The North America Cognitive Computing Market would witness market growth of 31.4% CAGR during the forecast period (2023-2030).
Cognitive computing is a platform for technology founded on the scientific principles of artificial intelligence (AI) and signal processing. Due to its innate ability to process natural language exchanges, natural language processing (NLP) is the most widely used technology. The more impressive advancement of data science has been made possible by the expanded application of big data, automated reasoning, machine learning technologies, AI, and probabilistic logic. Cognitive systems can make decisions one step ahead of engagement systems. Utilizing reinforcement learning, these systems are modeled. Cognitive systems make decisions based on fresh data, results, and actions. Tracing a decision's origins and modifying a system's response's confidence score is necessary for autonomous decision-making.
The recommendation engine of the solution is based on its capacity to decipher meaning and analyze questions in the context of natural language and complex medical data, including doctors' notes, patient records, medical annotations, and clinical comments. The solution gets steadily more accurate as it learns. Clinicians can spend more time with patients when decision-support tools and paperwork are made available.
North America has a wealth of data, both structured and unstructured. Cognitive computing systems excel at processing and extracting insights from large datasets, making them valuable tools for businesses wanting to leverage their data for competitive advantage. The region has numerous tech companies, research institutions, and startups working on cognitive computing technologies. The usage of telemedicine has resulted in a significant decrease in healthcare expenses in this nation, according to statistics from consulting company Deloitte. This is because telemedicine eliminates needless travel, shortens wait times, and enables quicker and more effective therapy. Thus, the extensive support for innovative technologies’ adoption from regional governments substantially aid in the expansion of the market.
The US market dominated the North America Cognitive Computing Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $73.1 billion by 2030. The Canada market is poised to grow at a CAGR of 34.4% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 33.2% during (2023 - 2030).
Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Technology, the market is segmented into Natural Language Processing (NLP), Machine Learning and Automated Reasoning & Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Healthcare, BFSI, Retail & E-commerce, Manufacturing, IT & Telecom, Government & Defense, Energy & Power and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Cognitive Computing Market is Projected to reach USD 278.8 Billion by 2030, at a CAGR of 32.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Google LLC, Tibco Software Inc., 3M Company, Microsoft Corporation, SAS Institute Inc., TATA Consultancy Services Limited, IBM Corporation, Hewlett Packard Enterprise Development LP, and Oracle Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By Technology
- Natural Language Processing (NLP)
- Machine Learning
- Automated Reasoning & Others
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Vertical
- Healthcare
- BFSI
- Retail & E-commerce
- Manufacturing
- IT & Telecom
- Government & Defense
- Energy & Power
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Google LLC
- Tibco Software Inc.
- 3M Company
- Microsoft Corporation
- SAS Institute Inc.
- TATA Consultancy Services Limited
- IBM Corporation
- Hewlett Packard Enterprise Development LP
- Oracle Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cognitive Computing Market, by Deployment Type
1.4.2 North America Cognitive Computing Market, by Technology
1.4.3 North America Cognitive Computing Market, by Enterprise Size
1.4.4 North America Cognitive Computing Market, by Vertical
1.4.5 North America Cognitive Computing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2023, May) Leading Players
4.5 Porter’s Five Force Analysis
Chapter 5. North America Cognitive Computing Market, By Deployment Type
5.1 North America On-premise Market, By Country
5.2 North America Cloud Market, By Country
Chapter 6. North America Cognitive Computing Market, By Technology
6.1 North America Natural Language Processing (NLP) Market, By Country
6.2 North America Machine Learning Market, By Country
6.3 North America Automated Reasoning & Others Market, By Country
Chapter 7. North America Cognitive Computing Market, By Enterprise Size
7.1 North America Large Enterprises Market, By Country
7.2 North America Small & Medium-sized Enterprises Market, By Country
Chapter 8. North America Cognitive Computing Market, By Vertical
8.1 North America Healthcare Market, By Country
8.2 North America BFSI Market, By Country
8.3 North America Retail & E-commerce Market, By Country
8.4 North America Manufacturing Market, By Country
8.5 North America IT & Telecom Market, By Country
8.6 North America Government & Defense Market, By Country
8.7 North America Energy & Power Market, By Country
8.8 North America Others Market, By Country
Chapter 9. North America Cognitive Computing Market, By Country
9.1 US Cognitive Computing Market
9.1.1 US Cognitive Computing Market, By Deployment Type
9.1.2 US Cognitive Computing Market, By Technology
9.1.3 US Cognitive Computing Market, By Enterprise Size
9.1.4 US Cognitive Computing Market, By Vertical
9.2 Canada Cognitive Computing Market
9.2.1 Canada Cognitive Computing Market, By Deployment Type
9.2.2 Canada Cognitive Computing Market, By Technology
9.2.3 Canada Cognitive Computing Market, By Enterprise Size
9.2.4 Canada Cognitive Computing Market, By Vertical
9.3 Mexico Cognitive Computing Market
9.3.1 Mexico Cognitive Computing Market, By Deployment Type
9.3.2 Mexico Cognitive Computing Market, By Technology
9.3.3 Mexico Cognitive Computing Market, By Enterprise Size
9.3.4 Mexico Cognitive Computing Market, By Vertical
9.4 Rest of North America Cognitive Computing Market
9.4.1 Rest of North America Cognitive Computing Market, By Deployment Type
9.4.2 Rest of North America Cognitive Computing Market, By Technology
9.4.3 Rest of North America Cognitive Computing Market, By Enterprise Size
9.4.4 Rest of North America Cognitive Computing Market, By Vertical
Chapter 10. Company Profiles
10.1 Oracle Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 IBM Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Microsoft Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 SAS Institute, Inc.
10.4.1 Company Overview
10.4.2 Recent strategies and developments:
10.4.2.1 Partnerships, Collaborations, and Agreements:
10.4.2.2 Acquisition and Mergers:
10.4.3 SWOT Analysis
10.5 SAP SE
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Hewlett Packard Enterprise Company
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Tata Consultancy Services Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Google LLC (Alphabet Inc.)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 3M Company
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. Tibco Software, Inc. (Vista Equity Partners)
10.10.1 Company Overview
10.10.2 SWOT Analysis
TABLE 1 North America Cognitive Computing Market, 2019 - 2022, USD Million
TABLE 2 North America Cognitive Computing Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cognitive Computing Market
TABLE 4 Product Launches And Product Expansions– Cognitive Computing Market
TABLE 5 Acquisition and Mergers– Cognitive Computing Market
TABLE 6 North America Cognitive Computing Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 7 North America Cognitive Computing Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 8 North America On-premise Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America On-premise Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 11 North America Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 12 North America Cognitive Computing Market, By Technology, 2019 - 2022, USD Million
TABLE 13 North America Cognitive Computing Market, By Technology, 2023 - 2030, USD Million
TABLE 14 North America Natural Language Processing (NLP) Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Natural Language Processing (NLP) Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America Machine Learning Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America Machine Learning Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Automated Reasoning & Others Market, By Country, 2019 - 2022, USD Million
TABLE 19 North America Automated Reasoning & Others Market, By Country, 2023 - 2030, USD Million
TABLE 20 North America Cognitive Computing Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 21 North America Cognitive Computing Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 22 North America Large Enterprises Market, By Country, 2019 - 2022, USD Million
TABLE 23 North America Large Enterprises Market, By Country, 2023 - 2030, USD Million
TABLE 24 North America Small & Medium-sized Enterprises Market, By Country, 2019 - 2022, USD Million
TABLE 25 North America Small & Medium-sized Enterprises Market, By Country, 2023 - 2030, USD Million
TABLE 26 North America Cognitive Computing Market, By Vertical, 2019 - 2022, USD Million
TABLE 27 North America Cognitive Computing Market, By Vertical, 2023 - 2030, USD Million
TABLE 28 North America Healthcare Market, By Country, 2019 - 2022, USD Million
TABLE 29 North America Healthcare Market, By Country, 2023 - 2030, USD Million
TABLE 30 North America BFSI Market, By Country, 2019 - 2022, USD Million
TABLE 31 North America BFSI Market, By Country, 2023 - 2030, USD Million
TABLE 32 North America Retail & E-commerce Market, By Country, 2019 - 2022, USD Million
TABLE 33 North America Retail & E-commerce Market, By Country, 2023 - 2030, USD Million
TABLE 34 North America Manufacturing Market, By Country, 2019 - 2022, USD Million
TABLE 35 North America Manufacturing Market, By Country, 2023 - 2030, USD Million
TABLE 36 North America IT & Telecom Market, By Country, 2019 - 2022, USD Million
TABLE 37 North America IT & Telecom Market, By Country, 2023 - 2030, USD Million
TABLE 38 North America Government & Defense Market, By Country, 2019 - 2022, USD Million
TABLE 39 North America Government & Defense Market, By Country, 2023 - 2030, USD Million
TABLE 40 North America Energy & Power Market, By Country, 2023 - 2030, USD Million
TABLE 41 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 43 North America Cognitive Computing Market, By Country, 2019 - 2022, USD Million
TABLE 44 North America Cognitive Computing Market, By Country, 2023 - 2030, USD Million
TABLE 45 US Cognitive Computing Market, 2019 - 2022, USD Million
TABLE 46 US Cognitive Computing Market, 2023 - 2030, USD Million
TABLE 47 US Cognitive Computing Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 48 US Cognitive Computing Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 49 US Cognitive Computing Market, By Technology, 2019 - 2022, USD Million
TABLE 50 US Cognitive Computing Market, By Technology, 2023 - 2030, USD Million
TABLE 51 US Cognitive Computing Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 52 US Cognitive Computing Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 53 US Cognitive Computing Market, By Vertical, 2019 - 2022, USD Million
TABLE 54 US Cognitive Computing Market, By Vertical, 2023 - 2030, USD Million
TABLE 55 Canada Cognitive Computing Market, 2019 - 2022, USD Million
TABLE 56 Canada Cognitive Computing Market, 2023 - 2030, USD Million
TABLE 57 Canada Cognitive Computing Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 58 Canada Cognitive Computing Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 59 Canada Cognitive Computing Market, By Technology, 2019 - 2022, USD Million
TABLE 60 Canada Cognitive Computing Market, By Technology, 2023 - 2030, USD Million
TABLE 61 Canada Cognitive Computing Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 62 Canada Cognitive Computing Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 63 Canada Cognitive Computing Market, By Vertical, 2019 - 2022, USD Million
TABLE 64 Canada Cognitive Computing Market, By Vertical, 2023 - 2030, USD Million
TABLE 65 Mexico Cognitive Computing Market, 2019 - 2022, USD Million
TABLE 66 Mexico Cognitive Computing Market, 2023 - 2030, USD Million
TABLE 67 Mexico Cognitive Computing Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 68 Mexico Cognitive Computing Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 69 Mexico Cognitive Computing Market, By Technology, 2019 - 2022, USD Million
TABLE 70 Mexico Cognitive Computing Market, By Technology, 2023 - 2030, USD Million
TABLE 71 Mexico Cognitive Computing Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 72 Mexico Cognitive Computing Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 73 Mexico Cognitive Computing Market, By Vertical, 2019 - 2022, USD Million
TABLE 74 Mexico Cognitive Computing Market, By Vertical, 2023 - 2030, USD Million
TABLE 75 Rest of North America Cognitive Computing Market, 2019 - 2022, USD Million
TABLE 76 Rest of North America Cognitive Computing Market, 2023 - 2030, USD Million
TABLE 77 Rest of North America Cognitive Computing Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 78 Rest of North America Cognitive Computing Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 79 Rest of North America Cognitive Computing Market, By Technology, 2019 - 2022, USD Million
TABLE 80 Rest of North America Cognitive Computing Market, By Technology, 2023 - 2030, USD Million
TABLE 81 Rest of North America Cognitive Computing Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 82 Rest of North America Cognitive Computing Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 83 Rest of North America Cognitive Computing Market, By Vertical, 2019 - 2022, USD Million
TABLE 84 Rest of North America Cognitive Computing Market, By Vertical, 2023 - 2030, USD Million
TABLE 85 Key Information – Oracle Corporation
TABLE 86 Key Information – IBM Corporation
TABLE 87 key information – Microsoft Corporation
TABLE 88 Key information – SAS Institute, Inc.
TABLE 89 Key Information – SAP SE
TABLE 90 Key Information – Hewlett Packard Enterprise Company
TABLE 91 Key Information – Tata Consultancy Services Ltd.
TABLE 92 Key Information – Google LLC
TABLE 93 Key Information – 3M Company
TABLE 94 Key Information – Tibco Software, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Cognitive Computing Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Cognitive Computing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2023, May) Leading Players
FIG 8 Porter’s Five Force Analysis: Cognitive Computing Market
FIG 9 North America Cognitive Computing Market share, By Deployment Type, 2022
FIG 10 North America Cognitive Computing Market share, By Deployment Type, 2030
FIG 11 North America Cognitive Computing Market, By Deployment Type, 2019 - 2030, USD Million
FIG 12 North America Cognitive Computing Market share, By Technology, 2022
FIG 13 North America Cognitive Computing Market share, By Technology, 2030
FIG 14 North America Cognitive Computing Market, By Technology, 2019 - 2030, USD Million
FIG 15 North America Cognitive Computing Market share, By Enterprise Size, 2022
FIG 16 North America Cognitive Computing Market share, By Enterprise Size, 2030
FIG 17 North America Cognitive Computing Market, By Enterprise Size, 2019 - 2030, USD Million
FIG 18 North America Cognitive Computing Market share, By Vertical, 2022
FIG 19 North America Cognitive Computing Market share, By Vertical, 2030
FIG 20 North America Cognitive Computing Market, By Vertical, 2019 - 2030, USD Million
FIG 21 North America Cognitive Computing Market share, By Country, 2022
FIG 22 North America Cognitive Computing Market share, By Country, 2030
FIG 23 North America Cognitive Computing Market, By Country, 2019 - 2030, USD Million
FIG 24 Recent strategies and developments: Oracle Corporation
FIG 25 SWOT Analysis: Oracle Corporation
FIG 26 Recent strategies and developments: IBM Corporation
FIG 27 Swot Analysis: IBM Corporation
FIG 28 Recent strategies and developments: Microsoft Corporation
FIG 29 SWOT Analysis: Microsoft Corporation
FIG 30 Recent strategies and developments: SAS Institute, Inc.
FIG 31 SWOT Analysis: SAS INSTITUTE, INC.
FIG 32 SWOT Analysis: SAP SE
FIG 33 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 34 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 35 Recent strategies and developments: Google LLC
FIG 36 SWOT Analysis: Google LLC. (Alphabet Inc)
FIG 37 SWOT ANALYSIS: 3M Company
FIG 38 SWOT ANALYSIS: TIBCO Software Inc.