How big is the cognitive computing market | Global Trends & Forecast 2025

Q: What is the current size of the cognitive computing market?

The cognitive computing market was valued at USD 39.4 billion in 2024 and is projected to reach USD 123.7 billion by 2031.

Q: What is the growth rate of the cognitive computing market?

The cognitive computing market is expected to grow at a CAGR of 17.9% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the cognitive computing market?

Customer service, healthcare diagnostics, fraud detection, financial analytics, virtual assistants, and robotics.

Q: What is driving demand in the cognitive computing market?

AI-driven automation, need for real-time insights, demand for personalized services, and increasing enterprise digitalization.

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Code: MTA5516

Publication Date: Jul 2025

How big is the Cognitive Computing Market?

According to 6Wresearch internal database and industry insights, Global cognitive computing market was valued at approximatelyUSDâ€¯39.4â€¯billion in 2024 and is projected to reach USDâ€¯123.7â€¯billion by 2031, growing at a CAGR of 17.9%.

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This growth is fueled by rapid advancements in artificial intelligence, the growing need for intelligent automation, and the increasing demand for data-driven decision-making across industries.

Key Growth Drivers of the Cognitive Computing Market

Rising adoption of AI and machine learning for enterprise automation
Increasing demand for personalized customer experiences
Growth in big data analytics and real-time decision-making needs
Expansion of digital transformation initiatives across industries
Integration of cognitive technologies in healthcare, BFSI, and retail

Cognitive Computing Market Trends

The Cognitive Computing Market is witnessing accelerated use of natural language processing (NLP), computer vision, and deep learning to enhance user interactions. AI-powered virtual assistants, predictive analytics, and fraud detection systems are gaining traction in both public and private sectors. Enterprises are adopting hybrid cloud platforms to scale cognitive applications efficiently. Cognitive tools are also being deployed for risk assessment, anomaly detection, and workflow optimization in complex business processes.

Emerging Developments in the Cognitive Computing Market

Recent trends are the immersion of generative AI and large language models, to the fields of business communication and analytics, to improve contextual meaning. Legal, healthcare, and finance businesses are coming up domain-specific cognitive APIs. There is also adoption of edge based cognitive computing of real time processing in remote locations in market. Future brain-like computing architecture and quantum cognitive systems are under investigation. Good AI ethics and demonstrable AI systems are increasingly important to create regulatory confidence and trust.