by 2029?
The market size of cognitive operations is likely to witness a significant surge over the forthcoming years. It is projected to escalate to $34.65 billion in 2029, growing at an impressive compound annual growth rate (CAGR) of 20.8%. The progress seen in the prediction period could be due to the enhanced adoption of IoT, the need for cloud security, zero-trust security models, an evolving threat landscape, and advanced persistent threats. Noteworthy trends during the forecast period will involve more integration with cloud security, AI-enabled threat intelligence, constant adaption of risk and trust assessment, preservation of privacy technologies, and cooperative intelligence sharing about threats.
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What Drivers Are Propelling the Growth of Cognitive Operations Market Forward?
The anticipated rise in digital transformation is predicted to fuel forward momentum in the cognitive operations market. Digital transformation is the mindful incorporation and enhancement of digital technologies, data-led initiatives, and revolutionary business practices aimed at boosting operational effectiveness, customer engagement, and competitiveness on the whole within a business entity. Cognitive operations are bolstered by digital transformation using leading-edge technologies like artificial intelligence and machine learning, automating mundane tasks, scrutinizing extensive data sets for insightful decision-making, and stimulating cognitive functions resulting in more adaptable, efficient, and intelligent business procedures. For instance, Eurostat, the Luxembourg-based statistics institution of the European Union, revealed that in 2023, 70% of all EU businesses attained a basic digital intensity level in 2022, with small and medium-sized enterprises (SMEs) at 69%, approximately 20% below the EU’s 2030 objective, while large corporations achieved 98%. Thus, the escalation in digital transformation is steering the growth of the cognitive operations market.
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Which Emerging Trends Are Transforming the Cognitive Operations Market in 2025?
Leading companies in the cognitive operations market are innovating through the development of new products like cognitive AI platforms in a bid to maximize their competitive advantage. A cognitive AI platform is a superior tech system that incorporates cognitive computing features like machine learning, pattern recognition, and natural language processing to mimic human intelligence and decision-making abilities. For example, Burson Cohn & Wolfe, a public relations company based in the US, unveiled the Decipher Index in November 2023. This is a platform that utilizes cognitive artificial intelligence (AI) to forecast forthcoming major global macro trends. Collaboratively developed with Limbik, a cognitive AI company based in the US, the Decipher Index can pinpoint over 20 macro themes and issues predicted to stir global interest within the forthcoming 12 months. This provides enterprises and organizations with critical foresight to either mitigate potential crises or seize emerging prospects. The platform’s cognitive AI performs ongoing data analysis, delivering weekly updates and regional ranking data, covering themes from elections and AI through to sustainability and cultural matters. It is designed to equip leaders with real-time intelligence to aid decision-making in an evolving, complex environment.
What Are the Key Segments in the Cognitive Operations Market?
The cognitive operations market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprise, SMEs
3) By Deployment Mode: Cloud, On-Premises
4) By Application: IT Operations Analytics, Application Performance Management, Infrastructure Management, Network Analytics, Security Analytics, Other Applications
5) By Vertical: BFSI (Banking, Financial Services, And Insurance), Healthcare And Life Science, IT And Telecom, Retail And eCommerce, Manufacturing, Government, Media And Entertainment, Other Verticals
Subsegments:
1) By Solutions: Cognitive Analytics Tools, Machine Learning Solutions, Natural Language Processing (NLP) Solutions, Robotic Process Automation (RPA), Decision Management Systems
2) By Services: Consulting Services, Implementation And Integration Services, Managed Services, Training And Support Services
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Who Are the Key Players Shaping the Cognitive Operations Market’s Competitive Landscape?
Major companies operating in the cognitive operations market report are Alphabet Inc., Microsoft Corporation, AppDynamics, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., VMware Inc., ServiceNow Inc., SAS Institute Inc., Micro Focus International PLC, Splunk Inc., BMC Software, Inc., Palantir Technologies Inc., Dynatrace LLC, New Relic Inc., Sumo Logic, Kofax Inc., HCL Technologies, ScienceLogic Inc., CA Technologies, Corvil, Interlink Software Services Ltd., Bay Dynamics Inc., DEVO Technology Inc., Risc Networks, Loom Systems Inc., Correlata Solutions Inc., Cloudfabrix Software Inc., Logz.io, Zenoss Inc.
What Geographic Markets Are Powering Growth in the Cognitive Operations Market?
North America was the largest region in the cognitive operations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive operations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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